Nordamerika.
travelbyus.com to Create Largest Cruise Distribution Group in North America
WHITE ROCK, British Columbia, Jan. 26 /PRNewswire/ -- travelbyus.com ltd. (Toronto Stock Exchange: TBU; Frankfurt Stock Exchange: TVB) is pleased to announce that it has entered into a letter of intent to acquire all of the issued and outstanding shares of privately held, Cruise & Vacation Shoppes America Ltd., New Orleans, Louisiana (``Cruise Shoppes'') for a purchase price of US$8 million payable in cash and shares. The transaction is subject to formal documentation and the obtaining of all requisite regulatory approvals.
By adding Cruise Shoppes to travelbyus.com's wholly owned GalaxSea Cruises division, travelbyus.com will represent the largest cruise distribution group in North America. Cruising is the fastest growing and most profitable sector of the travel industry.
Cruise Shoppes is a nationwide cruise and leisure sales organization with over 350 associate travel agencies coast to coast. The corporation has gross sales in excess of $300 million per annum. Through its preferred relationships with 28 major cruise lines, Cruise Shoppe members are in a position to offer consumers a diversity of cruise vacations to worldwide destinations with preferential pricing.
Bill Kerby, CEO of travelbyus.com stated, ``I am most impressed with the fact that over 200 of Cruise Shoppes' agencies are already online. Last year, these agencies generated in excess of $50 million in Internet sales. We plan to channel this business to the travelbyus.com Website, thereby offering consumers and agencies a host of additional services.''
Cruise Shoppes' in-house Web services division currently offers its members turnkey Web marketing programs including Website development. This division will play a significant role in completing travelbyus.com's conversion of its 1,100 International Tours and GalaxSea Cruise members to online e-commerce.
Cruise Shoppes has exclusive custom cruise/land packages that give their members a unique marketing edge over the competition. These packages combine cruise itineraries in Europe, Alaska, South America and the South Pacific with land arrangements that include hotel stays, tours, special amenities and other benefits.
In addition to its cruise suppliers, Cruise Shoppes also has preferred agreements with major tour companies including American Express Vacations, Brennan Tours, Delta Vacations, Global Travel Group, GoGo Worldwide Vacations, Insight Tours, Maupintour, SuperClubs, and Trafalgar Tours.
Gary Brown, President of Cruise Shoppes stated, ``Our innovative management team has worked closely with our members to make Cruise & Vacation Shoppes one of the top producing cruise organizations in the industry. I believe our being part of travelbyus.com will give us an opportunity to become the undisputed cruise industry leader.''
travelbyus.com is an Internet based travel company that is integrating some carefully selected traditional travel companies to give it a significant competitive advantage on the Web.
travelbyus.com to Create Largest Cruise Distribution Group in North America
WHITE ROCK, British Columbia, Jan. 26 /PRNewswire/ -- travelbyus.com ltd. (Toronto Stock Exchange: TBU; Frankfurt Stock Exchange: TVB) is pleased to announce that it has entered into a letter of intent to acquire all of the issued and outstanding shares of privately held, Cruise & Vacation Shoppes America Ltd., New Orleans, Louisiana (``Cruise Shoppes'') for a purchase price of US$8 million payable in cash and shares. The transaction is subject to formal documentation and the obtaining of all requisite regulatory approvals.
By adding Cruise Shoppes to travelbyus.com's wholly owned GalaxSea Cruises division, travelbyus.com will represent the largest cruise distribution group in North America. Cruising is the fastest growing and most profitable sector of the travel industry.
Cruise Shoppes is a nationwide cruise and leisure sales organization with over 350 associate travel agencies coast to coast. The corporation has gross sales in excess of $300 million per annum. Through its preferred relationships with 28 major cruise lines, Cruise Shoppe members are in a position to offer consumers a diversity of cruise vacations to worldwide destinations with preferential pricing.
Bill Kerby, CEO of travelbyus.com stated, ``I am most impressed with the fact that over 200 of Cruise Shoppes' agencies are already online. Last year, these agencies generated in excess of $50 million in Internet sales. We plan to channel this business to the travelbyus.com Website, thereby offering consumers and agencies a host of additional services.''
Cruise Shoppes' in-house Web services division currently offers its members turnkey Web marketing programs including Website development. This division will play a significant role in completing travelbyus.com's conversion of its 1,100 International Tours and GalaxSea Cruise members to online e-commerce.
Cruise Shoppes has exclusive custom cruise/land packages that give their members a unique marketing edge over the competition. These packages combine cruise itineraries in Europe, Alaska, South America and the South Pacific with land arrangements that include hotel stays, tours, special amenities and other benefits.
In addition to its cruise suppliers, Cruise Shoppes also has preferred agreements with major tour companies including American Express Vacations, Brennan Tours, Delta Vacations, Global Travel Group, GoGo Worldwide Vacations, Insight Tours, Maupintour, SuperClubs, and Trafalgar Tours.
Gary Brown, President of Cruise Shoppes stated, ``Our innovative management team has worked closely with our members to make Cruise & Vacation Shoppes one of the top producing cruise organizations in the industry. I believe our being part of travelbyus.com will give us an opportunity to become the undisputed cruise industry leader.''
travelbyus.com is an Internet based travel company that is integrating some carefully selected traditional travel companies to give it a significant competitive advantage on the Web.
