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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: C B P who wrote (56786)	2/18/1999 4:55:00 PM
From: Tom Latham	Respond to of 119973

TRVL, 13 1/2 down over 8 today, my understanding is some money will show as escrowed instead of revenue until certain trips are in process in case of refund needed. This to give clarity to earning and rev stream. ***The warnings are highlighted """xxxxxx"""" as such. Note he talks of newly implemented web sites and even software licensing.... REBOUND SHOULD be GREAT..........Piper Jeffery has a strong buy and was buying a wagon load after it broke below 13 1/2 today.... Attached part of the news today:::: . Also, during the fourth quarter, the Company launched its web site, www.travelco.com, which is already receiving over 50,000 unique visitors each week. In addition, the Company initiated the roll out of release 2.0 of Flight Attendant, its airline reservation system, to agents at its Portland and San Diego call centers, and is piloting release 1.0 of Cruise Control, its cruise reservation system, to agents in the Company's new call center in Long Island, N.Y. The Company is also examining various inquiries by third parties which could potentially provide opportunities to license internally developed software applications to third parties in the future. Despite implementation of these initiatives, it appears that net revenue growth in the first quarter of 1999, while expected to be quite strong, """""will likely be less than the Company's very aggressive growth targets for certain of the Company's reporting segments""""""". In the cruise reporting segment, the Company continues to refine its tactical marketing initiatives, maximize the effectiveness of call routing systems and processes and enhance the selling skills of newer cruise sales agents to improve call to booking conversion rates. In addition, the Company's web site is expected to be a major source of customer leads as awareness of the site continues to grow. The site name is displayed in cable television, newspaper and magazine advertisements. Travel to European destinations continues to be quite strong. Timing of revenue recognition for vacation products sold through alumni associations (a business the Company acquired in early February 1999), however, may cause net revenues recognized for the first quarter in the outbound reporting segment to be less than earlier anticipated. Transaction volume trends in the lodging reporting segment appear to be consistent with expectations for the first quarter. Within the other reporting segment, call volume at 1-800-FLY-CHEAP has increased significantly as a result of expanded advertising programs; however,"""""" the Company may not be able to fully capitalize on this increased demand in the first quarter. The longer than anticipated roll-out of release 2.0 of Flight Attendant has inhibited the Company's ability to answer all of the calls now being received and has delayed certain anticipated revenue management opportunities"""""""""""'. Mr. Vittoria stated, ''The Company has set out aggressive goals which it continues to strive to accomplish. We continue to believe our long-term success lies in developing successful brands and leveraging technology, and significant investments in these areas are expected to continue. We remain committed to our strategic initiatives and anticipate that significant benefits will be realized in 1999 and beyond. We also continue to look for other opportunities to refine and enhance our business model, leverage our resources and improve operating performance.'' The Travel Company is a leading specialized distributor of leisure travel products including cruise vacations, land-based vacations and tours, domestic and international airline tickets and European auto rentals, and is a leading provider of travel services such as electronic hotel reservations, specialized hotel programs and services and incentive and promotional travel programs. The Company provides travel agents and travelers a unique combination of specialized expertise, the ability to compare options from multiple travel providers and competitive prices. Earning est '99 of $1.39 forward pe of 10 , growth rate 100%+ My opinion buy and hold sell @ 17 to 20, analyst will pick this back up.