Universal Travel Group Updates 2009 EPS guidance
Group (OTC Bulletin Board: UTVL) (“Universal Travel Group” or the “Company”),
a growing travel services provider in
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 corrects its prior fiscal year 2009 earnings
per fully diluted share guidance announced
For the fiscal year 2009, the Company maintained it previous forecasts for
sales and net income to range from
million
a range of
fully diluted share guidance, which it now estimates to be in a range of
to $1.15
stock-based compensation and reflect the recent three-for-one reverse stock
split.
The Company remains optimistic due to the increased activities in the
travel and leisure industry in the PRC, as well as its comprehensive marketing
strategies and online service platform.
Company Contact:
Mr. David Liu
VP of Finance and Investor Relations
Universal Travel Group
Address: 1230 Avenue of the Americas, 7th Floor
New York, NY 10020
Phone: +1-646-756-2666
Fax: +1-646-756-2999
Email: liudy@cnutg.com
About Universal Travel Group
Universal Travel Group, a growing travel services provider in the PRC, 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
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 Group’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 us.cnutg.com .
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:
Universal Travel Group
Mr. Jing Xie
Chief Financial Officer
Phone: +86-755-8366-8489
Email: 06@cnutg.cn
Web: http://us.cnutg.com
Investor Relations Contact:
CCG Investor Relations
Mr. Crocker Coulson, President
Phone: +1-646-213-1915 (NY office)
Email: crocker.coulson@ccgir.com
Mr. Gary Chin
Phone: +1-646-213-1909
Web: http://www.ccgirasia.com
SOURCE Universal Travel Group