SOURCE: Elleipsis Global Travel Solutions, Inc.

June 27, 2008 08:30 ET

Elleipsis Global Travel Solutons Powers New AllRes.com for Online Travel Bookings and Transactions

Positioned for Exponential Revenue Growth; New Deep Discount Site to Offer Massive Flight Options Compared to Other Leading Sites

LAS VEGAS, NV--(Marketwire - June 27, 2008) - Elleipsis Global Travel Solutions, Inc. (PINKSHEETS: EGTS), through its wholly owned subsidiary, Elleipsis, Inc., announced today a deal to provide its TravelTalk® travel booking solution to AllRes.com, an online travel agency specializing in deeply discounted consolidator airfares, known as "net" fares. Initial projections are expected to easily exceed 50,000 booking transactions per year based upon the site's unique pricing model, its online marketing campaign and exclusive airfare offerings from a major global airfare consolidator. The new travel web site will launch next week with an integrated online and viral marketing campaign as well as cross-promotions with other travel-related sources to drive traffic and build a steady stream of repeat customers.

AllRes.com will initially launch with net airfare offerings as well as published fares drawn from the major Global Distribution Systems (GDS). The company plans to expand its discount products to include cruise packages by the 4th quarter of 2008. The discount cruise packages and booking engine will also be powered by Elleipsis' TravelTalk® solution. TravelTalk® will facilitate all transactions for the site.

"With TravelTalk's easy-to-use reservation system and the site's exclusive net airfares, AllRes.com is the ultimate discount airfare destination," said Diane Byman, President of Elleipsis. "Today's global traveler looks for price and convenience. AllRes.com's discount pricing and aggressive marketing push will position the site as a serious player for online travel."

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.

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

About AllRes.com

AllRes.com is an online travel agency offering both unpublished net fares and fares offered from the major Global Distribution Systems. The site is dedicated to providing the lowest pricing for air travel combined with flight options not found on competitors' sites. AllRes.com provides complete reservation and booking solutions for today's travelers, and is committed to friendly customer service to ensure hassle-free transactions.

For more information, please visit www.allres.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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