Dutton Associates Announces Investment Opinion: Pro Travel Network Strong Speculative...

Dutton Associates Announces Investment Opinion: Pro Travel Network Strong Speculative Buy Rating In Update Coverage By Dutton Associates

ROSEVILLE, Calif.--(Business Wire)--
Dutton Associates updates its coverage of Pro Travel Network
(OTCBB:PTVL) maintaining a Speculative Buy rating and a price target
of $2.00. The report by Dutton senior analyst Richard West, CFA is
available at www.jmdutton.com as well as from First Call, Bloomberg,
Zacks, Knobias, Reuters, and other leading financial portals.

Pro Travel is a young, Internet-based provider of online travel
stores for travel agencies and home-based representatives using its
services and technology. Pro Travel currently supports more than
15,000 independent travel agents and 6,000 independent representatives
throughout North America. Pro Travel has established strong
relationships with travel providers for cruises, air travel, hotels,
and auto rentals. Evidence of the strength of these relationships is
seen in Pro Travel's increasing the number of cruises booked with
Carnival Cruise Lines by over 91% since 2007. Pro Travel's revenue
continues to increase on a comparable quarterly basis; total revenue
for nine months ended March 31, 2008, increased 139.2% to $6.8 million
from $2.8 million for nine months ended March 31, 2007. Through the
last seven quarters, Pro Travel's revenue has been over $2.0 million
for each quarter. Pro Travel broke into the profit column in the three
and nine months ended March 31, 2008. It is nearing completion in the
expansion of its operations in Canada. Their balance sheet is clean
and strong with no long-term debt and a current ratio over 2 to 1. In
view of the most positive operating results for the three and nine
months ended March 31, 2008, and the relatively low valuation of Pro
Travel, we are reiterating our rating of Strong Speculative Buy and
maintain our $2.00 per share price target.

About Dutton Associates

Dutton Associates is one of the largest independent investment
research firms in the U.S. Its 30 senior analysts are primarily CFAs
and have expertise in many industries. Dutton Associates provides
continuing analyst coverage of over 140 enrolled companies, and its
research, estimates, and ratings are carried in all the major
databases serving institutions and online investors.

The cost of enrollment in our one-year continuing research program
is US $35,000 prepaid for 4 Research Reports, typically published
quarterly, and requisite Research Notes. Dutton Associates received
$39,500 from the Company for 4 Research Reports with coverage
commencing on 3/12/2007. We do not accept payment of our fees in
company stock. Our principals and analysts are prohibited from owning
or trading in securities of covered companies. The views expressed in
this research report accurately reflect the analyst's personal views
about the subject securities or issuer. Neither the analyst's
compensation nor the compensation received by us is in any way related
to the specific ratings or views contained in this research report or
note. Please read full disclosures and analyst background at
www.jmdutton.com before investing.

Dutton Associates
John Dutton, 916-960-0623

Copyright Business Wire 2008