LOS ANGELES, April 22 /PRNewswire-FirstCall/ -- Globalfare.com, Inc. (Globalfare), a wholly-owned subsidiary of Vertical Computer Systems, Inc., today announced it has entered into a services agreement with Zegato Solutions, Inc. to provide leisure travel fulfillment for the governmental client base of Zegato Solutions, Inc. Globalfare has also entered into an arrangement with Picasso Travel, Inc. whereby Picasso Travel will provide air, hotel and other travel options through Globalfare to Zegato Solutions, Inc.
According to David Rezaieh, President of Globalfare, "This is an exciting opportunity for all parties. Zegato Solutions provides a sizeable client base that enables Globalfare.com and its partner Picasso Travel to provide exceptional travel packages for government leisure travel."
Globalfare.com, Inc. ("Globalfare") is a wholly-owned subsidiary of Vertical Computer Systems, Inc. Globalfare and its partners provide travel fulfillment services for air and land packages.
Zegato Solutions, Inc. is an information technology company based in metropolitan Washington D.C., that brings more than 14 years of corporate experience in the delivery of software development and systems integration services to the U.S. Government. The company developed the first automated travel and expense solution for the U.S. Department of Health and Human Services. In 1998, the company focused development resources on a new Internet-native hosted solution, which today is Zegato Travel Service, the company's primary offering. This premier end-to-end solution automates all travel related processes from on-line booking to expense reimbursement to payment. Zegato has evolved into a leader in automated travel management and currently has contracts with the Department of Defense, Department of Veterans Affairs Department of Justice, the International Trade Commission and other Federal and non-federal entities.
Picasso Travel, Inc., is an airline Consolidator (wholesaler) in business since 1979 based in Los Angeles, with offices in NYC, San Francisco, Chicago, Boston, Washington D.C., Dallas and Fort Lauderdale. Picasso Travel has over 50 contracts with major domestic and international carriers, which allow Picasso Travel to sell tickets to every major destination worldwide. Picasso Travel is fully automated with SABRE computers and PATHEO system. Picasso Travel services over 12 thousand travel agents all over the United States with over 120 employees nationwide speaking 24 languages. Picasso Travel is one of the leading wholesalers of air tickets in the United States. In addition to its air products, Picasso Travel has a tour department consisting of Picasso Tours, Nordique Tours/Norvista & Splendida Italia selling tours to Italy, Eastern Europe, Scandinavia, Russia, the Baltic States, Turkey & Greece.
Vertical Computer Systems, Inc. (VCSY) is a multinational provider of web services, underpinning web technologies, and administrative software services through its global partners system, a worldwide distribution network. Vertical provides web applications and services targeted at specific market needs in business and government organizations, such as emergency response, news media, procurement, education, e-commerce, and human resources. Vertical also provides underpinning web and internet technologies that can be leveraged across all of its target markets. Vertical's software products include the Emily® XML Enabler Agent, ResponseFlash(TM), SiteFlash(TM), UniversityFlash(TM), Newsflash(TM), and the Focal Point Search Engine(TM) and Empath, a human resource/payroll software, marketed by its subsidiary, NOW Solutions, LLC. Website: www.vcsy.com.
This release contains, in addition to historical information, forward- looking statements. These statements are subject to a number of uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that may cause such a difference include, but are not limited to, competition from other portals, the company's ability to integrate and market SiteFlash or Emily(TM) software, the market reception to VCSY's new products, the potential benefits to customers, the conversion of sales leads into customers, and the ramp-up of ASP users and other factors over which VCSY may have little or no control such as those described in the company's filings with the SEC.
For more information, visit the company's Web site at www.vcsy.com.