SOURCE: YTB International, Inc.

March 06, 2007 07:00 ET

YTB International, Inc. Appoints Principal Officers

WOOD RIVER, IL -- (MARKET WIRE) -- March 6, 2007 -- YTB International, Inc. ("YTBI" or the "Company") (PINKSHEETS: YTBL) announced the appointment of J. Kim Sorensen as President, replacing Michael Y. Brent; Andrew F. Cauthen as Corporate Secretary, replacing Derek Brent; and John D. Clagg, the CFO of YTBI, as Treasurer, replacing J. Kim Sorensen, effective December 27, 2006.

Mr. Sorensen has an extensive business background. He has owned several businesses and has managed a multi-million dollar complex adjacent to the Illinois state capital. After joining A.L. Williams insurance company, he achieved success and was named a Senior Vice President. In the early 1990s, Sorensen conceived the notion of combining internet travel and referral marketing as consumers became more comfortable with online travel bookings. Sorensen, along with co-founders J. Lloyd Tomer and J. Scott Tomer, founded YourTravelbiz.com ("YTB") with the goal of becoming the largest online travel agency in the world. YTB, one of the company's principal operating subsidiaries, supports over 76,000 Referring Travel Agents. Sorensen is also President of YTB Travel Network, another operating subsidiary of the Company.

Mr. Cauthen joined the YTBI team in November 2004 as Chief Operating Officer of the YTB subsidiary. He was subsequently named President of YTB in October 2006, and on March 1, 2007 was named CEO. Cauthen's business experience includes executive management, corporate operations, marketing and sales, and he has been President and CEO of two companies with asset bases of $1 billion or more.

Mr. Clagg, besides being our newly appointed Treasurer, also serves as Vice President and Chief Financial Officer of YTBI as well as its subsidiaries. He joined the Company in December 2003. Clagg has 25 years of financial management and treasury management experience. Clagg has served on the Boards of Directors of various non-profit community organizations in the past.

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: YourTravelBiz.com, Inc., YTB Travel Network, Inc., and REZconnect Technologies, Inc. YourTravelBiz.com division focuses on marketing on-line travel agencies through a nationwide network of over 70,000 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. Each 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