SOURCE: Elleipsis Global Travel Solutions, Inc.

July 01, 2008 07:30 ET

cFares Selects Elleipsis TravelTalk® for GDS and Private Fare Inventory

Elleipsis' Technology Provides Access to Cheaper Unpublished Travel Content; Further Expands Online Transactions Through Popular Global Travel Site

LAS VEGAS, NV--(Marketwire - July 1, 2008) - Elleipsis Global Travel Solutions, Inc. (PINKSHEETS: EGTS), through its wholly owned subsidiary, Elleipsis, Inc., announced today the successful launch of its TravelTalk® fare search and booking solution into discount airfare search company cFares. cFares, a unique membership-based Internet travel service that seeks the web for the widest selection of discount airfares, has integrated TravelTalk web services into its mega-search model site. This partnership enables cFares to offer consumers an unprecedented selection of global travel options at a discount well below the published rates on other travel sites.

Elleipsis, which secures travel fares through its agreements with the major Global Distribution Systems (GDS), including Amadeus, Sabre and Galileo as well as international consolidators, is able to offer previously unpublished "net" airfares. By integrating TravelTalk into cFares' search platform, these discounted fares are reaching the growing global travel marketplace.

Unlike an online travel agency, cFares searches the internet to locate and aggregate deals from every source, including airlines, wholesalers, and online travel agencies. While anyone can use the site's service for free, cFares offers a Platinum membership option, similar to the "Costco" model, which offers additional savings on all airfares.

"At cFares, our success is based upon our ability to search and deliver a broad selection of discount fares from many sources not available on any single site," said Vajid Jafri, cFares' founder and Chairman of the Board. "Through Elleipsis' TravelTalk, we are able to tap into unpublished private fares as well as the GDS published fares, and bring the lowest price results to our customers."

In addition to offering access to multiple GDS inventory, Elleipsis' technology has created a global marketplace for discount consolidator fares. Customers, such as cFares, online travel agencies, and consolidators using TravelTalk now have direct, real-time access, either as a supplier or as a distributor.

About Elleipsis

Elleipsis' TravelTalk® technology facilitates travel industry commerce by enabling travel agents and travel industry suppliers to connect clients to the world's largest electronic Global Distribution Systems plus additional travel offerings from other independent providers. The company offers travel solutions based on its TravelTalk® Suite of Business products, which include TravelTalk® Portal, TravelTalk® Connect, and TravelTalk® Dynamic.

For more information, please visit www.elleipsis.com.

About cFares

Founded in 2005, cFares is the travel search site consumers are flocking to because of the great airfare deals it offers. cFares has combined a new business model that takes advantage of major changes in airfare distribution, travel-based search and patented technologies. This combination unlocks new value for the airline industry and the consumer. For more information about cFares, visit www.cfares.com.

Cautionary Statement

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Elleipsis Global Travel Solutions, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

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