Privileged World Travel Club, Inc. Updates Shareholders of New Corporate Strategy and Direction
16 Juni 2014 - 2:15PM
Marketwired
Privileged World Travel Club, Inc. Updates Shareholders of New
Corporate Strategy and Direction
TIBURON, CA--(Marketwired - Jun 16, 2014) - The Board of
Directors and management of Privileged World Travel Club, Inc.
(OTCBB: PVCL) (OTC Pink: PVCL) (PINKSHEETS: PVCL) announced today
that they started negotiations for acquisitions of 2 companies in
the United States and 3 companies in China that will complement the
requirement needed to start receiving tourists from China in the
next 3 months.
The Company management wishes to inform the shareholders that
the US acquisitions include a travel company in Houston, Texas that
generates $7 Million in annual revenue and will sell 100% of its
operation for $220,000.00. Also another travel company in Seattle,
Washington that generates $5 Million in annual revenue and will
sell 100% of its operation for $150,000.00. Both companies will
provide facilities for travel arrangements, customer support, meet
and greet tourists arriving in the United States, as well as
technology that can complement Privilege's own technology.
In China the company management started negotiations with a
travel company in Beijing that generates $8 Million in annual
revenue and will sell 100% of its operation for $250,000.00.
Another company in Shanghai that generates $4 Million in annual
revenue and will sell 100% of its operation for $120,000.00.
Additionally the company will acquire a company in Guangzhou that
generates $6 Million annual revenue and will sell 100% of its
operation for $200,000.00.
All acquisitions are based on partial cash and partial company
restricted common stock. Management wishes to inform shareholders
that after the completion of all the acquisitions the total
estimated annual revenue that will be generated from all the
companies acquired will be approximately $30 Million, and it will
cost Privileged approximately a total of $940,000.00 in cash and
company restricted common stock.
The Company also is announcing that it is in the process of
employing one corporate manager to oversee the operations in the
United States and one corporate manager to oversee the operations
in China.
Management wishes to additionally inform shareholders that
whenever one of these acquisitions is concluded the Company will
release additional information concerning the details of the
acquisition.
ABOUT PRIVILEGED. www.privilegedwtc.com
The business of Privileged is to provide exclusive travel
services to persons ("Members") who elect to join the prestigious
Privileged World Travel Club (the "Privileged Travel Club") and
international travelers bound for the United
States. Immediately after joining, Members of the Privileged
Travel Club can begin enjoying the services their membership
offers. The Company provides luxury services with a high standard
of value. Company management feels that the prices offered by the
club are reasonable and very attainable by all Members to travel
any time they wish. The Company is specially focused to offer its
Members luxury membership travel products and services at specially
discounted prices. The Company's concept is to offer services to a
larger audience and thereby increase the reach to more
markets.
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking
statements. While these statements are made to convey to the
public the company's
progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent
management's opinion. The company's
operations and business prospects are always subject to risk and uncertainties. Triton
disclaims any obligation or intention to update any forward-looking
statement.
CONTACT: Privileged World Travel Club, Inc.
info@privilegedwtc.com
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