Crystal International Travel Group (CINT) and its Irish subsidiary, IntelliFares™ Ltd., announced today that ResortCom International has agreed to be a Development Partner.
November 3, 2007 by Timeshare News
Through the execution of a Letter of Intent outlining an exclusive development contract signed August 8, 2007, ResortCom, of San Diego, CA, has agreed to work with IntelliFares™ LTD over the next sixty days to develop a definitive contract regarding its future role as a distributor of the IntelliFares™ and I-Fares™ brands. Additionally the stipulated contract will include exclusivity clauses, co-marketing, joint-ventures in new product development and other business activities.
“We are extremely pleased to be partnering with ResortCom, as they are clearly a leader in resort and timeshare services in Mexico. Their 60% footprint in the vacationer/timeshare owner base market supported by their extensive sales force, customer programming and continuous product development, translates into IntelliFares™ potentially reaching hundreds of thousands of prospective consumers. As such, we believe this partnership represents a huge revenue and customer value added opportunity for both companies,” stated Peter Dugan, CEO of Crystal International.
“An average IntelliFares™ price to ResortCom’s key destinations of Puerto Vallarta and Cabo San Lucas is $1,600(a) total for five flights (one per year for five years inclusive) from California gateways. ResortCom has direct exposure to approximately 250,000 customers. As each customer travels in an average group of 3, (thereby their customer base can potentially equate to $1.2 billion in IntelliFares™ sales) each percentage point of market penetration we achieve in ResortCom’s portfolio is potentially worth $12 million in gross sales to us,” explained Robert H. Troni, President of IntelliFares. “We look forward to working together and opening this joint opportunity, since it is about much more than money,” said Jeff Healy, President of ResortCom. “It is about giving our customers the peace of mind to plan ahead and take the worry out of future travel and future price increases. Time share and vacation club owners love to plan ahead and it’s our commitment to them to seek out those tools to make their life more enjoyable and easier to manage,” Healy concluded.
About IntelliFares™ – IntelliFares Limited, Dublin, Ireland, is a wholly owned subsidiary of Crystal International Travel Group and markets IntelliFares™ (also branded as i-Fares™), a unique, travel product where Predictable Pattern Travelers (Timeshare and vacation homeowners, frequent cruisers, college students, etc.) can purchase “five years of travel at less than today’s price.” The patent pending process integrates forward and bulk purchasing disciplines with financial management methodology in partnership with UBS in order to lock in an air ticket price for the consumer over a five-year time period. It also provides a revenue share for distributors, reversing the decline in commissions available to the airline ticket distribution community. Details can be found at www.intellifares.com.
About ResortCom International – ResortCom is a leader in the Resort, Timeshare and Destination industry, specializing in a broad range of financial and management services, including also vacation club management, reservations, travel services, payment processing and marketing communications. Known internationally for its ability to profoundly impact resort and luxury travel businesses, ResortCom counts most of the leading Mexican resort and timeshare groups as its clients, and impacts more than 60% of the total Mexican timeshare market.
Safe Harbor Statement – This press release contains forward-looking statements, which are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the views of Crystal International Travel Group, Inc.’s (the “Company”) management regarding current expectations and projections pertaining to future events and are based on currently available information. The statements involve a number of risks and uncertainties, including the Company’s ability to complete a definitive agreement with ResortCom, successfully launch and stabilize its IntelliFares product, and other factors described in the Company’s respective filings with the Securities and Exchange Commission. Other unknown or unpredictable factors also may have material adverse effects on Crystal’s business, financial conditions and results of operations. Accordingly, readers should not place undue reliance on these forward-looking statements. The use of words such as anticipates, estimates, expects, is in process, intends, plans and believes, among others, generally identify forward-looking statements; however, these words are not the exclusive means of identifying such statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements and are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. The Company is not under any obligation and does not intend to publicly update or review any of these forward-looking statements, whether as a result of new information, future events or otherwise, even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized.
(a) Fare listed is based on the average price of an IntelliFares™ from Los Angeles and San Francisco for travel during the month of March 2008. Fares vary by month and holiday rates will apply. Consumers will also be responsible for additional charges at the time of ticket issuance, including taxes, PFCs and other non-fare related charges such as September 11 Security Fee and extraordinary fuel surcharges. Fares subject to change without notice and only the actual quoted fare at the time of the IntelliFares™ purchase will apply.










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