SOURCE: Elleipsis Global Travel Solutions, Inc.

July 14, 2008 07:30 ET

Saudi Arabia Travel Leader Al-Tayyer Travel Selects Rezgateway / Elleipsis Co-Branded Dynamic Booking Solution

Middle East's Premier Travel Agency Latest Customer to Integrate Turn-Key Booking Engine

LAS VEGAS, NV--(Marketwire - July 14, 2008) - Elleipsis Global Travel Solutions, Inc. (PINKSHEETS: EGTS), through its wholly owned subsidiary, Elleipsis, Inc., in strategic partnership with Rezgateway, announced today the integration of its co-branded dynamic booking engine for Saudi Arabia travel agency Al-Tayyer Travel and Tourism Group (Al-Tayyer). The deal extends Elleipsis' transactional-based booking engine into the Middle East, a key market where travel and tourism revenue continues to outpace other international markets.

"We're thrilled to add Al-Tayyer Travel to our growing list of international customers," said Rezgateway's CEO, Mesfin Eyob. "Saudi Arabia is a strategic market for growth, and Al-Tayyer is the leader."

Elleipsis has partnered with RezGateway to expand its overall travel product offering through co-marketing efforts and support market growth through fast, simplified integration. The two leading companies recently announced the release of its advanced reservation and dynamic booking solution, co-branded under the name RezPackage/TravelTalk, which includes dynamic booking capabilities for air, cruise, hotel and car. The advanced online reservation and dynamic book system is currently being deployed for key customers in Asia/Pacific, Middle East, North and South America to leverage the explosive growth trend for international travelers. The robust ecommerce solution features the capability to process multiple international currencies through TravelTalk's partnership with GlobalCollect, the world's leading international online internet payment service.

Elleipsis Global Travel Solutions, Inc., through its wholly owned subsidiary, Elleipsis, Inc., 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, travel industry 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.

Contact Information

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