Budget Center Provides Corporate Update to Shareholders
Submitted by SmallCapVoice.com
LAS VEGAS, Tuesday January 19, 2010 (BUSINESS WIRE)–Budget Center Inc. (OTCPK: BDGN) (the “Company”) is pleased to announce that the Company’s plans for developing and launching its “Budget” brand group of websites targeting the growing number of thrift minded online travel consumers is well underway.
On Dec. 27, 2009, the Company launched www.budgethotels.com and since then the website has generated an impressive number of visitors and the initial feedback has been exceptionally positive. Revenues are growing daily 24/7 and the conversion rate so far is an impressive 45% which is much higher than expected as the industry average is a 10% conversion rate. Management is continuing to work with its industry IT experts, The Wendling Group LLC (www.wendling.com), and Sidney, Australia based Hotels Combined (http://www.hotelscombined.com/) to add new features and content in an effort to draw more new visitors and offer repeat customers a better overall online experience and help save them more money on their future travel bookings.
The Company expects to launch its second domain www.budgetresorts.com by the end of January 2010 in collaboration with Minneapolis, MN based Connexions CLTS, the preferred provider of San Francisco-based EzRez Software Inc. and the largest US based provider of travel solutions for loyalty programs. The site is expected to offer the largest inventory of travel content available on the internet all at “budget” prices for consumers.
The Company is also preparing to launch its www.budgetskiing.com domain as a result of a joint venture and marketing agreement with former world freestyle champion Lauralee Bowie and her company, Lauralee Bowie Ski Adventures (http://skiadventures.net/), located in Vancouver, British Columbia, the host city of the 2010 Winter Olympics.
Initial negotiations with industry partners to develop and launch the Company’s www.budgetairlines.com domain have commenced with the goal of providing visitors with the best possible selection of discounted airline travel.
President and CEO, Bob Chalmers, commented, “We are very pleased with our progress to date and the response that we have received for our “budget” brand and websites. We plan to continue developing and launching all 12 of our budget URL’s, which should provide the company with impressive revenue growth as we are operating on attractive booking commissions and our conversion rates are much higher than the industry average, which endorses our business plan of targeting the price conscious or “budget” online travel consumer.”
Budget Center currently ranks #1 on Google search for its travel website www.budgethotels.com. TravelMole, the online community for the travel and tourist industry, recently reported that “Consumers are expected to embrace thrift for the long term and operators need to adapt to this.”
About Budget Center Inc.:
Budget Center Inc. has commenced the development of its “budget” category domain network in the online travel and related industries. This program will include the development of the following highly relevant and valuable “budget” brand domains: budgethotels.com budgetairlines.com budgetentertainment.com budgetresorts.com budgetravel.com budgetskiing.com budgetadventures.com budgetcenter.com budgetcharters.com budget-cruise.com budgetfishing.com budgetinteractive.com. Budget Center is dedicated to delivering great value to its clients and customers. Through its websites, the Company will strive to offer a range of the best possible travel options for every budget. When shopping at any of the Company owned websites, visitors will receive great value and service always at budget prices. The Company will continually strive to meet its customers’ needs through ongoing market research, partnerships, and quality offerings at the best savings available.
Forward-looking Statement:
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995 – forward-looking statements concerning plans, objectives, goals, strategies, future events of performance and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and services demand and acceptance, changes in technology and in economic, political and regulatory conditions and to all of the risks generally associated with a company at Budget’s stage of development. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by these cautionary statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
Contact:
Budget Center Inc.
Bob Chalmers, CEO, 1-702-460-7501
info@budgetcenter.com
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