Looks like this PR went over real well today! LOLOL
Resort Society Well Positioned for Luxury Industry Recovery
Date : 06/17/2009 @ 8:15AM
Source : Business Wire
Stock : Master Distribution Systems (MDBS)
Quote : 0.0065 -0.0035 (-35.00%) @ 7:52AM
Resort Society Well Positioned for Luxury Industry Recovery
Master Distribution Systems (PinkSheets: MDBS) wholly owned subsidiary luxury travel provider Resort Society’s “new products” are all slated to come on line in 2011. With sales and marketing up to two years in advance, sales in 2009 and 2010 are expected to be very robust. According to a report published by Bain & Company, for luxury brands that serve high net worth customers, spending will stabilize in 2010, increase in 2011 and experience a robust recovery in 2012.
Resort Society expects that it will garner a far bigger share of this recovery due to its Performance Satisfaction Guarantee which protects every Resort Society traveler should they not be completely satisfied. Resort Society is the only travel provider offering such a guarantee program.
“Without current offerings to support, we are well-positioned to make advance sales for our first departures slated for 2011. Therefore, we are uniquely situated as we move forward to the recovery without having the burden of selling programs and unloading inventory in this down year,” declared CEO Glenn McQuiston. “A number of luxury providers, including Burberry, Valentino and Hermes, have recently reported they project dramatic recoveries for their luxury goods and services.”
About Resort Society
Resort Society is a leading provider of luxury travel and destination club memberships. Resort Society serves the 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.
