Travel Services Fuel Growth; RaceAway Hospitality Boosts Treasury Intl Revenues 1000%
LIBBY, Mont., July 3 -- Treasury International, Inc. (BULLETIN BOARD: TRUY) recently reported that revenues from operations for the first quarter increased 1000% compared to the Q1 2002.
Dale Doner, CEO Treasury International Inc. notes, "The surging travel-hungry racecar-fascinated industry is boosting RaceAway Hospitality to perform nicely, at expectations. The fans' demands far exceeded our resources at the May NASCAR in Richmond. We were about to be oversubscribed and were forced to stop marketing the event. RaceAway is definitely the recipient of an America in love with taking weekend trips to get closer to professional car racing."
According to the quarterly filed Monday June 23: "Revenues from operations for the three months ended April 30, 2003 were $73,994 as compared to $7,000 for the three months ended April 30, 2002, an increase of $66,994. The increase in revenues was principally generated by one of the Company's wholly-owned subsidiaries, RaceAway Hospitality, Inc., which was acquired in November 2002."
www.edgar-online.com/bin/edgardoc/finSys_main.asp?dcn=0001017386-03- 000128&nad=
About RaceAway
RaceAway Hospitality, subsidiary of Treasury International, Inc., promotes and sells sports hospitality and travel packages centering on the growing motor sports industry. RaceAway Hospitality's services include ticketing, hotel arrangements, transportation, and concierge staff. RaceAway also plans to market major event management services: hunting and fishing packages, professional baseball, professional and college football, and other travel- related programs.
www.raceawayhospitality.com/ About Treasury
Treasury International, Inc. is an acquisition and management corporation. Treasury plans to continue to acquire operations and assets in emerging technologies and key targeted vertical market sectors. Treasury anticipates gaining strategic market position with these subsidiaries, and through the subsequent implementation of their financial strategy expects to generate positive cash flow. Treasury may acquire or seek alliances with key competitors and others that have synergy with Treasury's products and services.
www.treasuryinternational.us Safe Harbor
Certain statements contained herein may be forward-looking in nature and are therefore subject to risks and uncertainties that could cause actual results to differ materially. The Company's recent acquisition history, progress toward completing the integration of its acquisitions, history of operating losses, current expense levels compared with its sales, and the state of development of its product portfolio, coupled with the overall economic and competitive operating environments pose a number of risks investors should take into consideration in connection with assessing our financial and operating results. A more detailed discussion of these and other important risk factors can be found in the documents filed with the Securities and Exchange Commission on forms 10-K and 10-Q.