Wolf Industries Inc. Acquires TravelPort Media Inc.
VANCOUVER, British Columbia, Jun 14, 2000 /PRNewswire via COMTEX/ -- Wolf
Industries Inc. (OTC Bulletin Board: WLFN) is pleased to announce that it has
entered into an Acquisition Agreement for all the issued and outstanding shares
of TravelPort Media Inc. In addition the Board of Directors is pleased to
announce that Mr. Ian McMillan, President of TravelPort Media Inc. has joined
the Board of Directors of Wolf Industries Inc.
TravelPort Media is currently installing a network of flat-screen touch-panels
called "TravelPorts" in premier four and five star hotel properties, beginning
with both Orlando, Florida and Anaheim, California, two of the biggest tourist
destinations in the world. McMillan confirms that TravelPort Media has completed
deals with a number of resorts including Hilton, Marriott, Sheraton, and Tempus
Resorts. Advertisers who are participating in the TravelPort marketing program
include some of the most popular attractions and prestigious restaurants.
McMillan states that TravelPort Media generates revenue by producing videos for
tourism related businesses, and by selling full-screen interactive advertising
on the touch-panels. The touch-panels are used as an interactive presentation
device by hotel staff, typically located at the concierge desk. The network of
TravelPorts is accessible for use by the public, providing interactive video
information 24 hours per day, 7 days per week. As well, TravelPort Media will
license other travel related Websites and Internet Portals to access its
streaming video database, providing other travel Websites, in addition to
Travelport.com, with media-rich, high bandwidth content. TravelPort Media plans
to rapidly expand its advertising network to key North American destinations in
Florida, California, the Pacific Northwest as well as New York City and London,
England.
For further information, call Joe Dhami 877-511-5177 toll free, or Email:
invest@travelport.com.
Certain information included in this communication (as well as information
included in oral statements or other written statements made or to be made by
Wolf Industries Inc.) contains statements that are forward-looking, such as
statements related to the future anticipated direction of the Internet industry,
plans for future expansion, various business development activities, planned
capital expenditures, future funding resources, anticipated sales growth and
potential contracts. These forward-looking statements are subject to a number of
known and unknown risks and uncertainties that could cause actual operations or
results to differ materially from those anticipated.
SOURCE Wolf Industries Inc.
CONTACT: Joe Dhami of TravelPort Media Inc., 877-511-5177, or
invest@travelport.com
(WLFN)
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