SOURCE: Privileged World Travel Club, Inc.

Privileged World Travel Club, Inc.

March 26, 2014 08:30 ET

Privileged World Travel Club CEO Discusses Turning Assets Into Revenue Streams

NEW YORK, NY--(Marketwired - Mar 26, 2014) - Privileged World Travel Club, Inc. (OTCQB: PVCL) essentially shaped its future when it absorbed a $30 million asset in the form of a unique travel technology from Triton Distribution Systems. Stock Market Media Group, a full service research and content development investor relations firm, found this low-float company to be high in potential revenues and spoke to CEO and Chairman Gregory Lykiardopoulos about the many ways this technology can generate revenue streams for his investors.

Lykiardopoulos said, "By absorbing the Triton Reservation Expert technologies, we are now in possession of what appears to be the first major innovation in business to business technology in the travel industry since the 1970's. This will give Privileged World Travel one more source of potential revenue as it starts 2014 poised to gain market share across the US discount travel arena, Chinese tourism and now the global travel industry."

Because of this technology, the company is set to put a number of business models into action with the first being the growth of its Travel Club. The CEO said, "Privileged will be able to manage the International Travel Club more efficiently. We estimate about 150,000 new annual memberships will generate an average of $7.5 million. Additionally, Privileged will book on average $1.5 million a year from 15,000 estimated trips our members will book."

Privileged World Travel can also drive revenue by offering its technology to travel agents and different agencies around the world. Lykiardopoulos explains, "Privileged can provide international travel agents a reservation system in different languages. The company can also add 500 travel agents each month in Asia, South America, Eastern Europe, and Africa for a total of 24,000 agencies per year with average revenues of $1.2 Million." He added, "We can also provide International travel agencies a wholesale warehouse of inventory in hotels, cruises, trains, resorts, vacation packages, local airline inventories, and other travel products at a per booking fee of $1.00 for a total of $5 million annually."

The CEO went on to explain that Privileged World Travel can also provide these international agents with worldwide travel packages in different languages for estimated annual revenues of $3.5 million, and the company can add another $2 million annually by accommodating in-coming tourists to the US from other parts of the world. These revenues are in addition to the $24 million expected annually from a signed deal to bring around 200,000 Chinese tourists to the US over the next 5 years.

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