OTV Onetravel Hlgs

OneTravel Holdings, Inc. (AMEX: OTV), a leading online provider of travel and leisure services, announced today it will host a conference call presentation on Tuesday, March 21, 2006 at 4:15 pm EST. During the call, One Travel management will provide a business update as well as discuss recent developments at the Company. Conference call particulars are as follows: -- Date - Tuesday, March 21, 2006 -- Time - 4:15 p.m. eastern standard time -- Dial in number - (888) 809-3629 -- During the Question and Answer section of the conference call, all questions will be limited to investment professionals. -- A live Internet broadcast can be accessed at http://ivr.quickconf.com/liveStream.php?ref=204837 Those choosing to listen via telephone are encouraged to call in at least ten minutes prior to the start of the call to allow time to register with the operator. A replay of the conference call will be available starting approximately 2 hours after the conclusion of the call through May 21, 2006 by calling (800) 756-3819 and referencing the conference ID number of 204837#. About OneTravel Holdings, Inc. (AMEX:OTV) OneTravel Holdings, Inc. (www.onetravelholdings.com) derives all of its revenues from its travel business subsidiaries, Farequest Holdings, Inc., operating under the name 1-800-CHEAPSEATS, www.cheapseats.com and OneTravel, Inc. operating under the names www.onetravel.com, www.discounthotels.com and www.11thhour.com. Statements in this news release about anticipated or expected future revenue or shareholder value growth or expressions of future goals or objectives, including statements regarding market conditions or whether current plans to grow and strengthen the Company's business will be implemented or accomplished, are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. When used in this release and documents, the words "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking statements, but are not the exclusive means of identifying these statements. All forward-looking statements in this release are based upon information available to the Company on the date of this release. Any forward-looking statements involve risks and uncertainties, including the risk that the Company will be unable to grow or strengthen its business due to a lack of capital or a change in market demand for its products and services or to fully or effectively integrate all business units or the inability to realize anticipated cost savings or revenue and stockholder value growth opportunities associated with the acquisitions of Farequest Holdings, Inc. and OneTravel, Inc. The Company has previously mentioned in conference calls that gross bookings are not equal to gross revenues under generally accepted accounting principles, so no inference can be made about profitability based on gross bookings unless expressly stated by the Company. The Company is also subject to those risks and uncertainties described in the Company's filings with the U.S. Securities and Exchange Commission ("SEC"), including the Company's historical losses and negative cash flow, its need for additional capital, including to finance the $12,500,000 promissory notes payable to the former stockholders of OneTravel, Inc .and the right of holders of the $15,625,000 of the Company's Secured Convertible Debentures to accelerate and demand payment , and that future financing, if available, will dilute the Company's current common stockholders, plus the Company's inability to maintain listing with the American Stock Exchange, could have an adverse affect on the Company's stock value and liquidity. Additionally, forward-looking statements concerning the performance of the travel and leisure industry are based on current market conditions and risks, which may change as the result of certain regulatory, political, or economic events, a shift in consumer travel preferences, as well as those risks and uncertainties described in the Company's SEC filings, which could cause actual events or results to differ materially from the events or results described in the forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements.