OTV Onetravel Hlgs

OneTravel Holdings, Inc. (AMEX:OTV) announced today the launch of the OneTravel Satellite TV Studio. Cheapseats.com airline expert Terry Trippler will now be available via satellite for live and taped TV interviews from a state of the art studio in downtown Minneapolis. The hi-tech studio is run by television veterans who can customize segments by adding graphics into video and overlaying images. With over 36 years of commercial travel industry experience, Terry Trippler is considered one of America's foremost authorities on the airline industry and the rules that govern their operation. Mr. Trippler has also been very involved in the events leading up to the current Northwest Airlines strike and remains a source of insights and information on this and other travel related current events. Trippler has been quoted in USA Today and other major newspapers, as well as almost every television network including shows such as ABC'S 20/20, Dateline NBC, Your World with Neil Cavuto, and CBS Evening News, among others. "We have found that it is difficult for the media to conduct satellite interviews. Since Terry Trippler has become one of the most qualified and sought after travel and airline experts, we felt that as part of our mission to keep our customers informed on the industry, we would facilitate the process by making Terry and his knowledge of the industry available to the masses. We are by no means getting into the television business, but the cost of the studio was so negligible that it is well justified by the amount of use we expect the studio to get," explained William Goldstein OTV's Chairman and CEO. "I felt the development of a satellite studio was important because in every market, no matter the size, stations should have the same access to current and relevant information regarding the air travel industry," expressed Terry Trippler. About OneTravel Holdings, Inc. (AMEX:OTV) OneTravel Holdings, Inc. (www.onetravelholdings.com) derives all of its revenues from its travel business subsidiaries, Farequest Holdings, Inc., operating under the name 1-800-CHEAPSEATS (www.cheapseats.com) and OneTravel, Inc. (www.onetravel.com), both of which are leading online and offline providers of a full range of travel services, and FS SunTours, Inc., which sells leisure and vacation travel packages under the SunTrips(R) brand (www.suntrips.com). The Company derives additional revenue from operating other travel related web sites. Statements in this news release about anticipated or expected future revenue or shareholder value growth or expressions of future goals or objectives, including statements regarding market conditions or whether current plans to grow and strengthen the Company's business will be implemented or accomplished, are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. When used in this release and documents, the words "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking statements, but are not the exclusive means of identifying these statements. All forward-looking statements in this release are based upon information available to the Company on the date of this release. Any forward-looking statements involve risks and uncertainties, including the risk that the Company will be unable to grow or strengthen its business due to a lack of capital or a change in market demand for its products and services or to fully or effectively integrate all business units or the inability to realize anticipated cost savings or revenue and stockholder value growth opportunities associated with the acquisitions of Farequest Holdings, Inc. and OneTravel, Inc. The Company has previously mentioned in conference calls that gross bookings are not equal to gross revenues under generally accepted accounting principles, so no inference can be made about profitability based on gross bookings unless expressly stated by the Company. There is also no certainty that the Company will be successful in its quest to secure strategic alliances in its efforts to restructure its SunTrips operations. The Company is also subject to those risks and uncertainties described in the Company's filings with the U.S. Securities and Exchange Commission ("SEC"), including the Company's historical losses and negative cash flow, its need for additional capital, including to finance the $12,500,000 promissory notes payable to the former stockholders of OneTravel, Inc., and that future financing, if available, will dilute the Company's current common stockholders. 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 SEC filings, which could cause actual events or results to differ materially from the events or results 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. For a complete description of the items approved at the annual stockholder's meeting, the Company's proxy statement is available for viewing in the Company's SEC filings.