SOURCE: Privileged World Travel Club, Inc.

Privileged World Travel Club, Inc.

April 03, 2014 08:30 ET

Privileged World Travel Club to Continue Growth in Support of Acquired Technology and Membership List

NEW YORK, NY--(Marketwired - Apr 3, 2014) -  Privileged World Travel Club, Inc. (OTCQB: PVCL) acquired two very powerful tools in the tourism and travel industry, technology and a Membership list, and according to CEO and Chairman Gregory Lykiardopoulos, the company plans to continue to expand its business model to support both the travel reservation software and a Membership list of 9 million individual names that it purchased from Triton Distribution Systems. With the summer tourism season fast approaching, Stock Market Media Group, a full service investment relations firm focused on research and content development, asked the CEO how the company will capitalize on these acquisitions.

With regard to the travel reservation software Lykiardopoulos said, "The new technology will allow Privileged to support companies in both the Business to Business and the Business to Consumer industry. Additionally, it allows us to provide services to international and domestic airlines, shipping companies, resorts, foreign tourist organizations, and many more."

Given the number of revenue generating opportunities the software offers, the CEO says the company can potentially offer the industry a new, successful technology. "Once Privileged reaches respectable growth, we will consider licensing the technology to other travel providers and vendors and charge them transaction and license fees. It is important to add that the travel industry is very conservative in developing new technology. It is time consuming and expensive. On the other hand if a company crosses the stage of development into implementation of the new technology, then the sky is the limit."

Privileged World Travel also possesses a Membership list of 9 million names that it plans to convert into its own members. When asked how the company will convert that list, Lykiardopoulos said, "First, we need to acquire 2 travel companies after financing is in place. These companies will have marketing support staff with call centers that will use email, direct telephone calls and possible partnerships with social network companies in the US, Europe and Asia." 

The CEO says that converting those members is made easier given his company offers more than most. "Travel club memberships are very expensive. Privileged membership is low cost. Most travel club memberships are limited in what they offer. Privileged offerings are quite extensive. The Majority of travel clubs, due to the technology they use, are forced into a limited business model; however, the proprietary technology that we will use, can be expanded to many facets of the travel industry internationally and domestically which allows us to accumulate diversified revenues."

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