Communicate.Com Inc.: FrequentTraveller.Com Files Registration Statement for Public Offering.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Communicate.com Inc. (Communicate) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CMNN) is pleased to announce that its travel subsidiary, FrequentTraveller.com Inc. (FTI FTI Free thyroxine index, see there ), has filed a Form SB-2 registration statement with the U.S. Securities and Exchange Commission (SEC). This registration is the first step for FTI to become a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. on the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). OTCBB and to raise additional capital to accelerate the development of its business. FTI is offering up to 4,000,000 Common Capital Shares at an offering price of $0.50 per share. There will be no underwriter or broker/dealer involved and there will be no commissions paid to any individuals from this fundraising. Communicate is currently the majority shareholder of FTI, owning 8,000,000 shares. FTI is developing and is operating travel sales websites utilizing exclusive travel rights to Communicate's domains Malaysia.com, Indonesia.com, Brazil.com, Canadian.com and GreatBritain.com. David Jeffs, President of Communicate, commented, "With sufficient funding, we believe that FTI can become a significant player in the rapidly expanding online travel market. Spinning-off FTI as a separate public company will allow it to concentrate on aggressively growing its travel business while enabling Communicate to focus on increasing its core non-travel businesses." Following FTI's emergence as a publicly traded OTCBB issuer, Communicate's majority-owned subsidiary majority-owned subsidiary A firm in which more than 50% of outstanding voting stock is owned by the parent company. , Domain Holdings Inc., will receive a royalty from FTI for travel revenues booked at its sites. Communicate will continue to own the aforementioned domain names and will develop businesses other than travel sales for them. FTI generated revenues of $247,078 during the fiscal year ended December 31, 2004. JupiterResearch, a leading internet research This article is about using the Internet for research; for the field of research about the Internet, see Internet studies. Internet research is the practice of using the Internet, especially the World Wide Web, for research. company, projects that total online travel booking revenue in the U.S. will reach a record $62 billion in 2005, growing to $91 billion in 2009. The registration statement relating to FrequentTraveller.com Inc.'s securities has been filed with the SEC, but is not yet effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of such state. FrequentTraveller.com Inc.'s complete Form SB-2 can be accessed via the SEC's EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king. database at http://sec.gov/edgar.shtml. About FrequentTraveller.com Inc. FrequentTraveller.com (FTI) is a Washington State-based 'click & mortar' destination travel company which has exclusive travel rights to several premium destination/travel websites: Malaysia.com, Indonesia.com, Brazil.com, Canadian.com and GreatBritain.com. These premium sites aggregate a growing number of inquiries from around the globe to which FTI offers travel services. As part of the Communicate.com Inc. family of companies FTI benefits from and shares a wealth of technical and operations resources that allow for growth and innovation. FTI brings travellers from around the globe to SE Asia and South America while offering unique and innovative travel packages, tours and excursions that inspire and excite. For more information, visit www.frequenttraveller.com. About Communicate.com Inc. Communicate.com is a profitable, debt-free, rapidly evolving eCommerce company that owns, develops and markets approximately 900 websites, including some of the best names on the net, such as Perfume.com, Importers.com, Karate.com, Boxing.com, Body.com and Brazil.com. Communicate generates revenues through the sale of consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and , advertising and travel products at its network of targeted B2C (Business to Consumer) Refers to a business communicating with or selling to an individual rather than a company. See B2B. and B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business sites. The Company's web properties intuitively attract approximately one million new visitors and potential clients per month with no marketing costs, providing Communicate with a crucial competitive advantage in customer acquisition and price. Communicate is publicly traded on the NASD OTCBB under the symbol CMNN. This news release contains "forward-looking" statements, as such term is defined in 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. Because such statements include risks and uncertainties, actual results may differ from those expressed or implied herein. |
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