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Travelstar Launches Group Leader Program(Marketwire Via Acquire Media NewsEdge) ALISO VIEJO, CA, May 9 / MARKET WIRE/ -- Travelstar, Inc. (OTCBB: TVLS) announced a new Group Leader Program empowering passionate travelers to create their own social networks. For an annual fee of $100, group leaders receive their own version of the Travelstar.com social networking site, complete with a viral marketing system to build their unique network. William M. Alverson, Travelstar Chairman and CEO, stated, "The viral expansion strategy of the program fosters geometric growth. Each Travelstar.com member begets more members. Every time someone becomes a group leader, creates a new social network, or plans a group trip, they naturally invite their friends, family, and colleagues to the site. This process is self-replicating offering perpetual, rapid growth. It's a marketer's dream." This is the first travel-related social network offering users financial and travel rewards. By using the member invite and event planning tools, Travelstar.com group leaders have the opportunity to earn free vacations and lifetime commissions from the people who join their network. The Company also plans to offer an advertising revenue model to its network creators in 2009. "For the first time, we have a truly international opportunity. Everyone loves to travel. With the popularity of social networking and the fact that we have built the viral capabilities into the very essence of the program, we believe we can create millions of Travelstar group leaders and travelers all over the world," commented Alverson. For the Company, the beauty of the group leader program is in its scalability, it grows without an advertising budget, and there are no costs associated with creating content on the site. Social networking sites are by nature, aggregators of user-generated content. The more members, the more content (photos, reviews, videos, etc) the more valuable the site becomes as a resource for all travelers. For group leaders, the beauty lies in its simplicity. The only responsibility of our group leaders is to build their social network within Travelstar.com and to share their passion for travel with the people they know. For travel suppliers and the Joystar network of travel experts, the value comes in the form of incremental business and new loyal customers. "This should have a dramatic impact on the incomes of the agents who participate in the program," Alverson added. About Travelstar, Inc. Travelstar, and its family of brands (www.joystar.com, is one of the nation's largest and fastest-growing leisure travel agency networks and a leading seller of cruises and vacation packages. "Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future events or results. Travelstar, Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. Please refer to the documents filed by Travelstar, Inc. with the Securities and Exchange Commission, which identify important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with our ability to (i) increase revenues, (ii) obtain profitability, and (iii) obtain additional financing, changes in general economic and business conditions (including in the online business and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, risks in connection with acquisitions, the time and expense involved in such development activities, the level of demand and market acceptance of our services and changes in our business strategies. Additionally, forward-looking statements concerning the performance of the travel and leisure industry are based on current market conditions and risks, which may change as the result of certain regulatory, political or economic events, a shift in consumer travel preferences, as well as those risks and uncertainties described in the Company's filings with the Securities and Exchange Commission, which could cause actual events or results to differ materially from the events described in the forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements. Contact: William M. Alverson 949.837.8101 Ext. [email protected]://investors.travelstar.com Copyright ? 2008 Marketwire |