CharterAuction.com Creates An 'Own And
Fly Your Super-Light Jet For Free' Program
Online Exchange For Jet Charter Pricing Predicts
Strong Demand For Super-Light Jet Taxi Service
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Quincy, MA � August 2002 � CharterAuction.com, the only comprehensive online site for affordable private aircraft charter, announced the launch of its Super-Light Jet Management Program. The new program enables owners of the new and revolutionary class of super-light jets to effectively own and fly the aircraft for free.

�Our new management program guarantees charter income for owners of the new aircraft making them more affordable,� said Nate McKelvey, President and CEO of CharterAuction.com. � It is my hope that with our new program, the Eclipse 500 and Safire S-26 aircraft will have a greater chance of success.�

The management program offers owners of the new super-light jet models guaranteed charter income equal to the cost of their interest payments for the purchase of the aircraft. CharterAuction.com will provide professional, high caliber charter operators to manage and pilot the aircraft for use in the CharterAuction.com network.

�We will guarantee enough charter income to cover costs, but I would predict strong demand for the aircraft far above our minimum guarantee,� McKelvey continued. �Most of our current customers will enjoy flying at half the cost of traditional aircraft charters, and I would expect our current volume of $1,000,000 per month to triple with the new pricing structure during the first year of operation.�

Through CharterAuction.com's Share-a-Jet Program, charter clients can reserve private planes or search for individual air charter seats, and realize 50 percent savings or more per trip. CharterAuction.com services are available 24 hours a day, seven days a week, by visiting the company web site, www.charterauction.com, or calling 1- 800-370-7719.

About CharterAuction.com
CharterAuction.com is an online exchange for jet charter pricing. It offers point-to-point private air charter travel services anywhere in the world, at anytime. CharterAuction.com offers additional services including gourmet catering and door-to-door destination services on its chartered flights. The company was established to provide affordable private air charter travel to first-class business travelers, as well as offer guaranteed, competitive charter flight prices to travel agents and corporate flight departments. Established in 1999 CharterAuction.com is headquartered in Quincy, Massachusetts. For more information, please visit the web site at charterauction.com.

Contact:
CharterAuction.com
Barbara Rudolph
781-229-2886

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�Service of Hospitality 1ST and Subscribing Members�
Placement Dates: 08/24/02 � 10/24/02
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