EX-99.1
2
e602617_ex99-1.txt
PRESS RELEASE
Exhibit 99.1
[LOGO] Investor Relations Contact:
HAWK Hawk Associates, Inc.
ASSOCIATES, Frank Hawkins and Julie Marshall
INC. Phone: (305) 451-1888
[LOGO] UTG E-mail: info@hawkassociates.com
UNIVERSAL TRAVEL GROUP http://www.hawkassociates.com
10940 Wilshire Blvd. Suite 1600 ---------------------
Los Angeles, CA 90024 News Release:
Contact: Jacalyn Guo FOR IMMEDIATE RELEASE
e-mail:: Jacalyn@chutg.com ---------------------
Phone: (310) 443-4151
www.chutg.com
Universal Travel Group Newly-acquired Subsidiary Xi'an
Golden Net Reports $4.4M Revenue for the First Six Months
of FY '07
Xi'an Golden Net Reports Net Income of $302K for First Six Months of FY '07
LOS ANGELES and SHENZHEN, China - September 18, 2007 -- Universal Travel (OTCBB:
UTVG), which operates through its wholly owned subsidiary, Shenzhen Yu Zhi Lu
Aviation Service Company Ltd. (YZL), a leading air travel and air cargo
transportation agency in Southern China, announced today that unaudited revenue
for the first six months of 2007 for its newly-acquired subsidiary, Xi'an Golden
Net, was $4.4 million and net income was $302,597. Universal Travel noted that
Xi'an Golden Net is on track to surpass its fiscal 2006 financial performance.
Xi'an Golden Net reported revenue of $5.5 million and a net income of $490,000
for the fiscal year ended December 21, 2006.
Universal Travel Group, which acquired Xi'an Golden Net on August 6, 2007, is
voluntarily releasing Xi'an Golden Net's 2007 unaudited financial data to
provide investors with additional information regarding the newly-acquired
subsidiary. These results are not consolidated in the company's recently
reported second quarter results. The figures for the six-month period ended June
30, 2007 contained in this release are unaudited results, but the results for
fiscal year ended December 31, 2006 have been audited.
Xi'an Golden Net reported $451,426 in income from operations of for the first
six months of 2007, with total assets of $1.3 million and $45,256 in cash.
Income from operations for the fiscal year ended December 31, 2006 was $728,718
with total assets of $898,000 and $150,169 in cash. Additional information and
financial results will be available in the 8K/A to be filed with the Securities
and Exchange Commission today.
Universal Travel Group Chairwoman and CEO Jiangping Jiang said, "Xi'an Golden
Net saw a dramatic increase in its revenue and net income during the first half
of 2007. Revenues in the first half of 2007 were already more than 80% of those
reported during the 2006 full fiscal year. As these results show, it is clear
that Xi'an Golden Net will surpass last year's results and that this subsidiary
will provide a strong revenue stream for Universal Travel. We also consider
Xi'an Golden Net an avenue to develop cross-sales opportunities between our
subsidiaries, especially our air ticketing and hotel booking businesses".
Jiang, the Secretary of the Board Jing Xie and the VP of Corporate Development
Jacalyn Guo will give a PowerPoint presentation that will include more
information about the Xi'an Golden Net acquisition at 5:00 p.m. EDT on September
20, 2007 as part of the Maxim Group Growth Conference in New York City. The
one-day event will feature presentations and one-on-one meetings with executives
from over 70 domestic and international companies.
To view the streaming video presentation and PowerPoint, visit
www.corporate-ir.net/ireye/confLobby.zhtml?ticker=UTVG.OB&item_id=1637425
which will be activated at the time of the presentation. It is recommended that
interested parties register at Maxim Group's conference website at least 15
minutes prior to the start of the presentation to ensure timely access. The
webcast will be archived and available for approximately three months after the
presentation.
About Maxim Group
Maxim Group is a leading investment banking, securities and investment
management firm. The company's mission is to maximize clients' wealth by
providing unbiased advice and superior performance in Maxim's core disciplines,
including Asset Management, Capital Markets, Estate Planning, Investment
Banking, and Wealth Management. For more information, visit
http://www.maximgrp.com/.
About Universal Travel Group
Universal Travel Group, a leading air travel and air cargo transportation agency
in Southern China, is engaged in providing reservation, booking, and domestic
and international travel and tourism services throughout China. The company's
core services include booking services for air tickets and hotels as well as air
cargo transportation and tour packaging for customers. Universal Travel recently
completed the acquisitions of Shenzhen Speedy Dragon Enterprise Ltd., a
nationwide cargo logistics company, Xi'an Golden Net Travel Serve Service Co.,
Ltd. which provides air tickets, train tickets and packaged tours, and Shanghai
Lanbao Travel Service Co., Ltd., which owns and manages the award winning China
Booking Association website http://www.cba-hotel.com/. Universal Travel's goal
is to become China's leading travel services provider in the aviation, cargo,
hotel booking and tour packaging segments. For more information, visit
www.chutg.com.
About Xi'an Golden Net Travel Serve Service Co., Ltd
Established in 2001, the China-based company focuses on the domestic tourism
market and provides air tickets, train tickets, and packaged tours, among other
services. For more information about Xi'an Golden Net Travel Serve Service Co.,
Ltd. visit, http://www.52xi-an.com.
A profile for Universal Travel Group investors can be accessed at
http://www.hawkassociates.com/utvgprofile.aspx. For investor relations
information regarding Universal Travel Group, contact Jacalyn Guo at (310)
443-4151, e-mail Jacalyn@chutg.com, or contact Frank Hawkins or Julie Marshall,
Hawk Associates, at (305) 451-1888, e-mail info@hawkassociates.com. An online
investor kit including press releases, current price quotes, stock charts and
other valuable information for investors may be found at
http://www.hawkassociates.com and http://www.americanmicrocaps.com. To receive
free e-mail notification of future releases, subscribe at
http://www.hawkassociates.com/email.aspx.
Forward-looking Statement
The statements in these news releases contain forward-looking information within
the meaning of the Private Securities Litigation Act of 1995. Such
forward-looking statements involve certain risks, assumptions and uncertainties.
In each case actual results may differ materially from such forward-looking
statements. Any statements regarding targets for future results are
forward-looking and actual results may differ materially. These are the
company's targets, not predictions of actual performance.

EX - 99 . 1 2 e602617 _ ex99 - 1 . txt PRESS RELEASE Exhibit 99 . 1 [ LOGO ] Investor Relations Contact : HAWK Hawk Associates , Inc . ASSOCIATES , Frank Hawkins and Julie Marshall INC . Phone : ( 305 ) 451 - 1888 [ LOGO ] UTG E - mail : info@hawkassociates.com UNIVERSAL TRAVEL GROUP http://www.hawkassociates.com 10940 Wilshire Blvd. Suite 1600 --------------------- Los Angeles , CA 90024 News Release : Contact : Jacalyn Guo FOR IMMEDIATE RELEASE e - mail : : Jacalyn@chutg.com --------------------- Phone : ( 310 ) 443 - 4151 www.chutg.com Universal Travel Group Newly - acquired Subsidiary Xi ' an Golden Net Reports $ 4.4M Revenue for the First Six Months of FY ' 07 Xi ' an Golden Net Reports Net Income of $ 302K for First Six Months of FY ' 07 LOS ANGELES and SHENZHEN , China - September 18 , 2007 -- Universal Travel ( OTCBB : UTVG ) , which operates through its wholly owned subsidiary , Shenzhen Yu Zhi Lu Aviation Service Company Ltd . ( YZL ) , a leading air travel and air cargo transportation agency in Southern China , announced today that unaudited revenue for the first six months of 2007 for its newly - acquired subsidiary , Xi ' an Golden Net , was $ 4.4 million and net income was $ 302,597 . Universal Travel noted that Xi ' an Golden Net is on track to surpass its fiscal 2006 financial performance . Xi ' an Golden Net reported revenue of $ 5.5 million and a net income of $ 490,000 for the fiscal year ended December 21 , 2006 . Universal Travel Group , which acquired Xi ' an Golden Net on August 6 , 2007 , is voluntarily releasing Xi ' an Golden Net 's 2007 unaudited financial data to provide investors with additional information regarding the newly - acquired subsidiary . These results are not consolidated in the company 's recently reported second quarter results . The figures for the six - month period ended June 30 , 2007 contained in this release are unaudited results , but the results for fiscal year ended December 31 , 2006 have been audited . Xi ' an Golden Net reported $ 451,426 in income from operations of for the first six months of 2007 , with total assets of $ 1.3 million and $ 45,256 in cash . Income from operations for the fiscal year ended December 31 , 2006 was $ 728,718 with total assets of $ 898,000 and $ 150,169 in cash . Additional information and financial results will be available in the 8K / A to be filed with the Securities and Exchange Commission today . Universal Travel Group Chairwoman and CEO Jiangping Jiang said , " Xi ' an Golden Net saw a dramatic increase in its revenue and net income during the first half of 2007 . Revenues in the first half of 2007 were already more than 80 % of those reported during the 2006 full fiscal year . As these results show , it is clear that Xi ' an Golden Net will surpass last year 's results and that this subsidiary will provide a strong revenue stream for Universal Travel . We also consider Xi ' an Golden Net an avenue to develop cross - sales opportunities between our subsidiaries , especially our air ticketing and hotel booking businesses " . Jiang , the Secretary of the Board Jing Xie and the VP of Corporate Development Jacalyn Guo will give a PowerPoint presentation that will include more information about the Xi ' an Golden Net acquisition at 5 : 00 p.m. EDT on September 20 , 2007 as part of the Maxim Group Growth Conference in New York City . The one - day event will feature presentations and one - on - one meetings with executives from over 70 domestic and international companies . To view the streaming video presentation and PowerPoint , visit www.corporate-ir.net/ireye/confLobby.zhtml?ticker=UTVG.OB&item_id=1637425 which will be activated at the time of the presentation . It is recommended that interested parties register at Maxim Group 's conference website at least 15 minutes prior to the start of the presentation to ensure timely access . The webcast will be archived and available for approximately three months after the presentation . About Maxim Group Maxim Group is a leading investment banking , securities and investment management firm . The company 's mission is to maximize clients ' wealth by providing unbiased advice and superior performance in Maxim 's core disciplines , including Asset Management , Capital Markets , Estate Planning , Investment Banking , and Wealth Management . For more information , visit http://www.maximgrp.com/ . About Universal Travel Group Universal Travel Group , a leading air travel and air cargo transportation agency in Southern China , is engaged in providing reservation , booking , and domestic and international travel and tourism services throughout China . The company 's core services include booking services for air tickets and hotels as well as air cargo transportation and tour packaging for customers . Universal Travel recently completed the acquisitions of Shenzhen Speedy Dragon Enterprise Ltd . , a nationwide cargo logistics company , Xi ' an Golden Net Travel Serve Service Co . , Ltd . which provides air tickets , train tickets and packaged tours , and Shanghai Lanbao Travel Service Co . , Ltd . , which owns and manages the award winning China Booking Association website http://www.cba-hotel.com/ . Universal Travel 's goal is to become China 's leading travel services provider in the aviation , cargo , hotel booking and tour packaging segments . For more information , visit www.chutg.com . About Xi ' an Golden Net Travel Serve Service Co . , Ltd Established in 2001 , the China - based company focuses on the domestic tourism market and provides air tickets , train tickets , and packaged tours , among other services . For more information about Xi ' an Golden Net Travel Serve Service Co . , Ltd . visit , http://www.52xi-an.com . A profile for Universal Travel Group investors can be accessed at http://www.hawkassociates.com/utvgprofile.aspx . For investor relations information regarding Universal Travel Group , contact Jacalyn Guo at ( 310 ) 443 - 4151 , e - mail Jacalyn@chutg.com , or contact Frank Hawkins or Julie Marshall , Hawk Associates , at ( 305 ) 451 - 1888 , e - mail info@hawkassociates.com . An online investor kit including press releases , current price quotes , stock charts and other valuable information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com . To receive free e - mail notification of future releases , subscribe at http://www.hawkassociates.com/email.aspx . Forward - looking Statement The statements in these news releases contain forward - looking information within the meaning of the Private Securities Litigation Act of 1995 . Such forward - looking statements involve certain risks , assumptions and uncertainties . In each case actual results may differ materially from such forward - looking statements . Any statements regarding targets for future results are forward - looking and actual results may differ materially . These are the company 's targets , not predictions of actual performance .