WOOD RIVER, Ill., Jan. 16 /PRNewswire-FirstCall/ -- YTB International,
Inc. (Pink Sheets: YTBLA) ("YTB" or the "Company"), a leading provider of
Internet-based travel booking services for travel agencies and home-based
independent representatives in the United States, announced today that the
Company is expanding its services into Canada, the Bahamas, and Bermuda.
YTB Bahamas opened on January 11, 2008, and YTB Canada and YTB Bermuda
are scheduled to open in early February, 2008. With YTB's expansion, reps
and Referring Travel Affiliates (RTAs) living in these locations can sell
travel through YTB websites and market online travel agencies to others in
the U.S., Puerto Rico, the Bahamas, Bermuda and Canada.
"We are pleased to take 'international' to a whole new level at YTB,"
said J. Kim Sorensen, President and CEO of YTB Travel Network. "We have
done international trips from day one, but now we can expand the reach of
our team to cover all of North America and into the Caribbean. This means
even better opportunities for our RTAs and reps, and solidifies YTB's
travel agency status."
YTB's executive and legal teams worked diligently with the regulatory
bodies in each country to ensure that the Company meets or exceeds the
standards in each region. In addition, new RTAs are able to take advantage
of the same extensive training available to U.S.-based RTAs. YTB will also
be holding onsite certification training in the Bahamas, Bermuda and
"This is a truly exciting time for YTB executives, RTAs, and consumers
buying travel through YTB. It also shows that people are embracing the idea
of buying online travel and taking advantage of fantastic trips, including
YTB's exclusive package for the Beijing Olympics," said Derek Avera, Vice
President of International Business Development at YTB. "The addition of
Canada, Bermuda, and the Bahamas represents the first step in YTB's
international expansion plan. We look forward to adding even more countries
to the YTB International family over the next year."
YTB International is now recognized as a bonded travel agency in Canada
and will add three offices in Canada. The Company will also hold kick-off
meetings in Vancouver on February 9, 2008 and Toronto on February 16, 2008
to provide more information about the Company and the opportunities.
About YTB International
Recognized as the 35th largest seller of travel in the U.S. in 2006 by
Travel Weekly, 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 online travel agencies
through a nationwide network of independent business people, known as
'Reps.' YTB Travel Network division establishes and maintains travel vendor
relationships, books travel transactions of online travel agents (RTAs, now
numbering more than 135,000), collects travel commissions and pays sales
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. For more
information, visit http://www.ytbi.com/investor.
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.
Levick Strategic Communications for YTB International, Inc.
Garth Russell / Yemi Rose
KCSA Worldwide for YTB International, Inc.
Phone: 212.896.1250 / 212.896.1233
SOURCE YTB International, Inc.