Universal Travel Group Confident in First Quarter 2009 Outlook

SHENZHEN, China, March 24 /PRNewswire-Asia-FirstCall/ -- Universal Travel
Group Inc. (OTC Bulletin Board: UTVG) ("Universal Travel Group" or the
"Company"), a growing travel services provider in the People's Republic of
China ("PRC") 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 first quarter 2009
guidance based on the company's performance in the first two months of the
year and recent strong travel industry trends in the PRC.
The Company expects revenue to range from $16 million to $17 million and
net income to range from $2.5 million to $3 million for the first quarter,
excluding stock base compensation. This represents growth in revenue of 59% to
69% and growth in net income of 71% to 105% compared to the first quarter of
2008.
The Company believes that there are several reasons for its strong first
quarter results thus far. First, last year's snowstorms in China slowed demand
for travel services in the PRC. Additionally, abundant liquidity created by
government stimulus packages has spurred consumption and demand for travel
related services; the PRC's domestic air traffic volume picked up 15% to 20%
since the beginning of the year, according to a Citigroup Global Market
Research Report (March 2009). Reflecting integration of its diversified
platform, Universal Travel continues to experience market share gains due to
growing brand awareness, an increased focus on its online businesses,
successful deployment of its TRIPEASY Kiosks and overall effective management
of its operations.
Universal Travel Group previously forecasted a full year 2009 revenue
range of $88 million to $96 million with a full year 2009 net income range of
$16.5 million to $18 million, or earnings per share of $0.40 to $0.43 before
the 3 for 1 reverse split. Due to seasonality, the Company typically
experiences lower sales and profits in the first quarter. With the outlook for
the first quarter, management is confident that it will meet its full year
2009 guidance.
"We continue to see strong demand for our products and services as an
increasing number of internet users book travel plans online," stated Ms.
Jiangping Jiang, CEO of Universal Travel Group. "An increase in consumer
consumption led by strong GDP growth estimated at 8% this year indicates a
bright future for demand for our travel products and services. This bodes well
for our traditional air-ticketing, hotel booking and packaged tours businesses
and gives us confidence in our first quarter and 2009 outlook," added Ms.
Jiang.
About Universal Travel Group Inc.
Universal Travel Group, a growing travel services provider in the People's
Republic of China, is engaged in providing reservation, booking, and domestic
and international travel and tourism services throughout the PRC 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 PRC-based company that
handles domestic and international travel inquiries. Universal Travel's goal
is to become the PRC'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 about the company, please visit
http://us.cnutg.com , and http://www.cnutg.com.cn for the service website.
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. Investors 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:

Company Contact:
Mr. Jing Xie
Chief Financial Officer
Universal Travel Group Inc.
Tel: +86-755-8366-8489
Email: 06@cnutg.cn
Web: http://us.cnutg.com

Investor Relations Contact:
Mr. Crocker Coulson, President
CCG Investor Relations
Tel: +1-646-213-1915 (NY office) or
Mr. Gary Chin
Tel: +1-646-213-1909
Email: crocker.coulson@ccgir.com
Web: http://www.ccgirasia.com

SOURCE Universal Travel Group Inc.

Company Contact: Mr. Jing Xie, Chief Financial Officer of Universal Travel
Group Inc., +86-755-8366-8489, or 06@cnutg.cn; Investor Relations Contact: Mr.
Crocker Coulson, President of CCG Investor Relations, +1-646-213-1915 (NY
office) or Mr. Gary Chin, +1-646-213-1909, or crocker.coulson@ccgir.com