|
TRAVELBYUS.COM ------------------------ Hallo Leute ! ------------------- Hier nochmal News von Travelbyus. Jetzt gibts vielleicht nochmal Themen für den Freitag, ich stells mal rein.Ich habs selbst noch nicht gelesen, News von 22.54 Uhr. travelbyus.com Announces Acquisition of Epoch Technology, Inc.; World Class Tour Booking Engine Available to Website WHITE ROCK, British Columbia, May 24 /PRNewswire/ -- travelbyus.com ltd. (Toronto: TBU; Frankfurt: TVB) is pleased to announce that it has completed the acquisition of Epoch Technology, Inc., (Epoch) a Dallas based Tour Wholesale Software Development Company for a total purchase price of US$10 million, payable US$2 million in cash and 3,200,000 in travelbyus.com common shares at US$2.50 per share. Epoch was formed in 1995 to develop and distribute fully integrated application software capable of meeting the needs of the travel, leisure and hospitality industry in a cost-effective manner by lowering a company`s cost structure while simultaneously improving the service, performance and profitability. Epoch`s real-time reservations, operations and marketing software automates all reservations functions and seamlessly interfaces with major CRS and credit card systems. The software includes an Internet application-programming interface, which provides tour packaging capability for sale of hotels, cars, transfers, air, cruise and assorted events, real-time inventory update, pricing, rule validation and credit card payment. The technology allows for the merging of tour packages with virtual reality touring and video streaming capabilities. Epoch`s tour software, ERA, will facilitate travelbyus.com`s ``3-C`` program -- ``Call, Click or Come In``. Whatever approach a customer chooses, ERA Software will be managing the transactions in the background. This will allow travelbyus.com to dramatically enhance the look and operation of its website as it adds real-time booking functionality for all tour packages and content. John Fenyes, COO of travelbyus.com commented, ``We had been searching for a single robust tour software that provided total packaging functionality in addition to distributing our products via the Web. ERA does all that and allows us a great deal of marketing flexibility``. The simplified graphical user interface front end drastically reduces in-house training while the high performance back end allows the exclusive QuickBooks capability to trim talk time and expedite the booking process. The overall impact will reduce costs while improving customer service. The system will reside on IBM`s top of the line e-commerce server the S-80 located at our new operational headquarters in Reno, Nevada. travelbyus.com will operate Epoch as a separate operating division and will actively market and sell the software to other tour, hotel, timeshare, cruise line and hotel companies. ERA`s comprehensive software suite, uses an advanced Open System, object oriented design, which facilitates the integration of CRS, online credit card processing and other real-time connectivity to external systems. The management team of Epoch, Bobby Sims, President; and Bill Kepke, Chief Technology Officer, will continue with Epoch on multi-year employment contracts. Ron Heuer will join their team in the role of Vice President Marketing and Sales. Ron was past President of Pleasant Holidays and Universal City Travel Company as well as Senior Vice President of Sales for Universal Studios. The acquisition of Epoch will facilitate travelbyus.com`s mission statement of delivering travel products through an easily accessible, integrated distribution system. travelbyus.com is a clicks and mortar travel company that is integrating carefully selected traditional travel companies into its travelbyus.com website http://www.travelbyus.com. The Company`s acquisitions include five tour operators; three travel agency consortiums with over 2700 cruise and travel member agencies; consolidators providing discount airline tickets; a travel television show with an estimated 10,000,000 international viewers, and an advertising and media-buying service. These companies have strong revenues and large existing client bases capable of delivering customers to the travelbyus.com website. As part of the Company`s consolidation process, it will begin to operate its 300 agent, 24 hour a day, 7 days a week, state of the art call center beginning June 1st. These new operations take into account the integration of the Company`s recently announced planned merger with Aviation Group Inc. (Nasdaq: AVGP - news) and its newly merged entity, Global Leisure Travel Inc. Except for the historical information contained herein, this press release contains statements that constitute forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that may cause or contribute to such differences include, among other things, the Company`s ability to close the proposed transaction. Other risks and uncertainties include changes in business conditions and the economy in general, changes in governmental regulations, unforeseen litigation and other risk factors identified in the Company`s public filings under ``Risk Factors.`` The Company undertakes no obligation to update these forward-looking statements for revisions or changes after the date of this press release. SOURCE: travelbyus.com So jetzt werd ich mich mal durchkämpfen, bis später. J.A |
|
| aus der Diskussion: | THREAD-24-10 |
| Autor (Datum des Eintrages): | J.A (24.05.00 23:21:23) |
| Beitrag: | 29 von 147 (ID:983434) |
| Alle Angaben ohne Gewähr © wallstreetONLINE | |