Uniquely Beneficial

Attack the market

Initial Public Offering

Exit: Sell in 3 Years

THINK – PLAN - DO

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Strategic Alliances

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$3M IPO

IPO

Travel Franchisor Leverage Buyout

(LBO)230 locations/$300M

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IPO

LBO

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Our Great Employees -Young, Eager,

Ready to Learn & Learning to Lead

(still a little wet behind the ears)

IPO

LBO

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Cruise Aweigh Stores

IPO

LBO

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re Lin

k

Travel M

agazine

IPO

LBO

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IPO

LBO06/86 to

07/87

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Black MondayOctober 19, 1987

DJIA dropped 22.6% and lost $500B

The Worthless

KnightIn Rusted

Armor

The road to success is often paved in failure…

But it’s well worth the trip!