Privileged World Travel Club to Generate up to $24 Million in Annual Revenues through Chinese Tourism
19 März 2014 - 1:30PM
Marketwired
Privileged World Travel Club to Generate up to $24 Million in
Annual Revenues through Chinese Tourism
NEW YORK, NY--(Marketwired - Mar 19, 2014) - Privileged World
Travel Club, Inc. (OTCQB: PVCL) is highly undervalued at its
current price per share. The company's travel reservation software
alone is valued at $30 million while its current market cap is less
than $2 million. In a move that will further enhance its balance
sheet, Privileged World Travel is adding more value with a new
source of revenue by expanding its scope into the Chinese tourism
market.
Privileged World Travel provides exclusive travel services to
its members in the US. In addition, it caters to international
travelers visiting the US. The company is poised to launch its
first of many trips planned by Chinese tourists to locations
throughout the country.
In a Travel Services Agreement arranged by the company,
Privileged World Travel will introduce about 200,000 new Chinese
tourists a year to 9 US cities, including; Los Angeles, San
Francisco, Las Vegas, Chicago, New York City, New Orleans, Miami,
Orlando and Boston. Gregory Lykiardopoulos, CEO and Chairman at
Privileged World Travel, said he expects to generate gross monthly
revenues of $2 million, or $24 million annually from this
program.
The agreement calls for Privileged World Travel to bring
tourists from China to the US for at least 5 years. The company's
CEO said of the agreement, "We're proud to show off some of our
most beautiful and sophisticated cities to Chinese tourists who are
anxious to experience a taste of the American way of life."
Privileged World Travel offers its members in the US and
internationally luxury services with a high standard of value. In
its mission to provide customers with hard-to-beat prices, the
company's offerings include reservations at hotels, resorts, on
board cruises, airfare, rental cars, entertainment and amusement
park tickets to name a few.
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specializing in Research and Content Development. It offers a
platform for corporate stories to unfold through the media with
Reports, Interviews and Articles. SMMG is compensated up to $650 by
a third party for each article written. To date, SMMG has received
total compensation of $650, for work related to PVCL. For more
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