Universal Travel Group Strong Speculative Buy In Initiating Coverage By Dutton Associates

ROSEVILLE, Calif., Dec. 3 /PRNewswire-Asia-FirstCall/ -- Dutton Associates initiates coverage of Universal Travel Group (OTC Bulletin Board: UTVG) with a Strong Speculative Buy rating and a price target of $3.36. The 23-page report by Dutton senior analyst Stanley Ng is available at http://www.duttonassociates.com as well as from First Call, Bloomberg, Capital IQ, FactSet, Reuters, and other leading financial portals.

Universal Travel is a travel services provider in the People's Republic of China and is principally engaged in the provisions of air-ticket and hotel reservations, domestic and international travel and tourism services throughout China via the Internet and through customer representatives. The Company's services include tour-packaging, booking, services for air tickets and hotels as well as air cargo agency. The Company's vision is to become the foremost leading online travel services provider in all fields of the tourism industry, including the aviation service, cargo agency, hotel booking and tour packaging segments in the People's Republic of China. It is a quality and attractive play to participate in China's huge and growing tourism industry. We expect that the Company should be able to sustain very rapid growth in revenue and net income in the coming few years simply through capturing additional market shares from its competitors. Based on our assumptions, and the Company's pace of expansion, we forecast the Company to achieve a 67.5% increase in revenue to $74.17 million in 2008, $98.64 million in 2009 and $141.25 million in 2010. Diluted EPS should increase from $0.26 in 2007 to $0.35 in 2008, $0.42 in 2009 and $0.65 in 2010. At our 12-month target price of $3.36 per share, the stock is trading at prospective 2008 diluted PE of 9.6x and just 8.0x for 2009, versus its current 2.2x our 2008 estimate.

About Universal Travel Group Inc.

Universal Travel Group, a fast growing travel services provider in China, is engaged in providing reservation, booking, and domestic and international travel and tourism services throughout China 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 China-based company that handles domestic and international travel inquiries. Universal Travel's goal is to become China'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, visit http://us.cnutg.com .

About Dutton Associates

Dutton Associates is one of the largest independent investment research firms in the U.S. Its 20 senior analysts are primarily CFAs, have expertise in many industries. Dutton Associates provides continuing analyst coverage of over 120 enrolled companies, and its research, estimates, and ratings are carried in all the major databases serving institutions and online investors.

The cost of enrolment in our one-year continuing research program is US $35,000 prepaid for 4 Research Reports, typically published quarterly, and requisite Research Notes. The Firm does not accept any equity compensation. We received $35,000 from the Company for 4 quarterly Research Reports with coverage commencing on 11/19/2008. Our principals and analysts are prohibited from owning or trading in securities of covered companies. The views expressed in this research report accurately reflect the analyst's personal views about the subject securities or issuer. Neither the analyst's compensation nor the compensation received by us is in any way related to the specific ratings or views contained in this research report or note. Please read full disclosures and analyst background at http://www.jmdutton.com before investing.

For more information, please contact:

Dutton Associates

John M. Dutton

Tel: +1-916-960-0623

Universal Travel

Jing Xie

Tel: +86-755-8366-8489