Budget Center Announces LOI with HotelsCombined.com
LAS VEGAS–(BUSINESS WIRE)– Budget Center Inc. (OTC: BDGN) (the “Company) is pleased to announce that the Company’s owned travel website www.budgethotels.com has signed a Letter of Intent (“LOI”) for a “white paper affiliate” agreement with Hotels Combined Pty Ltd. of Sydney, Australia.
The terms of the LOI outline an agreement with HotelsCombined.com to proceed with a complete corporate build out utilizing Hotels Combined’s extensive worldwide inventory to deliver a “Budget” brand to the end user customer.
President and CEO of Budget Center Bob Chalmers commented, “We are very excited about the potential revenues Hotels Combined will be able to generate for Budget by providing access to over 900,000 global hotel deals from over 30 merchants. This is a great opportunity for the Company to become a complete global brand by allowing our customers from all over the world to find the best deals and to have it delivered in 14 languages, 118 currencies, and in 195 different countries.”
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 Hotels Combined
HotelsCombined.com is headquartered in Sydney, Australia and was established in 2005 by a team of business, marketing and technology experts from the online hotel reservation industry including former executives of HotelClub.com, RatesToGo.com and Stella Hospitality Group. HotelsCombined.com is a unique search engine that consumers can use to find hotel availability and rates, and to compare prices and offers from multiple merchants. Using our service, travelers no longer have to search websites one by one to find the best deals and lowest rates. Once you find the supplier suitable for your needs, we link you through to the supplier website to book directly.
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: budgetairlines.com budgethotels.com, budgetresorts.com, budgetravel.com, budgetskiing.com, budgetadventures.com, budgetentertainment.com, and budgetcharters.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.