Universal Travel Group Opens 10 New Franchises in Q3 2006

Date Posted: 10/4/2006

SHENZHEN, China and LOS ANGELES, Oct 04, 2006 /PRNewswire-FirstCall via COMTEX/ -- Universal Travel Group which through its wholly owned subsidiary Yu Zhi Lu Aviation Service Company Ltd. ("YZL") operates as a China-based aviation services company, announced today that during the third quarter ended September 30, 2006, the Company added 10 new franchise airplane ticket sales offices to their sales network. YZL anticipates an additional 20 Company-owned airplane ticket sales offices will open by year's end. These newly constructed offices and franchise opportunities are expected to increase the Company's tickets sales volume to 100,000 airplane tickets in 2006. The new sales offices will increase the Company's total sales network to more than 100 Company-owned operating offices and franchise companies.

Jiangping Jiang, President and CEO of Universal Travel Group, said, "The addition of the new sales offices in Northern, Southern, and Southwest China adds a brick-and-mortar sales channel to areas that could only previously be serviced by a call center or online channels. By establishing a physical location in these regions, we can more effectively obtain nationwide coverage through increased accessibility to our services. Based on the success of our franchise business model, our expanded sales network has the potential to increase ticket revenues by approximately $400,000 to $600,000 beginning in 2007."

Simultaneously, the Company intends to expand its sales network coverage area to include both China's Northern and Southern regions, with epicenters located in large and mid-sized metropolitan areas. Representative cities by region include Guangzhou and Shenzhen in Southern China; Beijing and Shanghai in Northern China; and Chengdu, Kunming, and Chongqing in Southwestern China. Universal's management believes that the new offices and expanded coverage network will allow the Company to increase its gross airplane ticket sales by 100,000 units each year beginning in 2007.

About Universal Travel Group

Universal Travel Group, through its wholly owned subsidiary, Yu Zhi Lu Aviation Service Company Ltd. ("YZL"), is engaged in travel services pertaining to domestic and international lines through Hong Kong, Macau, and Taiwan. The Company's core services include dynamic booking for air tickets, hotels, and restaurants, as well as tour routing for customers. For more information, visit www.chutg.com or http://www.otcfn.com/utvg .

The Private Securities Litigation Reform Act of 1995 provides a "Safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involved risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company's reports filed with the Securities and Exchange Commission.

SOURCE Universal Travel Group

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