LOS ANGELES, July 20, 1999 (PRIMEZONE) -- "PSAZZ.COM," a "WoW" E-Commerce web site designed to capture a major share of the billion dollar online travel business will be unveiled at Equities Magazine's Summer Hot Growth Company Conference at The Manhattan Seaport Suites Hotel, July 22-23, 1999, by PSAINC (OTC BB: PSAX).
PSAINC is building the Company's exclusive Internet brand via advanced convergence streaming media with several of the best known and most highly-regarded international webmasters and designers working today.
PSAZZ.COM is aggressively seeking mergers and acquisitions of related entities and will also develop strategic alliances for PSAINC in the cyber world.
The "WoW" web site will support PSAZZ.COM's proprietary "CyberTravel For The 21st Century" concept. Cyber visitors to PSAZZ.COM will access DVD technology and voice/data/video to "preview," select and purchase pre-packaged tours online.
PSAZZ.COM's multi-media "go-to" web site will be the first completely integrated web site for buyers and sellers of travel products. Cyber visitors will be hosted by the concierge of the Company's virtual "Internet Travel Club," a unique service, where they will be able to access electronic magazines with on-demand videos, guided by travel experts, of virtually any destination. Content will also feature interviews with celebrities and viewers will be alerted to and be able to purchase travel packages to unique, upcoming world events.
PSAZZ.COM will integrate DVD into its "PSAZZ.COM Pals" program, whose members will receive monthly DVD discs containing entertainment and travel magazines by mail, playable in their DVDS, or DVD-ROM computer drives which PSAZZ.COM will use to attract new members to PSAZZ.COM'S online travel community.
E-Commerce-driven travel and transportation services are the fastest-growing and highest-grossing businesses on the Internet, with more than $900 million booked in 1998, with $8.9 billion forecast by year 2002. PSAZZ.COM uses interactive Internet technology to allow travelers to "try and buy," to experience a value-added virtual trip and save travelers money on a wide range of services.
PSAINC is headquartered at 9800 South Sepulveda Blvd., Los Angeles, CA 90045. The Company's telephone is 310/258-0500 and FAX is 310/258-0509.
The foregoing press release contains forward-looking statements based on the Company's beliefs as well as assumptions made by and information currently available to the Company, including statements regarding the timing of the introduction of certain products. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties which are identified and described in the Company's registration statements and periodic reports on file with the SEC, some of which are beyond the Company's control. Actual results could differ materially from these forward-looking statements as a result of a variety of factors including, among others, issues related to the travel and transportation industries and prevailing economic conditions in general. In light of these risks and uncertainties, or should underlying assumptions prove incorrect, there can be no assurance that the forward-looking statements containing in this press release will in fact transpire or prove to be accurate.