SOURCE: Best Rate Travel

November 15, 2006 09:40 ET

Marketology Breaking News: Best Rate Travel Acquires 20% Ownership of 150 Million Dollar Resort Adding 30 Million in Assets!

BOCA RATON, FL -- (MARKET WIRE) -- November 15, 2006 -- Marketology, your choice for public company news and information, welcomes Best Rate Travel (PINKSHEETS: BTVL) to its stock to watch list. BTVL announced this morning that it has signed a high-profile Final binding agreement with REIT One to build a US$150 million, 268-room Resort on the largest undeveloped parcel in Virginia Beach, VA.

"We are very proud to be working with REIT One Inc to introduce Best Rate Hotels and to mark the commencement of operations for Best Rate Travel. This is the first of many planned projects," commented Adrian Stone, CEO Best Rate Travel.

The prominence of Virginia Beach as a top travel destination in tandem with the Resort's size and luxury amenities are projected to instantly position BTVL as a leader in the travel markets. This significant new development is likely to fuel continued investor interest in the company and drive its long-term growth through future mergers & acquisitions as well as working with its joint venture partners.

BTVL's Virginia Beach property is scheduled to open in July 2008. The company will own a 20 percent (20%) stake in the venture for its technology infrastructure and project management contributions. BTVL also reported today that negotiations are underway with Starwood Hotels to operate the property under a long-term management agreement.

Shares of BTVL closed yesterday at $2.10 -- up $0.11, or more than 5.5 percent on the day.

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Information contained herein is the opinion of Marketology and is intended to be used strictly for informational purposes; the statements/opinions herein should not be construed as an offer or solicitation to buy or sell any security. Marketology has been hired as a consultant and has been paid Five Thousand Dollars and 25,000 restricted shares of stock for the publication and circulation of this report and for ancillary investor relations services by the company Best Rate Travel Inc. Because it relies on information supplied by various third parties, including company press releases and reports filed with the SEC, Marketology disclaims any responsibility for the accuracy of information contained herein. The companies mentioned have not approved the content or timing of the information being published unless otherwise noted. Marketology is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter.

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