Today, the company announced its selection by The Industry Standard as one of 12 "Up and Coming" companies in the Internet economy.

WorldRes CEO Greg Jones attended The Industry Standard's Internet Summit 99, held July 17-20 at the Ritz Carlton in Laguna Niguel, Calif., where WorldRes was featured as one of 12 "Up and Coming" companies to present at the conference. Internet Summit 99, touted as a forum for exposing the most promising emerging e-commerce companies, attracted a top-tier group of Internet industry luminaries including Marc Andreesen of Netscape, Amazon.com's Jeff Bezos and Tim Koogle of Yahoo. The event was hosted by Bill Gurley and Mary Meeker, two of the industry's top Internet analysts.

"Internet Summit 99 was a huge success, bringing together a hand-picked group of the most influential Internet business leaders and visionaries," said John Battelle, president of The Industry Standard. "The Industry Standard is the voice of authority on the Internet economy, and the participation of high-calibre Internet leaders like WorldRes made our conference the premiere venue for peering into the future of business on the Web."

WorldRes was chosen as an "Up and Comer" based on its superior business-to-business solution for connecting hotel properties of all sizes with Web-based distribution partners to generate reservation-booking e-commerce.

WorldRes' growing network includes more than 9,000 hotel properties, from large chains such as Hilton and Choice American to independent inns and b&bs, and more than 900 distribution partners, including AOL, Lycos, Yahoo! and specialized activity- and destination-based sites. By connecting these sources of supply and demand with a state-of-the-art Internet booking engine, WorldRes has established its leadership in the exploding market of online leisure travel.

"It is an honor for WorldRes to be recognized by The Industry Standard as a leader in the e-commerce boom," commented Jones. "Back when WorldRes was formed, we saw that the Internet offered a huge opportunity for the largely untapped market of leisure travel. We invested heavily in technology while developing a unique and effective network of hotels and distribution partners. As a result, we have broadened the options for consumers by offering them more and better information and the ability to make real-time reservations through their favorite Web sites. Our selection as an 'Up and Comer' is further validation that we are on the right track. As online hotel bookings continue to grow, WorldRes will continue to lead the leisure market. "

About WorldRes, Inc.

WorldRes, Inc. ( www.worldres.com) operates the online distribution network that connects hotels to leisure travelers through a broad range of Web-based partners, including portals, travel and destination Web sites, convention and visitor bureaus, tourism authorities, online city guides, call centers and travel agents.

For hotels, WorldRes offers an efficient, low-cost means for marketing and selling accommodations online. For distribution partners, WorldRes provides detailed information, booking capability and transaction revenue for a wide range of properties, from bed and breakfasts and independent hotels to resorts and hotel chains.

WorldRes was founded in 1995 and is headquartered in San Mateo. WorldRes Europe is based in central London. WorldRes' over 80 employees possess an extensive knowledge of hotel marketing, systems and operations as well as Internet-based transaction technology.