Message #3 From:
NewsBot Date: August 31, 2006 05:30:00 AM
ONVC News Online Vacation Center Holdings Corp. Publishes Investor Fact Sheet to its Website
PLANTATION, Fla.--(BUSINESS WIRE)--Aug. 31, 2006--Online Vacation Center Holdings Corp. (OTCBB: ONVC), an aggregator of diversified vacation sellers, today announced the availability of the Company's recently published Investor Fact Sheet. The report, which provides an overview of Online Vacation Center Holdings and its strategy, is now available on the Company's website at http://www.onlinevacationcenter.com/ir/fact_sheet.pdf.
Online Vacation Center Holdings Corp., which became publicly traded in March 2006, came public with a goal of becoming a consolidator in the fragmented travel industry. The Company's management team is comprised of travel industry veterans, each with more than 30 years of industry experience that are well suited to a growth through acquisition strategy.
In 2005, the Company had revenues of $8 million on $38 million of vacation sales and had net income of $2.2 million. For the first six months of 2006, revenue was $3.8 million and net income was $363,570. The Company had cash of $2.9 million as of 6/30/06 and no debt.
About Online Vacation Center
Online Vacation Center Holdings Corp., based in Plantation, Florida, is focused on building a network of diversified vacation sellers with a range of products that can be cross-sold to an extensive customer base. Target businesses will be financially and technologically sound and provide a high degree of personalized service to help customers research, plan and purchase a vacation. The Company, today one of the country's largest cruise retailers, has been in business for over 30 years and became publicly traded in March 2006. Additional information can be found at www.onlinevacationcenter.com.
Certain statements in this press release may be "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect revenue, operating expenses or net earnings; projections of growth; and assumptions relating to the foregoing. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or qualified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking information. These factors are discussed in greater detail in the company's filings with the Securities and Exchange Commission.
