SOURCE: Crystal International Travel Group

September 09, 2008 08:54 ET

Crystal International Travel Group Release Select Financial Information and Announce Intellifares Public Distribution Agreement With PurchaseIFares

MORRISTOWN, NJ--(Marketwire - September 9, 2008) - Crystal International Travel Group (PINKSHEETS: CINT) CEO Peter Gallic released current share information. "As of September 2nd, 2008, there were 215,660,159 shares issued and outstanding. Of this amount, 104,476,333 shares are held by management and directors."

Gallic also announced today Intellifares Ltd., a division of Crystal International Travel Group, has renewed a distribution agreement with PurchaseIfares. PurchaseIfares signed a contract last year to distribute the Intellifares product to travel agents and pre-paid travel clients. Due to complications involving domestic security and allocation of airfare to third party contractors, impediments were encountered to a wide distribution of the Intellifares product within the travel industry. The renewing of the agreement includes a provision to allow PurchaseIfares to sell the Intellifares product directly to the public, a sales channel that was not previously available.

"This solves a barrier to delivery of the Intellifares product we encountered last year," Gallic said.

PurchaseIfares will make Intellifares available to the public starting November 1st with pre-registration starting October 15th. According to the agreement PurchaseIFares will make two payment options available to the public. The first option will offer a 5% discount on the Intellifare with payment in full and the second payment option will offer 30 equal payments to be billed monthly after the initial 20% down payment.

PurchaseIFares will make Intellifares available on their website: www.PurchaseIFares.com

Contact Information

  • Contact:
    Dan Gallic
    (908) 507-0156

    Intellifares Ltd.
    2160 Headquarters Plaza
    Morristown, NJ 07960
    (866) 663-1808