SHENZHEN,
China and
LOS ANGELES,
Nov. 20 /PRNewswire-FirstCall/ --
Universal Travel Group ("Universal") (OTC: UTVG), 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 the Company has
formed a strategic partnership with TravelSky Technology Limited
("TravelSky"), an operating unit of
China TravelSky Holding Company. TravelSky
is the leading provider of information technology solutions for China's air
travel and tourism industries. Under the terms of the agreement, TravelSky
will provide a computerized service platform to YZL for management and
processing of on/off line payment methods, online booking for hotels, and
online airplane ticket booking services. The partnership allows the Company
access to over 3,000 Chinese and foreign hotels in TravelSky's network for the
benefit of Universal's customers.
Jiangping Jiang, CEO of Universal Travel Group, said, "The agreement with
TravelSky is a boon to both the Company and our customers. The Company can
immediately improve the bottom-line by consolidating the reservation and
payment administration through a centralized IT infrastructure. The business
and commercial traveler benefits from having over 3,000 hotels to choose from
for their accommodations. I look forward to a long-term relationship with
TravelSky. I anticipate this agreement will benefit our shareholders in the
near- and long-term."
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 http://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.
At the Company:
Universal Travel Group
Jacalyn Guo
Investor Relations
(310) 443-4151
jacalyn@chutg.com
http://www.chutg.com
Investor Relations:
OTC Financial Network
Peter Clark
Investor Relations
781-444-6100, x629
peter@otcfn.com
http://www.otcfn.com/utvg
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