TA4U---Thank you kind sir!! JYSR--.66
JYSR--lookin' good--SScores has a rating of 62%--Optimistic
O/S 27,857,383---52 Week High .89
Joystar is a leading provider of syndicated technology, hosting and support services to the travel agent community. They provide online and expert travel services for the leisure and small business traveler.
Joystar, Inc. Closes $1.65 Million Equity Offering
1/27/06
ALISO VIEJO, CA, Jan 27, 2006 (MARKET WIRE via COMTEX) --
Joystar, Inc. (OTC BB: JYSR), one of the nation's largest and fastest growing travel agency networks and leading seller of cruises and vacations, announced today that it has closed on the sale of $1.65 million in non-registered equity securities. The financing, which was oversubscribed by $250,000, was completed by two accredited investors and an officer of the Company. Exact terms of the offering can be seen in the Company's 8K filing with the Securities and Exchange Commission.
Chinese investor Jeffrey Wu subscribed to $1,400,000 of the offering increasing his stake in the Company to over twenty percent. William M. Alverson, Joystar CEO, commented, "We are very pleased to have completed this offering at such favorable terms. It is every founder's dream to attract value-added investors who share in management's vision. We believe it will dramatically improve our prospects for future growth as well as carry us through to profitability this year."
Alverson continued, "Proceeds from the offering will be used to fuel the successful initiatives currently underway. Specifically, we intend to expand the reach of our home-based travel agent programs including Agent Advantage, Pro-100, and Hap*E, our enterprise solutions for home-based, host travel agencies (www.joystar.com). Our travel agent hosting programs have been very well received by the U.S. travel agent community and we continue to attract the top talent in the industry. This funding will fuel the Company's domestic growth in 2006 and also provide initial resources for the proposed globalization of our business models."
About Joystar
Joystar is the one of the nation's largest and fastest-growing leisure travel agency networks and a leading seller of cruises and vacations. The Company sells complex travel products including cruises, vacation packages and group travel through its national sales force of virtual travel agents and online affiliates. Joystar also offers comprehensive business opportunities that combine innovative technology, marketing opportunities and expert support services to the Company's independent and home-based travel agents. With Joystar, experienced and new travel agents can concentrate on promoting travel and creating client loyalty without the administrative and financial burden of owning/operating a traditional storefront travel agency.
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