SOURCE: Travelstar, Inc.

June 24, 2008 22:48 ET

Travelstar Goes Pink

ALISO VIEJO, CA--(Marketwire - June 24, 2008) - Travelstar, Inc. (OTCBB: TVLS) (OTCBB: TVLSE) announced that effective June 25, 2008 the Company's common stock will no longer trade on the OTCBB. Instead, it will be eligible for quotation on the Pink Sheets LLC, an electronic quotation service through which participating broker-dealers can make markets and enter orders to buy and sell shares. The Company expects that the trading symbol of its common stock will remain the same (TVLS or TVLS.PK).

The Pink Sheets are increasingly becoming an alternative to the OTC Bulletin Board and NASDAQ. Many experts are enthusiastically recommending the Pink Sheets today because it allows a company to have many of the same benefits of a private and a public company and should not greatly reduce the demand for the stock. Information about the Pink Sheets can be found at its Internet website

This decision by NASDAQ will allow management to focus its resources on pursuing the Company's objectives and position Travelstar to enhance long-term stockholder value. The Company had been contemplating pulling its shares from the over-the-counter bulletin board for some time after considering the recommendations of certain large shareholders and advisors. At issue was whether the disadvantages of listing on the OTCBB outweigh the benefits to the Company and its stockholders. The Board concurred with the recommendation of its advisors.

Among the factors considered were the initial and ongoing corporate governance requirements and costs associated with the Sarbanes-Oxley Act of 2002 -- which apply only to listed companies -- as well as the ongoing costs and expenses, both direct and indirect, associated with being listed.

William M. Alverson, Travelstar Chairman and CEO, stated, "The expenses associated with being listed were beginning to have a real effect on our operating results. We spent over a half a million dollars last year to be public and were told by our advisors to expect those costs to increase because of the Sarbanes-Oxley Act compliance requirements. We believe shareholder value will be best served through executing on our business model and delivering strong financial results rather than the current limited benefits of an OTCBB listing."

In the quarter ending March 31, 2008, Travelstar announced record sales of $20,801,585. Mr. Alverson continued, "Our Joystar Travel Network continues to grow organically and with the new cash flow model recently introduced, I believe we are a much stronger company today than ever before. We continue to take what we believe are the appropriate steps to ensure the long-term sustainability and success of the Company, its agents and affiliates."

About Travelstar, Inc.

Travelstar, and its family of brands (,,,, is one of the nation's largest and fastest-growing leisure travel agency networks and a leading seller of cruises and vacation packages.

"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. Travelstar, 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 Travelstar, 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.

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