SOURCE: Joystar, Inc.

March 28, 2006 08:00 ET

Joystar Signs New Agents Representing Over $25 Million in Business During First Ten Weeks of 2006

Top Producing Leisure Agents Attracted by Promise of Bright Future With Joystar

ALISO VIEJO, CA -- (MARKET WIRE) -- March 28, 2006 -- Joystar, Inc. (OTC BB: JYSR), one of the nation's fastest growing travel agency networks and leading seller of cruises and vacation packages, today announced that in the first ten weeks of 2006, the Company signed agreements with new travel agent members representing over $25 million in annual cruise and vacation business.

Joystar added more than 250 new travel agent members during January and February. Most of these professionals were won in direct competition with other host agencies -- continuing the traction gained by offering a far superior value proposition and three hosting solutions designed to meet the unique needs of the travel agent community.

William M. Alverson, CEO of Joystar, commented, "We are pleased with the momentum Joystar has achieved during the first weeks of 2006. It's gratifying to see the strategic business decisions we made in 2005 be so well received by our new and existing members. Our value proposition as the travel industry's best host travel agency continues to set us apart from the pack."

"Professional travel sellers come in all shapes and sizes and it is evident in our diverse membership. We have 20-year travel industry veterans working part-time; multi-million dollar a year cruise-only agents; we have enterprising agency owners hosting their own sales force of 100+ independent contractors; and energetic entrepreneurs embarking on a second career."

"It's exciting to work with the level of talent and entrepreneurial spirit our membership represents. Our job -- regardless of whether an agent works full-time or part-time, and regardless of whether they are a veteran or a rookie -- is to support each and every one them every step of the way. You never can tell who your Shining Stars are going to be, so we treat every member as a valued partner," Alverson added.

New agent sign-ups were driven by technology investments, value proposition enhancements, and the further strengthening of Joystar's preferred supplier relationships. The Company also attributes successful branding initiatives, positive media coverage in travel industry trade magazines including Agent at Home and Travel Agent, and the maturing and acceptance of the home-based travel agent business model.

About Joystar

Joystar is the one of the nation's largest and fastest-growing leisure travel agency networks and a leading seller of cruises and vacations. The Company sells complex travel products including cruises, vacation packages and group travel through its growing national sales force of virtual travel agents and online affiliates. Joystar offers comprehensive business opportunities that combine innovative technology, marketing opportunities and expert support services to the Company's independent and home-based travel agents. With Joystar, experienced and new travel agents can concentrate on promoting travel and creating client loyalty without the administrative and financial burden of owning/operating a traditional storefront travel agency.

"Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future events or results. Joystar, Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. Please refer to the documents filed by Joystar, Inc. with the Securities and Exchange Commission, which identify important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with our ability to (i) increase revenues, (ii) obtain profitability, and (iii) obtain additional financing, changes in general economic and business conditions (including in the online business and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, risks in connection with acquisitions, the time and expense involved in such development activities, the level of demand and market acceptance of our services and changes in our business strategies.

Additionally, forward-looking statements concerning the performance of the travel and leisure industry are based on current market conditions and risks, which may change as the result of certain regulatory, political or economic events, a shift in consumer travel preferences, as well as those risks and uncertainties described in the Company's filings with the Securities and Exchange Commission, which could cause actual events or results to differ materially from the events described in the forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements.

Contact Information

  • For more information, contact:
    Tom Hormann, CTC
    Sr. V.P. of Communications
    Joystar, Inc.
    (919) 783-8438
    thormann@joystar.com