LOS ANGELES, July 29, 1999, (PRIMEZONE) -- PSAINC (OTC BB: PSAX), a development-stage, broad-based global travel and entertainment company currently constructing PSAZZ.COM, a "WoW" E-Commerce web site designed to capture a major share of the billion dollar online travel business, revealed its extensive Internet portal plan on CNBC/Dow Jones Business Video (www.cnbcdowjones.com) financial news Internet site, which is now available to subscribing Internet visitors, as well as on the Company's web site (www.lovepsa.com).
PSAINC is structuring the Company's exclusive Internet brand via advanced broadband convergence, which PSAZZ.COM will utilize in creating a massive database in which prospective travelers will simply type in a request and receive a "mission accomplished" travel itinerary. The "WoW site will support PSAZZ.COM's proprietary "CyberTravel For the 21st Century" concept, where Cyber visitors will be hosted by the concierge of the Company's virtual "Internet Travel Club," and access DVD technology and voice/data video to "pre-view," select, and purchase pre-packaged tours online of virtually any destination. Another exclusive feature will allow customers to be alerted to and be able to book travel packages to unique, upcoming world events PSAZZ.COM's multi-media "go-to" web site will be the first completely integrated web site for buyers and sellers. Content will also feature interviews with celebrities and travel experts who will be able to interactively answer questions from web visitors.
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.
PSAINC is aggressively seeking mergers and acquisitions of related entities and will also develop strategic alliances for PSAZZ.COM in the cyber world.
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.
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The foregoing press release contains forward-looking statements. For this purpose any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "estimate," or "continue," or comparable terminology are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending on a variety of factors.