TSER news, I show after the bell, but I was gone...was it?
BOCA RATON, Fla., Aug 8, 2000 (BUSINESS WIRE) -- Paul Johnson, President/CEO of
eTravelserve.com, Inc., www.etravelserve.com (OTCBB:TSER), has announced that
the company has set closing dates for the following acquisitions: Journey's
Unlimited, Sea Gull Travel, and All Seasons Travel. The dates for the closings
are August 18, 2000; August 22, 2000; and August 25, 2000, respectively. The
company has completed its due diligence, transition planning as well as reached
agreements for the required financing.
"The company has spent considerable time negotiating as well as planning for the
transition of these established companies into the eTravelserve.com network.
Recently, the company reached an agreement to provide the financing for these
acquisitions which was the final step needed to close the transactions. The
three acquisitions will bring approximately $10,500,000 of gross travel industry
sales to the company network. Additional acquisitions are also being finalized
and negotiated as part of the companies strategic acquisition plans," said
Johnson.
eTravelserve.com will be releasing a recorded "Investor Update Call" as of
August 15, 2000 at 2100 EST, which can be accessed at 1-877-213-9653 and
entering code No. 2193973.
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.
CONTACT: eTravelserve.com, Inc., Boca Raton
Paul Johnson, CEO
561/417-3633
www.etravelserve.com
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KEYWORD: FLORIDA
INDUSTRY KEYWORD: E-COMMERCE
INTERNET
TRAVEL
MERGERS/ACQ
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