Mosaic Travel & Tours Inc. corporate update
Mosaic Travel & Tours Inc MOI.A
Shares issued 12,558,380 Feb 25 close $1.00
Mon 28 Feb 2000 News Release
Mr. Malcolm Stone reports
Mosaic Travel & Tours has agreed to acquire the businesses of Campus
Travel, The Day Before Departure Club, Gopaq Holidays, and The Traveller's
Journal, subject to regulatory approval.
Campus Travel
Campus Travel was founded in June 1996 to target young adult travellers
with unique travel consulting and booking services. Such services include
providing information on work, study and volunteer holidays in addition to
booking airfare, car rentals, hotels, rail and tours. As a leader in this
niche market, Campus Travel has been able to capture large student group
travel and prospects interested in unique vacations.
DBD Club
"The Day Before Departure Discount Club" is a service offering its members
notification on seat-sales and discounts on travel such as airfare, car
rentals, hotels, tours and rail. Recipients are notified via fax, phone or
e-mail when a sale from a travel supplier occurs. Membership lasts for one
year.
Gopaq Holidays
Gopaq Holidays is in its start-up phase, and is to represent and sell the
services of adventure tour operators, unique accommodations, volunteer
societies and schools from around the world to Canadians at a wholesale
level.
The Traveller's Journal
The Traveller's Journal is a monthly publication providing a valuable
source of information to prospective travellers. The company has identified
a specific void in the marketplace to become the only free
travel-orientated publication for the consumer in Calgary, Banff, Canmore
and Lake Louise. With a distribution of 10,000 copies to over 500 locations
in the area, travel companies such as car rental agencies, tour operators,
hotels, airlines and tourism boards find it a useful source of advertising
their products to the general public. Mosaic intends to take this
publication national, and to create an on-line version of the publication.
These acquisitions will help provide content and distribution channels for
the companies previously announced e-commerce travel initiatives. Mosaic is
presently in negotiations to significantly increase its travel content and
on-line capabilities, and will advise shareholders shortly. As previously
reported, Mosaic is proceeding to change its name to BookforTravel.Com Inc.
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