WOOD RIVER, Ill., April 17 /PRNewswire-FirstCall/ -- YTB International,
Inc. (OTC Bulletin Board: YTBLA) ("YTB" or the "Company"), a provider of
Internet-based travel booking services for travel agencies and home-based
independent representatives in the United States, Bermuda, the Bahamas, and
Canada, today announced that its Class A Common Stock has been approved for
quotation on the Over-the-Counter Bulletin Board (the "OTCBB"). All existing
market makers will move to the OTCBB within the next 30 days. The Company's
Class A Common Stock will continue to be quoted under the ticker symbol
"YTBLA."
YTB is a leader in the travel services business and has operated in the
travel services industry for 25 years. The Company recently reported its third
consecutive quarter of profitability, with total revenue for the year ended
December 31, 2007 increasing by 177% to $141.3 million, compared to $50.9
million for the previous year.
The OTCBB provides access to more than 3,300 securities, includes more
than 230 participating market makers, and electronically transmits real-time
quote, price, and volume information in domestic securities, foreign
securities and ADRs.
"We are excited that the Bulletin Board has agreed to quote our Class A
Common Stock, as it confirms that YTB International meets the strict filing
and disclosure regulations of the Securities and Exchange Commission," stated
Scott Tomer, Chief Executive Officer of YTB. "Quoting our stock on the
Bulletin Board dramatically increases the number of investors that can freely
trade our stock. We believe that this will help to increase the liquidity and
visibility of our stock in the financial markets."
About YTB International
Recognized as the 35th largest seller of travel in the U.S. in 2006 by
Travel Weekly, YTB International, Inc. provides Internet-based travel booking
services for home-based independent representatives in the United States,
Canada, Bermuda, and the Bahamas.
It operates through three subsidiaries: YourTravelBiz.com, Inc., YTB
Travel Network, Inc., and REZconnect Technologies, Inc. YourTravelBiz.com
focuses on marketing online travel websites through a nationwide network of
independent business people, known as 'Reps.' YTB Travel Network establishes
and maintains travel vendor relationships, processes travel transactions of
online travel agents and affiliates, collects travel commissions and pays
sales commissions. Each RTA directs consumers to the YTB Internet-based travel
website. REZconnect Technologies hosts a travel agency for traditional travel
agents and offers franchises of brick and mortar travel agencies. For more
information, visit http://www.ytbi.com/investor.
Statements about the Company's future expectations, including future
revenues and earnings, and all other statements in this press release other
than historical facts are "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, Section 21E of the Securities
Exchange of 1934, and as that term is defined in the Private Litigation Reform
Act of 1995. Such forward-looking statements involve risks and uncertainties
and are subject to change at any time, and the Company's actual results could
differ materially from expected results. The Company undertakes no obligation
to update forward-looking statements to reflect subsequently occurring events
or circumstances.
SOURCE YTB International, Inc.
