Article: Aviation Group, Inc. Announces Completion of Acquisition Of Global Leisure Travel, Inc.

DALLAS, May 18 /PRNewswire/ --

Aviation Group, Inc. (Nasdaq: AVGP) announced the completion of its acquisition of Seattle-based Global Leisure Travel, Inc. The acquisition is the first step in a previously announced three-way business combination among Aviation Group, Global Leisure and travelbyus.com ltd. (Toronto: TBU; Frankfurt: TVB).

The acquisition was completed through a merger of Global Leisure with Aviation Group's subsidiary effective on May 10, 2000 making Global Leisure a wholly owned subsidiary of Aviation Group. As consideration for the purchase, Aviation Group issued:

-- $16,500,000 in liquidation preference, represented by 1,650 ...

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