Crystal International Travel Group, Inc. Announces Successful Filing of 8-K/A in XBRL Format.CHATHAM, N.J. -- Crystal International Travel Group, Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CINT CINT Center for Integrated Nanotechnologies CINT Conservation Intention CINT Contour Interval CINT Call Interception CINT Cpu Intensive Integer ) (formerly Mobile Reach International, Inc.) announced today that it has successfully filed an 8-K/A as of May 25, 2006 with the Securities and Exchange Commission using the eXtensible Business Reporting Language (XBRL (EXtensible Business Reporting Language) A specification for publishing financial information in the XML format. It is designed to provide a standard set of XML tags for exchanging accounting information and financial statements between companies and analysts. ) format. "We are extremely excited to be part of the volunteer test group submitting interactive data reports, and to the best of our knowledge, we are the only small business doing so," stated Fabrizzio P. Busso-Campana, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Crystal. Other members of the volunteer group using the interactive data and providing feedback to the Commission include 3M Company (MMM MMM Myeloid metaplasia with myelofibrosis, see there ), Pfizer, Inc. (PFE 1. (text, editor) PFE - Programmer's File Editor. 2. (language) PFE - Portable Forth Environment. ), XM Satellite Radio Holdings, Inc. (XMSR XMSR XM Satellite Radio (formerly AMRC) ), Microsoft Corporation (company) Microsoft Corporation - The biggest supplier of operating systems and other software for IBM PC compatibles. Software products include MS-DOS, Microsoft Windows, Windows NT, Microsoft Access, LAN Manager, MS Client, SQL Server, Open Data Base Connectivity (ODBC), MS Mail, (MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ) and Infosys Technologies Limited (INFY INFY Infosys Technologies Ltd (stock symbol) ). Referring to a release by the Commission on March 29, 2006, Brian Balbirnie, CFO See Chief Financial Officer. of Crystal, stated: "As SEC Chairman Cox stated in his announcement, 'as pioneers in the use of interactive data and XBRL, their leadership will help shape how these technologies will be employed.'" The Commission's release further explained that participants are guaranteed expedited reviews of registration statements and annual reports. "As time goes on," Balbirnie continued, "we will be informing the SEC of our experience, which thus far has gone well." For a current list of participants and to review the full SEC announcement, readers are referred to http://www.sec.gov/news/press/2006-43.htm. About Crystal International Travel Group, Inc. Crystal International Travel Group is a diversified, multi-asset Travel Company that merges the knowledge, reliability and human touch of the travel agent community with the advanced technology, speed and flexibility of online travel. Crystal has assembled a world-class team of travel experts to grow and manage a best-in-class tour operator. They have applied their knowledge and experience in tour packaging and brought these skills to the world-wide-web as well as the off-line world. While Crystal's online brand - http://www.suntrips.com - is similar in presentation and functionality to Expedia.com (EXPE), Orbitz.com, and CheapTickets.com (both subsidiaries of Cendant Corporation (CD)), Crystal is in the process of creating a travel solution designed to bring added value to travelers, while supporting the future branding goals of travel suppliers such as hotels and airlines as well as supporting the travel agent community. Crystal also intends to grow the SunTrips brand offline as a "lifestyle" mark, potentially on destinations, travel accessories, premiums and incentives. This press release contains forward-looking statements, which 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. These forward-looking statements reflect the views of Crystal International Travel Group, Inc.'s (Crystal) management regarding current expectations and projections pertaining to future events and are based on currently available information. These forward-looking statements involve a number of risks and uncertainties, including the ability of the Company to operate a best-in-class tour operator, the ability to develop and maintain the Company as a "lifestyle" mark in the travel market, and the ability to attract and retain the required personnel and other factors described in the Company's respective filings with the Securities and Exchange Commission. Other unknown or unpredictable factors also may have material adverse effects on Crystal's business, financial conditions and results of operations. Accordingly, readers should not place undue reliance on these forward-looking statements. The use of words such as "anticipates," "estimates," "expects," "is in process," "intends," "plans" and "believes," among others, generally identify forward-looking statements; however, these words are not the exclusive means of identifying such statements. In addition, any statements which refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Crystal is not under any obligation and does not intend to publicly update or review any of these forward-looking statements, whether as a result of new information, future events or otherwise, even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized. |
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