MORRISTOWN, N.J., Sept. 20, 2006 (PRIMEZONE) -- Crystal International Travel Group (OTCBB:CINT) announced today that it has filed a patent application with the USPTO entitled "SUBSCRIPTION MANAGEMENT FOR PERIODIC TRAVEL SERVICES."
According to Fabrizzio P. Busso-Campana, CEO of Crystal, the invention is a method for applying subscription dynamics to the acquisition of travel services in the present for use over future time horizons. "We are very excited about this filing, and believe the products and services made possible by the invention will be of benefit to our shareholders and the travel industry at large," Busso-Campana said.
Crystal has also filed an International application under the Patent Cooperation Treaty based on the same application referenced above, along with an application with the Commissioner of Trademarks for registration of the mark "INTELLIFARES," to be used as the brand name for service covered under the patents applied for.
"We will make the appropriate disclosures to our shareholders and the investing public from time to time as the products and services related to the patent application are ready for market, but can state now that they will be focused on providing benefits to what we call Predictable Pattern Travelers, or those consumers who go to the same place frequently, such as Vacation Timeshare or second home owners, college students and business travelers," stated the CEO.
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. These forward-looking statements are inherently subject to a number of risks, uncertainties, and changes in circumstances that are difficult to predict, including the ability of the Company to successfully obtain patent protection and trademark registration for IntelliFares, and create viable products and services under the IntelliFares brand, 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. 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.