SOURCE: YTB International

February 08, 2007 09:20 ET

YTB International Exceeds 2006 Goal of 52,269 Referring Travel Agents and Completes First Phase of HQ Relocation

WOOD RIVER, IL -- (MARKET WIRE) -- February 8, 2007 --YTB International, Inc. ("YTBI" or the "Company") (PINKSHEETS: YTBL) announced that it exceeded its 2006 goal of Referring Travel Agent growth. The number of RTAs increased from 2,808 in 2003 to over 60,000 in December 2006. Company founders set a goal in early 2006 of 52,269 RTAs by the end of the year. That goal was met in October. The total RTA count today exceeds 69,000.

In addition, YTBI has completed the first phase of its relocation to larger corporate headquarters in Wood River, IL. This relocation is part of an evolving strategy to support the Company's growth in its Referring Travel Agents and resultant growth in its support and administrative staff.

The relocation was accomplished by the purchase of a 120,000 sq. ft. former K-Mart building in July 2006. The renovation project includes a newly completed portion of the facility for their current offices to be followed by more extensive renovations. The current $2 million renovation houses 168 employees. The next phase of the project will include a theater, expanded offices, and work spaces to accommodate an additional 600 employees. As the Company continues to incur expenses for its expansion, it expects to continue to incur significant losses from operations for the foreseeable future.

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 Companies 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