Company Press Release
August 1, 2000
SPRINGFIELD, MO -- Jeff Wasson, CEO of TravelNow.com, Inc., (NasdaqSC:TNOW), providing a world-wide database of
hotel, airline, cruise, and car rental reservation information and booking capabilities, announced yesterday that
the Company has reached agreement with certain investors to enter into a standstill agreement in which the investors
would agree not to sell their approximately 7.3 million shares in the aggregate of the Company's Common Stock through
July 19, 2001.
``This is a very significant event for TravelNow'' said Wasson, ``as it removes specter of a large overhang that
has plagued many young companies. The confidence that our large shareholders have shown in TravelNow is gratifying.''
About TravelNow.com
Launched in March, 1995, TravelNow was among the first real-time hotel reservation services on the Internet. Through
its system of affiliates, TravelNow provides competitive rates for more than 40,000 hotels in 5,000 cities and
140 countries. The company offers discounts of up to 65% on over 700 hotels in almost every major city and up to
40% on over 7,000 hotels around the world. In addition to hotel reservations, car, air, and cruise reservations
can also be arranged at www.travelnow.com.
Information in this press release contains forward-looking statements: These statements involve risks and uncertainties
that could cause actual results to differ materially. There is no assurance the above-described events will be
completed. There can be no assurance of the ability of the Company to achieve sales goals, obtain contracts or
financing, consummate acquisitions or achieve profitability in the future. The above and additional factors are
discussed in detail in the Company's filings with the SEC.
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Contact:
TravelNow.com
Ross Summers, 417/864-3600 x1304
or
Keating Investor Relations
Mark Furman, 973/376-9300