Exclusive Cruises & Resorts Inc. Announces Completion of New Corporate Web Site, www.xclustock.com|
MIAMI--(BUSINESS WIRE)--March 09, 2000--Exclusive Cruises & Resorts Inc. (OTC BB: XCLU) announced today that the company has established a corporate and investor related Web site at www.xclustock.com.
Dr. George Macropulos, chairman & president of Exclusive Cruises stated: "The establishment of our Web site is an enormous resource for both our clients and Investors. We are able to increase the company's visibility to a vast, and rapidly growing sector of Internet users. This site will also link potential investors/customers with www.eVacationClub.com and once completed, will allow us to fully integrate airline & cruise ticketing, car rental, and vacation sales through the Internet with our subsidiary ExclusiVacations, Inc." With similuar companies such as Travelocity.com, Expedia, Inc. (NASDAQ: EXPE), Priceline.com (NASDAQ: PCLN), Pegasus Systems Inc. (NASDAQ: PEGS) and Galileo International (NYSE: GLC), making substantial investments in the same Internet arena as ExclusiVactions, Inc. in the past 24 months, industry analysts James Kissane of The Bear Stearns Companies Inc. (NYSE: BSC) recently estimated Internet travel sales will approach $30 Billion by 2003 and will only be a fraction of the $3.7 trillion estimated to be spent on worldwide travel sales. "The potential for growth is outstanding," commented Dr. Macropulos. "If ExclusiVactions, Inc. can capture even a fraction of the overall spending numbers, XCLU should grow extremely well."
The site currently includes the company profile, all press releases, and comprehensive investor relations information.
Exclusive Cruises and Resorts, Inc. is the parent company of ExclusiVacations, Inc., it's principal sales and fulfillment arm. The company's sources of revenue include timesharing, cruise and room sales from its own properties, as well as general travel services to its customer base.
Financial statements in this press release other than historical facts are "forward-looking" statements within the meaning of section 27A of the Securities Act of 1933, section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results.
For Exclusive Cruises and Resorts, Inc.
Steven G. Trapp & Company, 888/253-2542