| Business Summary | | 800
Travel
Systems,
Inc.
is
a
direct
marketer
of
travel-related
services,
focused
primarily
on
providing
leisure
air
and
cruise
reservation
services.
The
Company
provides
low-priced
air
and
cruise
line
tickets
for
domestic
and
international
leisure
travel
to
its
customers
through
its
toll-free
numbers,
through
its
Websites
on
the
World
Wide
Web,
at
LowAirfare.com
and
CruiseBrokers.com,
and
through
its
nationwide
network
of
approximately
1,500
independent
remote
travel
agents. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | 800
Travel
is
a
telemarketing
travel
company
which
provides
air
transportation
reservation
services
for
domestic
and
international
travelers
through
its
toll-free
numbers.
For
the
six
months
ended
6/30/01,
total
revenues
rose
14%
to
$7.5
million.
Net
loss
totaled
$1.6
million,
up
from
$435
thousand.
Revenues
reflect
an
increase
in
the
volumes
of
air
tickets
sold
due
to
Prestige
merger.
Net
loss
suffered
from
costs
related
to
the
Prestige
acquisition
and
litigation
settlement. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Peter Sontag, 57 | Chairman,
CEO | Robert Morgan, 35 | CFO,
Sec., Treasurer | Jorge Amador | VP-Operations | Frank Zhao, 40 | VP
and Controller | Biagio Bellizzi, 60 | VP-
Marketing |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|