Serious mischaracterizations have been made about us and the orbitz issue of hotel who will have access to what fares. Some of those mischaracterizations have been based on simple ignorance, accommodations and orbitz but others have clearly hotel been part of a concerted effort by us competitors to use misinformation to prevent us from offering new competition to them and new choice to consumers. There is no agreement accommodations by which any airline would be precluded from making any fare it chose available through any retail channel it chose. Airlines for 2 decades have been like any other business in America, orbitz in that they can decide what they want to charge and where they want to sell hotel their product. And that remains true under the our agreements. Each accommodations and every orbitz airline, no matter what kind of participation it has, will be free to decide individually what fares hotel and accommodations it orbitz offers and whether or not to offer them through any other outlet.

What does this site have that other online travel sites don''t? Actually, it''s not what the site has, but rather what it does. The heart and hotel and accommodations soul is actually a fare search engine with state-of-the-art orbitz technology to find and book fares. And consistently displayed more fares from more airlines than its competitors. It''s apparent that the consumer will have a new and improved way hotel to book online travel that not only shows more choices accommodations but also steps up the competition for the rest of the online travel booking services to improve their product orbitz a definite win-win for travelers. Backed by a $50 million investment and boasting powerful hotel and accommodations technology that helps do-it-yourself travelers find and sort airfares more quickly than anything else on the market, we generated plenty of buzz from the moment the then-unnamed concept was announced in November 1999.

Most customers most of the time will find lower fares, not because of web fares, and not because we will have access to fares that other channels (CRS''s and the sites and agents that rely on them) do not have access to, but because we will do a better job of searching the fares everyone has access to. This will be because we have opted to do what the others have not, which is invest in new technology computers able to do far bigger searches, using search software that that was independently orbitz and hotel and accommodations developed and is designed to search all fare and schedule possibilities comprehensively and without orbitz bias, and in telecommunications capacity hotel that will provide absolutely the most current information on seat availability. It is expected that more than 99% of the time that we come up with accommodations a better fare, it will not be because we had access orbitz to any fare that its hotel competitor did not. It will be because we did a more comprehensive and unbiased search of all the fare and schedule possibilities that are available to all channels accommodations.