To: blake roberts who wrote ( 34577) 4/10/2000 11:05:00 AM From: Amanda Marley-Clarke Respond to of 34592
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: email@example.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 firstname.lastname@example.org, for Wolf Industries Inc.