TRAVELBYUS VERÖFFENLICHT 9 MONATSZAHLEN - 500 Beiträge pro Seite

[nightwing]

Guten morgen zusammen, lest euch nachfolgende mail von value-relations mal durch, ich finde das hört sich ganz positiv an ( ist nur ziemlich viel Text, hab ich deshalb nicht in einen der anderen Threads gepackt)


Sehr geehrte Aktionäre und Interessenten,

anbei finden Sie bitte die 9-Monatszahlen mit Erläuterungen von
Travelbyus.com.

Bei weiteren Fragen, Erläuterungen etc. wenden Sie sich bitte an Herrn
Pickert (ich habe eine Woche Urlaub, bin dann aber wieder für Sie jederzeit
zu sprechen).

Ein schönes Wochenende wünscht Ihnen,

Ursula Fessele
IR Manager

Value Relations IR Services
Tel.: [phone]
Fax.:[phone]


In June 1999, travelbyus management was granted approval by its shareholders for the change in direction of the Company’s businesses. The Company’s management team set about building one of the most unique travel companies in the industry today. It is now recognized by its competitors as being a significant contender.

While our e-commerce competitors were developing pure internet strategies that took advantage of the “dot-com hysteria”, travelbyus was concentrating on acquiring traditional product content, marketing and distribution channels that could be integrated into the dot-com world. In short, its model was built around the “bricks to clicks” program.

In the past 12 months the market has moved from “dot-com hysteria” to “dot-com paranoia”, with many analysts predicting as high as 75% failure rates for pure e-commerce models. Recognizing this panic, management of travelbyus had the opportunity to acquire many “best of the breed” technology solutions. This strategy allows our company to integrate leading technology components such as Epoch’s ERA booking engine, Clinic@home medical services, and our Travel Vault, complete with very powerful search engines like ITA and our recently announced i-3 wireless solution. The integration of this technology allows target marketing of our proprietary products to both our agents and consumers just in time for the high volume purchase periods. These key technology solutions were purchased at a fraction of the cost of what we would have otherwise paid because of the markets current dot-com paranoia phase.

The Company, for the past several months, has been integrating these key technology solutions into its website and anticipates initial release to the marketplace by the end of September. This initial release will allow the Company to begin to tap the $7 billion in travel sales its agency base controls. In short, we believe the evolution happening in the travel industry today is moving towards the travelbyus model.

Integration costs and impact on today’s losses and future profits

travelbyus’ management realizes that the integration costs of pulling all of its businesses together is high and time consuming. The Company is tracking approximately 60 days behind its internal schedule. However, the majority of the restructuring is largely completed. By September 30th, we will have integrated 16 separate business locations into three main centers (Reno, Nevada with subsidiaries in Florida and California). Fiscal year 2000 has been a high cost building year. The Company’s revenues have remained flat, as we have deferred consumer-marketing programs until the process of integration is complete. Great expense and efforts have gone into the development of a leading edge call center along with the training of support staff and a skilled management team to carry out our tasks for years to come.

The Company does not capitalize many of these costs on its balance sheet. Instead it has expensed them in the current year. This investment should however reap huge dividends for our shareholders in 2001 and beyond. While this process has been taking place, we have continued to serve our customers through multiple locations resulting in the company continuing to incur double overheads. This will be eliminated upon final consolidation by September 30th. These double expenses are non-recurring.

Our proposed merger with Aviation Group and the U.S. base it affords should give travelbyus access to the large U.S. capital markets. Our Company is truly becoming global. While the costs to complete this merger are approximately $3 million, this investment is one we make in our future in order to position us on an equal footing with our key competitors so we may take advantage of capital markets and maximize value to our shareholders.


Management Discussion & Analysis

Results of Operations
In 1999, the Company changed its fiscal year end to September 30 to synchronize the fiscal periods of the Company and its subsidiaries. Accordingly, these financial statements compare the results for the nine months ended June 30, 2000 with the nine months ended September 30, 1999. Certain comparatives have been restated to reflect the current period presentation.

Revenues
For the nine months ended June 30, 2000, travel sales revenues were $9,844,756 on gross bookings of $43,634,174, associate marketing program revenues were $485,014, advertising revenues were $462,444, and technology revenues were $1,223,959. Since none of the Company’s travel acquisitions were completed until the fall of 1999, there are no comparable amounts for travel, associate marketing, advertising and technology revenues for the nine months ended September 30, 1999.

Interest and other revenues for the nine months were $308,358 compared to $6,972 for the nine months ended September 30, 1999. The increase is due to the Company holding significantly higher cash balances raised from the Company’s equity financings during the period.

Expenses
General and administrative expenses increased $15,523,196 from $1,108,370 for the nine months ended September 30, 1999 to $16,631,566 for the nine months ended June 30, 2000. The increase in expenses is due primarily to the decision to take the Company in a new direction as a travel company. During the period, the Company decided to center its operations in Reno Nevada. As a result of this decision, staffing levels have been increased significantly in Reno in anticipation of the higher sales volumes to be realized in connection with the completion of the website booking engine. The completion of the booking engine is scheduled for late 2000.

In February 2000, the Company announced a binding letter of intent to merge with Aviation Group Inc.(Aviation), a U.S. NASDAQ-listed company. The Company is currently working with Aviation to obtain shareholder and requisite securities approval for the merger. The costs to date, which have been included in general and administrative expenses, are approximately $1,307,000.

The Company incurred advertising expenses of $2,729,959 (1999 - $nil) as the travelbyus brand name was introduced to the trade only with the brand names currently used by the Company’s operating divisions. Amortization expenses of $1,033,855 (1999 - $45,903) included $390,278 related to capital and intangible assets and $643,577 related to deferred finance costs. Both amounts have increased significantly over the prior period as a result of the Company’s investment in new subsidiaries and related financing. The Company has also accrued $390,000 (1999 - $nil) for anticipated expenses in connection with the integration of operations at the Company’s new state-of-the-art call center in Reno.

Interest expense of $1,070,937 ($1999 - $92,137) was incurred as a result of the Company’s $11.95 million debenture financing in September 1999.

Net loss
The consolidated net loss before goodwill amortization for the nine months was $15,644,865 ($0.24 per share) compared to $1,563,624 ($0.05 per share) for the nine months ended September 30, 1999. Goodwill amortization related to the Company’s recent acquisitions was $5,446,475 for the period or $0.08 per share. Accordingly, the consolidated net loss for the nine months was $21,091,340 ($0.32 per share) compared to $1,563,624 ($0.05 per share) for the nine months ended September 30, 1999. The increased loss was due to the significant expenses incurred to move the Company into the travel sector.

Liquidity and Capital Resources
Financing for the Company’s acquisitions and operating expenses was received from a private placement of special warrants to raise $20 million and a private placement of common shares to raise an additional $20 million. The Company has also raised $4.5 million from the issuance of a convertible debenture to Travel24.com, a Frankfurt-listed travel company, and $2.9 million from the issuance of a promissory note to Aviation. In addition, the Company received $5.6 million from the exercise of stock options and share purchase warrants.

The Company has invested $6,695,392 (U.S. $4,600,000) in Series B Preferred Shares of Aviation. The preferred shares have an annual dividend rate of 12% and may be repaid at the option of Aviation after February 28, 2001.

The Company also holds 639,912 common shares of Scorpion Minerals Inc., which have a market value of approximately $383,000 as of August 21, 2000, and equity mutual funds with a current market value of approximately $800,000.

Management believes that the Company has sufficient resources from existing reserves and ongoing operations to satisfy ongoing cash requirements for operations, website costs, planned acquisitions and material commitments. Additional acquisitions will require the Company to raise additional funds through debt or equity financings or through the sale of its investments. In the event sufficient financing is not available, the Company may be required to postpone its acquisition activity. Management believes that it has already acquired the key operating companies required to substantially complete the travelbyus business model. Although future acquisitions could improve the operations and add important content to the website, in the opinion of management, no acquisition is critical to the success of the model.

travelbyus.com, ltd.
Consolidated Balance Sheets
As at June 30, 2000 and September 30, 1999
(in Canadian dollars)
(Unaudited – Prepared by management)




June 30,
2000 September 30,
1999
ASSETS

Current assets
Cash and cash equivalents $ 12,246,675 $ 3,256,021
Accounts receivable 3,062,483 49,004
Notes receivable 259,000 --
Inventory 797,399 --
Media and travel credits 606,508 --
Marketable securities 1,039,223 230,984
Prepaid expenses 273,580 1,500
18,284,868 3,537,509

Restricted cash 1,145,941 --

Deposits paid for acquisitions 576,800 436,354

Funds in trust 31,073 7,200,000

Investments 6,695,392 --

Deferred financing costs 611,109 1,254,686

Deferred acquisition costs -- 194,281

Software costs 2,100,000 --

Programming library 10,499,639 --

Capital assets 3,938,139 78,638

Other intangibles 1,184,143 --

Goodwill 78,941,449 --

$ 124,008,553 $ 12,701,468






travelbyus.com, ltd.
Consolidated Balance Sheets .... continued
As at June 30, 2000 and September 30, 1999
(in Canadian dollars)
(Unaudited – Prepared by management)


June 30,
2000 September 30,
1999

LIABILITIES

Current liabilities
Bank indebtedness $ 591,950 $ --
Accounts payable and accrued liabilities 5,881,069 519,357
Accrued interest 365,935 --
Customer deposits 580,770 --
Income taxes 311,914 --
Short term loans 739,650 --
Deferred revenue 30,977 --
8,502,265 519,357

Debentures 9,456,000 11,950,000

Due to Aviation Group Inc. 2,921,618 --

Due to Travel24.com 3,500,088 --

24,379,971 12,469,357

SHAREHOLDERS’ EQUITY

Share capital
Authorized – Unlimited number of common shares without par value
Outstanding – 80,600,066 shares
(September 30, 1999 – 41,539,178 shares) 114,473,185 13,455,268

Share capital to be issued 2,920,000 --

Special warrants 19,250,000 --

Warrants and other equity 5,819,449 236,102

Cumulative translation adjustment 83,855 --

Deficit (42,917,907) (13,459,259)

99,628,582 232,111
$ 124,008,553 $ 12,701,468

APPROVED BY THE DIRECTORS:

____”Bill Kerby”__________ ____”Michael Farrugia” ______



travelbyus.com, ltd.
Consolidated Statements of Loss and Deficit
For the nine months ended June 30, 2000 and September 30, 1999
(in Canadian dollars)
(Unaudited – Prepared by management)

Nine months ended
June 30,
2000 September 30,
1999
Revenues
Travel sales $ 9,844,756 $ --
Associate marketing programs 485,014 --
Advertising 462,444 --
Technology sales 1,223,959 --
Interest and other 308,358 6,972
12,324.531 6,972
Direct costs
Cost of travel sales 3,595,868 --
Cost of advertising 571,645 --
Cost of technology sales 1,115,272 --
5,282,785 --

Gross profit 7,041,746 6,972

Expenses
General and administrative 16,631,566 1,108,370
Advertising 2,729,959 --
Amortization 1,033,855 45,903
Capital taxes 286,471 --
Interest expense 1,070,937 92,137
Foreign exchange 23,977 (2,323)
Loss on sale of capital assets -- 1,654
Recovery of marketable securities -- (51,809)
Restructuring costs 390,000 --
Website costs 943,021 362,434
Write-off of capital assets -- 14,229
Write-off of mineral properties -- 1
23,109,786 1,570,596

Loss before taxes and goodwill amortization (16,068,040) (1,563,624)
Income tax recovery 423,175 --
Loss before goodwill amortization (15,644,865) (1,563,624)
Goodwill amortization (5,446,475) --
Loss for the period (21,091,340) (1,563,624)
Deficit – beginning of period (13,459,259) (11,870,635)
Share issue costs (8,367,308) (25,000)
Deficit – end of period $ (42,917,907) $ (13,459,259)

Weighted average number of shares outstanding 65,203,705 31,781,090

Loss before goodwill amortization per share $ (0.24) $ (0.05)
Goodwill amortization per share (0.08) --
Loss per share (0.32) (0.05)

Supplemental financial information
Gross travel sales $ 43,634,174 $ --


travelbyus.com, ltd.
Consolidated Statements of Cash Flows
For the nine months ended June 30, 2000 and September 30, 1999
(in Canadian dollars)
(Unaudited – Prepared by management)

Nine months ended
June 30,
2000 September 30,
1999

Operating activities
Net loss for the period $ (21,091,340) $ (1,563,624)

Adjust for non-cash items:
Amortization 1,033,855 45,903
Goodwill amortization 5,446,475 --
Deferred income taxes (296,927) --
Loss on sale of capital assets -- 1,654
Recovery of marketable securities -- (51,809)
Write-off of capital assets -- 14,229
Write-off of mineral properties -- 1
(14,907,937) (1,553,646)
Non-cash working capital items 5,260,308 424,391
(9,647,629) (1,129,255)

Investing activities
Cash paid for acquisitions, net of cash received (17,456,692) --
Deposits for acquisitions (576,800) (436,354)
Deferred acquisition costs -- (194,281)
Investments (7,277,600) --
Sale of investments 582,208 --
Restricted cash (939,769) --
Capital assets (2,621,577) (82,271)
Programming library (744,507) --
Funds in trust (10,432) (7,200,000)
(29,045,169) (7,912,906)

Financing activities
Issue of special warrants 20,000,000 --
Private placements 17,396,500 1,200,000
Subscriptions received 2,920,000 --
Exercises of options and warrants 5,597,377 185,000
Notes payable 7,359,518 --
Issuance of debentures -- 11,950,000
Repayment of debentures (2,494,000) --
Share issue costs (3,034,948) (25,000)
Deferred financing costs -- (1,057,559)
Bank indebtedness (144,850) --
47,599,597 12,252,441

Cumulative translation adjustment 83,855 --

Increase in cash and cash equivalents 8,990,654 3,210,280
Cash and cash equivalents – beginning of period 3,256,021 45,741
Cash and cash equivalents – end of period $ 12,246,675 $ 3,256,021




travelbyus.com, ltd.
Consolidated Statements of Cash Flows
For the nine months ended June 30, 2000 and September 30, 1999
(in Canadian dollars)
(Unaudited – Prepared by management)


Nine months ended
June 30,
2000 September 30,
1999

Supplemental cash flow information

Non-cash investing activities
Common shares issued in connection with acquisitions (65,511,938) --
Common shares issued in connection with asset purchases (10,943,827) --

Non-cash financing activities
Compensation warrants issued for private placements 5,332,360 236,102
Compensation warrants issued for asset purchases 131,450 --

euch allen einen schönen Wochenanfang,steigende Kurse....
und staylong in TBU

gruß nichtwing

[bavariapower]

Hi nightwing !!!


Danke für das Posting !!
Kleine Bitte: Könntest Du vielleicht ne kleine Kurzzusammenfassung reinposten für
diejenigen, die in ihrer Mittagspause nen Blick reinwerfen ??

Danke, Gruß bp

[ass3000]

Hallo,
Ich habe auch soeben die Zahlen Value Relations bekommen, aber was
nützt mir das Ganze in Englisch. Es wäre schön wenn man das Ganze mal
inhaltlich in Deutsch wiedergeben könnte (ist eigentlich die Aufgabe von Value Relation).

[Pufo]

habe eben ne mail an Guido Pickert (Kollege von Ursula Fessele bei IR) geschickt, um bezueglich der 9-Monatszahlen tiefergehende Infos zu gewissen Positionen zu erhalten. Werde diese dann posten sobald ich sie habe.
Doch aktuell siehts ja auch in Canada wieder besser aus.
Bei 1,71 CAN $ gabs vorhin ne Order von 11000 Stueck; momentan stehen sogar 1,75 CAN $ im ask gg.ueber 1,72 $ im bid. Letzter Kurs 1,75 $.
Dies sind wiederum 1,34 Euro.
Nachdem ich seit meinem Einstieg damals bei 2,95 Euro und einem verpennten Ausstieg bei 3,50 Euro mittlwerweile zweimal nachgekauft habe, warte ich nun wieder auf rosigere Zeiten; doch bei den anstehenden Ereignissen in den kommenden Monaten sollte wir schon bald bessere Kurse sehen.
Bis bald.

Pufo

[bill bo]

wer kann denn die 9 monatszahlen mal kurz und knapp übersetzen?
wart jetzt schon 2 tage. um ehrlich zu sein bin ich zu faul, den
langen text zu überarbeiten.
ich danke allen profis vorab
bill bo