Written by ι Stock Market Media Group Staff — March 19, 2014
Privileged World Travel Club, Inc. (OTCQB: PVCL) is highly undervalued at its current price per share. The company’s travel reservation software alone is valued at $30 million while its current market cap is less than $2 million. In a move that will further enhance its balance sheet, Privileged World Travel is adding more value with a new source of revenue by expanding its scope into the Chinese tourism market.
Privileged World Travel provides exclusive travel services to its members in the US. In addition, it caters to international travelers visiting the US. The company is poised to launch its first of many trips planned by Chinese tourists to locations throughout the country.
In a Travel Services Agreement arranged by the company, Privileged World Travel will introduce about 200,000 new Chinese tourists a year to 9 US cities, including; Los Angeles, San Francisco, Las Vegas, Chicago, New York City, New Orleans, Miami, Orlando and Boston. Gregory Lykiardopoulos, CEO and Chairman at Privileged World Travel, said he expects to generate gross monthly revenues of $2 million, or $24 million annually from this program.
The agreement calls for Privileged World Travel to bring tourists from China to the US for at least 5 years. The company’s CEO said of the agreement, “We’re proud to show off some of our most beautiful and sophisticated cities to Chinese tourists who are anxious to experience a taste of the American way of life.”
Privileged World Travel offers its members in the US and internationally luxury services with a high standard of value. In its mission to provide customers with hard-to-beat prices, the company’s offerings include reservations at hotels, resorts, on board cruises, airfare, rental cars, entertainment and amusement park tickets to name a few.