The travel trust association is attempting to buy Worldchoice to hide behind its branding, as the travel trust has no real recognition both to the general public and the trade.
So in essence the travel trust agents will become worldchoice agents, however this is all smoke and mirrors.
As we have stated previously the travel trust is in fact an oxymoron, we would urge worldchoice choice members to reject this deal. Besides the Travel trust are highly unlikely to have the £6 million, ask to see the money in place..
Then we have the rather dodgy, part of the deal, where TTA (2007) will also invest in a trust fund for members worth £1.3 million in five years’ time (SAYS WHO???).
The members retention trust fund will pay Worldchoice members after five years depending on their performance. Payouts could reach £20,000, but all members should receive at least £2,000. yeah right..
The worldchoice board are only recommending this £6 million buyout so they can line their pockets..