EX-99
3
exh99_ytbi-02032005.txt
PRESS RELEASE
EXHIBIT 99: COPY OF PRESS RELEASE
FOR IMMEDIATE RELEASE
---------------------
January 28, 2005
----------------
CONTACT: Betty Krystyniak 201-567-8500 ext. 23
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YTB International, Inc.
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YTB International Secures $2 Million Financing with Laurus Funds
Englewood Cliffs, NJ - January 28, 2005 - YTB International, Inc. (OTCBB:YTBL),
announced today that it has raised $2 million from the sale of its three-year
fixed price secured convertible note to Laurus Master Fund, Ltd. ("Laurus
Funds"). The proceeds of the sale will be used primarily to support the growth
of the Company.
Under the terms of the Laurus Funds financing, the Note is payable in cash or
convertible into shares of YTB International's common stock at a conversion
price of $0.80 per share for the first million and $1.25 for the second million
shares. The Note bears an interest rate equal to the Wall Street Journal Prime
Rate plus 3% and may be adjusted downward under circumstances related to the
trading value of YTB International stock. Laurus Funds may not convert the Note,
common stock for a minimum of six months from the closing date and then may
convert the note into a maximum of 66,667 shares per month.
In connection with the purchase of the Note, the Company issued Laurus a 7-year
warrant to purchase 400,000 shares of common stock at an exercise price of $1.58
and 400,000 shares of common stock at an exercise price of $1.72. YTB
International has agreed to register the shares of common stock underlying the
note and the warrant.
The Company may also redeem the Note, at its option, at any time, at a price
equal to 102% for the face value of the note.
YTB International will file a Form 8-K Report with the SEC, which will include
copies of the Laurus agreements.
Michael Brent, YTB International, Inc.'s CEO stated, "Laurus Funds' capital
commitment will provide the opportunity to advance our growth objectives. And we
look forward to a long and mutually rewarding relationship with Laurus".
YTB International, Inc. is a publicly traded company and is engaged in referral
marketing and travel. YourTravelBiz division provides support services for the
8400 reps that are currently in the system. YTB's 2nd division, RezConnect
Technologies develops online travel stores and oversees and processes travel
bookings from the websites. The 3rd division, YTB Travel is a management company
which operates several different franchise systems which include storefront and
online business models.
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 Act 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.
Contact:
CEOcast, Inc. for YTB International
Ed Lewis, (212) 732-4300

EX - 99 3 exh99 _ ytbi - 02032005 . txt PRESS RELEASE EXHIBIT 99 : COPY OF PRESS RELEASE FOR IMMEDIATE RELEASE --------------------- January 28 , 2005 ---------------- CONTACT : Betty Krystyniak 201 - 567 - 8500 ext . 23 ------------------------------------------------ YTB International , Inc . ----------------------- YTB International Secures $ 2 Million Financing with Laurus Funds Englewood Cliffs , NJ - January 28 , 2005 - YTB International , Inc . ( OTCBB : YTBL ) , announced today that it has raised $ 2 million from the sale of its three - year fixed price secured convertible note to Laurus Master Fund , Ltd . ( " Laurus Funds " ) . The proceeds of the sale will be used primarily to support the growth of the Company . Under the terms of the Laurus Funds financing , the Note is payable in cash or convertible into shares of YTB International 's common stock at a conversion price of $ 0.80 per share for the first million and $ 1.25 for the second million shares . The Note bears an interest rate equal to the Wall Street Journal Prime Rate plus 3 % and may be adjusted downward under circumstances related to the trading value of YTB International stock . Laurus Funds may not convert the Note , common stock for a minimum of six months from the closing date and then may convert the note into a maximum of 66,667 shares per month . In connection with the purchase of the Note , the Company issued Laurus a 7 - year warrant to purchase 400,000 shares of common stock at an exercise price of $ 1.58 and 400,000 shares of common stock at an exercise price of $ 1.72 . YTB International has agreed to register the shares of common stock underlying the note and the warrant . The Company may also redeem the Note , at its option , at any time , at a price equal to 102 % for the face value of the note . YTB International will file a Form 8 - K Report with the SEC , which will include copies of the Laurus agreements . Michael Brent , YTB International , Inc . 's CEO stated , " Laurus Funds ' capital commitment will provide the opportunity to advance our growth objectives . And we look forward to a long and mutually rewarding relationship with Laurus " . YTB International , Inc . is a publicly traded company and is engaged in referral marketing and travel . YourTravelBiz division provides support services for the 8400 reps that are currently in the system . YTB 's 2nd division , RezConnect Technologies develops online travel stores and oversees and processes travel bookings from the websites . The 3rd division , YTB Travel is a management company which operates several different franchise systems which include storefront and online business models . 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 Act 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 . Contact : CEOcast , Inc . for YTB International Ed Lewis , ( 212 ) 732 - 4300