To: Sergio H who wrote (16537 ) 8/25/1999 9:45:00 AM From: Sir Auric Goldfinger Respond to of 29382
Surge: are the Ameboas still "covering" IFLY? What does their august analysis say about this? "CFO Resigns biz.yahoo.com Wednesday August 25, 7:30 am Eastern Time Company Press Release 800 Travel Systems Announces Resignation of Jerrold P. Sendrow as Chief Financial Officer TAMPA, Fla.--(BUSINESS WIRE)--Aug. 25, 1999--800 Travel Systems, Inc. (Nasdaq:IFLY - news) a leading provider of a full range of travel related products and services announced Wednesday that Jerrold P. Sendrow has resigned his position as Chief Financial Officer. Frank Zhao, Vice President and Controller will serve in an interim capacity while the appointment of Mr. Sendrow's replacement is concluded. 'Mr. Sendrow has done an excellent job of guiding the financial affairs of the company since our inception in November of 1995.' Said Mark D. Mastrini, President and CEO of 800 Travel Systems. 'We are pleased with his willingness to serve and wish him the very best in his future endeavors.' Mr. Sendrow has served as the Company's Chief Financial Officer, Vice President-Finance, Treasurer, and Secretary since the incorporation of the Company in November of 1995 and served as a director from inception until July 1997. About 800 Travel Systems 800 Travel Systems is a leading provider of a full range of travel related products and services in the United States. We provide low-priced travel services through our easy to remember toll free numbers '800-LOW-AIR-FARE' (800-569-2473) and '800-FLY-4-LESS' (800-359-4537) in addition to our on-line reservation system located at lowairfare.com . Forward-looking and cautionary statements: This press release contains statements which may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. This press release may include forward-looking statements that do not refer strictly to historical results or actions, which although believed to be reasonable, are inherently uncertain and difficult to predict. Such statements are subject to certain risks and uncertainties inherent in the Company's business and investors and prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those projected as a result of various factors. Those factors, risks, and uncertainties include: -- Competitive factor and/or pricing pressures; -- The Company's relationships with various airlines; The Company's ability to identify, acquire and integrate other technologies or acquired companies; Changes in business conditions affecting the Company's financial position or results of operations which significantly increase the Company's working capital needs; Economic conditions impacting upon the success of the airline and industry generally; Continued acceptance of the Company's products and services; -- New products and technological changes; General economic risks and uncertainties and other such risks as we may identify in this release or in other published documents; The inability of the Company to successfully utilize the 'live-agent' interaction to grow the Company, or to positively impact revenues or margins; The development and use of 'live-agent' interaction by competitors; and The inability to effectively utilize 'live-agent' interaction on the website by a broader number of agents and the ability to achieve the level of results experienced in early limited implementation; and other factors as set forth from time to time in the Company's filings with the SEC including its recently filed form 10-QSB. The Company undertakes no obligation to publicly update or revise the forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events. --------------------------------------------------------------------- Contact: 800 Travel Systems, Inc., Tampa Investor Relations: Jonathan Leibensperger, (877) IFLY-INFO E-mail: ir@lowairfare.com Website: www.lowairfare.com