Header Graphic
YTB Intl Press Releases > YTB International to Report First Profitable Quarter for the Period Ended March 31, 2005
YTB International to Report First Profitable Quarter for the Period Ended March 31, 2005
 Apr 18, 2005 -- Rapid Growth in Referral Travel Agents Generating Significant Cash Flow

ENGLEWOOD CLIFFS, NJ--(MARKET WIRE)--Apr 18, 2005 -- YTB International, Inc. (OTC BB:YTBL.OB ), a leading provider of Internet-based travel services, announced today that it expects to report its first profitable quarter in the Company's history when it reports its first quarter results for the period ended March 31, 2005 in mid-May. YTB has seen rapid growth in the number of Referral Travel agents in recent months culminating in the Company exceeding 10,000 agents in March, up from 8,500 at the beginning of the year. In the twenty-day period from February 22nd to March 13th, YTB signed an additional 1,000 agents. Each agent pays the Company a monthly fee of $49.95 for the right to host a web site that offers the Company's innovative travel services.

"We have begun to see significant growth in the number of travel agents utilizing our services," said Michael Brent, YTB International, Inc.'s CEO. "Once we reached the 10,000 agent level, our model generates significant cash flow, as each incremental agent generates about $36 per month in additional cash flow. In addition, as our network grows, these agents sell more travel services generating commission-based income for YTB and allowing us to obtain even better deals with leading travel companies."

YTB International previously announced that it expects 2005 revenue of $20 million to $20.3 million, representing approximately an 80% increase over 2004. YTB expects net income of $2.5 to $2.7 million, or approximately $0.10 to $0.12 per diluted share.

Travel Network division provides support services for the over 11,000 Referring Travel Agents who are currently selling travel-related services. REZconnect Technologies develops online travel stores for full service agencies and hosts over 6,500 locations, of which 1,500 license consumer sites. REZconnect also operates several franchise systems and storefront locations throughout the USA and in overseas locations. REZconnect 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, selling 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.