OneTravel Holdings Management to Host Investor Conference Call March 21, 2006
18 March 2006 - 8:57AM
Business Wire
OneTravel Holdings, Inc. (AMEX: OTV), a leading online provider of
travel and leisure services, announced today it will host a
conference call presentation on Tuesday, March 21, 2006 at 4:15 pm
EST. During the call, One Travel management will provide a business
update as well as discuss recent developments at the Company.
Conference call particulars are as follows: -- Date - Tuesday,
March 21, 2006 -- Time - 4:15 p.m. eastern standard time -- Dial in
number - (888) 809-3629 -- During the Question and Answer section
of the conference call, all questions will be limited to investment
professionals. -- A live Internet broadcast can be accessed at
http://ivr.quickconf.com/liveStream.php?ref=204837 Those choosing
to listen via telephone are encouraged to call in at least ten
minutes prior to the start of the call to allow time to register
with the operator. A replay of the conference call will be
available starting approximately 2 hours after the conclusion of
the call through May 21, 2006 by calling (800) 756-3819 and
referencing the conference ID number of 204837#. About OneTravel
Holdings, Inc. (AMEX:OTV) OneTravel Holdings, Inc.
(www.onetravelholdings.com) derives all of its revenues from its
travel business subsidiaries, Farequest Holdings, Inc., operating
under the name 1-800-CHEAPSEATS, www.cheapseats.com and OneTravel,
Inc. operating under the names www.onetravel.com,
www.discounthotels.com and www.11thhour.com. Statements in this
news release about anticipated or expected future revenue or
shareholder value growth or expressions of future goals or
objectives, including statements regarding market conditions or
whether current plans to grow and strengthen the Company's business
will be implemented or accomplished, are forward-looking statements
within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended. When used in this release and documents, the
words "anticipate", "believe", "estimate", "expect" and similar
expressions, as they relate to the Company or its management, are
intended to identify such forward-looking statements, but are not
the exclusive means of identifying these statements. All
forward-looking statements in this release are based upon
information available to the Company on the date of this release.
Any forward-looking statements involve risks and uncertainties,
including the risk that the Company will be unable to grow or
strengthen its business due to a lack of capital or a change in
market demand for its products and services or to fully or
effectively integrate all business units or the inability to
realize anticipated cost savings or revenue and stockholder value
growth opportunities associated with the acquisitions of Farequest
Holdings, Inc. and OneTravel, Inc. The Company has previously
mentioned in conference calls that gross bookings are not equal to
gross revenues under generally accepted accounting principles, so
no inference can be made about profitability based on gross
bookings unless expressly stated by the Company. The Company is
also subject to those risks and uncertainties described in the
Company's filings with the U.S. Securities and Exchange Commission
("SEC"), including the Company's historical losses and negative
cash flow, its need for additional capital, including to finance
the $12,500,000 promissory notes payable to the former stockholders
of OneTravel, Inc .and the right of holders of the $15,625,000 of
the Company's Secured Convertible Debentures to accelerate and
demand payment , and that future financing, if available, will
dilute the Company's current common stockholders, plus the
Company's inability to maintain listing with the American Stock
Exchange, could have an adverse affect on the Company's stock value
and liquidity. Additionally, forward-looking statements concerning
the performance of the travel and leisure industry are based on
current market conditions and risks, which may change as the result
of certain regulatory, political, or economic events, a shift in
consumer travel preferences, as well as those risks and
uncertainties described in the Company's SEC filings, which could
cause actual events or results to differ materially from the events
or results described in the forward-looking statements, whether as
a result of new information, future events or otherwise. Readers
are cautioned not to place undue reliance on these forward-looking
statements.
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