Exclusive Cruises And Resorts Announces Initiation of Coverage by TheSubway.com
PR Newswire - April 21, 1999 08:48
MIAMI, April 21 /PRNewswire/ -- The following was released today by Exclusive Cruises and Resorts:
TheSubway.com, world-renowned website for profiling under-valued Over The Counter companies with enormous growth potential, features a profile on Exclusive Cruises and Resorts (OTC Bulletin Board: XCLU).
Capital Research Group, (Owner of TheSubway.com) recognizes Exclusive Cruises and Resorts for the fact that the company is currently trading below book value. Assets include 90% equity in a vessel called the Aqua Azzurra. This $8.45 million 165 ft. ship based in Miami has 25 suits and luxuriously accommodates 50 passengers. This ship is owned by one of the company's wholly owned subsidiaries, Delta Vacation Properties (Cruise division).
Also owned by the company are Suxess Marketing and Travel, and the Delta Vacation Properties (Resort division) which currently holds an option to purchase 51% of the Hotel Brazil and is negotiating to purchase Club Mykonos in Greece for $2.2 million.
Suxess Marketing and Travel is currently setting up two sales offices (Bayside and Key Largo, Florida) which will be operational in May 1999. Each office will consist of 15 - 20 sales representatives who are expected to sell approximately 800 - 1,000 Club membership packages per year, bringing $5 - 8 million to the company in revenue each year. The packages consist of a points-based system which allow members to use the cruise ship and resorts of the club together with other travel and leisure benefits. Club membership varies from 3 years for $3,000 to 16 years for $8,000. The locations will entail various boutique hotels and cruise ships such as the luxurious Acqua Azzura.
Thesubway.com has been known to profile companies in their early stages such as Anderson Computers/Tidalwave Corp., Chronicle Communications Inc., GLC Limited, Go Call Inc., Pay For View.com and Welcome to Search.com.
Financial statements in this press release other than historical facts are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward- looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected.
SOURCE Exclusive Cruises and Resorts
/CONTACT: Chuck Tamburello, Capital Research Group, Inc., 954-389-5131;
or Steven Trapp, Steven G. Trapp & Company, 888-253-2542, for Exclusive
Cruises and Resorts/
(XCLU)
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