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Thursday, 02/19/2004 7:23:00 AM

Thursday, February 19, 2004 7:23:00 AM

Post# of 275590
~GVTS News...

Looks like we get a POP!


http://biz.yahoo.com/prnews/040219/sfth050_1.html

Gravitas Signs Letter of Intent to Acquire Hospitality Management Consortium 'NiteKlubz Entertainment Group'
Thursday February 19, 6:01 am ET


LAS VEGAS, Feb. 19 /PRNewswire-FirstCall/ -- Gravitas International Inc. (OTC Bulletin Board: GVTS - News; www.gravitas.biz) is pleased to announce that it has signed a Letter of Intent (LOI) to acquire the hospitality management consortium, NiteKlubz Entertainment Group. NiteKlubz Entertainment is a consortium of top hospitality consultants and operators in the North American hospitality industry. The acquisition of NiteKlubz is an important step in the Company's expansion of its technology and application in the entertainment sector. Gravitas sees tremendous potential and sales in deploying its technology to enhance existing nightclub attendance and post-visit marketing. NiteKlubz currently has operational management contracts with a number of established venues and will be expanding this revenue arm of its operations to include hotel, pub, restaurant and retail liquor operations upon completion of the acquisition by GVTS.
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"I have seen the Gravitas systems used in the nightclub environment, and I know the results it has produced from a customer relations, database and marketing standpoint. One of the most difficult aspects of the nightclub and hospitality industry is getting people to tell others about how much fun they had. The Gravitas systems do all the work for the bars. Attendance at two entertainment facilities doubled, using the Gravitas systems. That to me is the true test of the technology. We're excited to be a part of a company that is poised for expansion in this arena," stated Travis Talbot, CEO of NiteKlubz Entertainment Group.

NOTE: Safe Harbor for Forward-Looking Statements

This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components and successful production of the Company's products, general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.




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Source: Wannigan Capital Corp.

~Rig






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