Most customers most of the time will find lower fares, not because of web fares, and not because we will have access to fares that other channels (CRS''s econolodgerenfrovalley and the sites and agents that rely on them) do not have access to, but because we will econolodgerenfrovalley do a better job of searching the fares everyone has access to. This will be because we have opted to do what the others have not, which is invest in new technology computers econolodgerenfrovalley able to do far bigger searches, using search software that that was independently developed and is designed to search econolodgerenfrovalley all fare and schedule possibilities comprehensively and without bias, and in telecommunications capacity that will provide absolutely the most current information on seat availability. It is expected that more than 99% of the time that we come up with a better fare, it will not be because we had access to any fare that its competitor did not. It will be because we did a more comprehensive and unbiased search of all the fare and schedule possibilities that are available to all channels.

What does this site have that other online travel sites don''t? Actually, it''s not what the site has, but rather what it does. The heart and soul is actually a fare search engine with state-of-the-art technology to find and book fares. And consistently displayed more fares from more airlines than its competitors. It''s apparent that the consumer will have a new and improved way to book online travel that not only shows more choices but also steps up the competition for the rest of the online travel booking services to improve their product a definite win-win for travelers. Backed by a $50 million investment and boasting powerful technology that helps do-it-yourself travelers find and sort airfares more quickly than anything else on the market, we generated plenty of buzz from the moment the then-unnamed concept was announced in November 1999.

Our agreements not only contain no provision barring any airline from making any fare available through any econolodgerenfrovalley channel, they contain an affirmative non-exclusivity provision that makes it explicit that no airline is prevented from making any fare it chooses available through any channel it chooses. Our agreement contains a non-discrimination clause by which those airlines that will receive the indirect discount on the CRS booking fee agree in return to make available on any fare they publish and make available to the general public through any other channel. But that of course does not preclude them from offering any fare through any other channel.

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