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Universal Travel Group Retains CCG Investor Relations

2008-08-06 13:00:00

Universal Travel Group Retains CCG Investor Relations

    SHENZHEN, China, Aug. 6 /Xinhua-EMWNews/ -- Universal

Travel Group (OTC Bulletin Board: UTVG) ("Universal Travel Group" or the

"Company"), a fast growing travel services provider in China 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 that it has retained CCG Investor

Relations ("CCG") to design and execute its investor relations campaign.



    Founded in 1998, Universal Travel Group is engaged in the travel

business and the provision of travel related services, including airline

ticketing, packaged tours, hotel reservation and air cargo agency services,

and technological solutions for travel reservations. With headquarters in

Shenzhen, Guangdong province, the Company is led by an experienced

management team. Universal Travel Group's 100% owned subsidiaries in China

are Shenzhen Yuzhilu Aviation Service Co., Ltd., specializing in air

ticketing; Speedy Dragon, specializing in air cargo agency services; Xi'an

Golden Net, specializing in travel packaged tours; Shanghai LanBao,

specializing in hotel reservations and Foshan Overseas International,

specializing in overseas travel. Currently, about 60% of the Company's

revenue is derived from packaged tour services. The online travel market is

an emerging, fast-growing, and highly fragmented industry in China.

Universal Travel Group has been able to achieve a leading position in this

market with a strong and sustainable first-mover advantage in a duopoly

market. Universal Travel Group has been leading the trend in the industry

by initially engaging in the air-ticketing services business and then

successfully integrating the air cargo agency, online hotel booking and

packaged tours businesses into it.



    "We look forward to working with CCG to improve our communication with

the investment community and the financial media as we pursue our goal of

becoming China's leading online travel services provider in all fields of

the tourism industry including air-ticketing services, air cargo agency

services, hotel booking and tour packaging business segments," said Ms.

Jiangping Jiang, Chairperson and CEO of Universal Travel Group.



    With the tremendous publicity surrounding the 2008 Beijing Olympic

Games approaching, the volume of travelers in and out of China will

definitely bring enormous market opportunities. Additionally, the

disposable income of the average Chinese consumer is expected to increase,

and the Company believes this will immediately translate to greater demand

for air travel and vacations. The World Travel Association stated that

China's vacation and commercial travel market is expected to maintain a

growth rate of 10% per year over the next 10 years.



    "We are excited to be working with such a promising client in the

growing travel industry in China," said Crocker Coulson, President of CCG.

"Universal Travel Group clearly distinguishes itself from industry peers

with its consistent operating history, and management expertise. With its

services reaching extensively nationwide, it is also known for tour

packages to the Silk Road and Tibet. Internationally, it also provides

packaged tours to destinations such as Southeast Asia and Europe, and has

plans to reach the USA and Canada."



    About Universal Travel Group



    Universal Travel Group, a fast growing travel services provider in

China, is engaged in providing reservation, booking, and domestic and

international travel and tourism services throughout China 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 China-based

company that handles domestic and international travel inquiries. Universal

Travel Group's goal is to become China'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, visit

http://us.cnutg.com .



    About CCG



    CCG is uniquely positioned to provide an outsourced, high-level

investor relations solution that combines in-depth understanding of Asia's

corporate culture and economic scene with a direct pipeline into the

leading funds and broker-dealers in the United States. CCG is a global,

full-service investor relations agency with corporate headquarters in Los

Angeles, and offices in New York, Newport Beach, Dallas, Beijing, Shanghai

and Shenzhen. For further information, contact CCG or visit the Company's

website at http://www.ccgir.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. You 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: Universal Travel Group Mr. Jing Xie, Vice President Tel: +86-755-8366-8489 Email: [email protected] Web: http://www.us.cnutg.com CCG Investor Relations Mr. Crocker Coulson, President Tel: +1-646-213-1915 (New York) Email: [email protected] Web: http://www.ccgir.com

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Blake Masterson

Freelance Writer, Journalist and Father of 5

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