The first investment of NEVEQ in Q1 2007 is the travel services portal www.lessno.com. Lessno offers a unique model for online sales of air tickets and other travel services. The customer value proposition is convenience and most competitive price, using a proprietary algorithm to access more than 30 traditional and 75 low-budget airlines.
    The engine has been developed by a group of industry specialists based in the United States and Bulgaria. The base is a platform which has been functioning since 2006 and is directly connected to the booking databases of the airlines. Within seconds, the system is able to select the best travel offers for a given destination.
    The investment of NEVEQ will support further platform upgrades, expansion of the database with new airlines and greater variety of choices for LessNo’s customers. Other low-cost services such as rent-a-car and hotel bookings will be expanded through Q2 2008. As of July 2007, Lessno.com does several thousands of transactions per month and shows consistent ability to return better fares than many established competitors.

    Discount airfare website Lessno.com has signed a distribution partnership with Yahoo! Travel network’s Kelkoo. - The partnership will enable “Kelkoo users in the United Kingdom to access the lowest airfares to Eastern Europe, Japan and other destinations in Asia through Lessno.com.”
    “As an independent discount travel website, Lessno.com is clearly dedicated to serving each of its customers personally,” said Tim Frankcom, European General Manager of Yahoo! Travel. “Customers come to Kelkoo for great prices and wealth of options. Lessno.com helps us deliver on that promise to our customers by giving them the best prices available to Eastern Europe and parts of Asia.”
    Lessno.com is also currently testing a partnership with Yahoo! Farechase in the United States.

    PHILADELPHIA, Pa. --- In preparation for the summer backpacking season and fall study abroad, Lessno.com today offered college students across the country tips on booking travel plans in Europe. Lessno.com is a new discount travel website that specializes in fair fares for students. It does this by utilizing the most innovative new search technology, a friendlier interface and special relationships with airlines that fly to continental Europe.

    SKI RESORTS GEAR UP The leaves haven't even changed color yet in parts of the country, but ski resorts are already getting ready to open. In Colorado, Loveland and Arapahoe Basin are making artificial snow around the clock, while Silverton Mountain has already recorded 3 feet of natural snowfall from a late September storm. And Ski Magazine's October issue has come out with its annual list of the top 10 resorts, with separate lists for ice warriors in the East

    Back in 2002, Stanley Gyoshev and Assen Vassilev set out to launch an easy-to-use online travel reservation site called Lessno.com. Standing out among established players like Expedia, Orbitz and Travelocity may seem next to impossible, but Lessno is gaining ground thanks to "paid search" advertising on the Web.

    Lessno.com, a new discount travel website, was unveiled today as a joint venture of Smart Travel Network and EZsearch. The site, which will compete with Expedia, Orbitz and Travelocity, is designed to keep the best interest of the customer in mind by acting like a personal travel agent. It does this by utilizing the most innovative new search technology and a friendlier interface.