Looks like they are growing fast but nobody is paying attention. Looking forward to Sept. but taking a hands off approach for now.
Hars Systems Inc -
Hars subsidiary generates more Internet car rental bookings
Hars Systems Inc HSS
Shares issued 15,796,296 1999-06-24 close $0.65
Friday Jun 25 1999
Ms. Vicky Alberto reports
Hars System, through its wholly owned subsidiary VIP International Corporation, for the month of May, 1999, generated more Internet-derived car rental bookings than it received individually from the Amadeus and Worldspan travel agent airline global distribution systems, for the first time in its 20-year history. Kelly Blake, VIP's president was quoted as saying: "This is a monumental event. Non-believers in the Internet and its potential must sit up and take notice when this infant emerging medium outperforms two significant channels of distribution like Amadeus and Worldspan." Amadeus has over 130,000 terminals installed in 44,000 travel agencies around the world, while Worldpan reports more than 50,000 terminals. May's car rental bookings were valued at approximately $520,000 in car rental revenue. Today, approximately 12 per cent of VIP's car rental bookings, or $4.5-million in car rental revenue, is produced through the Internet. This number is expected to reach $9-million by the year 2000. Overall, VIP today generates 6 per cent of its total hotel and car rental bookings, or more than $9-million in hotel and car rental revenue combined, through the Internet. This number is expected to exceed $18-million by the year 2000, and $40-million by 2001. VIP distributes its more than 3,000 hotel and car rental clients through mega-Internet travel sites such as Microsoft's Expedia (www.expedia.com), Travelocity (www.travelocity.com), Worldres (www.placestostay.com), and LeisurePlanet (www.leisurePlanet.com).
Best Regards
KEITH
|
