Attached files
| file | filename |
|---|---|
| 8-K - YTB International, Inc. | v191066_8k.htm |
| EX-10.4 - YTB International, Inc. | v191066_ex10-4.htm |
| EX-10.3 - YTB International, Inc. | v191066_ex10-3.htm |
| EX-10.1 - YTB International, Inc. | v191066_ex10-1.htm |
| EX-10.2 - YTB International, Inc. | v191066_ex10-2.htm |
YTB
INTERNATIONAL ANNOUNCES CHANGE TO EXECUTIVE
COMPENSATION
PROGRAM
WOOD
RIVER, Ill., July 20, 2010 – YTB International, Inc. (OTC BB: YTBLA) (“YTB” or the “Company”), a provider
of e-commerce business solutions for individual consumers and home-based
independent representatives in the United States, Puerto Rico, Bermuda, the
Bahamas, the U.S. Virgin Islands, and Canada, today announced a change in the
Company’s executive compensation program.
In order
to ensure the Company continues its best practices related to executive
compensation, YTB is transitioning to a performance-based incentive compensation
program. Effective for the 2010 fiscal year, certain Company
executives are entitled to incentive compensation if the Company achieves growth
in the number of Business Owners at fiscal year end compared to the beginning of
the fiscal year; if the Company meets or exceeds certain financial objectives
established at the beginning of the fiscal year; or if the executives meet or
exceed certain personal or departmental financial and budgetary objectives
established at the beginning of each fiscal year.
Robert M.
Van Patten, YTB Chief Executive Officer commented, “The changes to the
compensation structure are a sign to our Independent Marketing Representatives
and Business Owners that we are focused on being financially responsible and are
indicators of YTB’s commitment toward success. This program places
more responsibility and accountability on each executive and motivates the
Company’s executives to continue to strive toward increasing shareholder
value.”
About
YTB International
YTB
International, Inc. was recognized as the 29th largest seller of travel in the
U.S. in Travel Weekly’s
2010 Power List, based on 2009 annual retail value of travel services
booked.
YTB
provides e-commerce business solutions for individual consumers and home-based
independent representatives in the United States, Puerto Rico, the Bahamas,
Canada, Bermuda, and the U.S. Virgin Islands. The Company operates through two
subsidiaries: ZamZuu, Inc. (formerly YTB Marketing, Inc. and YourTravelBiz.com,
Inc.) and YTB Travel Network, Inc.
For more
information about YTB visit http://www.ytb.com or
http://www.thefactsaboutytb.com.
Certain
matters set forth in this news release may contain forward-looking statements
that are provided to assist in the understanding of anticipated future financial
performance. However, such performance involves risks and uncertainties that may
cause actual results to differ materially from those in such statements. For a
discussion of certain factors that may cause such forward-looking statements to
differ materially from the Company's actual results, see the Company's reports
filed from time to time with the Securities and Exchange Commission including
the Company's Annual Report on Form 10-K for the year ended December 31, 2009.
The Company undertakes no obligation to update forward-looking statements to
reflect subsequently occurring events or circumstances.
For: YTB
International, Inc.
Media
Contact:
618-655-9477
PR@ytb.com
SOURCE
YTB International, Inc.