Friday, May 30, 2008

Why YTB is the company to keep!!!

I have had many inquiries about YTB not being a legit company or that it has negative news associated with it; My own team members sometimes ask me how they should handle the negative news on YTB that can be found online. Now obviously, anyone can post anything online, and if you believe everything that you read online you might as well pack your bags right now. But the negative stuff is there, and it needs to be addressed. After all, that is how many individuals make their living.
So, this would be my response:

Hi Hazel,
First I wanted to thank you for taking a look at my website. Second, I appreciate that you did some research on the company and want to ask you a few questions:
1) Wouldn’t you like to write off all of your vacations?
2) Don’t you want to get discounts on your travel? (Sabrina just paid $159/night at Mandalay Bay in Vegas for Memorial Day weekend instead of $425/night! (WITHOUT her IATA or CLIA card!))
3) Would you like to receive up to $15000 in tax savings by owning your own business?
4) Would you invest or buy stock in a company that has: ?
Been sued so many times, can't be counted.
Thousand if not millions of unhappy customers around the world.
More bad press then any company has ever had in history.
In trouble with the department of Justice and local state agency for anti-trust in the past years.
If you search Google and search for their name + lawsuit your will find 26,900 websites about this company.
In trouble with the FTC numerous times.
Numerous class-action lawsuit currently in supreme courts.
History of releasing bad products, before they have been tested properly.
I know what you’re thinking, I would not only never use their product or service, but also would never buy their stock. Right? And, if you said NO, NO, NO. Then you would have missed out on one of the best producing companies in history. And most of you should just stop using your computer because the company I have been talking about is: Microsoft.
My point is: That if you’re looking for bad news about any company you will find it. Do a search of your own company and see what is being said online. If people are not talking about a company, the company is most likely not growing or doing anything.
Hazel, I really appreciate your opinion….but I’d appreciate it a lot more if it was an educated one…Come to a presentation and learn the facts and then if you still decide not to be involved, then I’ll never mention it again…but until then, your opinion doesn’t mean very much.
I also attached a press release that was announced today…you’ll see that our travel bookings have increased by double this quarter!...obviously we wouldn’t be booking this much travel if we weren’t cheaper most of the time, and we wouldn’t be recognized as the 11th largest travel agency in the United States by Travel Weekly if companies didn’t feel comfortable booking with us.
YTB International Announces Financial Results for the First
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WOOD RIVER, Ill., May 16 /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, Puerto Rico, Bermuda, the Bahamas, the U.S. Virgin Islands, and Canada, today announced its financial results for the three month period ended March 31, 2008.
Total revenue for the quarter ended March 31, 2008 increased 76.7% to $42.7 million, compared to $24.2 million for the first quarter last year. The Company's property and equipment increased from the December 31, 2007 balance of $15.4 million to $18.9 million as of March 31, 2008 or 22.7%. The number of RTAs increased to 138,814 in the first quarter of 2008 from 82,932 in the comparable quarter of 2007. The Company believes the significant increased number of RTAs is attributable to the emerging market shift for travel services to the Internet.
Net loss for the first quarter of 2008 was $3.5 million, or $0.03 per diluted share, compared to a net loss of $2.2 million, or $0.02 per diluted share, for the first quarter of 2007. The loss is primarily attributable to stock awards, and promotional and expansion expenses totaling approximately $3.1 million. As of March 31, 2008, the Company had $1.3 million in cash and cash equivalents. Net cash used in investing activities was $4.1 million during the first quarter of 2008 compared to $1.3 million used in the first quarter of 2007.
Scott Tomer, Chief Executive Officer of YTB, commented on the first quarter results, stating, "We are pleased by the significant increase that we experienced in our top-line results during the quarter. This growth speaks directly to the demand for our travel related services, and our ability to meet or exceed specific sales growth objectives through diligent execution. We are acutely aware that sustainable growth requires reinvestment in our company, and with this in mind, we incurred several charges during the quarter, directly related to the promotion of our brand, and the retention of our top performers and personnel. During the quarter, we also incurred expenses related to our expansion into three new countries to help build our international presence. Primarily due to these investments in our company, we reported a loss for the quarter."
Mr. Tomer continued, "During this first quarter we continued to focus on the sale of travel by our RTAs, as well as the strengthening of our executive team. We welcomed two new members to our Board of Directors, Mr. Paul Hemings and Mr. Burt Saunders, and we are excited by the valuable experience that they bring from their respective fields. Looking forward, we plan on continuing to execute our stated mission to revolutionize the travel field by offering affordable travel and unique opportunities for motivated individuals to participate within this burgeoning industry.
"We see our recent move to the Over-The-Counter Bulletin Board as a positive step forward for us, and welcome the new investors that are now able to participate in the growth of our company."
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, Puerto Rico, the Bahamas, Canada, Bermuda, and the U.S. Virgin Islands.
The Company 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. The REZconnect Technologies division operates as a travel vendor relationship management company 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. (Tables Follow) This document is available on the KCSA Strategic Communications at http://www.kcsa.com/. YTB INTERNATIONAL, INC.
Condensed Consolidated Statements of Operations (Unaudited)
Three months ended March 31, 2008 March 31, 2007
Net revenues $42,727,567 $24,178,481
Operating expenses: Operating expenses (exclusive of depreciation and amortization shown below) 45,643,718
Depreciation 26,188,396

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