Thursday April 15, 8:03 am Eastern Time
Company Press Release
SOURCE: Diversicon Holdings Corp.
Diversicon Holdings Corp. Announces Negotiations to Acquire Internet
Travel Search Engine
NEW YORK, April 15 /PRNewswire/ -- Diversicon Holdings Corp., (OTC Bulletin Board: DVSHU - news; the ''Company'') today announced that, the Company is presently in negotiations with a European based company, which owns a host Website/gates travel and leisure information service. Its main objective is to become, on a worldwide basis, the first interactive database of its kind for the travel and leisure industry.
This Website/gates will be similar to those provided by YAHOO, EXCITE, INFOSEEK, INKTOMI, LYCOS, but dedicated to provide Website information and services exclusively for the travel and leisure industry using the principle of gates.
The European Company intends to launch its operations in Europe by the summer of 1999 and has begun to negotiate with existing travel/Internet related companies in the United States in view of
further acquisitions. Today's market value of the Internet related travel and leisure industry is estimated at over $10 billion a year and expected to grow to over $50 billion in the next few years.
The Company will endeavor to capture a large segment of this business in the next few years.
Forward-Looking Statements
Certain of the information set forth herein includes forward-looking statements of the Company.
Such statements are subject to inherent uncertainties and risks that could cause actual events and
results to differ materially from those reflected in the forward looking statements. Factors that could
cause actual results to differ from the Company's expectations include, among others, the
company's ability to succeed in producing a commercially viable product with broad acceptance,
and to generate sufficient working capital.
SOURCE: Diversicon Holdings Corp.
More Quotes and News:
Diversicon Holdings Corp (OTC BB:DVSHU - news)
Related News Categories: computers, internet, leisure/travel
|
