SOURCE: YTB International

February 08, 2007 10:24 ET

YTB INTERNATIONAL Chairman Provides Clarification Re: Real Estate Transaction

WOOD RIVER, IL -- (MARKET WIRE) -- February 8, 2007 -- YTB International, Inc. ("YTBI" or the "Company") (PINKSHEETS: YTBL) and its Chairman of the Board, J. Lloyd Tomer, provided clarification today regarding Mr. Tomer's disposition of 1,000,000 shares of YTBI's common stock in payment of the purchase price in a real estate transaction that had closed in January 2007. As required under federal securities laws, Mr. Tomer filed a Form 4 disclosing the transfer of the shares as part of the purchase of a piece of real estate. While the disposition of the shares was technically deemed a "sale" under the rules that govern Mr. Tomer's SEC filings, in reality the shares were merely used as a means to purchase a piece of property that had long-standing sentimental value to Mr. Tomer.

The Company released the following statement in clarification of the true story behind the share disposition: "Coach Lloyd Tomer sold his dream home a few years ago to help fund YTBI at a critical time in the Company's growth. A few days ago he regained ownership of his dream home by giving one million shares of YTB International, Inc. stock to the person he sold it to, John Simmons. In return, Coach got the real estate back."

ABOUT YTBI: YTB International, Inc. provides Internet-based travel booking services for travel agencies and home-based independent representatives in the United States, Puerto Rico, and the US Virgin Islands. It operates through three subsidiaries:, Inc., YTB Travel Network, Inc., and REZconnect Technologies, Inc. division focuses on marketing on-line travel agencies through a nationwide network of over 69,000 independent business people, known as Independent Marketing Representatives, or "IMRs." YTB Travel Network division establishes and maintains travel vendor relationships, books travel transactions of on-line travel agents (RTAs,) collects travel payments and licensing fees, and processes travel commissions. The RTA sells travel through a personalized Internet-based travel Website. The REZconnect Technologies division builds online reservation systems for suppliers within the travel industry.

Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and the Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.

Contact Information

  • Contact:
    YTB International, Inc.
    Andrew Cauthen
    Corporate Secretary
    1901 E. Edwardsville Rd.
    Wood River, IL 62095
    Email Contact