Press Release: December 21, 1999

WR Hambrecht + Co Initiates coverage of GetThere.com (GTHR)

Leading B2B provider of Internet-based travel procurement is well positioned
at the intersection of several dynamic trends

San Francisco, CA, December 21, 1999—WR Hambrecht + Co, the online investment bank, today initiated coverage of GetThere.com (GTHR). The full research report can be found at

According to the report, GetThere.com is the market share leader in travel procurement and supply and is well positioned at the intersection of several dynamic trends. The travel market is expanding at a tremendous pace, driven by the growth of business travel. With the Internet’s ability to connect buyers and sellers directly enabling airlines to reduce travel agency commissions, corporations to reduce travel costs, and travelers to easily compare prices, Internet-based travel procurement services will play a principal role in the disintermediation of the industry.

GetThere.com has a recurring transaction-based revenue model, a superior technology platform, blue-chip clients and strategic partners, the ability to move into other vertical markets, and an experienced, capable management team. According to the report, GetThere.com has the ability to become a leading provider of Internet-based corporate and supplier solutions, not only in the travel industry, but in other indirect goods markets as well.

The Company processes travel-related transactions such as ticketing and booking reservations, targeting businesses wanting to control their travel expenses, and travel suppliers wanting to sell via the Web. GTHR’s customers include Chevron, Lucent, Nike, Peoplesoft and Texas Instruments, as well as travel suppliers such as United Airlines, National Airlines, and Lauda Airlines.

"GetThere.com leverages a superior technology platform to enable companies and travel suppliers to dramatically cut costs and improve efficiency," said Zoltan Deak, ecommerce analyst at WR Hambrecht + Co. "We believe that GetThere.com is the leading B2B player in travel procurement and that the long-term opportunity for the Company is substantial."