MORRISTOWN, N.J., May 21 /PRNewswire-FirstCall/ -- Crystal International Travel Group, Inc. (BULLETIN BOARD: CINT) CEO Fabrizzio P. Busso-Campana announced today the company has entered a thirty-day exclusivity period with Mexicana Airlines to finalize terms of a partnership program with Crystal's IntelliFares service.
Mr. Busso-Campana explained "although it is too early to tip our hand, we are working together to provide the best long term value for our customers, combining the advance planning features of IntelliFares with the highest quality air service from the US west coast to Mexico that Mexicana has to offer." Jorge Goytortua, Regional Vice President of the airline added "we have no doubt that our partnership on this program will be one of mutual success and growth." Both company spokesmen indicated their belief that a combination of preferred pricing and the airline's distribution footprint would provide the accessibility and value Predictable Pattern Travelers are looking for. They intend to make details of the partnership program available by mid to late June.
About IntelliFares(TM)
IntelliFares is a unique, travel product where Predictable Pattern Travelers (Timeshare and vacation homeowners, frequent cruisers, college students) can purchase "five years of travel at less than today's price." The patent pending process integrates forward and bulk purchasing disciplines with financial management methodology in partnership with UBS in order to lock in a ticket air price for the consumer over a five-year time period. It also provides a revenue share for distributors, reversing the decline in commissions available to the airline ticket distribution community. Details can be found at http://www.intellifares.com/.
About Mexicana de Aviacion
Mexicana de Aviacion began its operations more than 85 years ago and it is therefore the airline with the fourth longest tradition in the world. Currently, it is the airline with the most extensive international coverage from Mexico and the leading transportation company between Mexico and the United States. From its operation hub in Mexico City International Airport, Mexicana flies to around 50 destinations in North, Central, and South America and the Caribbean. Its code share agreements with leading international airlines, represents a great benefit for its passengers with the accumulation and redemption of miles, access to its executive lounges, a range of connection possibilities and coordinated schedules with an extensive route network that covers a large portion of the world. Having the most modern fleet in the world has allowed it to maintain one of the highest on time performance levels, and enabled it to reach the highest utilization rate of its Airbus fleet, with an average daily operation of 12:52 hours. Mexicana has the best maintenance base in Latin America. And for the second consecutive time its been recognized with the World Travel Awards 2006 as the best Business Class in Mexico and Latin America, in addition to receiving the award as the leading airline for ninth consecutive years in the same region. On July 1st, 2005, Mexicana launched its low-cost airline, Click Mexicana, which offers the most competitive fares. Click serves 23 domestic routes and its fleet is comprised of 14 Fokker 100 aircraft with state-of-the-art equipment with the most advanced technology available in the industry. For more information visit: http://www.mexicana.com/ and http://www.clickmx.com/
Safe Harbor Statement This press release contains forward-looking statements, which are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the views of Crystal International Travel Group, Inc. s (the "Company") management regarding current expectations and projections pertaining to future events and are based on currently available information. The statements involve a number of risks and uncertainties, including the Company's ability to generate sufficient sales for IntelliFares, the completion of its negotiations and product offering development with Mexicana and other factors described in the Company's respective filings with the Securities and Exchange Commission. Other unknown or unpredictable factors also may have material adverse effects on Crystal's business, financial conditions and results of operations. Accordingly, readers should not place undue reliance on these forward-looking statements. The use of words such as anticipates, estimates, expects, is in process, intends, plans and believes, among others, generally identify forward-looking statements; however, these words are not the exclusive means of identifying such statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements and are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. The Company is not under any obligation and does not intend to publicly update or review any of these forward-looking statements, whether as a result of new information, future events or otherwise, even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized.
