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Click on web site to see presentation site that is being launched with a major ad campaign.
etravelserve.com
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Company Overview:
eTravelserve.com will provide services to the fragmented travel agency industry by providing an interactive interface to introduce travel destinations to prospective travelers. Using sound and video technology as well as complete database applications, eTravelserve.com will provide Internet based travel services not only to the individual traveler, but to the corporate traveler as well. A network of kiosks located in retail environments throughout the world coupled with the most user friendly web based travel program will make eTravelServe.com the most comprehensive travel site in the market today.
Breadth of Services:
eTravelserve.com is not just an online travel booking site. While there do exist a number of sites that offer booking, for the most part, their "breadth of services" ends there. ETravelserve.com differentiates itself from other travel sites by developing the most comprehensive series of services for the travel industry. ETravelserve.com is in fact an online travel agent. Prospective travelers will access the site not only to book travel, but to gather information about destinations, access recommendations; in fact, everything they would expect from a full service travel agent, but available online and accessible worldwide.
Exciting features of the site will allow for the customization of profiles to produce itineraries tailored to individual's preferences. These features will be quite comprehensive, providing the ability to view hotels, preview restaurants in proximity, and access reviews of the hotels and restaurants, as well as information on limo service, business services, and local activities. Furthermore, streaming video can show 360-degree images of destinations such as hotels and resorts, forming a complete information and virtual presentation source for all the needs of individual and corporate travelers. To get a preliminary illustration of the magnitude of these features and services, it is highly recommended that interested parties experience the 4 to 5 minute presentation available on the site.
The company further differentiates itself from other travel sites with a focus on the business to business side of travel. Through the use of their own proprietary software package, eTravelserve.com will provide a forum that can be accessed by other travel agencies to assist in closing travel deals. eTravelserve.com will have the ability to act in a "brokerage" capacity to other travel agencies who do not have the capability to produce such broad based interactive services
Market and Opportunity:
Internet travel is already the largest Internet commerce category. According to a news release from the American Gaming, Lodging, and Leisure Summit in Las Vegas, Internet travel sales will approach $30 billion by 2003. This is out of an estimated 3.7 trillion dollars in worldwide travel sales. No other company has established itself as the leader in Internet travel services. While other sites offer booking services, none offer the comprehensive services being developed by eTravelserve. This provides the company the opportunity not only to build one of the strongest and most comprehensive teams in the industry, but also to broker their services in a business to business capacity to all of the other "booking" sites that are incapable of offering such a complete suite of services.
Developments:
On February 11, the company announced the formation of a new ecommerce division. What began as the development of software to allow eTravelserve.com to auction vacations, trips, and travel packages to its customers has evolved into a whole separate division for the company. eAuctionserve.com is developing into its own proprietary site that will offer goods and services such as automobiles, insurance, etc. on an auction basis to the consumer, in addition to travel-related products. The eAuctionserve.com site is designed to "private label" auction services for ecommerce. That is, it will provide auction services specific to those companies that do not have the technology or expertise to host their own auctions. These sites will be specific to the company, such as sporting goods, tools and equipment, appliances, and more. Any product or service that a company would desire to have promoted on its own auction site will be possible. The development of the auction software will allow eTravelserve to offer "travel specific" products and services on an auction basis, while allowing the new division, eAuctionserve.com to pursue a separate line of revenue and growth.
Strategy and Initiatives:
Paul Johnson, President and CEO of eTravelserve.com points out that, "Many Internet companies have shown weakness because of their inability to breakout beyond the direct consumer markets and demonstrate revenues and cash flow. ETravelserve.com's strategy is to build a foundation of solid revenues and cash flow and then aggressively position ourselves not only within the general consumer Internet market, but also offer our services to the business markets such as organizations and other travel firms." To this end, the company has adopted an aggressive acquisition strategy and has announced the opening of the newest division, Preferred Charters and Incentives.
"The new division has been designed to provide full service charter packages to corporations and organizations for company trips and or fundraisers. Many groups are using travel to help promote their organizations and need the expertise of professionals to handle the details. The purpose of Preferred Charters and Incentives is to fill that void," said Johnson. The new division will add significant travel industry sales to the network, as well as enhance relationships with travel providers and provide access to promote eTravelserve.com to the membership of these organizations. As recently as April 11, 2000, Preferred Charters and Incentives signed an agreement for a "full ship" charter with Florida International University for approximately $2.6 million. This is the first of many agreements that are being worked on, and provide an excellent example for which the new division was designed.
Recent acquisitions include Preferred Travel, which will add approximately $7 million in travel industry sales to the network, Journey's Unlimited, which had approximately $2.5 million in travel industry sales last year, and Swan Travel & Tours, which brings an additional $2.5 million to the eTravelserve.com network. These acquisitions and plans to close upon other strategic well-established travel firms over the next quarter are expected to add in excess of $100 million in travel industry sales. ETravelserve.com can use these large bookings and travel industry sales to help negotiate and position the company for discounts, partnerships, and advertising concessions with national travel providers.
Advantages:
Having an effective and experienced management team, advisory board, and sponsorship is essential for the future growth and development of a company and the achievement of its goals. In late January 2000, Joseph Antonini, former Chairman, President and CEO of K-Mart joined the advisory board of the company. Today, Antonini sits on the Board of Directors of Shell Oil Company, American Speedy Printing Centers, Ziebart Int., and Andretti Wine Group. According to Paul Johnson, CEO and President of eTravelserve.com, "Having people like Joseph Antonini on our advisory board is the first step in our efforts to take eTravelserve.com into the future, we are truly pleased to have Joe on our team and we look forward to a long term relationship." In addition, Richard Krieger, a 15-year veteran of the travel industry has been appointed to the position of Chief Operating Officer of eTravelserve.com.
As most countries are only in the initial phase of developing ecommerce platforms, seeking to form partnerships now will position eTravelserve.com as one of the market leaders of web based travel services on a global level. To this end, the company has engaged etranslations.com to translate the site into Japanese, Chinese, Korean, Spanish, French, Italian, and German. Additionally, eTravelserve.com is in the process of assembling a team specifically to form strategic partnerships with foreign web servers and browsers.
Summary:
eTravelserve.com will provide the most comprehensive series of travel sites on the web. These services will be available on a business to consumer level to individual consumers and corporate travelers, and on a business to business level to travel agencies who can not provide such broad based services. The new division (eAuctionserve.com) will allow the company to "private label" auction services for ecommerce sites that do not currently have these capabilities. Through the addition of key personnel, the deployment of the most comprehensive travel site, and an aggressive acquisition strategy enabling additional cash flows and travel industry sales, eTravelserve.com has the unique opportunity to position itself as the leader in the global travel services industry.
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