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Red Branch Technologies Wholly-Owned Subsidiary, Magellan360, Releases Unaudited Financial Performance for 2007; Revenue Up 12 Percent to $22 Million

RESTON, Va., Feb. 5, 2008 (PRIME NEWSWIRE) -- Red Branch Technologies Inc. (Pink Sheets:RBTI) today released the un-audited financial performance of its Trava, Inc. d/b/a Magellan360(tm) subsidiary for the 2007 fiscal year as the company prepares to launch its two highly-anticipated online travel products, mTravel(tm) and my/mTravel(tm), into the market. For the 2007 fiscal year ending in December, the Company's Magellen360(tm) subsidiary increased revenues 11.94% to $21,929,702.00, $.238 per fully diluted share, from $19,591,388 or $.212 per share in 2006 (non-GAAP). Gross margins increased 8.74% in the same period to $1,748,798 from $1,608,308, while fixed expenses increased a modest 2.02% to $1,688,198 from $1,654,816 in the prior year period.

Magellan360(tm) supplies full-cycle booking-to-fulfillment technology and services to more than 125 independent travel professionals and agencies nationwide. Magellan's "touchless" on-line fulfillment technology and agent-based transactions demonstrate its market leading technology and positioning, which will be leveraged to provide the foundation for Red Branch Technologies' soon-to-be-launched mTravel(tm) product -- targeting enterprise corporate travel needs -- and my/mTravel(tm) online product, targeting the underserved needs of the independent business traveler. More information about Magellan360 is available by calling (800) 360-6208 or by www.magellan360.com.

Doug Foran, Red Branch President/CEO, commented, "We are extremely pleased with the year-over-year financial performance of Magellan360(tm). While 12% organic top-line sales growth and only 2% growth in expenses for '07 is solid to say the least, the standalone business is well positioned to dramatically increase revenues and earnings power in the coming 12-months as we add new affiliates into the system, institute new pricing actions and grow fulfillment fee revenue from our new mTravel(tm) and my/mTravel(tm) products when they launch. It is even more encouraging that, going forward, Magellan360(tm) is projected to represent only a small fraction of the revenue and earnings opportunity for the Company. In short, 2008 promises to be a break-out year for Red Branch Technologies and its shareholders."