SOURCE: Pro Travel Network, Inc.

October 08, 2007 07:00 ET

Analysis Labels Pro Travel Network, Inc. as Buying Opportunity

FRESNO, CA--(Marketwire - October 8, 2007) - Pro Travel Network, Inc. (OTCBB: PTVL) responded to an analyst opinion report from Dutton Associates in advance of Pro Travel's 2007 fiscal fourth quarter and fiscal year 2007. The independent research note is a follow up to a previous report released in March of 2007, and states that PTVL's "Low current price presents a buying opportunity; speculative buy reiterated."

President and CEO, Paul Henderson, stated, "We are very pleased to see such positive results for our company in this report. We have worked diligently to strengthen our company, and this shows that what we have accomplished thus far, and will continue to accomplish, is being received and noticed in the financial world. We believe strongly that our company will continue to succeed and are striving to be the leader in the domestic Internet travel industry."

The report states that is expects PTVL to show a slight profit for the year end based on PTVL's continued strong revenue growth shown in the first three quarters of the year that is expected to carry into the fourth quarter and a one-time non-cash charge of $1,146,119 for professional and consulting fees in the third quarter. Also, the announcement of a new appointee as Chief Operating Officer and Vice President, as well as steps taken to strengthen the Board of Directors by adding key persons adds to the report's outlook. In closing, the report states, "Considering the positive fundamentals, we encourage investors interested in small internet travel growth companies to investigate the potential for capital growth with minimal downside risk that PTVL offers. We reiterate our Speculative Buy Rating and 12-month price target of $2.00 per share."

The independent research report completed by Dutton Associates may be found at http://www.duttonassociates.com/research/ptvl/notes/ptvl_note_092807.pdf.

Pro Travel Network is an emerging growth direct to consumer service business leveraging the powerful home-based business concepts with the travel industry. The company offers one of the most unique and comprehensive independent travel agent training packages in the travel industry, and currently has nearly 12,000 Independent Travel Agents nationwide.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although Pro Travel Network, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by Pro Travel Network, Inc. or any other person that the objective and plans of Pro Travel Network will be achieved.

Contact Information

  • Contact:
    Ron Huffman
    559-224-6000