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Last updated on February 14, 2012 at 1:08 EST

Universal Travel Group Inc. Appoints Mr. Jing Xie as Chief Financial Officer

February 17, 2009

SHENZHEN, China, Feb. 17 /PRNewswire-Asia-FirstCall/ — Universal Travel
Group Inc. (OTC Bulletin Board: UTVG) (“Universal Travel Group” or the
“Company”), a growing travel services provider in the People’s Republic of
China
(“PRC”) specializing in online and customer representative services to
the travel service industry offering packaged tours, air ticketing, hotel
reservation and air cargo agency services, today announced the appointment of
Mr. Jing Xie to the position of Chief Financial Officer, effective February 17,
2009
.

Mr. Xie joined Universal Travel Group in 2005 and was promoted to Deputy
General Manager in July of that year. In 2006, he was appointed Secretary of
the Board and Vice President where he was responsible for managing operations
on a corporate level, overseeing the integration of several strategic
acquisitions, and being the IR representative to the capital market. He has
significant hands-on experience in internal controls and financial reporting.
Mr. Xie obtained a Doctor of Business Administration from People’s University
of China and holds a Bachelor of Commerce degree from the University of Sydney,
Australia
. He is also a member of the Association of Chartered Certified
Accountants.

“I am very pleased to accept this role as Universal Travel Group continues
to experience strong momentum, due to its unique business model and
diversified travel service offerings,” commented Mr. Xie. “I look forward to
devote my entire efforts to continue the Company’s solid performance going
forward.”

“We are delighted to appoint Mr. Xie as our Chief Financial Officer,”
stated Ms. Jiangping Jiang, CEO of Universal Travel Group. “Having served
Universal Travel Group for about four years, Mr. Xie has an in-depth
understanding of our business operations and is dedicated to promoting
corporate transparency. We look forward to his further contributions in
helping to bring our Company to the next level. Mr. Xie is fluent in both
Mandarin and English, which should help to enhance our visibility within the
investment community,” added Ms. Jiang.

About Universal Travel Group Inc.

Universal Travel Group, a growing travel services provider in the People’s
Republic of China
, is engaged in providing reservation, booking, and domestic
and international travel and tourism services throughout the PRC via the
internet and through customer representatives. Under the theme “Wings towards
a more colorful life”, the company’s core services include tour packaging for
customers, booking services for air tickets and hotels as well as air cargo
transportation. In 2007, Universal Travel Group completed the acquisitions of
Speedy Dragon, specializing in air cargo transportation; Xi’an Golden Net,
specializing in travel packaged tours; Shanghai LanBao, specializing in hotel
reservation and Foshan Overseas International, a PRC-based company that
handles domestic and international travel inquiries. Universal Travel’s goal
is to become the PRC’s leading travel services provider in all fields of the
tourism industry including the aviation, cargo, hotel booking and tour
packaging segments. For more information about the company, please visit
http://us.cnutg.com and http://www.cnutg.com.cn for the service website.

Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995

This press release contains certain statements that may include
“forward-looking statements” within the meaning of federal securities laws.
All statements, other than statements of historical facts, included herein are
“forward-looking statements”. Although the Company believes that the
expectations reflected in these forward-looking statements are reasonable,
they do involve assumptions, risks and uncertainties, and these expectations
may prove to be incorrect. Investors should not place undue reliance on these
forward-looking statements, which speak only as of the date of this press
release. The Company’s actual results could differ materially from those
anticipated in these forward-looking statements as a result of a variety of
factors, including the Company’s ability to successfully expand its market
presence and those discussed in the Company’s periodic reports that are filed
with and available from the Securities and Exchange Commission. All
forward-looking statements attributable to the Company or persons acting on
its behalf are expressly qualified in their entirety by these factors. Other
than as required under the securities laws, the Company does not assume a duty
to update these forward-looking statements.

    For more information, please contact:

    Company Contact:
     Mr. Jing Xie
     Secretary of Board & Vice President
     Universal Travel Group Inc.
     Phone: +86-755-8366-8489
     Email: 06@cnutg.cn
     Web:   http://us.cnutg.com

    Investor Relations Contact:
     Mr. Crocker Coulson, President
     CCG Investor Relations
     Phone: +1-646-213-1915 (NY office)
     or
     Mr. Gary Chin
     Phone: +1-646-213-1909
     Email: crocker.coulson@ccgir.com
     Web:   http://www.ccgirasia.com

SOURCE Universal Travel Group Inc.


Source: newswire