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Wednesday November 8, 4:40 pm Eastern Time
Press Release
SOURCE: travelbyus.com ltd.
travelbyus.com & Aviation Group Sets Date for Business Combination Vote By Shareholders
DALLAS, and WHITE ROCK, British Columbia, Nov. 8 /PRNewswire/ -- travelbyus.com ltd. (Toronto: TBU; Frankfurt Stock Exchange: TVB) and Aviation Group, Inc. (Nasdaq: AVGP - news) announced today that their registration materials have become effective with the United States Securities & Exchange Commission. Consequently, each company has scheduled a special meeting of shareholders for December 20, 2000 to approve the proposed business combination of the two companies. Approval of the business combination has been unanimously approved and recommended by the boards of directors of both companies. Completion of the business combination is also conditioned on final approval by an Ontario court.

When the combination is completed, travelbyus.com shareholders will own approximately 95% of the combined company, with the remainder owned by Aviation Group shareholders. The name of the combined company will be changed to travelbyus, Inc. travelbyus, Inc. has been assigned ``TRIP`` as its new trading symbol by the Nasdaq Stock Market to become effective when the business combination closes shortly after the shareholder approvals.

Management confirmed today that, if the combination is completed, the combined companies will create a content-rich, e-commerce-based provider of travel services of significant size, with greater access to U.S.-based capital markets. ``The completion of the business combination will allow us to continue aggressively in our quest to build a dominant travel service enterprise``, said Bill Kerby, travelbyus.com and Aviation Group CEO.

The December 20, 2000 meetings will be held in Toronto, Canada (for travelbyus.com) and Dallas, Texas (for Aviation Group, Inc.), both set for 11:00 am Eastern Standard Time. Shareholders of record on October 25, 2000 will be eligible to vote at the Aviation Group meeting, and shareholders of record on November 8, 2000 will be eligible to vote at the travelbyus.com meeting.

travelbyus.com is a clicks and mortar travel company that is integrating carefully selected traditional travel companies into its travelbyus.com website and centralized call center. Through the travelbyus.com Web site, consumers have the ability to book travel reservations worldwide. In addition to offering consumers travel options through the Internet, travelbyus.com also offers the consumer travel options through 1-800-i-travel call centers and traditional travel agencies. Since April 1999, travelbyus.com has focused on completing strategic acquisitions to build the components of travelbyus.com`s business model, which include product offerings, distribution, marketing and technology. travelbyus.com provides a broad range of travel products, targeted primarily at the leisure customer, including airline tickets, cruise packages and ground packages.

Aviation Group provides services and products to airline companies and other aviation firms primarily in the United States. Aviation Group`s businesses consist of painting and paint stripping services for commercial and freight aircraft and the manufacture, sale and repair of aircraft batteries and aircraft and truck weighing scales. Aviation Group`s subsidiary, Global Leisure Travel, Inc., is primarily engaged in the wholesale and retail sale of travel packages for both domestic and Pacific Island and Australian destinations. Travel packages created by Global Leisure include airline tickets, hotel accommodations, automobile rentals and other land components. Global Leisure contracts with vendors and primarily markets the packages directly to retail travel agents.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of any securities in any state or Canadian province in which such offer, solicitation or sale would be unlawful prior to registration or qualification under applicable securities laws. Prospective investors are urged to read the joint proxy statement/prospectus and registration statement filed with the Securities and Exchange Commission by Aviation Group in connection with its proposed arrangement with travelbyus.com. These documents are available for free at the Securities and Exchange Commission`s EDGAR website at http://www.sec.gov and may be obtained for free from Aviation Group upon request.

Except for the historical information contained herein, this press release contains statements that constitute forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that may cause or contribute to such differences include, among other things, the ability to close the proposed transaction disclosed above, dependence on certain vendors, changes in the travel industry, seasonability of business, risk of future losses from operations, regulation and development of the Internet, brand identification of travelbyus.com`s business, declines in travel commission rates, technological changes, the ability to sell all or a portion of Aviation Group`s businesses, environmental regulation and increased competition in the on-line travel services industry. Other risks and uncertainties include changes in business conditions and the economy in general, changes in governmental regulations, and other risk factors identified in public filings by Aviation Group or travelbyus.com under ``Risk Factors.`` Aviation Group and travelbyus.com do not undertake any obligation to update these forward-looking statements for revisions or changes after the date of this press release.

SOURCE: travelbyus.com ltd.

[mis]

So gute News und TBU fällt wieder auf 0,80 can$ von 0,88
Von 10% plus ist nichts mehr übrig geblieben

mis

[gerndi]

Thursday November 9, 1:07 pm Eastern Time

Press Release

SOURCE: travelbyus.com Ltd.

travelbyus Announces Letter of Intent With Amadeus

GDS to Take Strategic Equity Investment

WHITE ROCK, British Columbia, Nov. 9 /PRNewswire/ -- travelbyus.com, Ltd., a vertically integrated travel company, announced today that they have signed a letter
of intent with Amadeus, a leading global distribution system (GDS), by which Amadeus will make a strategic equity investment in travelbyus.

Amadeus, which is also a leading technology provider serving the marketing, sales, and distribution needs of the world`s travel and tourism industries, will purchase a
significant equity capital in travelbyus. In return for this minority ownership position, an Amadeus representative will join the travelbyus board of directors.

``Amadeus` global presence, travel industry relationships, and financial strength will enable travelbyus to dramatically accelerate its business model and compete on a
world stage,`` said travelbyus CEO Bill Kerby.

Additionally Kerby said that as part of this new agreement, travelbyus will become a ``value-added reseller`` of integrated products and marketing services to travel
agents from travelbyus combined with Amadeus GDS services. This will be a significant change in the way that consortia offer products and services to agencies and
will enhance its overall value.

This new agreement intensifies collaboration between the two companies who have worked together since August 1999, with the integration of Amadeus` booking
technology into travelbyus` web site. Closing of the transaction is subject to final terms, regulatory clearance and Board approvals.

Bricks-and-Mortar Travel Agencies Benefit From Partnership

travelbyus is dedicated to becoming the world`s leading, fully integrated travel network, one that creates value by providing more information, greater convenience, and
superior service. Amadeus is committed to ensuring a strong presence in the online travel segment with deals that build content, portal access and technology
enhancements, which benefit travel agencies.

``travelbyus is one of the first North American travel companies to achieve true vertical integration. Their business model proves that travel agents play a key role in
using travelbyus technology and marketing capabilities to promote preferred-supplier products,`` said David V. Jones, Executive Vice President, Commercial, for
Amadeus. ``Our investment in travelbyus demonstrates Amadeus` commitment to technology solutions that help the travel agent compete in the highly competitive
e-marketplace.``

Jones said that a global distribution system like Amadeus has a key role in ensuring that the distribution chain itself remains strong, especially ``with so many new players
entering the travel distribution channel.``

``The travel agency is still very much a vital link in the distribution chain. Consortia, like travelbyus, are representative of the innovative evolution of the travel agency
model,`` said Jones. ``The consortia marketplace, with its successful formula for consolidating and channeling agent distribution of provider products and services is
certainly an attractive and relevant investment for Amadeus.``

travelbyus.com

travelbyus.com (Toronto: TBU; Frankfurt Stock Exchange: TVB) leverages advanced technology and a superior distribution system serving both the travel agent and the
consumer with the right product to the right customer at the right time. The acquisition of GalaxSea Cruises, Cruise Shoppes of America, BTS Cruises, CheapSeats, Mr.
Cheaps and the management of Global Leisure Companies Hawaii Leisure, and Sunmakers give travelbyus.com access to the widest range of air/land inclusive
packages, discounted air fares, and discounts with every major cruise line.

travelbyus.com has partnered with some of the most respected names in the industry to gain access to top-flight products and travel packages, new distribution channels,
and the technology that enables the company to bring it all to market. More than 2,000 travel agency locations will become the main distribution channel for
travelbyus.com products to 20 million consumers. The company`s 800-i-travel call center together with the booming marketplace for online travel completes the
cornerstone of the travelbyus business model: ``Click.Call.Come in.`` Additional information about travelbyus is available at travelbyus.com.

SOURCE: travelbyus.com Ltd.