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1/12/00 - Revenge Marine Inc. Completes Acquisition of JR Solutions, Inc.
MIAMI, Jan 12, 2000 (BUSINESS WIRE) -- William C. Robinson, President of Revenge Marine, Inc. (OTCBB:BOAT ), is pleased to announce that Revenge Marine, Inc. Nevada has closed the stock exchange agreement between JR Solutions, Inc. Delaware and Revenge Marine, Inc. JR Solutions, Inc. also entered into a letter of intent to purchase Preferred Travel and Tours, Inc. The combination of Preferred's upscale travel company and JR's user friendly software should create this millennium's premier travel website.
The management team of JR has been researching user friendly systems, with the goal to bring travel to a new level of convenience. Researching the ticket prices, locations and excursion services are the most costly aspects of travel companies. JR researchers are developing software that will sort hotels, services ticket and times at the click of a button. In addition JR's software will allow the user to view live as well as full motion video feeds of destinations and activities.
JR has also decided to open two new cellular phone technology divisions. These will be to continue development in personal cellular for both business and international traveler. This is to expand the use of personal communication and data forwarding service to be provide to their clients.
With the closing of J R Solutions Revenge is rapidly moving into the e-commerce of retail travel and personal communications. Preferred travel will market exclusive travel with personalized service and easy to use web access. 'The move to online travel and consumer related service is accelerating at a rapid pace. JR plans to install Kiosk in malls as well as acquire strategically located storefronts to bring leisure activities to a new level of convenience. "The current, competition Priceline.com, Nasdaq:PCLN, Expedia.com and Ebookers.com to name a few, illustrate the publics desires to use online travel services with even more personalized types of service. " Stated William Robinson, President and CEO of Revenge Marine, Inc.
Revenge is a developmental stage holding company that intends to make strategic acquisitions in the travel, communication and recreation business. Revenge will leverage its international relationships in this area to create a unique business-to-business e-commerce Internet site, as well as related sites for consumer and recreational enthusiasts.
FOR SHAREHOLDER INFORMATION CALL STOCKBROKER RELATIONS AT 1-800-546-7950
Information in this press release contains "forward-looking statements." These statements involve risks and uncertainties that could cause actual results to differ materially. There is no assurance the above-described events will be completed. There can be no assurance of the ability of the company to achieve sales goals, obtain contracts or financing, consummate acquisitions or achieve profitability in the future. The above and additional factors are discussed in detail in the Company's filings with the S.E.C.
Copyright (C) 2000 Business Wire. All rights reserved.
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CONTACT: Revenge Marine, Inc., Miami
William C. Robinson, CEO
305/643-0334 ext. 127
WEB PAGE: businesswire.com
GEOGRAPHY: FLORIDA
INDUSTRY CODE: E-COMMERCE
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