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Welcome to InfoCenter!
We currently serve over 850 hotels, motels and hostels across North America as well as dozens of B & B's and other services. They use us because like you, they are looking for maximum results in their marketplace, and realize that being able to reach qualified customers at the moment they require services is important. Last year INFOCENTER was instrumental in providing rooms for over four million travelers, who by nature are apt to search for the best values in the city they arrive in.
http://www.infocenter-inc.com/
Form 10QSB/A for BUDGETHOTELS COM INC
--------------------------------------------------------------------------------
16-Apr-2003
Quarterly Report
ITEM 6. MANAGEMENT'S DISCUSSIONS AND ANALYSIS OR PLAN OF OPERATIONS.
The following discussion should be read in conjunction with the consolidated statements and the notes thereto:
OPERATIONS DURING THE INTERIM PERIOD OF FEBRUARY 28, 2003.
Net sales for the three month period ended February 28, 2003 were $218,065, compared to sales of $188,362 for the comparative three month period ended February 28, 2002 as a result of the sale of one of the Company's domain names.
The Company had a net loss of $11,288 for the three month period ending February 28, 2003 compared to a net loss of $120,761 for the comparative period ended February 28, 2002 as a result of a significant decrease in general and administrative expenses.
LIQUIDITY AND CAPITAL RESOURCES
The Company's cash overdraft decreased by $20,020 November 30 2002, by settling certain expenses by the issuance of stock. The Company expects to raise the necessary additional working capital to sustain operations until profitability is achieved from a combination of: reduction of expenses, settling certain liabilities through the issuance of stock and, possibly, a private placement.
RESULTS OF OPERATIONS
i) SALES
A breakdown of the net sales is as follows:
FOR THE THREE MONTHS
ENDED FEBRUARY 28
----------------------
2003 2002
-------- --------
Internet travel web site revenue $ 32,069 $ 10,548
Advertising display boards 130,562 173,670
Sale of domain name 49,500 --
Internet Kiosks and other 5,934 4,144
-------- --------
$218,065 $188,362
======== ========
Revenues from the Company's Internet travel based web sites increased for the three month period ended February 28, 2003 in the amount of $21,521 (i.e.) 204% compared to the three month period ending February 28, 2002.
Revenues from the Company's advertising display boards have decreased for the three month period ended February 28, 2003 in the amount of $29,344 (i.e.) 16% compared to the three month period ending February 28, 2002.
ii) GROSS PROFIT MARGINS
The Company's commission costs for the three month period ending February 28, 2003 were $41,220 or 19% of net sales compared to $33,898 or 18% of net sales for the comparative period, and as a result the Company's gross profit margins from operations amounted to 81% compared to a gross profit margin of 82% for the comparative period.
iii) GENERAL AND ADMINISTRATIVE EXPENSES
The Company's general and administrative expenses decreased from $256,867 for the three month period ending February 28, 2002 to $167,596 for the comparative period ending February 28, 2002.
The decrease in the general and administrative expenses was primarily due to a streamlining of the Company's operations.
iv) INCOME (LOSS) FROM OPERATIONS
As a result of the sale of one of the Company's domain names and decreased general and administrative costs, the Company's net loss decreased from $120,781 for the three month period ending February 28, 2003 to $11,288 for the three month period ending February 28, 2003.
Form 10QSB for BUDGETHOTELS NETWORK INC
--------------------------------------------------------------------------------
15-Jul-2003
Quarterly Report
ITEM 6. MANAGEMENT'S DISCUSSIONS AND ANALYSIS OR PLAN OF OPERATIONS.
The following discussion should be read in conjunction with the consolidated statements and the notes thereto:
OPERATIONS DURING THE INTERIM PERIOD OF MAY 31, 2003.
(i) For the three month period ended May 31, 2003:
Net sales were $169,941 compared to sales of $145,417 for the comparative three month period ended May 31, 2002.
The Company had a net loss of $60,437 compared to a net loss of $88,850 for the comparative three month period ended May 31, 2002. The decrease is due to a decrease in general and administrative expense.
(ii) For the six month period ended May 31, 2003:
Net sales were $388,006, compared to sales of $318,023 for the comparative three month period ended May 31, 2002. The increase is due to the sale of one of the Company's domain names plus an increase in hotel bookings..
The Company had a net loss of $71,725 compared to a net loss of $209,611 for the comparative six month period ended May 31, 2002. The decrease is due to an increase in net sales and a decrease in general and administrative expenses.
LIQUIDITY AND CAPITAL RESOURCES
The Company decreased its cash overdraft by $34,360 from November 30, 2002. The Company expects to raise the necessary additional working capital to sustain operations until profitability is achieved from a combination of: reduction of expenses, settling certain liabilities through the issuance of stock and, possibly, a private placement.
RESULTS OF OPERATIONS
i) SALES
A breakdown of the net sales is as follows:
FOR THE SIX MONTHS FOR THE SIX MONTHS
ENDED MAY 31 ENDED MAY 31
------------------- -------------------
2003 2002 2003 2002
-------- -------- -------- --------
Internet travel web site revenue $ 48,265 $ 9,933 $80,334 $ 18,703
Advertising display boards 116,299 129,806 246,861 290,108
Sale of domain name -- -- 49,500 --
Internet Kiosks and other 5,377 5,678 11,311 9,212
-------- -------- -------- --------
$169,941 $145,417 $388,006 $318,023
======== ======== ======== ========
ii) GROSS PROFIT MARGINS
The Company's commission costs for the three month period ending May 31, 2003 were $38,990, or 23% of net sales compared to $15,798 or 10% of net sales for the comparative period, and as a result the Company's gross profit margins from operations amounted to 77% compared to a gross profit margin of 90% for the comparative period. The increase in commission costs is as a result of an increase in developing new display board and internet travel bookings
The Company's commission costs for the six month period ending May 31, 2003 were $80,210 or 21% of net sales compared to $33,898 or 18% of net sales for the comparative period, and as a result the Company's gross profit margins from operations amounted to 79% compared to a gross profit margin of 82% for the comparative period.
(iii) GENERAL AND ADMINISTRATIVE EXPENSES
The Company's general and administrative expenses decreased from $199,750 for the three month period ending May 31, 2002 to $171,045 for the comparative period ending May 31, 2003. The decrease in the general and administrative expenses was primarily due to a streamlining of the Company's operations.
The Company's general and administrative expenses decreased from $440,861 for the six month period ending May 31, 2002 to $338,641 for the comparative period ending May 31, 2003. The decrease in the general and administrative expenses was due to a streamlining of the Company's operations.
(iv) INCOME (LOSS) FROM OPERATIONS
As a result of decreased general and administrative costs, offset by increased commission costs, the Company's net loss decreased from $88,850 for the three month period ending May 31, 2002 to $60,437 for the three month period ending May 31, 2003
As a result of the sale of one of the Company's domain names and decreased general and administrative costs, the Company's net loss decreased from $209,611 for the six month period ending May 31, 2002 to $71,725 for the three month period ending May 31, 2003.
Form 10QSB for BUDGETHOTELS NETWORK INC
--------------------------------------------------------------------------------
15-Oct-2003
Quarterly Report
ITEM 6. MANAGEMENT'S DISCUSSIONS AND ANALYSIS OR PLAN OF OPERATIONS.
The following discussion should be read in conjunction with the consolidated statements and the notes thereto:
OPERATIONS DURING THE INTERIM PERIOD OF AUGUST 31, 2003.
(i) For the three month period ended August 31, 2003.
Net sales were $165,743 compared to sales of $210,266 for the comparative three month period ended August 31, 2002. The decrease is due to a decrease in display board and on-line bookings during the summer months.
The Company had a net loss of $70,506 compared to a net loss of $58,886 for the comparative three month period ended August 31, 2003. The increase was as a result of a decrease in net sales.
(ii) For the nine month period ended August 31, 2003.
Net sales were $553,749, compared to sales of $ 528,289 for the comparative nine month period ended August 31, 2002. The increase is due to the sale of one of the Company's domain names offset by a decrease in display board and on-line bookings during the summer months.
The Company had a net loss of $142,231 compared to a net loss of $268,497 for the comparative nine month period ended August 31, 2002. The decrease is due to a significant decrease in general and administrative expenses.
LIQUIDITY AND CAPITAL RESOURCES
The Company's decreased its cash overdraft by $15,498 from November 30, 2002, by settling certain expenses by the issuance of stock. The Company expects to raise the necessary additional working capital to sustain operations until profitability is achieved from a combination of: reduction of expenses, settling certain liabilities through the issuance of stock and, possibly, a private placement.
RESULTS OF OPERATIONS
i) SALES
A breakdown of the net sales is as follows:
FOR THE THREE MONTH FOR THE NINE MONTHS
ENDED AUGUST 31 ENDED AUGUST 31
---------------------- ----------------------
2003 2002 2003 2002
-------- -------- -------- --------
Internet travel web site revenue $ 26,263 $ 23,183 $ 68,126 $ 69,268
Advertising display boards 137,251 183,215 429,474 445,941
Sale of domain name -- -- 49,500 --
Internet Kiosks $ 2,229 3,868 6,649 13,080
-------- -------- -------- --------
$165,743 $210,266 $553,749 $528,289
======== ======== ======== ========
Revenues from the Company's Internet travel based web sites increased for the three month period ended August 31, 2003 in the amount of $3,080 (i.e.) 13% compared to the three month period ending August 31, 2002 and a decrease of $1,142 (i.e.) 2% for the nine month period ended August 31, 2003 compared to the nine month period ending August 31, 2002.
Revenues from the Company's advertising display boards decreased for the three month period ended August 31, 2003 in the amount of $45,964 (i.e.) 25% compared to the three month period ending August 31, 2002 and a decrease of $16,467 (i.e.) 4% for the nine month period ended August 31, 2003 compared to the nine month period ending August 31, 2002.
ii) GROSS PROFIT MARGINS
The Company's commission costs for the three month period ending August 31, 2003 were $24,624 or 15% of net sales compared to $21,032 or 10% of net sales for the comparative period, and, as a result, the Company's gross profit margins from operations amounted to 85% compared to a gross profit margin of 90% for the comparative period.
The Company's commission costs for the nine month period ending August 31, 2003 were $104,834 or 19% of net sales compared to $70,728 or 13% of net sales for the comparative period, and, as a result, the Company's gross profit margins from operations amounted to 81% compared to a gross profit margin of 87% for the comparative period.
iii) GENERAL AND ADMINISTRATIVE EXPENSES
The Company's general and administrative expenses decreased from $228,799, for the three month period ending August 31, 2002 to $191,507 for the comparative period ending August 31, 2003. The decrease in the general and administrative expenses was primarily due to a continued streamlining of the Company's operations.
The Company's general and administrative expenses decreased from $669,660 for the nine month period ending August 31, 2002 to $530,148 for the comparative period ending August 31, 2003. The decrease in the general and administrative expenses was primarily due to a streamlining of the Company's operations.
iv) INCOME (LOSS) FROM OPERATIONS
As a result of the decrease in display board and on-line bookings, the Company's net loss increased from $58,886 for the three month period ending August 31, 2002 to $70,506 for the three month period ending August 31, 2003. As a result of the sale of one of the Company's domain names and reduced general and administrative costs, the Company's net loss decreased from $268,497 for the nine month period ending August 31, 2002 to $142,231 for the nine month period ending August 31, 2003.
Budgethotels Network Inc. Announces the Appointment of President and CEO
Friday November 14, 9:00 am ET
VANCOUVER, Nov. 14 /PRNewswire-FirstCall/ - Budgethotels Network Inc. (OTCBB: BUDH - News) is pleased to announce the following executive appointment intended to facilitate the further development of the company's asset base.
- Mr. Gary R. Reagh of Vancouver, B.C. has been appointed President, CEO
and director of Budgethotels effective Monday, November 17, 2003. Mr
Reagh brings a highly successful background in business and financial
management to the company. It is intended that the Board of Directors
will be further increased in order to effectively represent the
shareholder's interests.
- Corporate headquarters has moved from Kelowna, BC to Vancouver, BC and
will be located at the following address:
1260 Hornby Street
Vancouver, B.C. Canada
V6Z 1W2
ABOUT BUDGETHOTELS:
Budgethotels Network Inc. provides services for the "budget" traveler through two compatible networks;
(1) Reservation Centers; Advertising and commission revenues are received
by the company through its Reservation Centers located in major
transportation terminals under long term exclusive agreements with
Amtrak, Greyhound Lines, New York Port Authority and Via Rail.
(2) Online travel reservations; The company's primary website,
www.budgethotels.com, features more than 45,000 hotels, motels, bed
and breakfast and youth hostels around the world.
For further information contact
Investor Relations at:
1.877.633.1337
investors@budgethotels.com
Positive Outlook at Budgethotels (BUDH:OTCBB) - New CEO Announces Positive Cash Flow, Expanding Sales
Monday December 8, 9:00 am ET
VANCOUVER, Dec. 8 /PRNewswire-FirstCall/ - Mr. Gary Reagh, President and CEO wishes to announce the following corporate developments:
As a result of changes introduced by management, operating costs have been reduced by approximately $200,000 annually. Based on the current level of sales and cost savings the Company expects to have positive cash flow from operations for the quarter beginning December 1, 2003.
The Company's annual advertising revenues of approximately $550,000, that it earns from its existing advertising and reservation boards, www.infocenter-inc.com, represents less than 30% utilization of the existing boards. To achieve a greater utilization of the boards the Company is in the process of developing a North American network of direct area sales representatives to supplement its existing team of telemarketers.
Budgethotels currently features approximately 600 hotels and other advertisers, that are unique to Budgethotels and aimed at the "budget" online traveler, that pay an annual subscription fee to be on its website www.budgethotels.com. The Company has a target of increasing this number to approximately 5,000 advertisers over the next 18 months.
The Company had a 90 day agreement with a major Hotel Reservation Corporation whereby Budgethotels provided space on various advertising boards and earned a commission on all reservations made from the boards. While the 90 days have expired both companies have continued to operate under the terms of the original agreement and have expanded the relationship to include having all calls made to Budgethotels' 800 number on its website be handled by the major party's call center.
ABOUT BUDGET HOTELS:
--------------------
Budgethotels Network Inc. provides services for the "budget" traveler through two compatible networks;
(1) Advertising and Reservation Boards; Advertising and commission
revenues are earned by the company through its advertising and
reservation boards, www.infocenter-inc.com, located in major
transportation terminals under long term exclusive agreements with
Amtrak, Greyhound Lines, New York Port Authority and Via Rail.
(2) Online advertising and travel reservations; Advertising and
commission income is earned by the company through its primary
website, www.budgethotels.com, that features more than 45,000 hotels,
motels, bed and breakfast and youth hostels around the world.
Information:
Investor Relations, 1.877.633.1337
investors@budgethotels.com
Marketting agreement with PRICELINE ( as per March 24th)
and European expansion......hmmmm..could be interesting.
Budgethotels.com, Inc. Owns Over 80 'Budget' Travel -Related URL's
POINT ROBERTS, Wash.--(BUSINESS EDITORS)--Sept. 12, 2000--Budgethotels.com (OTCBB:BUDH - news)
Mr. William J. Marshall, President and CEO, announces that as part of the Company's plan to become a major participant in the budget travel industry, it has now registered over 80 travel related Internet URL's since 1996.
Included under the Company's umbrella of ``budget'' related Internet websites are:
budgetairlines.com budgetravel.com
budgetvehicles.com budgetresorts.com
budgethostels.com budgetcharters.com
budgetholidays.com budgetskiing.com
budgetcamping.com budgetentertainment.com
The Company is currently receiving over 4 million hits per month of with aprox 90,000 unique visitors. This large number of unique visitors/hits is particularly significant as the Company has not even begun to actively market the site. This is an area of rapid revenue growth for the Company and the plans and funding required to maximize these revenues are a focus of the updating of the Company's Business Plan, which is scheduled to be completed the third week of September 2000.
Budgethotels.com, Inc. is becoming a leader in providing innovative Internet hotel reservations and its Info Center division is rapidly expanding its advertising board locations for services for budget travelers. There are currently 73 Info Center Boards across the U.S.A and Canada. Budget travel is by far the largest segment of the rapidly growing travel industry with expenditures of over 750 billion.
Budgethotels.com, Inc. is listed on the OTC Bulletin Board, symbol BUDH.
Certain information included in this communication (as well as information included in oral statements or other written statements) made, or to be made by Budgethotels.com, Inc. may contain statements that are forward looking. Statements relating to the future anticipated direction of the internet industry, plans for future expansion, various business developments, activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated.
--------------------------------------------------------------------------------
Contact:
William J. Marshall
800/548-4432
wmarshal@budgethotels.com
Founder: The Free and Clear Foundations of Earth, Chairman & CEO Penny King Productions, The Free and Clear Bancorporation, Senior Trustee; The Free and Clear Fund, and Janitor for the Global Morass of Debt Instruments.
If you havent heard of this one yet, get out your notepad, and start doing your research. Many big things are in the works for this small company with great revenue, and a solid future.Go to their website budgethotels.com to see what they are all about.Small float with only 12.5 million shares outstanding, and most of that is still controlled by insiders.Lots of shares traded this week, and more interest is coming.Investors are lining up around the block to get into this one.Take a look and come back with some responses>
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