Budgethotels Plans European Expansion.Business Editors POINT ROBERTS Point Roberts, uninc. town (1990 pop. 750), Whatcom co., NW Wash., on the Strait of Georgia near the tip of the Point Roberts peninsula, extending south from British Columbia, Canada, and separated from the Washington mainland by Boundary Bay. , Wash.--(BUSINESS WIRE)--April 3, 2003 The first step in Budgethotel's (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : BUDH) plans for international expansion are talking shape. The Company is engaged in advanced discussions with Ecommerce marketing and development company, Synerg-e Consult Hamburg. The plans call for Synerg-e to establish a European Branch Office to drive the expansion of all facets of Budgethotels' business model throughout Europe. Specifically, Synerg-e would implement a marketing and infrastructure program to drive online travel bookings, extend Budgethotels' network of Infocenter reservation boards as well as sell online advertising. This focus on Europe is recognition of the immense size of the European "budget" travel market where ground transportation by train, bus and automobile are preferred methods of travel within the continent. "This initiative will leverage the experience and creditability Budgethotels has developed through its relationships with Amtrak Amtrak, the National Railroad Passenger Corp., authorized to operate virtually all intercity passenger railroad routes in the United States. Amtrak was created by Congress in 1970 in response to more than two decades of continuous operating deficits by privately run and Greyhound as well as other major partners in delivering value to travel consumers for the past 12 years throughout 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. ," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. William Marshall William Marshall is a name shared by several people:
About Synerg-e Synerg-e is a northern European e-business and strategy consultancy focused on delivering superior advice and hands on services including the implementation of business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets throughout Northern Europe. Synerg-e commands resources through a strong network of partners that enable them to ensure that their clients have access to all the right contacts including new media agencies, media buyers, ISP's, tier one publishers as well as advertisers, systems integrators, PR, design and marketing agencies, angel investors, incubator funds and venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] . These contacts enable Synerg-e to ensure their clients a successful home (European) market entry as well as a fast track route to international expansion. On behalf of the Board: William Marshall CEO Certain statements contained in this press release that are not historical facts may be forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward looking statements may include, but are not limited to, statements about our plans, objectives, expectations, prospects and intentions, markets in which we participate and other statements contained in this press release that are not historical facts. When used in this press release, the words "expect," "predict," "project," "anticipate," "believe," "estimate," "intend," "plan," "seek" "commit" and similar expressions are generally intended to identify forward looking statements. Because these forward looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward looking statements, including changes in our plans, objectives, expectations, prospects and intentions and other factors discussed in our filings with the SEC. We cannot guarantee any future levels of activity, performance or achievements. Budgethotels undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release. |
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