|From: TMcNasty (Rep: 12)||Date: 11/20/2009 18:21|
|Forum: Budget Center Inc. - Msg #0||Thread #672834015 (Rec: 0) |
|Seemed to have quite an effect today. More upside Monday?|
2009-11-20 08:30 ET - News Release
LAS VEGAS -- (Business Wire)
Budget Center Inc. (Pink Sheets: BDGN) is pleased to announce that it has successfully completed the acquisition of 15 undeveloped “budget” category Universal Resource Locators (URLs) in the online travel and related industries.
These URLs include such highly relevant “budget” brand domains as: www.budgethotels.com, www.budgetairlines.com, www.budgetresorts.com, www.budgetentertainment.com, www.budgetravel.com, www.budgetskiing.com.
The domain www.budgethotels.com is ranked No. 1 in its category by Google.
Leading economists are now saying that the current economic downturn is forcing a lasting return to a culture of thrift, which will provide a favorable ongoing environment for the growth and development of Budget Center.
The online travel industry is immense with revenues in excess of $100 billion annually. According to Forrester Research, travel spending is expected to rebound starting in 2010 and continue upward through 2013. For online travel, the future outlook is very bright. Online leisure, unmanaged business, and managed business travel spending is expected to increase from $111 billion in 2008 to $117 billion in 2009 and reach $158 billion by 2013.
While the industry is currently dominated by well-known companies such as Expedia, Travelocity and Priceline, there exists an opportunity for Budget Center to establish a highly profitable brand focusing on the growing number of “budget” travelers worldwide.
Budget Center management is currently in discussions with a number of parties who have the financial and operational background necessary to enable Budget Center to maximize its revenue potential.
President and CEO Bob Chalmers commented, “We look forward to providing our shareholders with continued updates on our corporate progress as we go forward. We believe that the company is positioned for exciting growth and that the 'Budget' brand will attract a growing number of consumers.”
Budget Center Inc.
Bob Chalmers, CEO
Source: Budget Center Inc.
Please remember to do your due diligence on BDGN.
|NOTE: This message has been revised 2 times. Read original version of this message.|
TheLion.com | About Us | Agreement & Disclaimer | Privacy | Twitter
© 1999- TheLion.com, Inc.