Good news out for AVGP today, look for it to continue higher. More to come.
(PR NEWSWIRE) travelbyus.com and GenesisIntermedia.com, Inc. Form Advertising
travelbyus.com and GenesisIntermedia.com, Inc. Form Advertising Partnership
WHITE ROCK, British Columbia, March 16 /PRNewswire/ -- travelbyus.com ltd.
(Toronto Stock Exchange: TBU; Frankfurt Stock Exchange: TVB) and
GenesisIntermedia.com, Inc. ("GENI") (Nasdaq: GENI) (Pacific Stock Exchange:
GNS), (Frankfurt Stock Exchange: GIA) announced today that they have formed a
partnership with an initial three-year term. travelbyus.com will be the
exclusive travel company to appear over GENI's CENTERLINQ network of public
access touch-screen Internet kiosks. travelbyus.com, an Internet-based travel
company, recently agreed to merge with Aviation Group, Inc. (Nasdaq: AVGP),
Dallas, Texas.
travelbyus.com expects to generate significant revenue and increase
awareness of its business through its placement on CENTERLINQ, which currently
reaches in excess of 20 million consumers per month. GENI forecasts that
CENTERLINQ will be operational in about 60 shopping malls, up from the current
21, with 100 million consumers per month by the end of the year.
"As travelbyus.com continues on with its aggressive growth strategy, we
are also looking to develop relationships with both traditional and
non-traditional media companies to assist us in our quest to make more people
aware of our Company's travel services," said Bill Kerby, travelbyus.com's
Vice Chairman and CEO.
"Recent developments at travelbyus.com are shaping the company into a
major player in the travel industry, and our new partnership will give them
high-impact exposure in some of the country's most affluent shopping malls and
future locations," stated Ramy El-Batrawi, Chairman and Chief Executive
Officer of GenesisIntermedia.com, Inc.
About travelbyus.com
travelbyus.com is an Internet-based travel company that is integrating
some carefully selected traditional travel companies to give it a significant
competitive advantage on the world wide web utilizing its web site
travelbyus.com.
About GenesisIntermedia.com, Inc.
GenesisIntermedia.com is one of the nation's premier marketing companies
and leading provider of public Internet access portals in shopping malls,
rapidly expanding in the United States and soon into Europe. The company
markets products and services, which it develops, licenses exclusively or
distributes for third parties. The company uses conventional marketing
(network and cable television, radio, newspapers, magazines), as well as
interactive multimedia, the Internet and the company's CENTERLINQ network.
Except for the historical information contained herein, this press release
contains statements that constitute forward-looking statements, as defined in
the Private Securities Litigation Reform Act of 1995. Forward-looking
statements inherently involve risks and uncertainties that could cause actual
results to differ materially from the forward-looking statements. Factors
that may cause or contribute to such differences include, among other things,
the Company's ability to close the proposed transaction. Other risks and
uncertainties include changes in business conditions and the economy in
general, changes in governmental regulations, unforeseen litigation and other
risk factors identified in the Company's public filings under "Risk Factors."
The Company undertakes no obligation to update these forward-looking
statements for revisions or changes after the date of this press release.
SOURCE travelbyus.com ltd.
-0- 03/16/2000
/CONTACT: Bill Kerby of travelbyus.com, 604-541-2400,
bkerby@travelbyus.com; Robert Bleckman of GenesisIntermedia.com, 818-902-4397,
robertb@genesisintermedia.com; in North America: Barry S. Kaplan of Barry
Kaplan Associates, 732-747-0702, smallkap@aol.com, for travelbyus.com; in
Europe: Christoph Bruning, 49-61-96-88-00-210, cbruening@vmr.de, for
travelbyus.com/
/Web site: travelbyus.com
(TBU. GENI AVGP)
CO: travelbyus.com ltd.; GenesisIntermedia.com, Inc.; Aviation Group, Inc.
ST: British Columbia
IN: LEI MLM
SU:
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