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Gold/Mining/Energy : Cambridge Minerals Ltd.---CBM -- Ignore unavailable to you. Want to Upgrade?

To: Wayne J. who wrote (119)	6/14/1999 6:59:00 PM
From: Nextnet	Read Replies (1) \| Respond to of 166

Did anyone see this write-up in the National Post last friday? Chasing a slice of online travel action Canadian firms cash in: Size of market expected to triple by 2002 Thomas Hirschmann Financial Post Illustration by Jeff Wasserman Two small Canadian companies are taking nascent steps into the online travel sales market. And it's big business, according to Jupiter Communications, a New-York-base new-media research firm. Jupiter says purchases of online travel in the United States jumped by more than 130% in 1998 to $2.1-billion (US). Jupiter estimates that by 2002, online travel purchases will have grown to $11.7-billion (US), more than triple the 1998 figure. One of the top players in the sector, Microsoft Expedia, now generates more than $16-million (US) a week in revenue. But even big online agencies like Expedia and Travelocity (operated by the Sabre Group) have yet to make a profit. "We're not trying to compete with Expedia," says Barry Girling, manager of corporate development for Cambridge Ventures Ltd., which is launching discovercanada.com. "We're focused on top-end Canadian tourism." The Vancouver-based firm has payed $40,000 out of the $100,000 it owes to REALM Group Inc. for its 49% interest in Discover Canada Online. The Web site, which Cambridge hopes to launch on Canada Day, will provide information about Canadian tourist destinations. Web surfers can then book all-inclusive vacation packages online or through an American Express Co. travel agent. Mr. Gilprin says that Discover Canada is looking to attract people that are specifically interested in Canada as a place to visit. So far, the company only has one tour package supplier -- Rocky Mountaineer Rail Tours. Mr. Girling says that Cambridge is in discussions with other suppliers. Cambridge estimates that it will make $25-million in revenue in 2000. Cambridge shares (CBM/ASE) shot up 260% in late March but have since fallen back. They closed yesterday up 1¢ at 16¢. Travelbyus.com Ltd. is taking an international approach. This time last year it was a junior mining company called LatinGold Inc., operating in Mexico, Venezuela, and Columbia. The company recently shifted its operations to the full service Internet travel business and its stock will begin trading today on the Toronto Stock Exchange under the new symbol (TBU/TSE). "The company moved away from an underperforming area to an area where there is tremendous growth potential," says Peter Adam, the firm's vice-president of operations. LatinGold shares jumped more than 1000% before the April 16 news in its change of focus. Travelbyus says it intends to be a one-stop travel shop. "We want to make travel more simple, and more friendly for the consumer," says Mr. Adam. The new Internet ventures will be joining Uniglobe Travel Online Inc. (UTOb/VSE) on the Canadian online travel scene. UTO went public in October 1996, and achieved sales figures of $1-million in 1997 and $10-million in 1998. It projects that sales will reach $100-million this year. Still, UTO shares have had a rocky ride, falling 35% since May 21. They closed yesterday down 10¢ at $4.60 "We're working towards becoming a big player in the U.S.," says UTO's spokesman Stephen Lewis. "What's exciting is all the unrealized potential for travel sales on the Internet."

To: Wayne J. who wrote (119)	6/30/1999 2:26:00 PM
From: Spiney	Respond to of 166

Wayne... Help me understand why RG is valued so much higher than CBM... RG has 51% of the Discover Canada website and a printing company or something like that? And they construct websites of course. They have over 17 million shares out giving them a market cap of approx: $8.5 million CBM has 49% of Discover Canada and 11 million shares out. A market cap of aprox: $1.4 million Is RG over valued...or is CBM way under valued right now? Assuming that Discover Canada is the key for both companies the answer seems obvious. Am I missing something here?? spiney

To: Wayne J. who wrote (119)	7/6/1999 1:45:00 PM
From: Spiney	Read Replies (1) \| Respond to of 166

Wayne...help me out - I'm talking to myself! News out - looks like CBM wants to clear up the ownership question! Cambridge provides financing for new Discover Canada Web site Cambridge Minerals Ltd CBM Shares issued 10,915,810 Jul 2 close $0.14 Tue 6 Jul 99 News Release Mr. R.G. McMorran reports The Discover Canada Web site (www.discovercanada.com) was successfully launched July 1, 1999, by Realm Group Inc. The new Web site has been completely redesigned and reprogrammed and features five new travel partners offering dozens of new travel packages as well as Discover Canada Radio, a streaming audio show. Discover Canada offers a unique on-line travel service. Like most Internet travel services, travellers can book their vacation on-line after viewing the concise Best of Canada information offered on the Discover Canada Web site. Unlike other Internet travel services, Discover Canada offers the Discover Canada Travel Desk, part of the American Express Global Travel Network, which provides comprehensive booking services. The Travel Desk, a partnership with Seven Seas Travel Ltd., an American Express travel representative, is a professionally staffed call centre that specializes in Discover Canada Travel Partner packages. This feature offers travellers the opportunity to speak with an experienced travel consultant who can provide expert Canadian destination travel advice. Travellers may then book their vacation either through the Travel Desk or on-line. Joining the popular Rocky Mountaineer Railtours in the Discover Canada Travel Partner program are Princess Cruises, Signature Vacations, Resort Vacations, Mike Wiegele Heli-Skiing and Tamwood International Language Schools. These travel partners offer premier travel packages in the key areas of rail tours, Alaska cruises, golf, adventure, eco-touring, skiing, and English-as-a-second-language training - all major segments of the Canadian destination travel market where total 1998 Canadian tourism expenditures exceeded $47-billion buoyed by double digit growth from U.S. visitors (Statistics Canada March 29, 1999). Additional travel packages are expected to be added on a continuing basis. The redesigned Discover Canada Web site has been developed by Realm Group in conjunction with Seven Seas through financing largely provided by Cambridge to market premier Canadian destination travel packages. Cambridge Ventures maintains the right to earn a 49-per-cent interest in Discover Canada from Realm Group and expects to complete its vesting imminently by making cash payments totalling $50,000 and issuing 500,000 common shares. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com