Press Release: Budgethotels Network
September 11, 2001
POINT ROBERTS, WA -- Budgethotels Network Inc. (BUDH: OTC BB) announced that it had formally signed a licensing
agreement with the National Railroad Passenger Association, (Amtrak) for the installation and servicing of information
boards in New York Pennsylvania Station. Wall mounted or freestanding information boards with a courtesy telephone
will allow customers to easily access various travelers needs, such as accommodations, restaurants, and car rentals.
``Association with Amtrak, combined with our relationship with Greyhound Bus Lines affords Budgethotels Network
the opportunity to rapidly expand one of our three growth areas, the information board business.'' William Marshall,
Chief Executive Officer of Budgethotels Network stated. ``Combined with our internet linked kiosks and with our
internet reservation system, Budgethotels.com, we can rapidly increase our revenue base while solidifying our position
as a complete package provider of necessary services for the economy oriented traveler. Budgethotels Network intends
to continue to grow each of our strategic businesses in accordance with our established business plan. We are delighted
to be associated with Amtrak and are committed to providing excellent service to them,'' Marshall concluded.
Certain information included in this communication (as well as information included in oral statements or other
written statements) made, or to be made by Budgethotels Network, Inc. may contain statements that are forward looking.
Statements relating to the future anticipated direction of the internet industry, plans for future expansion, various
business developments, activities, planned capital expenditures, future funding resources, anticipated sales growth
and potential contracts are subject to a number of known and unknown risks and uncertainties that could cause actual
operations or results to differ materially from those anticipated.
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Contact:
Murdock Capital
Thomas Dean, 212/421-2545