| Business Summary | | Travelport
Systems
Inc.'s
current
business
is
to
seek
a
privately
held
business
that
aims
to
become
a
publicly
held
corporation
through
a
change
in
control
reorganization
with
the
Company.
The
Company
currently
has
no
agreement
for
such
reorganization.
Travelport
Systems
had
a
business
plan
to
acquire
property
for
precious
metal
exploration
in
the
western
United
States.
However,
after
considering
several
properties,
the
Company
determined
that
the
properties
identified
were
not
suitable
to
fully
implement
an
exploration
and
development
project
in
the
United
States.
Pursuant
to
an
agreement
dated
June
14,
2000,
the
Company
purchased
a
100%
interest
in
Travelport
Media
Inc.
(TPI),
a
private
Internet
e-commerce
technology
and
content
development
company,
specializing
in
the
travel
and
hospitality
industry.
As
of
December
31,
2000,
the
Travelport
Systems
cancelled
the
share
purchase
options
with
TPI. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Travelport
Systems
is
presently
engaged
in
seeking
a
privately
held
business,
which
seeks
to
become
a
publicly
held
corporation
through
a
change
in
control
reorganization
within
the
Company.
For
the
three
months
ended
3/31/01,
the
Company
reported
no
revenues.
Net
loss
totaled
$30
thousand,
vs.
an
income
of
$8
thousand.
Revenues
reflect
the
absence
of
active
operating
activities.
Net
loss
reflects
the
absence
of
the
R&D
expense
recoveries
recorded
in
the
previous
period. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Patrick McGowan, 61 | Pres,
Director | Allen Schwabe, 43 | Treasurer,
Director | Peter Rook-Green, 59 | Sec. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|