Budgethotels.com, Inc. Announces Signing of a New Contract With Labor Ready Inc
POINT ROBERTS, Wash.–(BUSINESS WIRE)–May 10, 1999–
Budgethotels.com, Inc. (OTC BB: BUDH) President and CEO William J. Marshall is pleased to announce that the Company has signed an agreement to increase participation by Labor Ready Inc. on its Info Center Boards.
This increase expands Labor Readys’ listings from 24 cities (contracted in September 1999) to 30. The increase reflects both Labor Readys’ satisfaction with the results produced by Info Center Board advertising and Labor Readys’ own aggressive expansion plans.
Labor Ready — listed on the New York Exchange: LRW — is a leading provider of temporary workers for manual labor jobs. The company has grown rapidly from 17 dispatch offices in 1993 to 486 at December 1998. Labor Ready expects to open 200 new dispatch offices in the first half of 1999 and 200 more in the year 2000. “Our Info Center Boards are proving to be a valuable tool to facilitate and support Labor Readys’ expansion plans,” said Budgethotels.com, Inc.’s President and CEO William J. Marshall, “and the fact that our own expansion plans parallel theirs, is opportune for both our companies. We see the relationship as one that can increase our growth exponentially.”
Budgethotels.com, Inc. has experienced rapid growth of its own. In January 1998 they had 32 Advertising Boards in Greyhound/Amtrak locations. That number has now doubled to 64 locations. Greyhound has over 30 million riders and over 1,500 locations. The company’s objective is to secure 400 locations across North America at an increase rate of 4 per month. As they install more Info Center Boards, advertising interest is expanding with the Company’s national market exposure. Expansion into European and Australian markets are also currently under investigation.
Bugethotels.com, Inc.’s website has been upgraded and is now in the Beta testing stage.
Budgethotels.com, Inc. is a growth Company, carving a leadership niche in the provision of innovative hotel reservation systems. Info Center Inc. (a division thereof) is also leading the way in expanding locations for board advertising for traveler services including hotels, motels, hostels, taxis, public transit and employment agencies.
A recent report by Wall Street Research on the Company is available at http://www.wallstreetresearch.net
Budgethotels.com, Inc. is listed on the OTC Bulletin Board, symbol BUDH.
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