CHEAP TICKETS, INC. ANNOUNCES PUBLIC OFFERING OF 5,000,000 SHARES OF COMMON STOCK

Press Release: Cheap Tickets, Inc.

August 26, 1999
HONOLULU, HI -- Cheap Tickets, Inc. (Nasdaq: CTIX) Monday announced the pricing of its public offering of 5,000,000 shares of its Common Stock, of which 2,500,000 of the shares were offered by the Company and 2,500,000 were offered by existing stockholders (the "Offering") on the Nasdaq National Market. The Offering price was $38.00 per share.

The Offering was managed by William Blair & Company L.L.C., Dain Rauscher Wessels, a division of Dain Rauscher Incorporated, CIBC World Markets Corp. and Volpe Brown Whelan & Company, LLC.

Net proceeds to the Company from the Offering are expected to be used for advertising and brand development, development of technological infrastructure, international expansion, possible acquisitions and general corporate purposes. The Company will not receive any proceeds from the sale of shares by existing stockholders.

The Company is a leading retail seller of discount tickets for domestic leisure air travel. In the first six months of 1999, the Company sold approximately 840,000 airline tickets primarily through call centers and their Internet site at "www.cheaptickets.com." In addition, the Company sells cruise tickets, auto rentals and hotel reservations.

This communication shall not constitute an offer to sell nor a solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. When available, a copy of the preliminary prospectus relating to this offering can be obtained from William Blair & Company L.L.C., 222 West Adams Street, Chicago, Illinois, 60606, 312-236-1600.

SOURCE: Cheap Tickets, Inc.