TRAVELSHORTS.COM, INC. (OTCBB: TLSH)

Editors Note:

Once in a while, you find a company that's in the right place at the right time. Don’t let the name fool you, Yes, they WERE a dot com, but not any longer. Travelshorts.com has signed a letter of intent to acquire Achievor Recovery, Limited, a private company. 
 

Achievor Recovery recycles used tires in Canada. The company came into being as a result of a Canadian Government-assisted program to deal with recycled tires. Achievor has been and intends on being in compliance with the environmental standards established by the Canadian Government from the outset.

Once the acquisition is complete, Travelshorts.com will ask shareholders for a name change to Achievor Recovery and eventually seek a trading symbol change. Achievor is an established  “brick and mortar” operation with contracts in operation, tangible assets and a new, highly experienced management team that intends to grow the business when it becomes a public company. 

News about the acquisition  follows ...
 

*** TODAY'S NEWS ON TLSH ***

Thursday August 8, 9:30 am Eastern Time

Press Release

SOURCE: Travelshorts.com, Inc.

Travelshorts.com signs letter of intent to acquire Achievor Recovery, Limited.

TORONTO, Aug. 8 /PRNewswire-FirstCall/ - Travelshorts.com, Inc. (OTCBB : TLSH - News) announced today that it has completed a Letter of Intent to acquire Achievor Recovery, Limited for cash and equity. The acquisition is expected to be completed by the end of the third quarter of 2002.

Achievor, established in 1983 and based in Brampton, Ontario, Canada commenced operations as the result of a Province of Ontario Ministry of Environment funded pilot project in regards to tire disposal in landfills. Since then, Achievor has grown into the largest national service provider for waste tires in Canada. Their client base includes Sears, Walmart, Speedy Muffler, Costco, Canadian Tire, Midas Muffler, automotive dealers and other retail tire outlets.

In 1990, Achievor ( http://www.achievor.com ) moved into the liquidation goods sector. It currently operates four retail outlets in the Toronto area specializing in liquidation goods supplied by major retailers such as Sears, Hudson's Bay Corporation and Northern Reflections among other wholesalers.

Achievor CEO and President Mike DiCenzo stated "Becoming a publicly trading company gives Achievor the leverage and venue to implement our expansion plans within Canada and into the US as well as facilitate lateral and vertical growth through acquisitions and mergers". 

Contact: Robert Sawatsky
604-736-4989
Web Site:www.travelshorts.com

Disclaimer: Statements, which are not historical facts, are forward looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.

SOURCE: Travelshorts.com, Inc. 

To get a quote and read other news on TLSH, click here.
 

*** RESULTS OF ACQUISITION ***

Becoming a publicly traded company would give Achievor the leverage and venue to implement its expansion plans into the U.S. markets and facilitate lateral and vertical growth.  The company already has existing contracts and is in daily operation with numerous tire retailers in Canada.  Its new management plans to take advantage of those working relationships by entering the U.S. through those retailers. 

Their client base, which has been built over the past 19 years, includes Sears, Walmart, Speedy Muffler, Costco, Canadian Tire, Midas Muffler, as well as automotive dealers and retail tire outlets.
 

*** ABOUT THE COMPANY ***

Achievor Recovery, Limited is a 19 year old company based in Brampton, Ontario, Canada. Achievor commenced operations as the result of a Ministry of the Environment funded project to determine if tires could be diverted from disposal in landfills within the Province of Ontario.

Achievor has grown into the largest tire collector in Canada.  50% of all tires generated within the Province of Ontario are processed through its facilities. 

Achievor has secured a 240,000 sq. ft. facility on 27 acres in Warren, Ohio to headquarter its US operations. The facility also has 3 acres of hard top to store all the tires for processing.

Achievor’s fleet of trucks pick up the tires along their established routes and deliver them to their 40,000 sq. ft. government-certified waste processor and transfer station facilities in Brampton, Ontario. 

At the plant, which can handle 37,000 tires a day, 13.5 million tires a year, the 47 employees, resale 20% of all collected tires to re-use markets outside of North America; the tires that are not processed at their facilities are directed to recycling applications such as blasting mat manufacturing, crumb supply, bumper dock, animal mats, floor bedding, incineration and tire chip for landfill cover.

*** REVENUES ***

In Canada, Achievor is making about $2.00 (US Currency) per tire for collecting, resale and distribution to recyclers. The company could increase its revenues if it started producing recycled products and established a channel to sell tires to the Tire Derived Fuel market.
 

*** THE MARKET ***

The Ontario market is just over 4 million tires per year.  Achievor has a guaranteed market of 2 million tires per year. The rest of the Canadian markets are much smaller. The US market, on the other hand, is behemoth; 270 million tires scrapped each year (1998).  The collection and processing market in the US is a multi-billion dollar market.
 

*** GROWTH ***

The future is expansion into the huge US market. Achievor has the opportunity to expand its business to the North Eastern United States for Sears.  This contract alone will secure an additional 4.5 million tires per year and give a strong footing in the US market.  Additional retailers they expect to service, once the U.S. operations are established and expanded, are Walmart, Costco and Pep Boys.

Further growth opportunities come from the importance of a consistent raw material supply of waste tires.  Achievor recognizes that waste tires do have value as fuel as a result of rising energy costs and the continued escalation of fuel prices.  Established markets will be steel and cement manufacturers utilizing Tire Derived Fuels (TDF) as a replacement for natural gas. 

Power generating facilities, where coal will be eliminated to produce hydro-electricity, are expected to be another large customer.  Achievor has identified the way to satisfy the needs of its current and potential clients in industries that demand a guaranteed consistent raw material supply in order to maintain these projects.  Consequently, a strong customer base has already been established for the conversion to and use of TDF fuels. 

Finally, growth through acquisition and merger.  Achievor has identified several acquisition and merger targets that match perfectly with them for lateral and vertical expansion, including tire recycling manufacturers. 

Stockupticks Safe Harbor Statement: Statements contained in this document, including those pertaining to potential mergers and acquisitions, estimates, growth, establishing news markets, expansion into new markets and related plans other than statements of historical fact, are forward-looking statements subject to a number of uncertainties that could cause actual results to differ materially from statements made.  StockUpTicks.com is a property of Market Pathways Financial Relations Incorporated (MP).  MP provides NO assurance as to the subject company's plans or ability to effect the proposed acquisition of Achiever Recovery.  MP has no first-hand knowledge of management and therefore cannot comment on its capabilities, intent, resources, nor experience and makes no attempt to do so.  Statistical information, dollar amounts, and market size data was provided by the subject company and related sources believed by MP to be reliable but MP provides no assurance, and none is given, as to the accuracy and completeness of this information. 

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