SOURCE: Elleipsis Global Travel Solutions, Inc.

May 14, 2008 04:30 ET

Elleipsis Global Travel Solutions Common Stock to Forward Split 3-1

LAS VEGAS, NV--(Marketwire - May 14, 2008) - Elleipsis Global Travel Solutions, Inc., (PINKSHEETS: EGTS) an innovative travel technology company and provider of aggregated travel services, announced today its board of directors has approved a 3-1 forward split of its common share capital. As of the record date of June 6, 2008, every one share of Elleipsis Global Travel Solutions, Inc. common stock will be converted to three shares of common stock. The split will be reflected on the books of the Company's transfer agent. No action is required on the part of any shareholder to participate in the split. The NASDAQ Stock Market will affect the split in the marketplace approximately three business days after the record date. Fractional interests, if any, will be rounded up to the nearest share. "The company has decided to forward split the stock to improve liquidity, broaden ownership, and enhance shareholder value. The split is a clear indication that we feel strongly about our company going into the future and will facilitate our growth plan," said Diane Byman, President.

About Elleipsis Global Travel Solutions, Inc.

Elleipsis Global Travel Solutions, Inc., through its wholly owned subsidiary, Elleipsis, Inc., a Nevada corporation, provides travel booking solutions and web services based on the OpenTravel™ Alliance (OTA) specifications for the travel industry. Elleipsis Inc. products include the industry leading travel technology TravelTalk® Suite of business solutions.

TravelTalk® facilitates travel industry commerce by enabling travel agents and travel industry suppliers to connect clients to the world's largest electronic global distribution systems. For more information, please visit www.elleipsis.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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