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博鱼体育APP下载 YTB International Announces Second Consecutive Qua
日期:2021-10-23  人气:


  WOOD RIVER, Ill., Nov. 14 /PRNewswire-FirstCall/ -- YTB International, Inc. (OTC PK: 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, today announced its financial results for the three and nine-month periods ended September 30, 2007.

Total revenue for the quarter ended September 30, 2007 increased 203.5% to $39.9 million compared to $13.1 million for the third quarter last year. Revenue generated from online travel store sales and monthly fees from Referring Travel Agents ("RTAs") in the third quarter of 2007 was $28.7 million, compared to $9.0 million in the third quarter of 2006. Revenue from travel agency commissions in the third quarter of 2007 was $5.5 million, compared to $2.0 million for the same period last year. Also, training programs and marketing materials revenue increased in the third quarter of 2007 to $3.7 million, from $1.5 million in the prior year quarter.

Net income for the third quarter of 2007 was $2.1 million, or $0.02 per diluted share, compared to a net loss of ($4.4) million, or ($0.05) per diluted share, for the third quarter of 2006.

Total revenue for the nine months ended September 30, 2007 increased 207.6% to $95.9 million, compared to $31.2 million for the same period last year. Revenue generated from online travel store sales and monthly fees from RTAs for the nine months ended September 30, 2007 was $69.0 million, compared to $22.5 million for the same period in 2006. Revenue from travel agency commissions for the first nine months of 2007 was $13.9 million, compared to $5.1 million for the same period last year. Training programs and marketing materials revenue for the nine months ended September 30, 2007 was $10.4 million, up from $2.9 million in the same period last year.

Net income for the nine months ended September 30, 2007 was $1.6 million, or $0.01 per diluted share, compared to a net loss of ($6.0) million, or ($0.07) per diluted share, for the same period in 2006.

"We are proud to report our second consecutive quarter of profitability and record revenue and net income figures of $39.9 million and $2.1 million respectively. This accomplishment was achieved despite certain one-time costs incurred during the period that are related to the continued expansion of our infrastructure in order to support our growing number of RTAs and to improve our services," stated Scott Tomer, Chief Executive Officer of YTB International. "In the first nine months of 2007 alone, we have doubled the size of our RTA network to more than 134,000 RTAs, and we see no signs of slowing down. Our success did not go unnoticed. Travel Weekly named us one of the top eleven leisure travel agencies and one of the 35 largest travel agencies overall for 2006."

Mr. Tomer continued, "We have high expectations for YTB International''s future and are expanding our infrastructure and training capabilities in order to handle our continued growth. Our new RTAs will need the best tools and training. To meet this need, we recently launched a proprietary Web-based training certification and testing program, ''YTB E-Campus,'' designed by Dr. Marc Mancini, one of the travel industry''s most highly respected speakers, educators and consultants. This training program offers our RTAs a unique opportunity to hone their skills to successfully sell travel and build their businesses."

About YTB International

Recognized as the 35th largest seller of travel in the U.S. by Travel Weekly, YTB International, Inc. provides Internet-based travel booking services for travel agencies and home-based independent representatives in the United States, Puerto Rico, and the US Virgin Islands. It operates through three subsidiaries: YourTravelBiz.com, Inc., YTB Travel Network, Inc., and REZconnect Technologies, Inc.

YourTravelBiz.com division focuses on marketing on-line travel agencies through a nationwide network of Independent Marketing Representatives, or "IMRs." YTB Travel Network division establishes and maintains travel vendor relationships, books travel transactions of on-line travel agents (RTAs,) collects travel payments and licensing fees, and processes travel commissions. Each RTA sells travel through a personalized Internet-based travel Website. The REZconnect Technologies division builds online reservation systems for suppliers within the travel industry. For more information, visit

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. Further information regarding factors that could affect the Company''s results is included in the Company''s filings with the SEC, including the Company''s Annual Report on Form 10-KSB for the fiscal year ended December 31, 2006, filed with the SEC on April 2, 2007.

Investor Contacts: Garth Russell / Yemi Rose KCSA Worldwide 212-896-1250/ 212-896-1233 (Tables Follow) This document is available on the KCSA Worldwide Website at

 
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