SHENZHEN, China, Sept. 15 /PRNewswire-Asia-FirstCall/ -- Universal Travel
Group (NYSE: UTA) ("Universal Travel Group" or the "Company"), a leading
travel services provider in China, today responded to allegations that
appeared in the online blog by Bronte Capital. Universal Travel categorically
denies all the allegations contained in the blog. The Company is consulting
with its legal counsel as to the legal options available to it and will be
aggressively pursuing all legal remedies against Bronte Capital and John
Hempton for the damages caused to the Company and its shareholders.
About Universal Travel Group
Universal Travel Group, founded in 1998, is a leading travel services
provider in China. The Company primarily focuses on the leisure travel market
and offers its customers package tours, air ticketing, and hotel reservation
services. The Company has multiple sales channels including two 24-hour call
centers; an online sales portal at http://www.cnutg.com; Company-owned and
franchised sales offices, wholesaler relationships. 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.
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.
For more information, please contact:
Company Contact:
Mr. Jing Xie
Secretary of Board and Vice President
Universal Travel Group
Phone: +86-755-8366-8489
Email: 06@cnutg.cn
Website: http://us.cnutg.com
Investor Relations Contact:
CCG Investor Relations
Mr. Crocker Coulson, President
Phone: +1-646-213-1915
Email: crocker.coulson@ccgir.com
Website: http://www.ccgirasia.com
SOURCE Universal Travel Group