Resort Society Successfully Completes Phase 1 of Business Initiatives
8:15a ET June 5, 2009 (Business Wire)
Master Distribution Systems (Pink Sheets:MDBS) subsidiary Resort Society announced today that it successfully completed all of its target objectives for phase 1 of its operations.
To date Resort Society has acquired the Society Expeditions International brand and customer list, added key members to its veteran management team, established marketing and sales partnerships to drive revenues, and set up corporate offices in Bellevue, WA.
"Resort Society has completed the foundation and framework to meet or exceed our revenue and customer acquisition projections," said Senior Vice President Larry Grella. "We've assembled an exceptional management team in our new facility; our marketing and media campaigns will use state-of-the-art techniques and be very cost effective, and will leverage our acquisition of Society Expeditions brand and assets."
"Resort Society's goal is to deliver the finest travel experiences and industry-leading service to our customers while meeting and exceeding our business projections," added CEO Glenn McQuiston. "Our efforts to date have given Resort Society an exceptional opportunity to exceed our revenue targets of $30 million and customer acquisition targets of 2,000 in the first two years of operations."
About Resort Society
Resort Society is a leading provider of luxury travel and destination club memberships. Resort Society serves discriminating travelers seeking that exclusive travel experience only available to a select few.
For more information, visit www.resortsociety.com.
About MDBS
MDBS portfolio includes high-growth tourism and property development companies with strong management teams. MDBS deploys the right people, processes, skills and technologies to consistently deliver unparalleled value and bottom-line results to its shareholders. The company shares are listed for trading on the Pink Sheets exchange under the symbol MDBS.
For more information, visit www.masterdistributionsystems.com.
Note: Forward-Looking Statements
Some of the statements used in this News Release constitute forward-looking statements. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by such forward-looking statements. Such forward-looking statements include, but are not limited to, statements containing the words "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of such terms or other comparable terminology. These statements reflect management's opinions only and actual results may differ materially. This News Release does not constitute an offer to sell or a recommendation to buy any security as this information is intended solely for the purpose of general information only.
SOURCE: Master Distribution Systems
Master Distribution Systems Mr. Glenn McQuiston, 425-453-1090 glenn@masterdistributionsystems.com
Why would this stock dip so much with this positive news???
