FT. LAUDERDALE, FL--(MARKET WIRE)--Aug 13, 2007 -- Invicta Group Inc. (OTC BB:IVGR.OB - News) announced today the company has signed a Letter of Intent to acquire Extraordinary Vacations Group located in Ft. Lauderdale, FL
Extraordinary Vacations Group is a Pink Sheets company, symbol EXVG. The proposed purchase will be a stock for stock transaction, completed when EXVG completes its audit. The company has revenues of $5 million and projects profits in the 4th quarter 2007.
The company specializes in the Travel Industry with several subsidiaries including: Cruise Shoppes -- a Fort Lauderdale-based cruise consortium of 180 travel agencies that generate approximately $80 Million cruise and vacation sales annually; The Travel Magazine -- the world's largest and longest running series of over 160 travel shows, and boasting of several new contracts with Corporations such as CNN Airport and Voice of America; and Attaché Concierge Services -- a Toronto-based high end travel agency. The company has recently expanded its travel offerings and expertise to include "private label" affinity marketing solutions.
Bill Forhan, CEO of Invicta, states: "EXVG has experienced management and great travel, media and marketing reach that will help us grow Invicta through consumers, travel agents and travel suppliers. We will use operational and marketing synergies of both companies to increase revenues and profits, plus our combined services will lead to new business opportunities. EXVG and IVGR will work together to generate funding for the consolidated company."
z.B. http://www.feedsfarm.com/article/...47420ee9978eaffec6d60b5e098f.html |
