SHENZHEN, China, Jan. 23 /PRNewswire-Asia-FirstCall/ -- Universal Travel Group Inc. (OTC Bulletin Board: UTVG) (“Universal Travel Group”, or the “Company”), a growing travel services provider in the People’s Republic of China (“PRC”) specializing in online and customer representative services to the travel service industry offering packaged tours, air ticketing, hotel reservation and air cargo agency services, today announced that the Company has entered into an exclusive, five year co-operation agreement with Byte Power (CQ) Info Tech Limited in the City of Chongqing, a subsidiary of Byte Power Group Limited (ASX: BPG.AX) (“BPG”).
BPG chose UTVG as its exclusive co-operation partner due to the Company’s introduction of its user-friendly TRIPEASY Kiosks, the first of its kind in China. According to the agreement, UTVG will jointly place its TRIPEASY Kiosks inside BPG’s e-Kiosks, which will integrate and complement each other’s functionality and bring greater benefits to a wide range of users. The TRIPEASY Kiosk provides easy and immediate access of travel bookings and entertainment guides to those who have no or inconvenient access to the Internet in high public traffic places, BPG’s e-Kiosk occupies an area of 16 square meters, and offers a wide range of services aimed at “e-enabling” the regional Chinese population.
UTVG will provide its TRIPEASY Kiosk machines and install the database related to travel services, government and public affairs and periodically provide on-site personnel to promote the use of TRIPEASY Kiosks. Additionally, it will increase the number of functions that TRIPEASY Kiosks may provide, such as utilities payment, fixed and mobile phone fee recharge, lottery purchase, transportation IC card recharge, etc. BPG will provide the machine installation, operation, maintenance and local media promotion.
In the first phase of the trial rollout, 13 TRIPEASY Kiosks will be placed into e-Kiosks at peripherals of major shopping malls, office buildings, at road junctions and pedestrian malls. In Chongqing, BPG has about 300 secured sites for its e-Kiosks, which offer mass benefits of e-commerce, could be used as travel booking locations and tourist information points. The attraction of UTVG’s exclusive hand-in-hand development agreement with BPG stems from the potentially fast roll-out of BPG’s e-Kiosks project. Rapid expansion could be achieved by the Company as well with nominal time or human resources invested. At present, BPG has systematically rolled out its e-Kiosks to major public areas in Chongqing, China and the rollout has been approved and encouraged by government authorities in Chongqing and other cities.
“We are pleased to take our TRIPEASY Kiosks beyond the city of Shenzhen, and into a wide range of public locations in Chongqing,” said Ms. Jiangping Jiang, CEO of UTVG. “By co-operating with Byte Power Group, we will save the time, energy and expenses related to negotiating and securing public locations, as well as upgrade the functionality of our Kiosks to appeal to a broader base of consumers. We look forward to a close working relationship with BPG and we hope to introduce and rollout our TRIPEASY Kiosks to further existing and potential e-Kiosks in China and Australia in the future.”
About Byte Power Group Limited
Byte Power Group Limited (ASX: BPG.AX) is a specialist provider of IT&T solutions to leading organizations in the SME, corporate and government sectors throughout Australia and China. The company provides turnkey solutions that support enterprise-wide requirements.
In China, Byte Power is currently implementing a city wide e-Kiosk solution in Chongqing City. This Byte Power solution provides the general population convenient access to a range of on and off line services as well as enhancing the city’s outlook. The Chongqing City e-Kiosk agreement allows for the development of up to 3,000 sites across Chongqing City.
Byte Power also provides specialist network solutions with the design, importation, distribution and maintenance of Uninterruptible Power Supplies (UPS) and the design and manufacture of the Mediator range of network, physical and environmental monitoring and management equipment. For more information, please see http://www.bytepowergroup.com .
About Universal Travel Group Inc.
Universal Travel Group, a growing travel services provider in the People’s Republic of China, is engaged in providing reservation, booking, and domestic and international travel and tourism services throughout the PRC via the internet and through customer representatives. Under the theme “Wings towards a more colorful life” the Company’s core services include tour packaging for customers, booking services for air tickets and hotels as well as air cargo transportation. In 2007, Universal Travel Group completed the acquisitions of Speedy Dragon, specializing in air cargo transportation; Xi’an Golden Net, specializing in travel packaged tours; Shanghai LanBao, specializing in hotel reservation and Foshan Overseas International, a PRC-based company that handles domestic and international travel inquiries. Universal Travel’s goal is to become the PRC’s leading travel services provider in all fields of the tourism industry including the aviation, cargo, hotel booking and tour packaging segments. For more information about the Company, please visit http://us.cnutg.com .
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This press release contains certain statements that may include “forward-looking statements” within the meaning of federal securities laws. All statements, other than statements of historical facts, included herein are “forward-looking statements”. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the Company’s ability to successfully expand its market presence and those discussed in the Company’s periodic reports that are filed with and available from the Securities and Exchange Commission. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
For more information, please contact:
Company Contact:
Mr. Jing Xie
Secretary of Board & Vice President
Universal Travel Group Inc.
Tel: +86-755-8366-8489
Email: 06@cnutg.cn
Web: http://us.cnutg.com
Investor Relations Contact:
Mr. Crocker Coulson
President
CCG Investor Relations
Tel: +1-646-213-1915 (NY office)
Email: crocker.coulson@ccgir.com
Web: http://www.ccgirasia.com
