SHENZHEN, China, Sept. 30 /PRNewswire-Asia-FirstCall/ -- Universal Travel Group (NYSE: UTA) ("Universal Travel Group" or the "Company"), a leading travel services provider in China, today announced that the Company will hold its annual meeting of stockholders (the "Annual Meeting") on Monday, October 11, 2010, at 2:00 p.m. local time in Shenzhen, China.
The time and location of Universal Travel Group's annual meeting of stockholders are as follows:
Date: Monday, October 11, 2010
Time: 2:00 p.m. local time
Location: Shenzhen Hall
Wuzhou Guest House
#6001 Shennan Road, Futian District
Shenzhen, Guangdong Province, China
At the annual meeting of stockholders, the following proposals will be submitted for stockholder approval and are fully described in the Proxy Statement issued on September 13, 2010. The Company's proxy and annual report are also available for download on the Company's corporate website: http://cnutg.ir.stockpr.com/stockholder-meetings
1. To approve an amendment to the Company's certificate of incorporation
to authorize the classification of the board of directors (the "Board")
into three classes with staggered terms;
2. To elect seven directors to serve on the Board, in either Class I,
Class II or Class III of the Board, subject to the provisions of the
by-laws of the Company, with such Class I directors to serve until the
2011 Annual Meeting of Stockholders and until their respective
successors have been duly elected and qualified, or until such
director's earlier resignation, removal or death, such Class II
directors to serve until the 2012 Annual Meeting of Stockholders and
until their respective successors have been duly elected and qualified,
or until such director's earlier resignation, removal or death, and
such Class III directors to serve until the 2013 Annual Meeting of
Stockholders and until their respective successors have been duly
elected and qualified, or until such director's earlier resignation,
removal or death;
3. To ratify and approve the 2010 Stock Incentive Plan;
4. To ratify the appointment of Goldman Kurland Mohidin as the Company's
independent registered public accounting firm for fiscal year ending
December 31, 2010; and
5. To act on such other matters as may properly come before the meeting or
any adjournment or adjournments thereof.
The Company is soliciting proxies so that each stockholder has an opportunity to vote on all matters that are scheduled to come before the stockholders at the Annual Meeting. Whether or not you plan to attend, please take the time now to read the Proxy Statement and vote by submitting by mail a paper copy of your proxy or voter instructions card, so that your shares are represented at the meeting.
Universal Travel Group's executives will provide an investor presentation to discuss the Company's growth strategy, business outlook and financial performance. The Company's management and Board members will answer questions from analysts and investors at the Meeting.
If you are interested in attending, please RSVP by contacting CCG Investor Relations via email roger.ellis@ccgir.com or phone 310-954-1332.
About Universal Travel Group
Universal Travel Group, founded in 1998, is a leading travel services provider in China. The Company primarily focuses on the leisure travel market and offers its customers package tours, air ticketing, and hotel reservation services. The Company has multiple sales channels including two 24-hour call centers; an online sales portal at www.cnutg.com; Company-owned and franchised sales offices, and wholesaler relationships. The Company's headquarters and main base of operations is in Shenzhen in the Pearl River Delta region of China. More recently, Universal Travel Group has expanded its business into Western China, opening a second home base in the Chongqing Delta region, and other attractive, under-penetrated tier-two travel markets throughout the country. For more information on the Company, please visit http://us.cnutg.com .
For more information, please contact:
Company Contact:
Mr. Jing Xie
Interim Chief Financial Officer
Universal Travel Group
Phone: +86-755-8366-8489
Email: 06@cnutg.cn
Website: http://us.cnutg.com
Investor Relations Contact:
CCG Investor Relations
Mr. Crocker Coulson, President
Phone: +1-646-213-1915
Email: crocker.coulson@ccgir.com
Website: http://www.ccgirasia.com
