Tiburon, CA, May 06, 2013 --(PR.com
)-- Privileged World Travel Club, Inc. (PVCL- OTC BB), announced today that pursuant to a Travel Agreement, signed by Privileged World Travel Club, Inc. and a local Chinese prominent travel Company agreed to build and develop a travel-related website (the “Privileged Website”), using proprietary reservation software, that will permit the preparation of consolidated itineraries for travel within China, through a link to an external Chinese GDS. Additionally a second website will provide facilities for Chinese Tourists to travel internationally within the United States, including travel relating to the following cities: San Francisco, California; Los Angeles, California; Las Vegas, Nevada; Chicago, Illinois; Miami, Florida; Boston, Massachusetts; New York, New York; New Orleans, Louisiana; and Orlando, Florida. Furthermore, through the Privileged Website, the Company agreed to provide consolidated itineraries for both the Chinese domestic travel and international travel to and among the Travel Cities by Chinese Citizens traveling to any one or more of the Travel Cities. Finally, the Company agreed to arrange package tours to the Travel Cities, and will provide tour guide and assistance for such tours.
In exchange for these services the Travel Agreement provides that Privileged will be the exclusive provider of travel to the Chinese Tourists in conjunction with the facilities to visit cities in the US. It is also agreed that Privileged will be paid a fee for all booked travel including tour packages designed to specifically visit the 9 US cities mentioned above.
The term of this operation will be extended to December 2015, and may be renewed for additional one-year terms. It is estimated that this program will allow Privileged to enjoy an annual gross return of $40 Million. Based on 630 Chinese tourists visiting the US weekly.
Privileged Management is in the process of planning the development of the websites that will provide all the facilities needed for the Chinese tourists to begin booking their desired tour packages.
About Privileged. www.privilegedwtc.com
The business of Privileged is to provide exclusive travel services to persons (“Members”) who elect to join the prestigious Privileged World Travel Club (the “Privileged Travel Club”) and international travelers bound for the United States. Immediately after joining, Members of the Privileged Travel Club can begin enjoying the services their membership offers.
The Company provides luxury services with a high standard of value. Company management feels that the prices offered by the club are reasonable and very attainable by all Members to travel any time they wish. The Company is specially focused to offer its Members luxury membership travel products and services at specially discounted prices. The Company's concept is to offer services to a larger audience and thereby increase the reach to more markets.
This news release includes forward-looking statements. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. The company's operations and business prospects are always subject to risk and uncertainties. Triton disclaims any obligation or intention to update any forward-looking statement.
Privileged World Travel Club, Inc.