Farelogix.com Inc.

The Company
Farelogix.com Inc. is a Toronto and Dallas based developer and marketer of software solutions for the worldwide Travel Industry (retail, business, and wholesale travel companies.) The Company’s unique Farelogix system is a web-based software system that:
1. manages a travel company's various wholesale and commission-based fare contracts via a database system, and

2. provides an online travel search and reservation system that is integrated to the client's database, to the client's Customer Reservation System (e.g. Sabre), third party wholesale fare databases, and tour operator databases via an Internet interface.

Farelogix systems are used by travel companies to implement:

1. a travel reservation e-commerce site via the internet for business to business or business to consumer;

2. a travel reservation and contract management front office system via the internet for internal professional agent staff;

3. car rental, cruise lines, and hotel reservation capability via the Internet, expected in Release 2.0, Q1 2000.

The Market Opportunity
Travel and Tourism is emerging as the world’s largest industry. The World Trade Organisation forecasts annual global revenues to reach $7.9 trillion by 2005. Today, the travel industry finds itself in much the same position as the securities industry did some ten years ago. It is a commission driven, transaction-oriented industry. Travel suppliers are cutting commissions, and looking for new means of efficient distribution. The retailers are being squeezed. The public is looking for convenience and service, but much of the industry is at a loss on how to provide it. The International Travel Industry is searching for technologies like Farelogix to achieve enhanced distribution and increased productivity/lower costs.