HRN continues to broaden and strengthen its product offerings to its affiliates and customers. The company remains focused on expanding its travel destination offerings, which now reach 60 major markets in North America and Europe, an increase of 50 percent since the end of 1999. In addition, the HRN affiliate program, which has grown its affiliate base by over 56 percent since the end of 1999, is among the most successful on the Web. Through the program, HRN drives considerable income for its affiliate partners, tens of thousands of bookings for HRN hotel partners and significant revenue for HRN.The affiliates consist of a diversified group of sites covering such industries as travel, local interest, convention and visitor bureaus, general entertainment, news and information, community and e-commerce.

�The dramatic increase in our room volume is directly related to the outstanding value we provide to both the traveling public and our affiliates,� stated Bob Diener, President of Hotel Reservations Network. �HRN offers travelers low rates and great availability, fulfilling the needs for today� svalue conscious consumers while creating a growing demand for our product.

�We continue to expand our footprint across the web through new affiliate relationships, while benefiting from the advertising and marketing efforts of our partners. Our open business model enables HRN to partner with thousands of websites spanning a broad range of Internet segments, while our partners benefit from access to our increasing base of discounted hotel rooms and travel destinations. HRN�s exceptional growth engine harnesses the power of the Internet to deliver increasing revenues, pre-tax profits and positive cash flow for our shareholders.�

Hotel Reservations Network, Inc. is the Internet�s leading provider of discount hotel accommodations worldwide and supplier of room availability during sold out periods.