inTRAVELnet.com's First Quarter Travel Club Sales Increase 35% to $5,564,635

Apr 12, 2001, 01:00 ET from inTRAVELnet.com inc

    VANCOUVER, British Columbia, April 12 /PRNewswire/ --
 inTRAVELnet.com inc, (OTC Bulletin Board:   ITVRF) announces that travel club
 membership sales for the first quarter ended March 31, 2001 increased 35% to
 $5,564,635 Cad., versus last year's first quarter sales of $4,119,954.  A
 total of 1,288 new Travel Club memberships were sold in the first quarter,
 with total membership to date reaching 11,687 as of March 31, 2001.
     Separately, the Company announced that it is continuing with its plans to
 build the inTRAVELnet Vacation Marketplace, which will enable consumers to
 sell and bid on vacation interval weeks online.  Having recently ended an
 agreement with stox.com inc, inTRAVELnet.com has entered into agreements with
 other solutions providers to build its online vacation interval auction site.
 A comprehensive requirements definition, a conceptual prototype, technology
 architecture and a project plan have been completed, with outside vendors
 proposals being reviewed in order to complete the online solution in the fall
 2001.  This project is currently being funded by internally generated cash
 flow.
     "Our travel club membership continues to enjoy rapid growth.  In order to
 support this sales growth, we will be adding a host of additional services to
 both new and existing members.  Foremost among our service offerings, will be
 inTRAVELnet's Vacation Marketplace.  Our Vacation Marketplace will allow us to
 continue to offer our members exceptional vacation prices along with superior
 service, 24 hours a day, 7 days a week," said Dan Clozza, President and CEO,
 inTRAVELnet.com.  "We also continue to add more exceptional locations to our
 list of participating resorts, and are very excited to be participating in the
 American Resorts and Developers 2001 Annual convention later this month where
 we will be connecting with international resort owners, developers and
 managers.  Lastly, our audited financial statements for the year ended
 December 31, 2000 is being prepared by KPMG, and is expected to be filed with
 the SEC within the next 45 days, at which point they will be publicly
 available."
 
     About inTRAVELnet.com
     inTRAVELnet.com is a rapidly growing leisure travel and information
 services company that is preparing to launch an innovative e-commerce Web site
 catering to the $6.1 billion timeshare resort market. Current operations
 include: a rapidly growing international Travel Club with over 11,687 members
 in North America linked to the Company's network of thousands of participating
 resorts and other travel service providers; a luxury houseboat Vacation Club
 providing vacation intervals to its members; and a fleet of luxury houseboats
 used to service the Vacation Club. inTRAVELnet.com common stock is traded on
 the OTC Bulletin Board under the symbol ITVRF.
     Web site: http://www.intravelnet.com
 
     The Private Securities Litigation Reform Act of 1995 provides a "Safe
 Harbor" for forward-looking statements. Certain information included in this
 press release, as well as information included in oral statements or other
 written statements made or to be made by the Company contains statements that
 are forward-looking, such as statements relating to anticipated future
 revenues of the Company and success of current product relating to anticipated
 future revenues of the Company and of current product offerings. Such
 forward-looking information involves success, important risks and
 uncertainties that could significantly affect anticipated results in the
 future and, accordingly, such results may differ materially from those
 expressed in any forward-looking statements made by or on behalf of the
 Company. For a description of additional risks and uncertainties, please refer
 to the Company's filings with the Securities and Exchange Commission.
     The Company's revenues, sales, projected revenue and/or sales are stated
 in Canadian dollars unless stated otherwise. That portion of revenue from
 members, which entitles them to use the Company's vacation privileges at a
 future date, is deferred as unearned membership sales and dues and is
 recognized in income evenly over the life of the member's entitlements.
 
     For more information, please visit our website at
 http://www.intravelnet.com or contact: Dave Ashby, Investor Relations, at
 888-806-6099 or dashby@intravelnet.com.
 
 

SOURCE inTRAVELnet.com inc
    VANCOUVER, British Columbia, April 12 /PRNewswire/ --
 inTRAVELnet.com inc, (OTC Bulletin Board:   ITVRF) announces that travel club
 membership sales for the first quarter ended March 31, 2001 increased 35% to
 $5,564,635 Cad., versus last year's first quarter sales of $4,119,954.  A
 total of 1,288 new Travel Club memberships were sold in the first quarter,
 with total membership to date reaching 11,687 as of March 31, 2001.
     Separately, the Company announced that it is continuing with its plans to
 build the inTRAVELnet Vacation Marketplace, which will enable consumers to
 sell and bid on vacation interval weeks online.  Having recently ended an
 agreement with stox.com inc, inTRAVELnet.com has entered into agreements with
 other solutions providers to build its online vacation interval auction site.
 A comprehensive requirements definition, a conceptual prototype, technology
 architecture and a project plan have been completed, with outside vendors
 proposals being reviewed in order to complete the online solution in the fall
 2001.  This project is currently being funded by internally generated cash
 flow.
     "Our travel club membership continues to enjoy rapid growth.  In order to
 support this sales growth, we will be adding a host of additional services to
 both new and existing members.  Foremost among our service offerings, will be
 inTRAVELnet's Vacation Marketplace.  Our Vacation Marketplace will allow us to
 continue to offer our members exceptional vacation prices along with superior
 service, 24 hours a day, 7 days a week," said Dan Clozza, President and CEO,
 inTRAVELnet.com.  "We also continue to add more exceptional locations to our
 list of participating resorts, and are very excited to be participating in the
 American Resorts and Developers 2001 Annual convention later this month where
 we will be connecting with international resort owners, developers and
 managers.  Lastly, our audited financial statements for the year ended
 December 31, 2000 is being prepared by KPMG, and is expected to be filed with
 the SEC within the next 45 days, at which point they will be publicly
 available."
 
     About inTRAVELnet.com
     inTRAVELnet.com is a rapidly growing leisure travel and information
 services company that is preparing to launch an innovative e-commerce Web site
 catering to the $6.1 billion timeshare resort market. Current operations
 include: a rapidly growing international Travel Club with over 11,687 members
 in North America linked to the Company's network of thousands of participating
 resorts and other travel service providers; a luxury houseboat Vacation Club
 providing vacation intervals to its members; and a fleet of luxury houseboats
 used to service the Vacation Club. inTRAVELnet.com common stock is traded on
 the OTC Bulletin Board under the symbol ITVRF.
     Web site: http://www.intravelnet.com
 
     The Private Securities Litigation Reform Act of 1995 provides a "Safe
 Harbor" for forward-looking statements. Certain information included in this
 press release, as well as information included in oral statements or other
 written statements made or to be made by the Company contains statements that
 are forward-looking, such as statements relating to anticipated future
 revenues of the Company and success of current product relating to anticipated
 future revenues of the Company and of current product offerings. Such
 forward-looking information involves success, important risks and
 uncertainties that could significantly affect anticipated results in the
 future and, accordingly, such results may differ materially from those
 expressed in any forward-looking statements made by or on behalf of the
 Company. For a description of additional risks and uncertainties, please refer
 to the Company's filings with the Securities and Exchange Commission.
     The Company's revenues, sales, projected revenue and/or sales are stated
 in Canadian dollars unless stated otherwise. That portion of revenue from
 members, which entitles them to use the Company's vacation privileges at a
 future date, is deferred as unearned membership sales and dues and is
 recognized in income evenly over the life of the member's entitlements.
 
     For more information, please visit our website at
 http://www.intravelnet.com or contact: Dave Ashby, Investor Relations, at
 888-806-6099 or dashby@intravelnet.com.
 
 SOURCE  inTRAVELnet.com inc