CHAIRMAN'S LETTER

Dear Clients and Friends,

I am thrilled to announce to you that Tennessee Valley Travel Agency is now an affiliate of Valerie Wilson Travel, Inc. (VWTI) of New York City. Valerie has affiliates and branches throughout the North, Midwest and South. We are their first in Tennessee.

Our decision to join Valerie Wilson Travel, Inc. was made after careful, extensive, and on going research of today's and tomorrow's travel marketplace. In order for us to provide you with the best travel programs and services, we knew it was imperative for us to affiliate with a larger travel concern with a rock solid reputation and one that has the clout and power to help our clients realize the best values and rates with airlines, hotels and resorts, auto rentals, cruises and tour companies for both leisure and business travel globally. By joining with Valerie, we bring New York City strength to the Chattanooga area!

In addition, we are moving our offices from 317 High Street to 3023 South Broad Street, effective January 1, 2008. For many of our clients and friends our new location will be very convenient with much free parking. Please drop by for a coffee, chat and a trip!

Please know how much we appreciate each and every opportunity to help you in your travel needs and dreams.

Sincerely,

L. West Oehmig, Jr.