TRAVELBYUS der vollständige Bericht mit KZ 11$ - 500 Beiträge pro Seite

[geco]

Travelbyus launches new Web site
Target Price Upgrade
E-Commerce
On Friday, January 21, 2000, Travelbyus launched the initial version of its travel Web site, Travel-by-us.com, which will allow consumers to research, comparison-shop and book all of their travel arrangements entirely online. Although the web site is currently offering approximately 30% of its capabilities — the Company expects the Web site to be fully functional by March 31, 2000 — the Web site`s launch marks an important milestone in the implementation of the company`s online strategy. The travel-by-us.com Web site has already registered significant customer traffic — over 1,500 unique visitors and 500,000 hits during the first day of launch.
Recent Events
Financing/Acquisition. On January 7, 2000, Travelbyus.com announced the closing of its acquisition of Cheap Seats — a Los Angeles-based net airfare consolidator — for a total price of US$10 million in cash and in stock. The cash component for this purchase was obtained through two separate equity financings totaling $30 million in gross proceeds, which closed on December 21, 1999. The financing also strengthens the Company`s balance sheet just prior to the filing of a Form 20-F registration with the SEC, which is expected for early 2000.
Conclusion
We expect Travelbyus.com to announce additional strategic acquisitions and further enhancements to its Web site over the coming months. As part of the Company`s expansion, we believe that TBU will pursue alliances with some or all of the remaining three airline Computer Reservation Systems (CRS) — Sabre, Galileo and Worldspan. The Company currently only has an alliance with Amadeus. We also anticipate a major marketing program aimed at increasing awareness of the company`s offerings through its purchase of 120 previously-produced episodes of their television travel show, Travel Magazine, as well as through Gotham Media, a full-service advertising agency for the airline and hotel industries.
Our previous valuation of TBU was based on a discounted free cashflow model with a discount rate of 30%. Given the recent positive developments and the ongoing marketing efforts, we feel that a reduction in discount rate from 30% to 25% is appropriate. We are maintaining our Buy recommendation and upgrading our 1-year target price from $4.50 to $11.00.

An investment in Travelbyus.com is particularly suited for investors with an above-average risk tolerance, who are seeking a potential for capital appreciation and who have a diversified investment portfolio. Groome Capital.com Inc. acted as a selling agent for the $11.95MM Senior Debenture, which was completed on September 10/99.

—CHRIS BONNET, MBA / CLARENCE REBEIRO, MBA

The information contained within has been obtained from sources which we believe to be reliable, but we cannot guarantee their accuracy or completeness. This report is not, and under no circumstances is to be construed as, an offer to sell or the solicitation of an offer to buy any securities. This report is furnished on the basis and understanding that GroomeCapital.com Inc. is to be under no responsibility or liability whatsoever in respect thereof. The inventories of GroomeCapital.com Inc. and the holdings of its respective Directors and Officers may, from time to time, include the securities mentioned herein. No part of this report may be copied or reproduced in any manner without the prior written consent of GroomeCapital.com Inc.

[geco]

Kurze Zusammenfassung des Gesprächs mit Mr.Adams von heute:

- They just changed attorneys because the current attorny was to slow so they now expect Nasdaq listing in April (they expect Big Board Listing).
- High level talks with some BIG name companies and the deals should be announced whithin the next 30 days.
- Other deals in the works should be announced soon.
- They have enough money and require no more financing in the near distant future.
- Groome Capital report issued today is very conservative.

[bugs]

hey geco,

gute zeit zum posten.

ich hab mir mal den chart angesehen. der deutsche kurs ist jetzt
an der 38 tage line angekommen. schon deshalb sollte es jetzt
wieder bergauf gehen. (einer von vielen gründen)

[Gnumpf]

moin! dann geb ich auch noch meinen senf dazu:
irgendein webdesign-nerd hat gestern in diesem board gepostet, dass die TBU-Seiten eine "Quick-And-Dirty-Solution" seien, dass die *.gif und *.jpg-Dateien statisch wären...bla bla bla
Nun, ich habe diesbezüglich mal ein Mail an TBU geschickt und gerade eben von John Whyte eine Antwort erhalten! Er meint dazu:

I`m surprised to receive an e-mail forward from Peter Adam regarding our site being static. If you navigate to any section of our site you will see an asp tag on the end. There are some pages that are not database driven and that because they are direct URL based, meaning that you do not want to change the address and you do want the page to be cached after the first download. Our site is very database dependant and extremely efficient.

John Whyte
SVP e-commerce


Ich kenne mich in der Materie nicht so aus, allerdings klingt das doch ganz anders! Meinungen ???

bye!
Gnumpf