Budgethotels Network, Inc. provides services for the 'budget' traveler, primarily through two compatible networks; (1) Reservation Centers, and (2) Online Travel Reservations. (1) Reservation Centers - Advertising is sold by the Company on its illuminated Reservation Center boards to travel industry suppliers, primarily hotels. These boards are presently located in 86 transportation terminals placed under long term, exclusive agreements with Greyhound, Amtrak, Via Rail and the New York Port Authority. These boards at current utilization rates of 25% are generating more than 600,000 room night bookings annually and the Company is test marketing additional methods to increase their revenues from this source. (2) Online Travel Reservations The Company's primary website, www.budgethotels.com, features more than 45,000 hotels, motels, youth hostels and bed & breakfast locations across the USA, Canada and throughout the world.