ResOnline shares sold

Tony Smith the founder of Stella Resorts Group (formerly BreakFree Resorts and Holidays) has set up the online accommodation distribution and marketing with a new company called Roamfree.com that has bought ResOnline and owns equity in hundreds of small destination websites. Through the acquisition of ResOnline, and other strategic purchases and alignments, roamfree.com will take an advantage of the market that has developed over the last years for consumers, agents and affiliates searching and purchasing on-line inventory.
Stella Resorts Group was sold into MFS Limited in February 2005. As a part of MFS, Stella Resorts Group today is worth $550 million. IPO investors who invested at $1.00 per share have seen their shares grow to $12.60 each today (based on the stock market price of $4.20 at close of trade 15th August 2006).