IFLY Under Accumulation By CEO of Major Travel Firm
He has told us as plainly as he knows: he wants more stock.
What is amazing is that more e-travel investors did not jump in and bid this stock up higher.
Had they done so (instead of just the few IFLY longs and daytraders that followed the stock) then today's pop would have been a lot more significant than 1/2 a point or so.
internetnewsbureau.com
internetnewsbureau.com
First Internet's 1800USAHotels.com does about $70 million per year in gross reservations which is somewhat similar to IFLY (which will probably do a bit more than that for the year just ended).
internetnewsbureau.com
"About 1800USAHotels.com
1 800 USA Hotels is a leader in worldwide discount hotel and travel reservations. With our cutting-edge, interactive online booking engine, we offer incredible savings at over 15,000 worldwide hotels in 1,500 cities and 140 countries. ***With more than 200,000 members, 1800USAHotels.com generates over $70 million in annual revenue, or approximately 1 million rooms per year.***(emphasis added) 1800USAHotels.com strives to fulfill the needs of both business and leisure travelers, providing discount hotels, discount rental cars and discount resorts. Through its strategic partnership with VTS Travel Enterprises, Inc., the nation's tenth largest travel management company, 1800USAHotels.com is able to provide air, cruises, vacation packages, spas, bed & breakfasts and more."
1800USAHotels.com is the largest division of First Internet and accounts for most of their gross reservations.
The reason this is significant is due to Vince Vitti's possible goal of a reverse merger of First Internet Travel with 800 Travel.
twcrossroads.com
"That would set up the prospects of a ``reverse merger,'' which basically accomplishes the same thing as an initial public offering by merging a private company with an existing public company. "
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