SAN FRANCISCO, June 13 /CNW/ - WeatherBill (www.weatherbill.com), the
world's only online weather risk management service, announced today the
company has entered into an agreement with itravel2000.com, Canada's largest
online travel retailer, to provide coverage for Canada's biggest travel
promotion, "Let it Snow". Under the terms of the agreement, WeatherBill will
provide up to $100 million CDN in snow coverage, slated to be refunded to
itravel2000 customers if it snows 5 inches or more at Calgary, Halifax,
Montreal or Toronto airports on New Years Day, January 1, 2008(*).
"This partnership is a milestone in both travel and weather promotions,"
says David Friedberg, CEO of WeatherBill. "Our significant risk capacity and
simple, automated service for managing weather risk and promotions is the
perfect solution for the large scale of 'Let it Snow'. WeatherBill eliminates
the time, expense and hassle of typical promotions - there's no unnecessary
paperwork, redemption process or waiting for payment. itravel2000 simply
purchases coverage in increments to perfectly mirror customer sales, and there
are no upfront set-up costs, administrative fees, minimums or maximums."
Jonathan Carroll, President of itravel2000, said, "We've been looking for
a partner to help us deliver ground breaking weather promotions for some time.
We're delighted with WeatherBill's innovative solution and expect big results.
The universal appeal of weather promotions and the excitement created by
weather make 'Let it Snow' ideal. Best of all, itravel2000 is able to offer a
generous 'full refund' to customers without typical rebate redemption burden.
We can't think of a better way to spread the word about our diverse,
comprehensive and low-cost offerings, while thanking customers for their
Following the announcement, WeatherBill also launched www.weatherbill.ca,
entering the Canadian market with the addition of 98 weather stations to the
WeatherBill coverage network. "Adding Canada to our existing 370 station U.S.
network allows us to immediately fulfill demand from Canadian businesses,
ranging from agricultural growers to construction firms to travel and leisure
service providers. We also move one step closer to providing global coverage
to help businesses everywhere protect against the impact of bad weather," said
WeatherBill, Inc. (www.weatherbill.com) provides the only online service
that allows businesses to protect revenue and control costs from the impact of
bad weather. Founded by CEO David Friedberg and CTO Siraj Khaliq, former
members of the Google team, WeatherBill is funded by New Enterprise Associates
and Index Ventures and is backed by Nephila Capital, one of the world's
largest weather risk and catastrophe reinsurance fund managers.
itravel2000.com (www.itravel2000.com) is Canada's largest online travel
retailer. Over 3 million unique Canadian users a month visit its site to
research and book their travel through the dedicated "Customer Care Centre"
which is staffed by over 100 travel counselors.
(*) Purchases from major tour brands must be made between June 12th and
August 31st, 2007 for travel from November 1st, 2007 through April 30, 2008.
Refunds will be paid if it snows 5 inches or more on New Years Day, January 1,
2008, based on the closest of four major airports; Calgary, Halifax, Montreal
or Toronto. Complete terms & conditions can be found at www.itravel2000.com.
For further information:
For further information: Brenda Given, of WeatherBill Inc.,
+1-415-762-4376, email@example.com; Web Site: