Attached files
| file | filename |
|---|---|
| 8-K - UNIVERSAL TRAVEL GROUP | v190596_8k.htm |
Exhibit
99.1
|
Company
Contact:
|
Investor
Relations Contact:
|
|
Mr.
Jing Xie
|
CCG
Investor Relations
|
|
Secretary
of Board and Vice President
|
Mr.
Athan Dounis, Account Manager
|
|
Universal
Travel Group
|
Phone:
1-646-213-1916
|
|
Phone:
+86-755-8366-8489
|
Email:
athan.dounis@ccgir.com
|
|
Email:
06@cnutg.cn
|
|
|
us.cnutg.com
|
Mr.
Crocker Coulson, President
|
|
Phone:
1-646-213-1915
|
|
|
Email:
crocker.coulson@ccgir.com
|
|
FOR IMMEDIATE
RELEASE
Universal
Travel Group Announces Partnership with Agoda
SHENZHEN,
China, July 13, 2010 – Universal Travel Group (NYSE: UTA), a leading
travel services provider in China offering package tours, air ticketing, and
hotel reservation services, today announced a partnership with Agoda, a
subsidiary of Priceline.com, to strengthen its hotel reservation business
segment and upgrade its website, www.cnutg.com.
“We are
glad to have the opportunity to work with one of the world's largest online
hotel reservation agencies and further strengthen our hotel reservation
segment,” said Ms. Jiangping Jiang, Chairwoman and Chief Executive Officer. “The
cooperation with Agoda fits with our strategy of expanding our higher margin
business segments. We intend to leverage Agoda’s global brand
awareness and look forward to a successful partnership.”
Under the
agreement, Universal Travel Group will offer its customers access to Agoda’s
international network of hotels. Through the updated cnutg.com website,
travelers will be able to enjoy special Agoda promotions and instant
confirmation at tens of thousands of hotels worldwide. Through this
partnership with Universal Travel Group, Agoda intends to increase its exposure
in the large Chinese travel market.
Mr.
Wilfred Fan, Vice President of Business Development at Agoda, said, "We are very
excited about this partnership which we believe will extend Agoda's reach in a
unique and growing market segment. Universal Travel Group is a great company to
partner with. Their travel products and services complement Agoda's
and we share the same vision of providing true value at a reasonable cost to our
customers."
Agoda
(www.agoda.com)
is one of Asia's leading online hotel reservation sites, offering a best price
guarantee and year-round deals and promotions. As a leading player in Asia,
Agoda was acquired in 2007 by Nasdaq-listed Priceline.com, greatly extending the
company's global reach, with more than 100,000 hotels listed
worldwide.
About
Universal Travel Group
Universal
Travel Group is a leading travel services provider in China offering package
tours, air ticketing, and hotel reservation services via the Internet and
customer service representatives. The Company also operates TRIPEASY Kiosks,
which are placed in shopping malls, office buildings, residential apartment
buildings, and tourist sites. These kiosks are designed for travel
booking with credit and bank cards, and serve as an advertising platform for
Universal Travel Group. 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.
About
Agoda Company Pte Ltd
Agoda
Company Pte Ltd (www.agoda.com) is a
leading, Asia-based, online hotel reservations company, which specializes in
securing the lowest discount hotel prices. Agoda.com is part of Priceline.com
(Nasdaq:PCLN). Agoda's network includes over 8,000 hotels in Asia-Pacific and
more than 100,000 worldwide. The multinational team located throughout Asia,
provides a first-rate reservation service that uniquely combines local knowledge
and local connections to provide the best hotel deals to both business and
leisure travelers.
In
addition, Agoda customers participate in the Agoda Rewards Program, earning
further discounts and free stays. Unlike programs that limit travelers to a
single chain, the Agoda Rewards Program allows customers to redeem Rewards
Points at thousands of hotels around the globe, at any time. Agoda's aim is to
promote travel by making it more affordable and more accessible to more
people.
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.
# #
#