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YTB International Announces Financial Expectations for 2005 Company Expects 80% Revenue Growth and Solid Earnings YTB International growth potential for 2005 Englewood Cliffs, NJ (PRWEB) February 5, 2005 -- YTB International, Inc. (OTCBB:YTBL), a leading provider of Internet-based travel services, announced today financial expectations for 2005 for the period ended December 31, 2005. The Company 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. Although the Company has not reported 2004 financial results, it anticipates revenue of approximately $11 million.
The combination of REZconnect and YTB International has created powerful synergies," said Lloyd Tomer, YTB Internationals Chairman of the Board. The new YTB combines innovative web design and travel offerings with powerful referral marketing. We anticipate that our growing number of representatives will continue to rapidly increase the Companys travel-related revenue. Our Company has never been stronger, and the entire management team is excited about 2005."
YTB International, Inc is engaged in referral marketing and travel through three divisions. YTB Travel Network Division provides support services for the 8,550 Referring Travel Agents that are currently selling travel-related services. REZconnect Technologies develops online travel stores and oversees the development of several franchise systems which include storefront locations thru-out 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 in the January 2005 issue.
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 Act 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.
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