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Recommendations: 0
Information obtained from Hoovers:
Travelscape.com, Inc.
Web Site: http://www.travelscape.com Expected IPO date: Week of July 19
Exchange: Nasdaq Proposed ticker: RSVN
Proposed offer price: $10.00 to $12.00 Shares offered (mil.): 5.0 Offering amount (mil.): $55.0 Post-offering shares (mil.): 20.0
Underwriters: U.S. Bancorp Piper Jaffray; CIBC World Markets
KEY NUMBERS
Fiscal Year-End: December
1998 Sales (mil.): $20.9 1-Yr. Sales Change: 67.9%
1998 Income (mil.): $(4.4)
Employees: 148
<< Travelscape.com is helping to sculpt the changing landscape of travel agencies. The company offers airline tickets, hotel rooms, and air/hotel packages over the Internet through accords with major airlines and hotel chains in 35 markets (90% of sales come from hotel rooms). Travelscape.com offers bookings at 335 hotels such as Doubletree, Hilton, and Marriott, and discount airfares with American Airlines, America West Airlines, Delta Air Lines, and Reno Air. The company also has contracts with several Las Vegas hotel/casinos and specializes in Las Vegas travel through its Las Vegas Reservation Systems subsidiary. Chairman and CEO Timothy Poster owns 47% of Travelscape.com; COO Thomas Breitling, 40%. >>
Jeanie
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