Pc Racing Games Direct Ip

February 4, 2010 Press Release of January 26, 2010 release of 25

for honesty and clarity to all those who have already decided - or wish - to our Association, we to clarify what are the scenarios that we will face the day when the Court of Milan declares the acceptance or otherwise of the draft agreed by the bankruptcy Ventaglio SpA

As you all know the prospect that the worst will not accept the arrangement because, in this case, IVV fail and then we will not be able to negotiate anything.
The ability to recover the money paid out is virtually zero because - despite indications of creditors - must be paid before us the State, banks, employees, suppliers and so on. and eventually there will be only crumbs.
In this case, the task of the Association is to protect the interests of its members before any competent authority, including the Court Bankruptcy, as required by statute.

If the arrangement was accepted, there are two possibilities:
1) Members VNM not enter into the settlement agreement and therefore the contractual relationship continues with IVV (hypothesis desirable)
We must first understand what the relationship with the new company ( Fan - The Travel).
Based on this hypothesis, we ready are our demands:
- Eliminating World Travel Card
- able to travel with all brands of the Group without limitation
- Elimination of the coupon
annually - can use more good In the same year (for multiple trips)
- continuity the receipt of tenders (2x1, do not miss opportunities etc.).
2) Members VNM enter into the settlement agreement and therefore our contracts become waste paper (good points and disappear freepoint)
We become creditors and we have to decide whether to agree to convert our claims into shares of IVV. There seems to be no alternative, since you do not accept, there would be nothing but a lawsuit with the risk of spending more money to get a minimum return.
In this case we have to deal with the new company-I Fan Travel.
Since the new company will become operational only when the arrangement will be made official acceptance by the Bankruptcy Court of Milan, now we have not been able to talk with the new management and make proposals on this assumption.
The request is simple: Given that - especially now - if you want to share Fan can not afford to do without VNM Members must necessarily grant more favorable conditions (discounts on list prices, ability to travel with the various brand without limitation, etc...)

It is clear that everything will go to contract only for our members.

For this reason we will be more, and we will have more bargaining power not only to fan because if Fan does not accept our proposals, no one can screen to prohibit any offers of other tour operators. The Board of Directors


Association "true friends"