SOURCE: Universal Travel Group

November 08, 2006 17:02 ET

Universal Travel Group Reports Positive Results for the Three and Nine Months Ended September 30

Hosts Investor Conference Call on Thursday, November 9th at 11:00 AM ET

SHENZHEN, CHINA and LOS ANGELES, CA -- (MARKET WIRE) -- November 8, 2006 -- Universal Travel Group (PINKSHEETS: UTVG), which, through its wholly owned subsidiary Yu Zhi Lu Aviation Service Company Ltd. ("YZL"), operates as a China-based aviation services company, reported today its financial results for the three- and nine-month periods ended September 30, 2006. Full details can be found in the Company's Form 10-QSB to be filed at the day of the conference call. Coinciding with the filing, members of the Company's management team will host an investor conference call on Thursday, November 9, 2006 at 11:00 AM ET to discuss its 10-QSB and those factors furthering the Company's growth.

For the three months ended September 30, 2006, total revenues grew 62% sequentially to $1,505,068 from $928,095 for the second quarter ended June 30, 2006. Net income for the third quarter of 2006 grew 92% sequentially to $962,633, or $0.03 per share, from $500,528, or $0.02 per share, in the second quarter of 2006. For the nine months ending September 30, 2006, the Company reported total revenues of $3,197,667 and net income of $1,923,490. Universal Travel Group commenced operations in June 2005.

Jiangping Jiang, chairman and CEO of Universal Travel Group, said, "I'm highly pleased to report our third quarter numbers, which represent an ongoing trend of revenue and income growth quarter-to-quarter. We have taken strategic steps that have proven themselves in the near-term, and position us to accelerate our growth moving forward. During the quarter, we continued to grow our customer base, established a 24-hour telephone call center, opened new franchise locations, and aggressively expanded into new service areas. I believe that these steps will continue to generate top- and bottom-line improvements for Company in the long-term."

Management invites all interested parties to join its conference call on Thursday, November 9, 2006 at 11:00 AM ET by dialing 1-877-407-8035 (toll-free) or 1-201-689-8035. It is advisable that participants dial in approximately 5-10 minutes before the conference is scheduled to begin. Hosting the conference will be Universal Travel Group CEO Jiangping Jiang; CFO Xin Zhang; General Manager Qing Xie; and Investor Relations Representative Jacalyn Guo. Management discussion of Form 10-QSB will be followed by an open Q&A session. A rebroadcast of the conference call will be available online at

About Universal Travel Group

Universal Travel Group, through its wholly owned subsidiary, Yu Zhi Lu Aviation Service Company Ltd. ("YZL"), is engaged in travel services pertaining to domestic and international lines through Hong Kong, Macau, and Taiwan. The Company's core services include dynamic booking for air tickets, hotels, and restaurants, as well as tour routing for customers. For more information, visit or

The Private Securities Litigation Reform Act of 1995 provides a "Safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involved risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company's reports filed with the Securities and Exchange Commission.

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