Affinity International Completes Acquisition of Intrepid Travel.ST. PETERSBURG, Fla.--(BUSINESS WIRE)--July 29, 1999-- Affinity International Travel Systems, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:AFFT AFFT Affidavit AFFT Americans for Fair Taxation ) announced today that it has completed its acquisition of Intrepid Travel, formerly Loraines Travel, of Seminole, Florida Seminole is a city in Pinellas County, Florida, United States. The population was 10,890 at the 2000 census. As of 2004, the population recorded by the U.S. Census Bureau is 18,226.[1] St. Petersburg College has a campus in the city. . The purchase marks the sixth acquisition by Affinity in the last twelve months. Intrepid Travel will be integrated into Affinity's subsidiary, Prestige Travel Services. Prestige Travel Services operates retail travel agencies throughout Florida as well as in Atlanta, Georgia. The acquisition of Interpid is the fourth purchase of a retail travel agency in the Tampa Bay Tampa Bay, inlet of the Gulf of Mexico, 25 mi (40 km) long and 7 to 12 mi (11.3–19 km) wide, W Fla., separated from the Gulf by numerous small islands; it receives the Hillsborough River. St. area. Chief executive officer Dan Brandano said, "The acquisition of Intrepid fits in perfectly with our strategy to build up market share in the Tampa Bay area. Intrepid has been operating in the area for over ten years and has established an extensive clientele." Affinity International Travel Systems is a consolidated wholesale distribution organization specializing in complete tour, airline, cruise, car rental, and accommodation services. The Company plans to seek acquisition candidates while providing competitively priced, specialized services to travel agents and individual consumers. Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. in this release are made pursuant to the ``safe harbor'' provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition, new products and technological changes, the company's dependence upon third-party suppliers, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission. For additional updates, see www.otcfn.com/afft and www.sunstyle.com |
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