Word: matz
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...Bill A. Matz '88 last month created "Executive Coupon Brokers," a firm in the business of buying and selling reduced-rate air travel coupons. Matz touts his venture as "the nation's leading coupon brokerage...
...Matz, a frequent participant in Pan American Airlines's frequent flyers program, said he realized last summer how easy it was to earn flying miles and that people might not always want to use accrued miles for personal travel...
...said he thought he could profit by buying and selling first-class tickets at a low market price. Matz organized his business at the end of last summer, taking out bank loans and buying ads in The Wall Street Journal and Frequent Flyers Magazine...
...Matz said that because the business is still new, he does not know how lucrative it will become. But he predicted that he will be able to meet costs this term and reel in a profit in the spring, when coupon bartering has been known to increase by as much as 60 percent...
About 10 such coupon brokerages currently do business in United States and that the number is likely to rise with growing interest in the field, Matz said...