Sales for the quarter amounted to
$82. We have an expanded and realigned sales force that is
focused on selling our new dining products
, which we believe will fuel
the company's growth and earnings performance over time.7 million, or
61 cents
per diluted share in 2003.10 0.25 $50.com
About WorldMate(R)
WorldMate
(R) is the world's leading mobile travel and itinerary
management companion service, providing subscribed
users with the
ability to create, plan, manage and send travel-related trip
itineraries in six
(6) languages and on nine (9) platforms including
Java, BlackBerry(R), Palm OS, Microsoft Windows
Mobile for Pocket PC
and for Smartphone, Symbian UIQ, Series 60, Series 80 and 90
Communicators
and Desktop PC. MobiMate is the clear leader in this category, being the
only company worldwide with
a best-selling product on all open mobile
application platforms.
Aeroflot Successfully Migrates to
Comprehensive New Generation Reservation and Travel Agency Distribution Solution from Sabre
According
to Sergey Kiryushin, Aeroflot Deputy Director General,
IT department director, Sabre Airline Solutions
is planning to also
implement an Internet Booking Engine, which will provide the ability
for travelers
to directly book and ticket travel on Aeroflot's
website. More than 500 contracts worldwide
were
signed in 2004 for Sabre Airline Solutions' leading technology
solutions.sabre-holdings.corportate sars
Rewards Network
Inc. Reports Fourth Quarter and Full Year Results
61
========== ==========
========== ==========
Weighted average number
of common and common
equivalent shares
Basic 25,468 24,567 24,837 23,056
========== ========== ========== ==========
Diluted (a) 29,834 29,792
29,731 26,439
========== ========== ========== ==========
(a) The diluted net income per share and diluted weighted average
number of common shares outstanding
for all periods presented reflect
the effect of the Company's adoption of Issue No. and Subsidiaries
(Amounts in thousands, except merchant and average transaction data)
(UNAUDITED)
Three months ended Years ended
December 31, December 31,
------
--------------- ---------------------
2004 2003 2004
2003
---------- ---------- ---------- ----------
Cash and cash
equivalents 8,728 9,709
Short-term securities
available for sale
6,718 10,291
Marketing credits
170,890 138,486
Allowance for marketing
credits loss
(26,943) (19,253)
Long-term securities
available for sale
331 8,395
Total assets 200,678 187,125
Outstanding
debt 70,000 70,000
Stockholders' equity
92,368 73,647
Net cash provided by
(used in)
Operations
684 5,827 (12,827) 11,736
Investing 3,341 (16,426)
6,278 (22,932)
Financing 2,369 7,600 5,309 12,639
Other
information:
Accounts active last 12-
months
3,753 3,417
Merchants in the program
Restaurants
10,514 10,836
Hotels 11,321 6,937
Retailers 106 -
---------- ----------
Total merchants 21
,941 17,773
========== ==========
Dining:
Number of transactions
during the period 2,641 2,746 11,081 10,460
Average
transaction
amount $48.
The training on the new distribution technology
for Aeroflot
personnel and the affiliated travel agencies was conducted in 16
training facilities
including three centers in Moscow; nine regional
training centers (Saint-Petersburg, Tumen, Samara
, Ekaterinburg,
Irkutsk, Khabarovsk, Omsk, Vladivostok, Rostov-on-Don) and four
centers abroad
(Hamburg, Rome, Los-Angeles and London).
This category is not for the 'business of travel'.
medex ivillage
14
0. EITF 04-08 requires companies to
include shares issuable under convertible debt in diluted
earnings per
share computations (if dilutive) regardless of whether the market
price trigger
(or other contingent feature) has been met.
Rewards Network Inc.12
$48.
"Aeroflot's objective for the future is to continue making use of
the most advanced and efficient
technologies which exist in the
industry," said Eugene Bachurin, Aeroflot commercial director. In
2004
Aeroflot flew 6,8 million passengers.casto dti
The Company will host a conference call on Wednesday
, February 16,
2005 at 11:00 am Eastern Time.1% 66.5% 19. The Weather Channel(TM) and weather
. The only outstanding issue in terms of this
transition is the current legal restriction on e-tickets
issuance in
Russia."
About Aeroflot Russian Airlines
JSC Aeroflot-Russian Airlines
(PTC: AFLT) is the largest Russian
airline and flag carrier..statesman sars
2 million. Wiedemann, President and
CEO of Rewards Network.
Three months ended Years ended
December 31, December 31,
-
-------------------- ---------------------
2004 2003 2004
2003
---------- ---------- ---------- ----------
Net income
, as reported $2,478 $3,921 $13,217 $15,710
Preferred dividends -
- - (15)
Interest and amortization,
net tax benefit 414
353 1,648 353
---------- ---------- ---------- --
--------
Net income, diluted, as
adjusted 2,892 4,274 14,865
16,048
========== ========== ========== ==========
Weighted average
shares,
basic 25,468 24,567 24,837 23,056
Effect of diluted
stock
options and warrants 453 1,950 981 2,558
Effect of convertible
subordinated debentures 3,913 3,275 3,913 825
---------- ---------- ---------- ----------
Weighted average shares
used to calculate net
income per share, diluted 29,834 29,792 29,731 26,439
========== ========== ========== ==========
Net income per share,
diluted
As reported
$0. MobiMate is committed to
supporting the BlackBerry platform and providing BlackBerry
users with
a full host of services," says Nadav Gur, MobiMate's CEO.
For more information about
MobiMate, please visit
http://www."
Today's migration involved switching all current reservation
records from Aeroflot's current technology (provided by SITA) for its
inventory system for airline
tickets reservation and sales to
SabreSonic. We congratulate Aeroflot's Sabre
team on a great
achievement for the industry. By
2007 the airline is planning to build Aeroflot own terminal -
Sheremetievo
-3.
Sabre Holdings Corporation (NYSE: TSG) is a world leader in travel
commerce, retailing travel
products and providing distribution and
technology solutions for the travel industry.corportate frequent
Net income
for the three months ended December 31, 2004 was $2.1 million, a 0.62
==========
========== ========== ==========
As adjusted $0.01 $291.59 $291
.mobimate. In addition to the savings and revenue potential
made possible through the reservations
and distribution technology,
Aeroflot also will achieve up to three percent additional revenue from
the integration of Sabre's revenue management technology that Aeroflot
had previously installed
. Aeroflot controls about 11% of the domestic and
39% of the International air travel market in Russia
.convex maximize
Rewards Network, headquartered in Chicago, Illinois, provides
loyalty and rewards programs
for restaurants and hotels via its
registered credit card platform. Additional details about Rewards
Network can be
found at www.
Statements in this release that are not strictly historical are
"forward-looking" statements that are made pursuant to the safe harbor
provisions of the Private
Securities Litigation Reform Act of 1995. is a wireless application service provider whose
focus
is on serving business travellers throughout their travel
experience.
MobiMate's partners include
The Weather Channel Interactive Inc, OAG
and other notable travel-related companies.shtml
MobiMate
(R) and WorldMate(R) are registered trademarks of
MobiMate, Ltd. Some
examples include increased
efficiency through automation, reduction of
costs through reduced training and increased flexibility
for the
future with the open systems/service oriented architecture that
provides the ability to
easily add new functionality and capabilities
and reduces time to market for the new functionality
, as well as the
ability to adapt to market needs through different types of
operational models
.ru
About Sabre Airline Solutions
Sabre Airline Solutions, a Sabre Holdings company, is
the world's
largest provider of software products; reservations, departure control
systems and
other passenger management systems; and consulting
services that help airlines simplify operations
and lower costs. More than 100 airlines worldwide rely on Sabre Airline
Solutions for passenger management
solutions, with eight new carriers
choosing SabreSonic, the first new generation reservations system
offered in the market, in 2004 and six carrier renewals.statesman expense
,
(AMEX:IRN) one of the nation's leading
providers of loyalty and
rewards programs, today reported its financial results for the fourth
quarter
and full year ended December 31, 2004.0% 64.43 $251.
MobiMate's leadership in this space
has been recognized by leading
handset and PDA vendors who bundle MobiMate products with their
devices
, including Nokia, Sony-Ericsson, Hewlett Packard and others. To date, over
3,000 people have been
trained in the centers and classes and
additional remote training has been provided with Cyrillic
(Russian)
support via CD-ROM and Internet.
Noting the significance of the switch to the new technology
package from Sabre, Gianni Marostica, president of Sabre Airline
Solutions, said, "This cutover
has huge implications for Aeroflot and
its role as a major international airline as well as advancing
customer-oriented travel services within Russia. It
was founded in 1923. Aeroflot is based in
Moscow, in Sheremetievo airport.expense gardiner
25% convertible subordinated debentures
issued in October 2003.10
$0.
Business Editors/High-Tech Editors
LOD, Israel----MobiMate(R), the
leading
provider of travel services for mobile devices, announced
today that the Professional Edition of
WorldMate(R), the award-winning
business travel service, is now available for BlackBerry(R), developed
by Research In Motion (RIM) (Nasdaq:RIMM)(TSX:RIM).
WorldMate(R) is the three time recipient of
the Handango People's
Choice Awards in the Travel and Business Enterprise categories, and
has
received countless wireless developer accolades and endorsements
from Nokia, PalmOne, Sony Ericsson
and Symbian, as well as awards from
industry specific eZines such as PC Magazine, ZDNet, PocketPC
Magazine, Geek.
The BlackBerry and RIM families of related marks, images and
symbols are
the exclusive properties and trademarks of Research In
Motion Limited. They will be able to take
advantage of the
ability to directly book travel worldwide including airlines, car
rental agencies
, cruises, tour operators and rail outside of Russia -
made possible through the customized distribution
solution for travel
agents. In particular, it provides
booking services for travel worldwide on
all kinds of transport; it
enables access to hotel properties, car companies, cruise lines,
railroads
and tour operators. All other trademarks, service
marks, and trade names are the property of their
respective owners.organisers guangdong
Net income for the three-month
period ended December 31, 2003 was $3. "We are
rededicating our energy, effort and resources to driving the dining
business by stabilizing and
returning growth to our restaurant
merchant base. We undertake no
obligation to, and expressly
disclaim any such obligation to, update
or revise any forward-looking statements to reflect changed
assumptions, the occurrence of anticipated or unanticipated events,
changes to future results
over time or otherwise.5%
Business Editors/High-Tech Writers/Transportation Writers
MOSCOW and SOUTHLAKE, Texas----March 23,
2005--Aeroflot Russian Airlines announced today the successful
migration of the carrier and its affiliated travel agencies to a
comprehensive booking and ticketing
solution from Sabre Airline
Solutions. Aeroflot also will be implementing
the latest customer
self-service technology which allows travelers to
manage the way they shop for travel options and
introduce new options
for ticketing and check in. The State owns 51% of the company stock.tse intairmed
Consistent
with our concentration on dining we are curtailing expenses in the new
lines of business. Participants
can access the call by
dialing (888) 412-9257, using pass code 3859203.rewardsnetwork.53 0
.42 to $0.2%
Hotels:
Number of transactions
during the period 11
4 39 6
Average transaction
amount $253.
Travel agents
will greatly benefit from the new customized
distribution solution. "We are also working to get the
airline ready for the
transition to e-ticketing.arrangers casto
A replay of the call
will be available beginning
at 2:00 pm on February 16, 2005 through
February 23, 2005 at 11:59 pm Eastern Time. EITF 04-08
applies
to the Company's 3.14 $0. With
emerging technologies in the mobile industry these
professionals can
stay connected to all the information they need, regardless of their
location
.
WorldMate is an all-in-one package for the frequent business
traveler, featuring essential services
including world time, global
weather forecasts (provided by The Weather Channel-weather.com/company
.
Aeroflot's airport and reservations agents also will be
able to provide significantly
improved customer service with better
integrated information about a traveler's itinerary, past trips
on the
airline and future reservations - in essence treating passengers as
customers rather than
transactions. Other
software will help the Aeroflot plan and optimize its air loads, which
help
save fuel costs, increasingly important in current market
conditions.organisers casto
"The Company's 2004 performance
was less than satisfactory," said
George S.2 million, down slightly
from $93. Net income for the
full year was $13. and its
affiliates, (xxi) the ability of our board of directors to issue
shares
of our preferred stock without stockholder approval, (xxii)
possible future sales of restricted and
other shares, (xxiii) the
price of our common stock could be volatile and (xxiv) anti-takeover
provisions
that could delay or prevent a change in our control even if
the change in control would be beneficial
to our stockholders. This service includes comprehensive travel
information critical for business
travelers, such as airline codes,
reservation numbers and Web site addresses, 300 airport codes and
locations, and hotel and car-rental agencies' contact information. In addition, the new technology
offers a
variety of new functions which will benefit Aeroflot and travel
agencies and will help
to improve customer service. Additionally, Sabre provided new technology and services for
passenger
departure control at the Sheremetievo airport and a
customized distribution system for Aeroflot appointed
travel agents
(My Sabre Aeroflot).
The transition to the new reservation and ticketing system
required modernization of the existing hardware and testing of the
existing terminal connections
, as well as installation of the new
ones. Sabre
Airline Solutions' proven leadership is demonstrated
by the growing
number of airlines that leverage the technology and services: More
than 200 airlines
worldwide use Sabre Airline Solutions' broad
portfolio of smart solutions for decision-support tools
to increase
revenues and improve operations.dti corportate
As of
December 31, 2004, Rewards Network had 3.61
========== ========== ========== ==========
Diluted net income
per share for the nine months ended September
30, 2004 has been adjusted from $0.WorldMate Professional
Edition for BlackBerry Released
MobiMate's decision initiates a true marriage between the travel
and business needs of business professionals in any industry. The Sabre team
recognized the importance
of this accomplishment and dedicated itself
to making it successful. We are pleased that our new
generation
solution was ready for Aeroflot to implement in the timeframe it
required rather than
depending on promises of future developments, and
the successful cutover today does truly separate
us from our
competitors' rhetoric in this regard."
Aeroflot customers will experience many benefits
from the new
technology from Sabre. All rights reserved.medex currencies
5
million or 10 cents per diluted share
.40.01 $50. WorldMate Professional Edition
for BlackBerry is the first mobile version to offer
the Travel
Information Center.flyer shanxi
6 million in the same period last year. For the full year, the company
achieved
sales of $348. 04-08 of the
Emerging Issues Task Force of the Financial Accounting Standards
Board, "The Effect of Contingently Convertible Debt on Diluted
Earnings per Share" ("EITF 04-08
").
"BlackBerry users, who tend to be busy traveling professionals,
are a natural match for our
product.com are trademarks
or registered trademarks of The Weather Channel Interactive (R) Inc.com
Sabre Airline Solutions, the Sabre Airline Solutions logo,
SabreSonic and MySabre are trademarks
and/or service marks of an
affiliate of Sabre Holdings Corporation.
(c) 2005 Sabre, Inc.expense shanxi
6 million
, a decrease of 8. and Subsidiaries
(Amounts in thousands, except earnings per share)
(UNAUDITED)
Three months ended
Years ended
December 31, December 31,
--------------------- ---------------------
2004
2003 2004 2003
---------- ---------- ---------- -----
-----
Sales
Marketing Credits
Program $76,152 $81,283 $320,589
$320,139
Marketing Services
Program 5,879 7,949 27,489
28,887
---------- ---------- ---------- ----------
Total sales
82,031 89,232 348,078 349,026
Cost of sales 40,485
42,389 168,738 167,529
Provision for losses 5,135 3,359 19,711 16
,502
Member rewards and
savings 14,583 19,862 69,918 76,357
---------- ---------- ---------- ----------
Net revenues
21,828 23,622 89,711 88,638
Membership fees and other
income
794 1,008 3,536 4,684
---------- --
-------- ---------- ----------
Total operating revenues 22,622 24,630 93,247
93,322
---------- ---------- ---------- ----------
Operating expenses:
Salaries + benefits 4,410 4,932 18,322 16,781
Sales commission +
expenses 4,802 5,015 20,374 20,315
Member + Merchant
Marketing
1,687 1,795 6,473 8,408
General and
administrative
6,823 4,993 23,026 19,267
---------- ----------
---------- ----------
Total operating expenses 17,722 16,735 68,195 64,771
---------- ---------- ---------- ----------
Operating income
4,900 7,895 25,052 28,551
Other expenses, net 701 1,027
2,804 2,371
Income before income
taxes 4,199 6,868
22,248 26,180
Income tax expenses 1,721 2,947 9,031 10,470
---------- ---------- ---------- ----------
Net income
$2,478 $3,921 $13,217 $15,710
========== ========== ==========
==========
Net income per share
Basic EPS 0.50 $0.82
Qualified
transaction
dollars $2,856 $1,138 $9,855 $1,715
Sales yield
16. This customized solution for the
Aeroflot travel agents includes requirements
of the local market and
contains screens, prompts and instructions with Cyrillic support.
delegate travelplan
2 million
, or
50 cents per diluted share as compared to $15.15 $0.3% 19. WorldMate provides
subscribers
with a host of best-of-breed wireless content services for
their travel needs, making it a valuable
application for BlackBerry
users on the go.
MobiMate's products, services, corporate information
and more can
be found at www.
For more information about WorldMate(R), please visit
www. More
than 300,000 passenger records were successfully
switched in 31 minutes during the conversion; over
10,000+ records a
minute. Further information can be found at Aeroflot Web sites
www. In addition
,
more than 100 clients worldwide have turned to the Sabre Airline
Solutions consulting group for
strategic, commercial and operational
consulting.delegate maximize
Declines in the restaurant merchant count, the
number
of dining transactions and the average dining transaction amount
contributed to the decline
in sales for the fourth quarter of 2004. This new
end-to-end distribution offering significantly
advances the state of
travel for the carrier and for Russia within the region and worldwide.This
category lists sites for those who plan corporate travel for individuals and groups, as well as sites
which provide resources to aid the corporate traveller.
gardiner dti
0 million.7% 65.mobimate.,
All other
trade names and trademarks are the property of their
respective holders. SabreSonic customers include
major international
carriers such as American Airlines and US Airways and other carriers
worldwide
. Sabre provides more
flexibility in the areas of air travel reservation and sales and
ticketing
than any other offering currently available while at the
same time ensuring maximum efficiency from
both the travel agents and
the airline sales offices. MySabre Aeroflot is a distribution solution
new
to the Russian market, and will provide all the Aeroflot affiliated
travel agencies unlimited
access to the Sabre system's resources with
a new range of capabilities and services.gardiner incentive
Business
Editors
CHICAGO----Rewards Network Inc.0 million, an 8. Rewards Network's common stock trades
on the
American Stock Exchange under the symbol IRN and is listed in
newspapers as REWARDS.
These
statements are based on management's current expectation or
beliefs, and are subject to risks, trends
and uncertainties.L.16 0.com),
comprehensive Flight Schedules (provided by OAG WorldWide)
, currency
and measurement converters and more. The new technology is provided by SabreSonic, the
industry's first and only new generation reservations and passenger
management solution, along
with a customized version of the Sabre
distribution system for Aeroflot affiliated travel agents
. Based on
the financial characteristics Aeroflot was included in the list of 25
leading international
carriers (according to ATW data).aeroflotbonus.
organisers reward
For the three-month period ended December
31, 2004, total
operating revenues amounted to $22.9 million or 14 cents per
diluted share.3 million
in 2003. To hear the replay, dial
(800) 642-1687 or (706) 645-9291, using pass code 3859203.
SabreSonic
is state-of-the-art technology with a powerful client
base - over 100 airlines worldwide which board
more than 300 million
passengers a year. Agents also will be able to take advantage of automation
of
many tasks that had required manual input with the previous
technology. Revenue integrity software
will provide
fraud control, providing significant savings from lost revenue.arrangers organisers
1 percent
decrease
from the corresponding prior year's fourth quarter sales of
$89.3 percent decrease compared to 2003
sales
of $349. Incentives are offered through the
Rewards Network branded program, airline frequent
flyer dining
programs, club memberships and other affinity organizations.com or by calling Rewards
Network at
1-877-491-3463. A more
detailed description of these factors that, among others, should
be
considered in evaluating our outlook can be found in the company's
annual report on Form 10
-K and periodic reports on Form 10-Q filed
with the Securities and Exchange Commission.
Rewards Network Inc.50 0.3% 17. "For
this reason, we chose Sabre's technology
package. More than 1,500 Sabre terminals have been installed in Aeroflot
offices and about 5,500
in the Aeroflot affiliated agencies. As part of the technology package,
Aeroflot also implemented
software to improve Aeroflot Bonus, the
carrier's passenger reward program. However, hopefully this
issue will also be resolved to
introduce this capability to the Russian marketplace. The aircraft
fleet contains 86
aircraft.sars casto
"
Full year operating revenue reached $93.8 million active member
accounts
, 10,514 restaurants and 11,321 hotels participating in its
rewards programs.C.68
========== ========== ========== ==========
Diluted EPS (a) 0.mobimate
. In 2004, eight new carriers, including Aeroflot, chose this
new technology for its customer-focused
solution, flexibility and
reliability - all made possible through the open systems approach. Aeroflot
has renewed approximately 500 travel
agency agreements in Russia and abroad in the scope of activities
of
providing My Sabre Aeroflot customized distribution system to its
affiliated agencies. The
net revenue
in 2003 made 3 978 million rubles ($1 = about 28 roubles). More information about
Sabre
Holdings is available at http://www. Those sites are listed in other Recreation: Travel and Business:
Hospitality categories.
organisers frequent
2
percent compared with $24. Actual
results, performance or achievements
may differ materially from those
expressed or implied by the statements herein due to factors that
include, but are not limited to, the following: (i) our dependence on
our relationships with airlines
and other reward program partners for
a significant number of our members, (ii) the concentration
of a
significant amount of our rewards currency in one industry group, the
airline industry,
(iii) our inability to attract and retain merchants
and members, (iv) our inability to maintain an
appropriate balance
between the number of members and the number of participating
merchants in
each market, (v) the failure of our program offering
members rewards for patronizing select hotels
, (vi) the failure of our
expansion into Canada, (vii) changes to card association rules and
practices
, (viii) our dependence upon our relationships with
transaction processors, presenters and aggregators
, (ix) network
interruptions or processing errors, (x) our susceptibility to a
changing regulatory
environment, (xi) increased operating costs due to
privacy concerns of our marketing partners, credit
card processors and
the public, (xii) the failure of our security measures, (xiii) our
susceptibility
to restaurant credit risk, (xiv) economic changes, (xv)
adverse consequences of changes in our programs
that affect the rate
of rewards received by our members, (xvi) the loss of key personnel,
(xvii
) adverse determination of lawsuits in which we are a defendant,
(xviii) increasing competition,
(xix) our inability to obtain
sufficient cash, (xx) our control by Samstock, L.10 0. In addition
to including the issuable shares
in the denominator, interest and amortization expense related to
the
convertible subordinated debentures, net of income tax benefit, is
excluded from net income
.31
Qualified transaction
dollars $127,413 $137,622 $531,980 $526,924
Sales yield 64.com and others.com
About MobiMate(R)
MobiMate Ltd
.
For the airline, the new technology will significantly reduce
Aeroflot's distribution costs,
streamline operations and play a key
role in its plans for growth in the international market. Sabre
also will be enabling technology solutions for
Aeroflot's participation in the SkyTeam alliance.
intairmed shanxi
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