Press Release
October 12, 2000
SPRINGFIELD, MO -- TravelNow.com Inc., (Nasdaq SC: TNOW) announced that it had received inquiries as to reasons,
if any, for yesterday's decline in the price of the company's common stock in response to steady stock sales pressure.
The company is aware of no material business or financial developments or other material information about the
company that have not been publicly disclosed. The company further stated, however, that it had been made aware
of speculation in the market that such decline could be attributable to possible sales resulting from margin calls
or other forced sales of stock held by one or a few shareholders who are not now and have not been affiliates of
the company.
About TravelNow
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.
Contact:
TravelNow.com Ross Summers 417/864-3600 x1304 - or - Keating Investor Relations Mark Furman, 973/376-9300