omniture

Universal Travel Group to Host Conference Call to Address Investor Questions

2010-09-20 18:35 961

    SHENZHEN, China, Sept. 20 /PRNewswire-Asia/ -- Universal Travel Group (NYSE: UTA) ("Universal Travel Group" or the "Company"), a leading travel services provider in China, today announced that it will hold a conference call at 9:00 a.m. ET on Wednesday, September 29, 2010, to discuss and answer any questions investors may have regarding the Company's business and financial statements. To participate in the call and have your questions answered, please email your questions by Friday, September 25, 2010, to Mr. Jing Xie, Interim Chief Financial Officer at the following email address: 06@cnutg.cn.

    "We are fully committed to maintaining the highest standards of disclosure and maintaining the confidence of our investors and shareholders," said Ms. Jiangping Jiang, the Company's Chief Executive Officer.  "In light of recent unfounded allegations casting doubt on the integrity of our business model and financial statements, management has decided to collect and address questions from investors in a conference call."

    To participate in the call, please dial (877) 779-7834 five minutes prior to the 9:00 a.m. start time and reference conference ID number 12534724. International callers should dial +1 (706) 902-2087.

    A replay of the call will be available for 14 days beginning Wednesday, September 29, 2010, at 10:00 a.m. Eastern Time. To listen to the replay, dial (800) 642-1687 and enter the conference ID number 12534724. International callers should dial +1 (706) 645-9291.  An audio recording will also be available on the Company's website at http://us.cnutg.com.

    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 http://www.cnutg.com ; Company-owned and franchised sales offices, 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 .

    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

     Interim Chief Financial Officer

     Universal Travel Group

     Phone: +86-755-8366-8489

     Email: 06@cnutg.cn

     Web:   http://us.cnutg.com

    Investor Relations Contact:

     CCG Investor Relations

     Mr. Crocker Coulson, President

     Phone: +1-646-213-1915

     Email: crocker.coulson@ccgir.com

     Web:   http://www.ccgirasia.com

Source: Universal Travel Group
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