The following is about the purchase of the Travel Agency "Changes.com", for seven years I made that site, as well as many others dominate the search engines so well they were bought out. The deal smelled bad so I left, soon after for reasons out of my control it failed... horribly. That company was mine, it just happened to be owned by someone else I used to say. Every example of its performance was because of my work and to this day I'm darn proud of it. To see it fail the way that it did was painful. It took a lot of great people with it.
DynEco Acquires Changes in L'attitudes, a $6 Million Online Travel Company
TAMPA, FL -- (MARKET WIRE) -- February 13, 2006 -- DynEco Corporation (OTC BB:), through its
wholly owned subsidiary Dynamic Leisure Group, Inc. ("Dynamic"), announced
today that it has completed its first acquisition, Changes in L'attitudes
("Changes") of Largo, Florida. In business for more than 20 years, Changes
specializes in providing resort destination travel packages to the
Caribbean and Eastern Mexico via its online site http://www.changes.com. In
2005, Changes had unaudited annual sales of approximately $6 million with a
customer base exceeding 5,000.
Changes owns more than 100 unique Caribbean-specific URLs as well as hosts
several websites, which are frequently ranked in the top 5 for Caribbean
travel-related search keywords across all major search engines. A total of
3 million unique visitors were received through Changes' websites over the
last twelve months, and 100% of its business originates through the
Internet. DynEco purchased Changes and its numerous Internet assets in a
transaction valued at $1.75 million through a combination of cash and
stock. Details of the transaction will be available in the Company's Form
8-K to be filed at http://www.sec.gov.
DynEco CEO and President of Dynamic Daniel Brandano stated, "Changes is a
strategic fit with our business model to acquire companies with established
Internet brands carrying untapped market potential that can benefit from
our proprietary Tourscape technology platform. The Tourscape technology
platform will allow Dynamic to quickly establish a global presence as an
international leisure enterprise. Changes' vast inventory of highly
trafficked websites and numerous online brands focused on the highly
desirable Caribbean-Eastern Mexico market provide a strong platform for our
future growth. Dynamic plans to seamlessly integrate Changes' Internet
portfolio under a unified brand to collectively maximize lead generation
and increase direct-to-consumer sales."
In addition to its successful websites, Changes owns an email database of
30,000 subscribers and prior clients. Changes also owns a customized
booking engine and retains strong relationships with all airline suppliers,
including system-wide contracts with U.S. Airways and Air Jamaica.
Ray Valdes, president and founder of Changes, is among the early adopters
of the Internet travel origination market for wholesale and packaged trips.
Mr. Valdes has joined Dynamic's management team and will continue to
preside over Changes' established customer and supplier relationships. Mr.
Valdes commented, "Having witnessed the migration of the wholesale and
leisure travel industry from 'bricks and mortar' to online booking and
fulfillment, I believe Dynamic offers a unique value proposition to build,
manage and expand our online businesses. We look forward to creating a
strong competitive advantage by joining Dynamic."
With this acquisition, Dynamic gains Change's Internet properties including
www.Cayman-Islands.com and www.aruba-tours.com.
Information contained in this release regarding Changes, including the
unaudited results of operations for the year-ended December 31, 2005, is
based on information supplied by Changes and believed to be accurate at the
time of this release.
About Changes in L'attitudes
Established in 1984, Changes in L'attitudes ("Changes") opened its first
Internet travel based website in 1995. Since then, the Company has created
and hosted websites for most of the premier resorts in Jamaica, and plans
to feature all Caribbean island destinations in the future. Changes
destinations include Jamaica, Cayman Islands, Bahamas, St. Lucia, Antigua,
Bermuda, Cancun, Puerto Rico, the U.S. Virgin Islands, and the Riviera
Maya. Since 1995, Changes has been licensed under the Airlines Reporting
Corporation Payment Plan (ARC) and are good standing members of IATAN
(International Airline Travel Agent Network). For more information, visit
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