Universal Travel Group to Begin Trading on the New York Stock Exchange

Mon Oct 26, 2009 4:00pm EDT
 
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SHENZHEN, China, Oct. 26 /PRNewswire-Asia-FirstCall/ -- Universal Travel
Group (NYSE: UTA) (the "Company"), a growing travel services provider in China
offering package tours, air ticketing, and hotel reservation services online
and via customer service representatives, announced today that its common
stock will no longer trade on the NYSE Amex and will begin trading tomorrow on
the New York Stock Exchange. The Company's common stock will continue to be
listed under the ticker symbol "UTA" and its Designated Market Maker will be
Barclays Capital.
    "We are honored to have been approved to list on the New York Stock
Exchange and would like to express our sincere gratitude to our shareholders,
dedicated employees, the entire management team, and all other parties who
have contributed to our success in reaching this significant milestone," said
Ms. Jiangping Jiang, the Company's Chairwoman and Chief Executive Officer. "We
believe this listing will help enhance the visibility of Universal Travel
Group in the U.S. capital markets, increase the attractiveness, liquidity and
marketability of our stock, and further expand our investor base."
    About Universal Travel Group
    Universal Travel Group, a growing travel services provider in China, is
engaged in providing reservation, booking, and domestic and international
travel and tourism services via the Internet and through customer service
representatives. Under the theme "Wings towards a more colorful life" the
Company's core services include package tours for customers and reservation
services for airline tickets and hotels. In 2007, Universal Travel Group
completed the acquisitions of Shenzhen Speedy Dragon, specializing in air
cargo transportation; Xi'an Golden Net, specializing in package tours;
Shanghai LanBao, specializing in hotel reservations and Foshan Overseas
International, a China-based company that handles domestic and international
travel inquiries. In 2009, Universal Travel Group sold Shenzhen Speedy Dragon
to focus on more profitable travel related businesses and its cost effective
TRIPEASY Kiosks expansion. Universal Travel Group's goal is to become China's
leading travel services provider in all fields of the tourism industry. Please
visit the Company's website at http://us.cnutg.com for additional information.
    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 changes in the anticipated amounts of non-cash
adjustments 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
     Secretary of Board and Vice President
     Universal Travel Group
     Phone: +86-755-8366-8489
     Email: 06@cnutg.cn
     Web:   http://us.cnutg.com

    Investor Relations Contact:

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

SOURCE  Universal Travel Group

Company Contact - Mr. Jing Xie, Secretary of Board and Vice President of
Universal Travel Group, +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 crocker.coulson@ccgir.com

 

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