Global Vacation Group Re-Elects Two Directors at Annual Meeting.Business & Travel Editors WASHINGTON--(BUSINESS WIRE)--May 18, 2000 Global Vacation Group, Inc. (NYSE NYSE See: New York Stock Exchange : GVG GVG Giving GVG Grass Valley Group GVG Guild Versus Guild (Guild Wars, online game) GVG Grundstücksverwaltungsgesellschaft der Stadt Mainz ), one of the largest U.S. providers of value-added vacation products and services targeted to higher-income travelers, today reported that Carl J. Rickertsen and James M. Sullivan were re-elected as directors of the company at its 2000 annual meeting held today at the Willard Inter- Continental Hotel in Washington, D.C. Shareholders also ratified the appointment of Arthur Andersen For the U.S. Supreme Court case commonly known as Arthur Andersen, see . Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms (the other four are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG), performing LLP LLP - Lower Layer Protocol as GVG's independent auditors. Rickertsen and Sullivan, both of whom have served on Global's board of directors since the company's IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. in 1998, each will serve a three-year term. Rickertsen is the chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. and a partner of Thayer Capital Partners, a private equity investment group. Sullivan is executive vice president of development for the Lodging Group of Marriott International, Inc. "Rick Rickertsen and Jim Sullivan have provided invaluable insights and sound counsel during the past two years, and we're pleased to have the opportunity to continue to benefit from their experience," said Roger Ballou, chairman, president and chief executive officer. Global Vacation Group, headquartered in Washington, D.C., is a value-added provider of vacation products and services. Global Vacation Group's family of brands includes Classic Custom Vacations, which creates customized vacation packages for upscale U.S. travelers, Vacations by Globetrotters, which is targeted to the popularly priced-vacation buyer, and Allied Tours, which creates and coordinates packages and tours for international vacation travelers. The matters in this press release include "forward looking statements" within the meaning of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are qualified by cautionary statements contained herein and in Global Vacation Group's filings with the Securities and Exchange Commission. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion