TRIP was as high as 3.75 yesterday on heavy vol and closed at 3.25...this release out today and stock is at 3.00/3.25 on approx 25,000... gpg
Affinity International Travel Systems Forms Alliance With Ten Billion Dollar Consortium Travel Lines Express
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Jan. 21, 1999--Affinity International Travel Systems Inc. (OTC BB:TRIP) Thursday announced that it has become a preferred supplier to Travel Lines Express, a ten billion dollar consortium with over 4,300 travel agencies nationally.
The alliance with Travel Lines Express, the largest travel agent consortium in the country, is expected to bring unprecedented growth to both companies.
Daniel G. Brandano, chief executive officer of Affinity, commented, ''Given the magnitude of our recent acquisitions combined with our new Internet presence, the partnership with Travel Lines Express and its 4,300 travel agency retail locations is exactly what we needed to support our own staff and handle all the new product lines that we have.''
Affinity International Travel Systems is a holding company that has, over the past two years, developed a technology platform in conjunction with The Sabre Group (NYSE:TSG - news), and Internet strategies designed to allow quick integration of acquisitions, dramatically cutting their operational costs while increasing their revenues and profitability.
The company plans to continue its dramatic growth by aggressively seeking out acquisition candidates while providing competitively priced, specialized services to travel agents.
Note to Editors: Forward-looking statements in this release are made pursuant to the ''safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition, new products and technological changes, the company's dependence upon third-party suppliers, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
Contact:
Affinity International Travel Dan Brandano, 813/896-1513 ceo@sunstyle.com www.affinityinternational.com or HKT Investor Relations, 602/446-8640 Fax 602/731-9565 hktir@aol.com
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