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.

Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (28718)	4/22/1999 3:01:00 PM
From: ACAN	Read Replies (1) \| Respond to of 79177

Hi Doug; MLIN - looks like it's trying to get back in gear. Up 20% on good volume. Allan P

To: Doug R who wrote (28718)	4/22/1999 3:51:00 PM
From: ACAN	Read Replies (1) \| Respond to of 79177

Doug; FLYR news Home - Yahoo! - Help [ Business \| US Market \| By Industry \| IPO \| AP \| S&P \| International \| PRNews \| BizWire ] Thursday April 22, 3:25 pm Eastern Time Company Press Release SOURCE: Navigant International, Inc. Navigant International Announces NavigantVacations.Com, Inc. New Subsidiary to Target Growing Internet Leisure Travel Market DENVER, April 22 /PRNewswire/ -- Navigant International, Inc. (Nasdaq: FLYR - news), one of the largest suppliers of corporate travel services in the U.S., today announced the formation of NavigantVacations.com, Inc. The new subsidiary will focus on selling leisure travel directly to consumers and Navigant's existing corporate customers through its own Internet site. ''The Internet is a growing distribution channel, and we plan to grow with it,'' said Edward Adams, chief executive officer of Navigant. ''We started down this path by opening our corporate web site, www.navigant.com, in January. But we believe the time has come to build a separate site focused on the Internet community, and built with the leisure traveler in mind,'' continued Adams. ''NavigantVacations.com, as a Navigant company, will have access to our existing customer base, which we believe includes more than a million travelers. We should not have to build a new market of customers from the ground up; our existing clients already know who we are, and they know that we bring value. We, of course, hope to grow our base of customers beyond our corporate clients as others learn of the value we bring,'' said Adams. ''With substantial infrastructure already in place, we believe that we should be able to generate a significant amount of incremental revenue with little additional client acquisition and marketing costs. Our existing personnel and equipment give us the ability to service customers and fulfill reservations. We should not have to create new capacity to begin operations,'' Adams continued. ''A key element of our e-commerce strategy is to use our existing infrastructure and technology, whether it is our proprietary 'FLYR Electronic Navigation' tools, such as Business FLYR, or the Internet, to serve our existing corporate clients, while expanding that same technology to move into new, growing, travel markets. We believe that by combining our technological resources and our growing economic resources we can provide low cost travel solutions to all our customers,'' Adams said. ''The new site will be designed to serve the leisure traveler. We expect that it will include discount travel offers, including both airline tickets and cruises. We plan to include package tours and vacation specials. Ultimately, the site should leverage our economic size and travel expertise for the benefit of the growing on line leisure travel market,'' Adams concluded. According to International Data Corporation, total commerce over the Internet will grow from approximately $32 billion in 1998 to approximately $425 billion by 2002, as the total number of Internet users expands from 97 million to 319 million in that same time. ''Travel is a significant portion of overall Internet commerce, and we expect that Internet travel sales will continue to grow,'' said Adams. A study by the Travel Industry Association of America found that the number of travelers who researched travel plans on the Internet jumped from 11.7 million in 1997 to 33.8 million in 1998. That same study found that the number of Internet users making reservations on line grew from 5.4 million in 1997 to 6.7 million in 1998. As a percentage of the total U.S. population, the number of people using the Internet to make reservations also increased, from 3 percent in 1997 to 4 percent in 1998, according to the Travel Industry Association of America. Navigant is one of the five largest providers of corporate travel management services in the United States based on airline ticket sales. The Company currently has approximately 435 regional travel offices and on-site customer travel operations, including offices in 18 of the 25 largest U.S. business travel markets. The Company's shares are traded on the Nasdaq National Market System under the symbol ''FLYR.'' Allan P