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EXCHANGEMALL.COM, INC.
3500 West Magnolia Boulevard
Burbank, California 91505 USA
EXCHANGEMALL.COM PARTNERS WITH YTB TRAVEL ON EXCHANGEMALL TRAVEL
OFFERING THE INTERNET’S MOST COMPETITIVE RATES ON AIRFARE, HOTEL, CAR RENTALS AND CRUISES
May 1, 2007
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Online travel bookings for business or pleasure continue to flourish as a robust sector on the Internet. Travelers have taken to the Web like never before booking every phase of their trips online in the $60 billion online travel market. It is estimated that 40% of every dollar spent on the Internet is travel related. To meet the needs of online travelers, Exchangemall.com announces a partnership with YTB Travel through ExchangemallTravel.com, a unique travel booking website with some of the lowest travel rates on the Internet. Travelers can search the lowest travel on airfare, hotel reservations, rental cars, and even vacation cruises using the search functionality and travel resources. In addition to competitively priced travel bookings, Exchangemall Travel will also offer a lucrative home based business opportunity for ambitious people who want to achieve financial success by enrolling in YTB at www.ytb.com/exchangemall. YTB is a referral based business opportunity where individuals earn substantial commissions and residuals by sharing the benefits and cost savings with their friends, family, and co-workers. Travel is the number one search word on the Internet, and the success of companies like Orbitz and Expedia are strong indicators of where the travel industry is headed. As a strategic partner to Exchangemall.com, YTB is currently enjoying over 300% growth from 2006 results. Exchangemall.com is proud to be partnering with such an outstanding opportunity like YTB. ABOUT EXCHANGEMALL.COM Exchangemall.com is a diversified company with interests in businesses in the service industry, technology, and Internet e-commerce, the most important of these being First National Information Network (FNIN). FNIN sells pre-qualified business and investor leads and contact databases, as well as value-added services, to businesses throughout North America. Exchangemall.com's mission is to create and operate successful and innovative businesses thereby creating worth and value for our shareholders. SAFE HARBOR STATEMENT Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws. Such forward-looking statements are based on the beliefs of our management as well as assumptions made by and information currently available to them. The Company has no obligation to update such forward-looking statements. Actual results may vary significantly from these forward-looking statements based on a variety of factors. These risks and uncertainties include the matters relating to the Special Committee's investigation of the Company's stock option grants and the restatement of our consolidated financial statements. The investigation and conclusions of the Special Committee may result in claims and proceedings relating to such matters, including previously disclosed stockholder and derivative litigation and actions by the Securities and Exchange Commission and/or other governmental agencies and negative tax or other implications for the Company resulting from any accounting adjustments or other factors. In addition, there can be no assurance that the actions taken or to be taken by the Company as described herein will ensure the continued listing of the Company's common stock on NASDAQ. Other important factors are described in the Company's Annual Report on Form 10-K for the fiscal year ended October 31, 2006 in the section entitled "Risk Factors". |
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