Hi everyone. I hope this post finds you all well and in good health and spirits.
I’m writing with some exciting news; we’ve signed a Letter of Intent with a company that wants to acquire Tripology! You’ll notice I said “acquire” and not “invest.” While I cannot tell you with whom we’ve signed this deal or the details of the agreement, I will tell you it is a name you all know.
I literally spent the entire past week evaluating the various proposals we’ve received from some very fine companies. The one the Board of Directors (of which I am part) decided upon is the one, obviously, that managed to act quickly enough and put together the best offer.
As you can imagine, I just cannot say anything more until the transaction closes (clause 1, paragraph 1, section “A” says I promise to keep my mouth shut or be shackled or something like that). I fully expect this deal to be consummated (though it’s not official until it is). I CAN tell you Tripology is poised to continue on; bigger, better and stronger than ever.
Agents with free or paid credits on file will continue to have those credits on file after the transaction is complete. You’ll all also see some familiar faces around the water cooler should you visit the office. The employment details are not yet finalized, so I cannot comment on that either.
During the due diligence process, accounting can be a pain. Ideally, in these scenarios, you try and keep accounting changes to a minimum.
So, we were thinking; since the biggest frustration we’re hearing is from people who want to add more funds to their accounts to buy leads, why not turn back on the ability to do this? However, our accountants were quick to point out all the paperwork and man-hours (read “headaches”). With that in mind, we’ve decided to offer Tripology leads for FREE to all existing, active Tripologist accounts in good standing.This will start today (effective as soon as you see leads stating “Lead Price: $0) and will expire on March 5, 2010 when you no longer see “$0”. To be clear, this offer is valid only while you see “Lead Price $0.” This is our way of saying thank you for your patience this month.
Thank you again for the countless emails, voicemails and posts with all your kind words of support. When this deal is done, we’ll all celebrate together.
By the way, make sure you attend the NY Times Travel Show this coming Friday and weekend. I’ll be Chairing Friday’s “Focus on Specialization” and we’ve got some great speakers lined up. See http://www.nyttravelshow.com/Focus-on-Specialization.html
More updates coming soon.