SOURCE: Best Rate Travel, Inc.

October 25, 2006 11:30 ET

Best Rate Travel (Symbol: BTVL) Announced Today the Conversion of Its Series A Convertible Preferred Shares

BOCA RATON, FL -- (MARKET WIRE) -- October 25, 2006 -- Best Rate Travel (symbol: BTVL) announced today that the Board of Directors has expedited the conversion date of the Series A convertible Preferred stock from June 30, 2009 to October 24, 2006. The conversion period will begin on Wednesday, October 25, 2006 through Friday, December 8, 2006.

A conversion letter has been posted on the Best Rate Travel website and via Standard Mail service to each shareholder of the preferred stock announcing that the Series A convertible preferred stock shall be convertible into 3 shares of restricted common stock, per the March 27, 2006 shareholder proxy action. All conversion requests must be approved by the company prior to the issuance of restricted common shares.

All conversion letters must be sent in with a check or money order for $20.00 per issued certificate made payable to Securities Transfer Corporation for the processing of the conversion.

All preferred shareholders must forward their original Series A convertible preferred shares with the letter of conversion and conversion fee to the address listed below:

Best Rate Travel, Inc
Conversion Department
225 NE Mizner Blvd
Suite 300
Boca Raton, FL 33432
About The Subsidiaries

Best Rate Travel, Inc has three subsidiaries:

--  Best Rate USA Car Rental, Inc., an operational company of Best Rate
    Travel USA, is a growth-oriented car rental company that efficiently serves
    value-conscious customers for all of their car rental occasions.
--  CHL Technologies, Inc., a subsidiary of Best Rate Travel, is a
    wireless broadband mobile content provider that delivers to entertainment
    and e-commerce information to mobile consumers in China.
--  RF Tune, Inc, a subsidiary of Best Rate Travel, is a fabless radio
    frequency integrated circuit manufacturing company offering wireless
    system, chip design, and integrated circuits for the Wi-Fi & WiMax market
    
Once financed, will deliver to clients everything they need for researching, planning, purchasing a trip and post-sale support anytime, anywhere in the world via mobile devices, internet and traditional brick and mortar offerings. The synergies created by our tight integration with mobile technologies places us in a unique position to take advantage of the opportunities in the largest ecommerce market.

More information about Best Rate Travel can be found at:

http://www.bestratetravel.net

http://www.bestratetravelusa.com

Safe Harbor Statement

This release includes forward-looking statements, which are based on certain assumptions and reflect management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; the uncertainty of the internet and e-commerce market; including the travel and research and development of technology moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • CONTACT:
    Best Rate Travel, Inc.
    Adrian Stone, CEO
    225 NE Mizner Blvd.
    Suite 300
    Boca Raton, FL 33432
    Phone: 561-620-7175
    Fax: 561-620-7176