TRAVLANG.COM PROJECTS REVENUES TO RISE 400% IN 2001 BASED ON INCREASED TRAFFIC, ADDITION OF CONTENT, PRODUCTS AND SERVICES
BOCA RATON, FLORIDA , Julyt 27 2000 –
BOCA RATON, FL 1 December, 2000 iiGroup, Inc. (OTC: BB: IIGR), a publicly traded conglomerate formed for the purpose of bringing "new economy" business concepts to traditional "old economy" companies, today announced that its wholly owned subsidiary Travlang.com (www.travlang.com), a foreign language and travel website, is projecting its revenues to rise by approximately 400% in 2001 based on increased traffic, addition of content, and sale of foreign language related products on the website. Travlang has added three new languages to its Foreign Languages for Travelers Dictionaries – Eurish, Cornish, and Cantonese. The Travlang store has added more products, and is now selling foreign language learning products and tools for over 900 languages. The site has also added adventure travel, and both retail and discount travel for air, rail, cruises, cars and hotels.
"Our continued high growth of the number of unique visitors, along with many new product offerings in our Travlang store, allows us to project gross travel and product sales of $1.5 million dollars in 2000. Since our unique visitor counts remain high, we can anticipate premium advertising rates at increased frequency. Based on current activity and growth, we project total revenues for 2001 to be over $6 million dollars and for the company to achieve solid profitability" said Howard Brummer, President of Travlang.com.
"Our mission is to be the leading resource and clearinghouse for foreign language content, reference, services, resources and products, and to provide, through third parties, travel-related products and services. Because the non-English segment of the market is now growing at a faster rate than the English speaking segment, our traffic numbers continue to grow, and at the end of October 2000, Travlang already had more than 17 million visitors, compared to a total of 16 million for all of 1999" Brummer added.
Eric Kirkland, President of iiGroup said "Travlang is demonstrating that a business can provide a much-needed service to its customers over the Internet and, at the same time, increase the sales and profitability of the business. We look forward to Travlang’s continued growth both internally and through the acquisition of complementary businesses, whether they are Internet based or traditional bricks and mortar companies."
About Travlang
Travlang.com is the leading online provider of foreign language tools for travelers, with free access to the most extensive online database of foreign phrases, translations and dictionaries on the Internet. The Foreign Languages for Travelers Dictionaries are available in 74 languages with over 5,000 different language combinations, and the site also provides over 200 translating dictionaries in 16 different foreign languages. Travlang’s traffic has grown steadily and exceeds two million visitors a month. Travlang.com is a wholly owned subsidiary of iiGroup, Inc.
About iiGroup
iiGroup is a publicly traded conglomerate that was formed for the purpose of bringing "new economy" business concepts to traditional "old economy" companies. iiGroup was founded on the principal that the internet, and the related technologies that have resulted from the wide spread acceptance of the internet, will primarily benefit traditional businesses with strong fundamentals instead of new "internet companies" that have little operational experience. iiGroup, Inc. has 100% ownership of Travlang.com, and equity positions in GourmetMarket.com (OTC: BB:WINE), (www.gourmetmarket.com), SBN.com, and Nucell Wireless Corporation. iiGroup, Inc. has recently signed a Letter of Intent to acquire Nucell Wireless Corporation as a wholly owned subsidiary of iiGroup, Inc.
The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, regulatory approval processes, the impact of competitive products or pricing, unpredictability of patent protection, technological changes, the effect of economic conditions and other uncertainties detailed in iiGroup, Inc.’s filings with the Securities and Exchange Commission.
Contact:
Wall Street Marketing Group, Inc.
(949) 477-0640
Mark Taggatz