SOURCE: Elleipsis Global Travel Solutions, Inc.

July 09, 2008 07:30 ET

Elleipsis Global Travel Solutions and Rezgateway Successfully Integrate Co-Branded Reservation System for Global Markets

Strategic Partnership Enables Turn Key Air, Cruise, Hotel and Car Bookings for International Travel Agency Leader, Costamar Travel

LAS VEGAS, NV--(Marketwire - July 9, 2008) - Elleipsis Global Travel Solutions, Inc. (PINKSHEETS: EGTS) in strategic partnership with Rezgateway, announced today that customer Costamar Travel has successfully integrated the RezPackage/TravelTalk ecommerce solution for travel reservations and dynamic bookings. Costamar Travel, which operates in 65 offices in North America, Brazil, Peru and Colombia, is expected to drive over 100,000 transactions annually through the RezPackage/TravelTalk platform. With the capability to expand to over 1 million bookings annually, Elleipsis expects a significant boost to its transactional-based business model which generates a fee from every booking transaction.

The co-branded RezPackage/TravelTalk booking engine, which has been certified by Amadeus, includes robust reservation and dynamic booking capabilities for air, cruise, hotel and car. The RezPackage/TravelTalk solution also features the capability to process multiple international currencies through its partnership with GlobalCollect, the world's leading international online internet payment service.

"We are pleased with the transaction growth and outlook for ongoing revenue opportunities based on the demand from our international customers," said Rezgateway's CEO Mesfin Eyob. "Together with Elleipsis, we are able to offer a full complement of air, cruise, car and hotel offerings with multiple GDS and consolidator fares."

Elleipsis has partnered with RezGateway, the global leader in software and systems integrations for the online industry, to expand its overall travel product offering through co-marketing efforts and support market growth through fast, simplified integration. The RezPackage/TravelTalk online booking and reservation system is currently being deployed for key customers in Asia, Middle East, Europe, North and South America to leverage the explosive growth trend for international travelers

Elleipsis Global Travel Solutions secures travel fares through its agreements with the major Global Distribution Systems (GDS), including Amadeus, Sabre and Galileo as well as international consolidators. Its customizable product offering, named TravelTalk®, is an industry-leading travel reservation and booking solution that simplifies the airfare search and booking process, enabling easy and secure transactions for online travel agencies. Aligned for the global travel markets, TravelTalk® is available in several international languages, and can facilitate transactions in foreign currencies.

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.

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About Rezgateway

Established in 2001 is the worldwide leader in software for the travel industry. Rezgateway's concept is to provide a one-vendor solution to Airlines, Tour Operators, Travel Inventory Distributors, Receptors, event Planners and Destination Management companies. By using Rezgateway's range of services, customers can easily create, manage, integrate and distribute travel inventory using Internet technologies. Headquartered in USA, the company also maintains sales and support offices in Las Vegas (USA), Toronto (Canada), Dubai (UAE), Sydney (Australia) and Colombo (Sri Lanka).

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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