Intrawest Corporation reviewing strategic options for enhancing shareholder value
2006年2月28日 - 10:00PM
PRニュース・ワイアー (英語)
Listed: NYSE TSX VANCOUVER, Feb. 28 /PRNewswire-FirstCall/ --
Intrawest Corporation, a world leader in destination resorts and
adventure travel, today announced that it has initiated a review of
strategic options available to the company for enhancing
shareholder value, including, but not limited to, a capital
structure review, strategic partnerships or business combinations.
The company has retained Goldman, Sachs & Co. to assist in the
review. There can be no assurance that the review will result in
any specific strategic or financial transaction. Intrawest's
strategic review is already underway, but no timetable has been set
for its completion. "During the past 24 months, Intrawest has made
significant progress in broadening its range of leisure businesses,
most notably with the acquisition and expansion of Abercrombie
& Kent, as well as extending our business reach into Europe and
Asia," said Joe Houssian, Intrawest's chairman, president and chief
executive officer. "We have enhanced our ability to support this
growth through various operational initiatives and have made great
strides in building a centralized marketing and sales capability to
enable us to migrate our customers across a growing array of travel
experiences. We now have a unique opportunity to leverage these
assets, our strong financial profile and the experience of our
management team to build our business to deliver significant
shareholder value over the long term." "Intrawest stands at a
pivotal point in its evolution," continued Houssian. "It makes
sense for us at this time to evaluate all of the different ways in
which we can capitalize on the opportunities in front of us for the
benefit of shareholders, and to ensure that we have the best
possible capital structure in place. Given current robust market
conditions, and new opportunities resulting from our recent
successes, our Board believes it is appropriate to undertake a
comprehensive review of all our strategic and financial options
before finalizing our strategic plans for the next several years."
Intrawest Corporation (IDR:NYSE; ITW:TSX) is a world leader in
destination resorts and adventure travel. The company has interests
in 10 resorts at North America's most popular mountain
destinations, including Whistler Blackcomb, a host venue for the
2010 Winter Olympic and Paralympic Games. Intrawest owns Canadian
Mountain Holidays, the largest heli-skiing operation in the world,
and an interest in Abercrombie & Kent, the world leader in
luxury adventure travel. The Intrawest network also includes
Sandestin Golf and Beach Resort in Florida and Club Intrawest - a
private resort club with nine locations throughout North America.
Intrawest develops real estate at its resorts and at other
locations across North America and in Europe. Intrawest is
headquartered in Vancouver, British Columbia. For more information,
visit http://www.intrawest.com/ Statements contained in this
release that are not historical facts are forward-looking
statements that involve risks and uncertainties. Intrawest's actual
results could differ materially from those expressed or implied by
such forward-looking statements. Factors that could cause or
contribute to such differences include, but are not limited to,
Intrawest's ability to implement its business strategies,
seasonality, weather conditions, competition, general economic
conditions, currency fluctuations and other risks detailed in the
company's filings with the Canadian securities regulatory
authorities and the U.S. Securities and Exchange Commission.
Investors please call: Mr. John Currie Chief Financial Officer
Intrawest Corporation (604) 669-9777 or Mr. Tim McNulty Director,
Investor Relations Intrawest Corporation (604) 623-6620 Media
please call: Mr. Dan Gagnier Citigate Sard Verbinnen (212) 687-8080
or Mr. Paul Kranhold Citigate Sard Verbinnen (415) 568-9571 If you
would like to receive future news releases by email, please
contact: DATASOURCE: Intrawest Corporation CONTACT: Investors
please call: Mr. John Currie, Chief Financial Officer, Intrawest
Corporation, (604) 669-9777 or Mr. Tim McNulty, Director, Investor
Relations, Intrawest Corporation, (604) 623-6620; Media please
call: Mr. Dan Gagnier, Citigate Sard Verbinnen, (212) 687-8080 or
Mr. Paul Kranhold, Citigate Sard Verbinnen, (415) 568-9571
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