SOURCE: Pro Travel Network

November 27, 2007 07:00 ET

Pro Travel Network Inc. Revenues Nearly Double Over Previous Year

FRESNO, CA--(Marketwire - November 27, 2007) - Pro Travel Network, Inc. (OTCBB: PTVL) released the company's first quarterly numbers, boasting large gains in both gross profits and revenues. Pro Travel Network posted a 97% increase in Revenues and a 65% increase in Gross Profits for the first quarter of 2008 over the same period for 2007. The company has also posted pre-audit Net Profitability of $150,000 for Q1 FY2008. Demonstrating that Pro Travel Network is already on its way to another record braking year.

Paul Henderson, CEO and President of Pro Travel Network, stated, "PTVL is in a great position for starting out our fiscal year, and we are very pleased with the results thus far. When comparing quarterly numbers for this year and last, we've posted an astounding 97% in Revenues, 65% increase in Gross Profits, and have seen a Net Profitability of $150,000. We have strived to accomplish many things in a short amount of time, including our development into an international presence, and these numbers are proof that our business concept is successful and profitable. We have started this fiscal year in the right direction, and are expecting to top last year's outstanding success. Meanwhile, we feel that PTVL is currently undervalued in the market and believe that with such proven success, that should soon change."

For the quarterly period ending September 30, 2007 compared to the same period last year, the company posted $2,022,333 in Revenues, a 97% increase. For the same time period, the company realized a Gross Profit of $736,641, amounting to a 65% increase. Pro-Travel also declared a pre-audit Net Profit of $150,000 for the first fiscal quarter ending September 30, 2007. For more information please review the company's filings with the Securities & Exchange Commission (http://www.sec.gov/cgi-bin/browse-edgar?company=pro+travel+network&CIK=&filenum=&State=&SIC=&owner=include&action=getcompany).

Pro Travel Network is an emerging growth, direct to consumer service business leveraging powerful home-based business concepts with the travel industry that offers one of the most unique and comprehensive independent travel agent training packages in the travel industry.

"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:
    Darryl Wong
    (559) 224-6000