OneTravel Holdings, Inc. has been notified by the American Stock Exchange ("AMEX") that the Company's common stock will be delisted from AMEX.

This decision was reached after a hearing conducted on March 9, 2006 by AMEX at which the Company presented its reasons for continued listing on the Exchange notwithstanding the Company's failure to comply with the listing requirements as a result of the Company's failure to file its annual report on Form 10-K and Form 10-Q's for the three month periods ending September 30, 2005 and December 31, 2005.

The Company has been advised that its last day of trading on the AMEX will be Friday March 17, 2006. The Company's stock has been trading on the Pink Sheets for in excess of thirty days and as a result of this trading activity, the Company's common stock will continue to trade on the Pink Sheets without interruption after it ceases to be traded on the AMEX. The Company is considering whether it will exercise its rights to appeal the delisting.

The Company plans to hold a conference call open to the public on Tuesday March 21, 2006 at 4:15pm EST.

Commenting on the news, OTV Chairman & CEO William A. Goldstein stated, "Whereas we are disappointed by the AMEX's decision, the delisting is not indicative of the performance of the Company. We have built a formidable business as a pure play online travel company and feel shares of OTV are significantly undervalued in the capital markets. Our bookings have continued to increase month-over-month and we are on track to hit our target of between $300 million and $330 million in bookings for the fiscal year ending June 30, 2006. Our higher margin hotel bookings continue to increase and we are on track to meet or exceed our hotel bookings projections. We have experienced an extraordinary 300% growth in both the number of visitors to our websites, currently at approximately 14 million unique visitors per month, as well as individual searches, currently at in excess of 28 million per month."

Also commenting on the AMEX action, OTV President Marc Bercoon added, "We recently negotiated an extension and waiver with the holders of the Company's $15.6 million Secured Convertible Debentures, and although this action by the AMEX triggers a technical default, recent discussions indicate that this group will continue to work amicably with the Company going forward. We are currently in negotiations to extend the term of the $12.5 million promissory notes currently due to the former shareholders of OneTravel, Inc. We will update the public on the status of these negotiations when they are completed. Overall, we continue to be optimistic and believe these creditors are supportive of our business plans and will continue to work with us. "