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Technology Stocks : IFLY - travel sales on the web pure play -- Ignore unavailable to you. Want to Upgrade?

To: Dan O. who wrote (173)	4/10/1998 10:21:00 PM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 4761

Someone posted that IFLY, has not made a profit, BUT, a comparison posted earlier explains alot about WHY I'm placing my valuations on IFLY: PTVL, revenues in 1997 were~13.6 million vs. 8.3 million for IFLY. PTVL lost something like $10 million in 1997 which was worse than prior year. _______________________________________________________________ IFLY lost only $262K down from loss of $3.3 million. Estimates for 1998 for PTVL are $1.64 loss and $1.21 loss for 1999 and it has 3 strong buys? Can someone explain why PTVL is a $33 stock and IFLY is only around $7? Seems a little backwards to me. If PTVL is a strong buy, what will the analyst say about IFLY once they see what happened this week? ______________________________________________________________________ April 1 /PRNewswire/ -- 800 TRAVEL SYSTEMS, INC. (Nasdaq: IFLY - news, IFLYW - news) announced today that total revenues in 1997 increased 164% to $8.3 million compared to $3.2 million in 1996. The revenue increase reflects the acquisition of The Joseph Stevens Group, a San Diego-based reservation center, and solid growth at the Company's Tampa facility. The Company's operating loss was ($262,505) in 1997, a 92% reduction from 1996's operating loss of ($3,372,411). The 1997 operating loss reflects various non-cash charges, including a $321,250 charge for stock, options and warrants issued to compensate management and to certain of the Company's lenders. During 1997 the Company generated $1,092,357 from operations as compared to $1,095,150 used in operations during 1996. That is a ~200% increase!!! Mark Mastrini, President of 800 Travel commented that ''1997 was a year of significant accomplishments for the Company. In addition to completing the acquisition of the Stevens Group and significantly improving operations at both call centers, the Company was able to successfully complete its public offering. The first quarter of 1998 showed continued improvement in revenues. The cash we anticipate generating from operations and the capital remaining from the Company's public offering should allow us to continue to grow our Company.'' *Seems like we have a conumdrum here.* Byron