SOURCE: YTB International

May 06, 2005 09:00 ET

YTB International Reports Record Number of Travel Sites

Momentum Builds as Company Grows 20% in 6 Weeks

ENGLEWOOD CLIFFS, NJ -- (MARKET WIRE) -- May 6, 2005 -- YTB International, Inc. (OTC BB: YTBL), a leading provider of Internet-based travel services, announced today that it has eclipsed 12,000 active Referring Travel Agents (RTAs), the highest number in its history. Each RTA pays the Company a monthly fee of $49.95 for their personalized on-line travel agency.

"We are experiencing tremendous growth in the number of travel agents wanting to sell services using our unique business model," said Scott Tomer, YourTravelBiz.com CEO. "Under this model, everybody wins, as the Agent receives highly attractive compensation, the customer gets low-cost travel alternatives and YTB experiences rapid earnings growth. We believe we are in the early stages of momentum, and that revenue and earnings will accelerate throughout the course of the year."

YTB is pleased to announce the addition of Tim Dominey, James Prewitt and Victor Toyens to its top field management level. They join Ron Head, Rick Ricketts, Dave Funk, Peter Jensen, Juliet St. John, Charles Nicholson, Camaron Corr, Jerome Hughes, Katrina Greenhill, Steve Branch and Terrence (T.V.) Wilson in the C.A.R. program.

This elite group of leaders is responsible for increasing the Company's active Referring Travel Agent base by over 2,000 in just 6 weeks, representing a net growth of 20%.

The Company expects to announce first quarter results for the period ended March 31, 2005, within two weeks when it will report its first quarter profit and update expectations for the balance of the year.

YTB International, Inc. is engaged in referral marketing and travel through three divisions. YTB Travel Network division provides support services for the 12,000 Referring Travel Agents who sell travel-related services. REZconnect Technologies develops online travel stores for full service agencies and hosts over 6,500 locations, of which 1,500 license consumer sites. Its latest online business model -- REZcity.com -- just completed its third year and was rated as one of the top 500 franchise companies in a survey by Entrepreneur Magazine, January 2005 issue. YourTravelBiz.com is the marketing division, selling an on-line travel business through a network of independent distributors nationally.

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:
    CEOcast, Inc., New York
    Ed Lewis
    212-732-4300