Press Release: inTRAVELnet.com inc.
VANCOUVER, British Columbia, Dec. 12 /PRNewswire/ -- inTRAVELnet.com inc. (OTC Bulletin Board: ITVRF) announces
that it set a new monthly Travel Club membership sales record in November 2000. A total of $1,964,732 CAD in new
Travel Club memberships were sold, up 90% from the same period last year when sales reached $1,032,570.
For the 12 months from December 1, 1999 until November 30, 2000, memberships increased 85%, from 5,367 members
to 9,937 members, while year-to-date memberships (from January 1, 2000 until November 30, 2000) rose 78% from 5,578
to 9,937 members.
``With eleven month sales through November 30, 2000 exceeding $16 million, we are on track to meet our internal
targets of in excess of $26 million in Travel Club membership sales for 2001, and to record over $12 million in
collateral travel bookings,'' said Dan Clozza, President & CEO, inTRAVELnet.com.
Separately, the Company announced that all issues between Stox.com Inc. and inTRAVELnet.com inc. have now been
resolved by mutual agreement. inTRAVELnet.com is free to develop its relationship with Mr. David Owen. inTRAVELnet.com
makes no claim to any intellectual property developed and owned by Stox.com Inc. As part of the arrangement, Stox.com
Inc. will return 500,000 lettered shares of inTRAVELnet.com previously issued to Stox.com Inc.
About inTRAVELnet.com
inTRAVELnet.com is a rapidly growing leisure travel and information services company that is preparing to launch
an innovative e-commerce Web site catering to the $6.1 billion timeshare resort market. Current operations include:
a rapidly growing international Travel Club with over 9,900 members in North America linked to the Company's network
of thousands of participating resorts and other travel service providers, a luxury houseboat Vacation Club providing
vacation intervals to its members, and a fleet of luxury houseboats used to service the Vacation Club. inTRAVELnet.com
common stock is traded on the OTC Bulletin Board under the symbol ITVRF.
Web site: http://www.intravelnet.com
e-mail inquiries: info@intravelnet.com
The Private Securities Litigation Reform Act of 1995 provides a ``Safe Harbor'' for forward-looking statements.
Certain information included in this press release as well as information included in oral statements or other
written statements made or to be made by the Company) contains statements that are forward-looking, such as statements
relating to anticipated future revenues of the Company and success of current product relating to anticipated future
revenues of the Company and of current product offerings. Such forward-looking information involves success, important
risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such
results may differ materially from those expressed in any forward-looking statements made by or on behalf of the
Company. For a description of additional risks and uncertainties, please refer to the Company's filings with the
Securities and Exchange.
The Company's revenues, sales, projected revenue and/or sales are stated in Canadian dollars unless stated otherwise.
That portion of revenue from members, which entitles them to use the Company's vacation privileges at a future
date, is deferred as unearned membership sales and dues and is recognized in income evenly over the life of the
member's entitlements.
SOURCE: inTRAVELnet.com inc.