ENGLEWOOD CLIFFS, NJ--(MARKET WIRE)--Mar 4, 2005 -- YTB International, Inc. (OTC BB:YTBL.OB ), a leading provider of Internet-based travel services, announced today that February was its best month ever, as the Company sold over 1,200 new sites to Referral Travel Agents. These agents pay a monthly fee of $49.95 to the Company. As a result, YTB now hosts over 9,300 sites!
"When we combined REZconnect Technologies and YTB International, we were confident that we were in a position to capitalize on powerful synergies created by REZconnect's preferred status within the travel industry and YTB's strong marketing skills," said Lloyd Tomer, YTB International's Chairman of the Board. "This combination has resulted in dramatic growth in the number of travel agents who choose to host web sites and book travel with us. We believe our unique model differentiates us from the competition, and allows you to acquire long-term customers in an efficient manner. We are excited about the prospects for the balance of the year, where we expect to continue to generate strong growth."
YTB International previously announced that it expects revenue of $20 million to $20.3 million, representing approximately an 80% increase versus 2004. YTB expects net income of $2.5 to $2.7 million, or approximately $0.10 to $0.12 per diluted share.
YTB International, Inc. is engaged in referral marketing and travel through our three divisions. YTB Travel Network division provides support services for the 9,300 Referring Travel Agent that are currently selling travel-related services. REZconnect Technologies develops online travel stores for full service agencies and hosts over 2,500 locations, which include the development of several franchise systems and storefront locations throughout the USA and in overseas locations. It also has an agreement with Wal-Mart Stores to operate franchise locations within their SuperCenters. Its latest online business model ...REZcity.com just completed its third year and was rated as one of the top 500 franchise companies from Entrepreneur Magazine survey, January 2005 issue. YourTravelBiz.com is the marketing division that sells an on-line travel business through a network of independent distributors nationally.
Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and the Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.
