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


To: Sir Auric Goldfinger who wrote (4177)1/31/1999 2:34:00 PM
From: LTK007  Read Replies (1) | Respond to of 4761
 
But Auric I thought you had all that Nazi Gold???:)I still have nightmares the day you had that laser beam moving in on me--Good Luck,James Bond here.



To: Sir Auric Goldfinger who wrote (4177)1/31/1999 2:59:00 PM
From: M.R. Davis  Read Replies (1) | Respond to of 4761
 
Mr Goldfinger

There is no dearth of useful information on IFLY. Pickup the prospectus and read. You have contributed nothing to the facts of IFLY apart from the fact that one director worked at Barrington and they were featured in the Biz week mob article.
The fact that another director worked at Euro Atlantic had been highlighted by the Chris Byron article and was thoroughly discussed here.
Your listing of insider sales was not new, nor persuasive - the sales by company officers and family were not significant. Most other insider sales were from former business owners who were taken over - hardly "true insiders".

You have focused on two directors only and imply that the others have been duped. You have not discussed the strengths and merits of the management team.
And you have not attempted to even begin analysing the business model.
Your postings have been lacking in content but long in innuendo.

And this you claim is God's work


To: Sandra (13152 )
From: Auric Goldfinger
Tuesday, Jan 26 1999 6:36PM ET
Reply # of 13411

Sandra, here I am doing God's work trying to help you from being sucked onto the rocks by the siren call of cheap and seemingly easy money and you fail to appreciate it.
If you think my language is bad here, you should visit the AENG thread. Besides, you are only looking are my posts here and not their posts on threads that I frequent.

The problem with the Tres Banditos 'research" is that it is anything but that. Remember, 80% of a stock's movement can be attributed to the "market". They pick charts and chat, but do no in depth work of a basic level, you know, things like business model defensibility and management backgrounds checks. So why not buy good, real stocks and then you won't have to worry about them or me selling into their own buy reccomendations? Which they almost assuredly do. That is all.


God is considerably more thorough, diligent, honest and complete in his work than the ragtag of information you have presented.
And this post of yours is a JOKE. When have you ever engaged in a discussion, dissection, analysis or serious criticism of the business model?

Please engage the longs here in a discussion of business plan defensibility and the experience of the management team in the airline ticketing business.

Or leave

Mark



To: Sir Auric Goldfinger who wrote (4177)1/31/1999 3:24:00 PM
From: M.R. Davis  Respond to of 4761
 
Mr Goldfinger

Let's look at the IFLY management team (these are summaries - for more complete information please see:http://www.lowairfare.com/dhtml/Corp/officers_and_directors.html

George Warde - Chairman of the Board
Undisputed industry veteran. Knows the industry backwards. Former CEO of American Airlines (for 14 years) and former CEO of Continental Airlines.

Mark Mastrini - CEO
Young and apparently quite dynamic. Little interesting information on his background.

(to be continued)



To: Sir Auric Goldfinger who wrote (4177)1/31/1999 3:26:00 PM
From: M.R. Davis  Respond to of 4761
 
Let's continue looking at the management team:

Jerry Sendrow - CFO
Been with the company in this role since 1994. Previously held senior finance positions in travel companies. 22 years experience in the travel industry.

Constance Norris - VP Operations
17 years experience in travel industry. Extensive experience setting up call centers and with reservation systems. She wrote the customized version of TurboSABRE that the company currently uses.

These are summaries for more information on IFLY management see:
lowairfare.com

(to be continued)



To: Sir Auric Goldfinger who wrote (4177)1/31/1999 3:27:00 PM
From: M.R. Davis  Respond to of 4761
 
more on IFLY management:

Biagio Bellizzi - VP Marketing
Former Director of Leisure Marketing at Thomas Cook. 30 years experience in the travel industry.

Frank Zhao - VP Controller
Formerly an associate auditor at Coopers and Lybrand, amoungst several other accountancy positions.

These are summaries for more information see:
lowairfare.com



To: Sir Auric Goldfinger who wrote (4177)1/31/1999 3:30:00 PM
From: M.R. Davis  Respond to of 4761
 
Info on IFLY directors:

L. Douglas Bailey - Director
Former president of the Home Shopping Club Inc - amoungst many other positions. Mr. Bailey is also on the board of directors of Sel-Lab Marketing, a cosmetics firm, and Goodwill Industries-Suncoast, Inc., a private foundation. He also serves on the boards of the Pinellas (Florida) Industrial Council and the Florida Lung Association, and serves on the board of trustees or advisory boards of Ruth Eckerd Hall (a performing arts center), The Goodwill-Suncoast Foundation, Inc. (a private foundation), the University of Florida Retail School and the University of Florida's Stavros Economic Center.

Carl Bellini - Director
Mr. Bellini is a director (since August 1994), chief operating officer (since October 1993), and executive vicepresident of marketing and stores (since August 1992) of Revco D.S., Inc., the nation's second
largest drugstore chain which was sold to the CVS chain in May 1997.
He is also advisor to the boards of Manco, a privately-owned adhesives and tape company, Sensormatic, a New York Stock Exchange-listed manufacturer of security devices, and Farmacia Ahumada, a Chilean drugstore chain, and a consultant to Ratcher Press, a publisher of Chain Drug Review and Mass Marketing Review, which are industry
publications.

These are summaries - for more information see:
lowairfare.com

(to be continued)



To: Sir Auric Goldfinger who wrote (4177)1/31/1999 3:32:00 PM
From: M.R. Davis  Read Replies (2) | Respond to of 4761
 
More information on IFLY directors:

Michael Gaggi, Director

Mr. Gaggi founded, formed and arranged the funding for 800 Travel Systems, Inc. He served as Chairman of the Board from its incorporation through April 1998. In April 1998 he resigned as Chairman and currently serves as a director and consultant to the company. Mr. Gaggi served as a Senior Vice President at Joseph Stevens & Company, Inc., an investment banking firm in New York City from 1994 until December 1997, when he resigned from such position. From 1993 until 1994, Mr. Gaggi was employed as a Vice President by Barington Capital. Mr. Gaggi has been a principal director of Upscale Eyeglass Boutiques Myoptics Opticians since 1990.

Pasquale Guadagno, Director

Mr. Guadagno has served as a director of the Company since its incorporation as 800 Travel Systems, Inc. in November 1995. Mr. Guadagno had been a Senior Vice-President at M.S. Farrell,Inc., an investment banking firm, from December 1996 to November 1997. From 1993 until November 1996, Mr. Guadagno was Senior Vice President of Euro-Atlantic Securities, Inc., an investment banking firm in Boca Raton, Florida. From 1990 through 1993, Mr. Guadagno was employed as a Senior Vice President by Smith-Barney in New York City.

These are not summaries and have been posted in full.




To: Sir Auric Goldfinger who wrote (4177)1/31/1999 3:47:00 PM
From: M.R. Davis  Read Replies (1) | Respond to of 4761
 
Summary of industry experience of IFLY management team:

George Warde - Chairman
Nearly unparalleled industry experience. 50 years of it.

Mark Mastrini - CEO
None that we know of.

Jerry Sendrow - CFO
22 years of industry experience

Contance Norris - VP
17 years industry experience

Biagio Bellizzi - VP Marketing
30 years of industry experience

Frank Zhao - VP Controller
None we know of.

Douglas Bailey - Director
None we know of.

Carl Bellini - Director
None we know of.

Michael Gaggi - Director
None we know of.

Pasquale Guadagno - Director
None we know of.

This still gives the management team a combined experience of over 100 years in travel and airline ticketing.



To: Sir Auric Goldfinger who wrote (4177)1/31/1999 3:58:00 PM
From: M.R. Davis  Respond to of 4761
 
From the IFLY prosepectus - Form SB2
see: sec.gov

=============================================================
Low-Priced Airfare on Major Airlines

The Company strives to provide its customers with the lowest-priced
airfare available for a particular travel route at the time of the reservation on those airlines whose tickets the Company sells (which includes most major U.S. and international airlines), using the comprehensive ticket information available on its customized Turbo SABRE system. The Company's SABRE system provides the operating reservation agent, within two or three seconds of a request for a particular route, up to 900 ticket options ranked in order of price. The reservation agent can then offer ticket options in ascending order
of price until the customer chooses a suitable carrier and departure time.
In contrast, airlines typically quote only their own fares and often quote highest fares first to avoid selling the lowest-priced tickets. The Company believes that most travel agents do not offer customers the lowest-priced airfare available because they either lack the technical capability or prefer to sell more expensive tickets and earn larger commissions. In contrast, the Company's operating strategy is based on generating large sales volume rather than on high margins on individual tickets. The Company's customers generally have one
objective - lowest-priced airfares. As a result, the Company's strategy allows it to satisfy its customers' demands for low airfares while obtaining higher commissions and additional incentives for higher volumes. The Company believes that its ability to provide low-priced airfare on the airlines whose tickets it sells (which is almost always lower than the lowest fare published by that airline) provides a distinct competitive advantage in attracting and retaining
customers.
=============================================================



To: Sir Auric Goldfinger who wrote (4177)1/31/1999 4:10:00 PM
From: M.R. Davis  Respond to of 4761
 
From the IFLY prosepectus - Form SB2
see:http://www.sec.gov/Archives/edgar/data/1039208/0000950134-97-004358.txt

===================================================================
The Company believes that its reservation agents require substantially
less time to book reservations because (i) all the information they need is immediately available and the necessary steps can be conducted on their computer screens, and (ii) the Company's services are focused on air travel, which does not require research or follow-up work and can be completed in one phone call, in contrast to the more time-consuming arrangements for hotel and car-rental reservations. Consequently, the Company believes its average reservation agent can book an average of $265 in travel plans for customers per hour, compared to the industry average of $147 per hour. The Company strives to increase this average by rewarding reservation agents with commissions for weekly sales in excess of various levels. In addition, the Company believes that the fact that the majority of the most inexpensive air travel tickets are non-refundable increases the profitability of the consumer air travel market.
Over 90% of the Company's ticket sales are non-refundable and, as a result, the value of tickets refunded each week is less than 1% of all tickets sold.

================================================================