America West and Book4golf.com Announce Plans for Strategic Alliance; Deal Includes Long-Term Marketing and Co-Branding Strategic Alliance.Business Editors &High-Tech Writers SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Feb. 7, 2000 America West Holdings America West Holdings Corporation is an Arizona-based company owned by US Airways Group Inc. Its primary holding is America West Airlines. America West's corporate offices in Tempe are housed in one of the first commercial high-rise buildings constructed in the downtown Corporation and Book4golf.com Corporation (CDNX CDNX See Canadian Venture Exchange (CDNX). :BFG BfG Bundesanstalt für Gewaesserkunde (Germany: Federal Institute of Hydrology) BFG Big Friendly Giant (Roald Dahl book) BFG Battlefleet Gothic (game) BFG Briefing ) today announced that Book4golf.com and America West's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , The Leisure Company, have signed a letter of intent for the acquisition by Book4Golf.com of America West Golf Vacations and its www.awagolf.com Web site. The Leisure Company and Book4Golf.com also announced plans to form a long-term post-acquisition marketing and co-branding strategic alliance. The transactions are subject to the completion of definitive agreements, the completion of due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. by both parties and the receipt of applicable regulatory approvals. After closing of the acquisition, Book4golf.com and The Leisure Company will work together to create and market golf vacation packages that can be designed and purchased on-line at www.Book4golf.com including tee times, cart and green fees, golf instruction, roundtrip round·trip or round-trip also round trip n. A trip from one place to another and back, usually over the same route. air transportation, rental car and hotel accommodations. &uot;The proposed acquisition of America West Golf Vacations and its www.awagolf.com Web site -- one of the premier Internet destinations for golf travelers -- will strategically position Book4golf.com as the foremost golf destination site on the Web,&uot; said Phillip DeLeon, president of Book4golf.com. &uot;Our strategic partnership with The Leisure Company will allow Book4golf.com to leverage the marketing and buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. of one of the nation's largest tour operators, one that sells vacation packages to more than 500,000 customers annually.&uot; DeLeon added, &uot;This acquisition is in line with our overall strategy of becoming the premier golf portal and tee time reservation Web site, whether you're playing across town or across the country. This will further enhance the already rich content of Book4Golf.com's Web portal See portal. by making golf vacation packages available online on the www.Book4Golf.com Web site in addition to golf news, instructional tips from world-renowned golf instructor Jim Flick, tour news from PGA Tour The PGA Tour is an organization that operates the USA's main professional golf tours. It is headquartered in Ponte Vedra Beach, Florida, USA. Its name is officially rendered in all caps as “PGA TOUR". professional Ted Tryba Ted Tryba (born January 15, 1967) is an American professional golfer who has played on the PGA Tour and the Nationwide Tour. Tryba was born in Wilkes-Barre, Pennsylvania. He has two victories in PGA Tour events. and the ability to book real-time tee times at Book4Golf.com member courses.&uot; &uot;The repositioning repositioning Laparoscopic surgery The changing of a Pt's position during a procedure to improve access or visualization of the operative field, which may be linked to complications, as it changes anatomic planes of operation. Cf Laparoscopic surgery. of the America West Golf Vacations brand with Book4golf.com will allow our strategic alliance to grow significantly and become the industry leader in the golf vacation package business,&uot; said William A. Franke, chairman, president and chief executive officer of America West Holdings. &uot;In searching for an Internet tee time reservation partner, we selected Book4golf.com for its superior software, outstanding management team and extensive golf course relationships.&uot; Key components of the proposed acquisition and strategic marketing and co-branding alliance would:
-- Create and offer golf vacation packages that can be searched for,
designed and purchased on-line at www.Book4golf.com, including
tee times, cart and green fees, golf instruction, roundtrip air
transportation, rental car and hotel accommodations.
-- Allow Book4golf.com to gain the www.awagolf.com URL, which
content will be amalgamated under the www.Book4Golf.com site.
-- Allow Book4Golf.com to gain usage of the AWA Vacations call
center for handling sales, service and fulfillment of golf
vacation packages and tee time reservations.
-- Integrate Book4Golf.com member courses' tee-sheets into these
vacation packages in an effort to drive golf vacationers and golf
travelers to Book4Golf.com member courses, thereby increasing
golf course utilization and profitability.
-- Allow golfers to book golf vacations for individuals, corporate
groups and tournaments, making the Book4Golf.com Web site the
optimum tool for meeting planners.
-- Create an Internet hot-link between America West Airlines' Web
site (www.americawest.com) to Book4golf.com.
The consideration for the America West Golf Vacations acquisition will be common shares and share purchase warrants (the &uot;Warrants&uot;) of Book4Golf.com. The number of Warrants will be based, in part, upon certain performance driven criteria in the future. Book4golf.com has reserved a price of CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. $18.53 per share for the common shares to be issued to The Leisure Company and CDN$22.00 per common share for the common shares to be purchased upon the exercise of the Warrants. America West Golf Vacations was developed as a brand of The Leisure Company as a result of consumer demand for golf packages. The Leisure Company, one of the nation's largest tour packagers, is a wholly owned subsidiary of America West Holdings Corporation, an aviation and travel services company with 1999 sales in excess of $2.2 billion. America West Golf Vacations arranges complete golf vacation packages including air, hotel accommodations, rental car and guaranteed tee times at premier golf courses in Arizona, Nevada, California and Mexico and has direct relationship with 110 golf courses. Book4golf.com is a leading Internet-based, real-time, tee time reservation system. The Book4golf.com Web site allows golfers to reserve a tee time anytime, anywhere, with no service charge. Additionally, golfers can use the Web site to access golf course information, weather forecasts and driving directions to golf courses across town or across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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