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Second Wave Petroleum Inc SCSZF



GREY:SCSZF - Post by User

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Post by vandenpon Nov 06, 2001 2:04pm
1082 Views
Post# 4375112

News Release

News ReleaseFor Immediate Release November 6th, 2001 SOLARNET PROVIDES INTERNATIONAL HOTELS DISTRIBUTION TO 450,000 TRAVEL AGENTS Vancouver, BC, November 6th, 2001 - SCS Solars Computing Systems Inc. ("SCS"), a provider of information technology solutions for the travel industry, announced today that it has entered into a Letter of Intent with Online Distribution Systems Inc. (“ODS”) to provide worldwide travel agent distribution through SolarNet. ODS, operates a proprietary reservation system for small hotels who lack the ability to accept real-time reservations over the web. With more than 300 hotel properties in 70 destinations in Europe and Asia, ODS has one of the largest databases of independent hotels in Europe and Asia. The addition of SolarNet’s global distribution through the major Global Distribution System/Computerized Reservation System (“GDS/CRS”) networks will make ODS’ database available to 95% of the worlds retail travel agents. The business opportunity created by this partnership is particularly significant when you consider: (1) that many of the hotels hosted by ODS can only be accessed through the ODS proprietary reservation system, and (2) that ODS’ database of international hotel properties is a natural compliment to SolarNet’s existing inventory of air consolidator fares that travel agents utilize daily to book international air fares for their clients. The agreement calls for SCS to host the ODS hotel property database within SolarNet to enable travel agents to view and book the ODS hotel property inventory in real-time from their desktop GDS terminals. The partnership will be based on a service bureau model with ODS paying SCS a transaction fee for every travel agent booking done over SolarNet. Online Distribution System Inc. Founded in October 1999, ODS has built a proprietary reservation system for small hotels who lack the ability to accept real-time reservations over the Internet. With over 300 properties in 70 destinations in Europe and Asia ODS has one of the largest databases of independent hotels in Europe and Asia. ODS focus's on independent hotels because they offer such tremendous value to the traveler. ODS seeks out these value oriented hotels and provides them with the ability to accept real time reservations online. ODS 's proprietary technology is used as the back end booking engine for many of the most popular travel sites on the web. For more information on ODS visit their website at: www.cheapaccommodation.com . SCS Solars Computing Systems Inc.: SCS is a provider of information technology solutions for the travel industry. SCS's core competency is the electronic distribution of applications and information throughout the travel industry supply chain via its proprietary network, SolarNet. SolarNet can take content from any source and distribute it via a powerful combination of the Internet and the established travel industry GDS/CRS networks --Sabre, Galileo, Amadeus and WorldSpan that reach 95% of the world's travel agents. To utilize SolarNet's distribution capabilities, SCS has developed a proprietary suite of flexible and affordable technical solutions that address the automation and information management needs of the travel industry. SCS's proprietary products include: SolarNet, LiveLinx, LiveLinx*PLUS, NewsWire and TourTek. SCS is a public company, trading on the Canadian Venture Exchange (CDNX) under the symbol "SCS". For more information on SCS and its products we invite you to visit our web site at: www.solars.com ON BEHALF OF THE BOARD OF DIRECTORS SCS SOLARS COMPUTING SYSTEMS INC. "Frank Wells" Frank Wells Vice-Chairman For more information contact: Frank Wells Pat Wilson 604-331-2280 604-331-2287 The Canadian Venture Exchange has neither approved nor disapproved of the information contained in this release. This Media Release may contain forward-looking statements, which reflect the Corporation’s current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual events could differ from those projected herein and depend on a number of factors including the success of the Corporation’s sales strategies.
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