Company Signs LOI for Acquisition of Travelport Media Inc.
VANCOUVER, British Columbia, Apr 10, 2000 /PRNewswire via COMTEX/ -- The
following is issued on behalf of Wolf Industries Inc.:
Further to our news release of March 24, 2000, Wolf Industries Inc. (OTC
Bulletin Board: WLFN), is pleased to announce that it has signed a Letter of
Intent to acquire all the issued and outstanding shares of Travelport Media Inc.
Travelport Media Inc. has developed a marketing and reservation system for
on-line booking of tourist attractions, sight seeing tours, ground
transportation, restaurants and other visitor attractions. The Company's
Travelport Stations are being installed in a variety of prime international
tourist destinations. Each Travelport Station is located strategically in high
profile, four and five star hotels and other destination sites, and give the
traveling public the ability to view and book reservations and tickets for local
attractions and facilities. Travelport Stations play high definition DVD
interactive video on flat touch screens.
In addition to significant advertising revenue, the Company will generate income
by way of commissions from booking on-line attractions, restaurants, etc. The
Company maintains ownership of all digital content, which provides an
unparalleled on-line video library for licensing to a growing number of travel
related internet sites, including our own site, Travelport.com.
Also, Mr. David Smith has been appointed to the Board of Directors for Wolf
Industries Inc. effective April 7, 2000. Mr. Smith has extensive business
experience in tourism, publishing, real estate, investor relations and funding
public companies. His experience and input to this new venture for the Company
will be most valuable.
WOLF INDUSTRIES INC.
Patrick McGowan, CEO, Director
For Further Information, Call David Smith at 800-545-7214 toll free, or Email:
invest@uniserve.com.
Certain information included in this communication (as well as information
included in oral statements or other written statements made or to be made by
Wolf Industries Inc.) contains statements that are forward looking, such a
statements related to the future anticipated direction of the Internet industry,
plans for future expansion, various business development activities, planned
capital expenditures, future funding resources, anticipated sales growth and
potential contracts. These forward-looking statements are subject to a number of
known and unknown risks and uncertainties that could cause actual operations or
results to differ materially from those anticipated.
SOURCE Wolf Industries Inc.
(C) 2000 PR Newswire. All rights reserved.
http://www.prnewswire.com
CONTACT: David Smith, 800-545-7214, or invest@uniserve.com, for Wolf
Industries Inc.
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