Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Short Term Picks From the 'Whiz' Kid -- Ignore unavailable to you. Want to Upgrade?

To: frankk who wrote (5878)	3/22/1999 11:09:00 AM
From: emljr	Read Replies (1) \| Respond to of 9115

AXGI is on the move again. Great future for this one

To: frankk who wrote (5878)	3/22/1999 1:10:00 PM
From: Steven G. Trapp & Company	Read Replies (1) \| Respond to of 9115

Exclusive Cruises & Resorts Announces Completion Of Club Delta Transaction PR Newswire - March 22, 1999 12:52 MIAMI BEACH, Fla., March 22 /PRNewswire/ -- Exclusive Cruises & Resorts, Inc. (OTC Bulletin Board: XCLU) today announced that their wholly owned subsidiary, Delta Vacation Properties, Inc., acquired the sole rights to represent Club Delta. As previously disclosed in a February 16, 1999 press release, Exclusive Cruises & Resorts has been in final negotiations to purchase the master franchise for Club Delta from Apollon Ltd, an Irish company that owns the worldwide rights of the Club. Club Delta is a European- based membership club that affiliates cruise ships, hotels and resorts and allows its members to earn or purchase "points" which they can use to stay at the various properties. The Company will have the right to franchise Club Delta products and services in the United States, Canada and the Caribbean to cruise ship owners, resort developers and travel companies throughout the contracted territory. The transaction involved the payment of a combination of cash and restricted stock totalling $1,350,000 to the owner of the worldwide rights, Apollon Ltd. of Ireland. The Company expects to generate revenues from this operation through affiliation, annual membership, and sub-franchising fees. The Company believes they could achieve 1 million members in a 5 year period which should generate over $50 million in annual revenues. Commenting on the completion of the transaction, George Macropulos, President and CEO of Exclusive Cruises & Resorts said, "The successful completion of these negotiations is just another step in our growth plan for the Company. With this transaction and the previous launch of our cruise ship, we have incorporated the cruise industry, timeshare, hotels and resorts into the company. We plan to become a major player in the travel and leisure industry over the next few years." Financial statements in this press release other than historical facts are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward- looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results. SOURCE Exclusive Cruises & Resorts, Inc. /CONTACT: George Macropulos for Exclusive Cruises & Resorts, Inc., 305-861-8920; or Steven G. Trapp & Company, 888-253-2542, for Exclusive Cruises & Resorts, Inc./ (XCLU)