Check this out people :
Info on IFLY from the IPO:
800 Travel Systems, Inc.
Description:
800 Travel Systems aims to find its customers the cheapest seats in the skies. Through
its easy-to-remember toll-free numbers 1-800-LOW-AIR-FARE is one) the
company's agents help budget travelers nail down the lowest available air fares, using
the SABRE travel reservation system. 800 Travel Systems generates revenue from
commissions on air travel arrangements; fees charged to customers; promotions with
hotel, car rental, and leisure companies; and override commissions with Continental,
TWA, United, Carnival, America West, America Trans Air, and Mexicana.
Address: 4802 Gunn Hwy.
Tampa, FL 33624
Phone: 813-908-0404
Fax: 813-908-0080
Web Site: lowairfare.com
CEO: Mark D. Mastrini
CFO: Jerrold B. Sendrow
Fiscal Year End: December
1996 Sales ($ mil.): 3.2
1-Yr. Sales Change: 166.7%
1996 Income ($ mil.): (3.2)
Employees: 184
Company type: Public
Filing date: June 2, 1997
Date went public: January 15, 1998
Shares offered (mil.): 1.35
Post-offering
shares (mil.): 7.693
Offering amt. ($ mil.): 6.8
Proposed offer price: $5.00
Actual offer price: $5.00
First day open: $5.47
First day close: $5.75
Ticker Symbol: IFLY
Exchange: Nasdaq (SC)
Underwriters: First London Securities Corporation
*** Notes:
- 1997 sales = 8.3 million, a 164% increase from 1996 sales.
- 1996 sales = 3.2 million, a 166.7% increase from 1995 sales.
Average growth of 165% in 2 years in a row!!!
Company is about to break even in 1997.
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Comparison with PTVL:
PTVL:
- 1997 sales: 13.6 million
- 1997 losses: (8.06 million)
- Share price: ~ $33.0
- Market cap: 389 million
IFLY:
- 1997 sales: 8.3 million
- 1997 losses: (262,505)
- Share price: ~ 5.0
- Market cap: 39.9 million |
