InterActive Leisure Systems Inc. Announces Technology Consulting and Facilities Management Agreement With Advanced Global Ventures, Inc.
September 16, 2013 --
LONDON, UNITED KINGDOM -- (Marketwired) -- 09/16/13 -- InterActive Leisure Systems Inc. (OTC Pink: IALS) ("IALS") is pleased to announce that the company has entered into a technology consulting and facilities management agreement with Advanced Global Ventures, Inc. (AGV) of Cincinnati, Ohio. AGV operates and markets a home-based travel agency business in the US and around the world. IALS will provide AGV with expertise in setting up AGV's new marketing platform for recruiting and retaining AGV's independent representatives. IALS will also be assisting AGV in developing its new operations platform for booking travel arrangements made by its independent representatives.
In additional IALS will manage the facilities upon which these applications reside. Terms of the deal are confidential but IALS's compensation is a percentage of revenue received by AGV with a guaranteed minimum annual payment.
Richard Dickieson, CEO of InterActive Leisure, stated, "I am pleased to be working with the management on AGV on this important project. AGV's management team has a wealth of successful experience in the home based travel agent business and we look forward to a long and mutually successful relationship."
About InterActive Leisure Systems, Inc.
Interactive Leisure Systems Inc. is a technology company specializing in the global travel industry. The company intends to purchase an enterprise software platform for the marketing, sale and management of travel products and to use this platform to operate three distinct businesses. More information is available on the company's website at www.interactiveleisuresystems.com.
Forward Looking Statement:
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995 - forward-looking statements concerning plans, objectives, goals, strategies, future events of performance and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and services demand and acceptance, changes in technology and in economic, political and regulatory conditions and to all of the risks generally associated with a company at InterActive Leisure Systems Inc.'s stage of development. All such forward looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by these cautionary statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
InterActive Leisure Systems, Inc.
A113 Enterprise House Bassingbourn Rd.
Essex, ENG CM241QW
+44(20) 8749 2018
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