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Information obtained from Hoovers:, Inc.

Web Site:
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

U.S. Bancorp Piper Jaffray; CIBC World Markets


Fiscal Year-End: December

1998 Sales (mil.): $20.9
1-Yr. Sales Change: 67.9%

1998 Income (mil.): $(4.4)

Employees: 148

<< 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). 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;
COO Thomas Breitling, 40%. >>

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This company is the sole reservation company for, which is the website owned by Las Vegas Review-Journal & Sun. There was an article in the last issue of Editor and Publisher quoting a guy from Las that about $600K per months in reservations were being handled via the site BEFORE Travelscape offered air/hotel packeges. (They were just doing hotel)... And in one month they bumped up to $1 million once air was added.

Some great numbers, especially considering summer travel to Vegas is usually soft... Also, is just one of the conduits to this web site. Haven't read the prospectus, but would be interested to see some projected revenue for this company.

Anyone know if an on-line broker is doing the offering?
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