ULTIMATE RACK IDENTIFIES ACQUISITION CANDIDATE IN CUSTOM TRAVEL SERVICE OF ST. LOUIS, MISSOURI
PLANO, TEXAS / ACCESSWIRE / September 22, 2014 / Ultimate Rack (OTCQB: UTMR), a global holdings company focused on acquiring travel and leisure tourism companies globally, announced today it has identified its initial acquisition target, St. Louis, Missouri-based Custom Travel Service (http://customtravelservice.com/). The Company recently announced its plans to engage in a roll-up strategy of brick-and-mortar leisure travel agencies across the U.S.
Operating for over 20 years, Custom Travel Service (CTS) specializes in leisure travel booking and tour packages for a variety of clients. Through key partnerships including Royal Caribbean International, Celebrity Cruises, Sandals and Apple Vacations, CTS' broad offerings include tours, cruises and other vacation destinations, as well as customized experiences for destination weddings, family reunions, work conferences, and more.
Robert Oblon, Ultimate Rack CEO, commented, "Custom Travel Service is a profitable brick-and-mortar travel agent that also has significant room for growth. The integration of Travopoly's significant wholesale business and other synergistic travel benefits, including access to live agents and personalized service using Custom Travel, could prove to add significant value to the UTMR portfolio. We are currently performing due diligence on the firm, but are very optimistic about announcing next steps in the acquisition process."
Additionally, the Company previously announced that the corporate website has been updated and can be visited at www.ultimaterackinc.com.
About Ultimate Rack
Ultimate Rack, Inc. is a global holdings company created to acquire travel and leisure companies, marketing companies and technologies to elevate the way travel is sold around the world. Our "Blue Ocean" strategies for customer acquisition are powered by thirty plus years of online and offline experience in the worldwide travel space.
About Custom Travel Service
Established in 1986, Custom Travel Service is a full service travel agency committed to fulfilling the needs of clients, while surpassing individual expectations. The company provides domestic and international travel, tours, all-inclusive resort packages, airfare, hotels and transportation. For more information, visit www.customertravelservice.com.
About Travopoly
Travopoly operates a free subscription-based travel booking and membership site at www.travopoly.com. In addition, Travopoly has a number of branded, booking engines that target very popular destinations worldwide. These online properties, combined with newly acquired agencies in the U.S., can create a diversified portfolio of travel-centric operators.
This press release contains "forward-looking" statements that are based on present circumstances and on Travopoly's predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements, including any statements of the plans and objectives of management for future operations, are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements.
Forward-looking statements are made only as of the date of this release. Management does not undertake and specifically declines any obligation to update any forward-looking statements. Readers should not place undue reliance on these forward-looking statements.
This release may include "forward looking statements" within the meaning of Section 27 A of the Securities Act 1933 as amended, and Section 21 E and /or 27 E of the Securities Exchange Act of 1934, that are based on assumptions that in the future are inherently uncertain, may prove not to be accurate, and are subject to significant risks and uncertainties. These include, but are not limited to statements as to the future performance of the company, its ability to raise necessary financing, and other general economic risks and uncertainties.
For further information and inquiries:
Ultimate Rack Inc.
5600 Tennyson Parkway Suite 330
Plano, Texas 75024
Tel: 972 535 8931
SOURCE: Ultimate Rack