Business News
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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