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Second Wave Petroleum Inc SCSZF



GREY:SCSZF - Post by User

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Comment by Idiggoldon Oct 21, 2004 12:00pm
100 Views
Post# 8076336

RE: Idle here's a copy of the release

RE: Idle here's a copy of the releaseIdle here's last year update.... OCTOBER 28, 2003 - 13:00 ET SCS Solars Computing Systems Inc. General Update WEST VANCOUVER, BRITISH COLUMBIA-- TourTek Currently there are six contracted clients for the Service Bureau with 15 more under negotiations and we are receiving inquiries on a daily basis. The recent acquisition of Accovia U.S.A. (now Solars U.S.A.Inc) brings 30+ new clients all of whom are looking at the TourTek Service Bureau to give them on-line booking capability and vastly improve their functionality. According to Andrew McBarnett CEO of Caribbience "I looked at all systems and found TourTek to have the greatest functionality and most cost-effective business model available. I believe the TourTek Service Bureau will be the industry standard". All contracted clients will be fully implemented by year-end resulting in significant increase in revenue. Implementation time for TourTek clients can take several months due to the necessity of operating parallel systems for common sense security reasons. There are literarily thousands of tour operators using legacy software that are potential clients for TourTek. SolarNet SolarNet currently has 25 consolidators utilizing our distribution outlets. Once the Openfares interface is fully implemented we anticipate significant growth in our client base. Only one consolidator is live on Sabre Rate Manager (SRM) with 6 clients waiting for the completion of the Openfares API. Re-seller agreements/SolarNet/TourTek As previously announced there is three agreements in place with companies who provide desktop air content to travel agents. SCS also recently completed a sale of a TourTek system to a Hotel software provider. Centralization The company has completed its plan for centralization of all distribution and technology. SCS moved into new offices in Markham Ontario where all TourTek and SolarNet technology will reside. We have closed our Vancouver office and re-located to West Vancouver. This results in significant savings and greatly increases our efficiencies. The Future Our drive over the next two months is to bring the company to break-even. In order to attain this we need to drive the implementation of our existing contracted clients to live status. Once this goal has been achieved we will begin a significant marketing campaign in conjunction with third party re-sellers for TourTek and SolarNet products as well as adding new product lines. Travel Industry The travel industry has suffered several setbacks over the last two years but is now in recovery. SCS finds itself at the leading edge of travel technology with a huge market potential and very limited competition. The transition from flat monthly fees to a transaction-based model is now a starting to show real progress and 2004 is shaping up to be a major break through for Solars. This Media Release may contain forward-looking statements, which reflect the Corporation's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual events could differ from those projected herein and depend on a number of factors including the success of the Corporation's sales strategies. -30- FOR FURTHER INFORMATION PLEASE CONTACT: SCS Solars Computing Systems Inc. Pat Wilson Director Toll free: (877) 668-8666 or (604) 922-4772 loc 202 Email: pwilson@solars.com
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