Universal Travel Group Inc. ("Universal Travel Group" or the "Company") (NYSE: UTA), a leading travel services provider in China, offering packaged tours, air ticketing, and hotel reservation services online and via customer service representatives, following its previous announcement on its new business expansion plan to franchise its recently obtained International Travel License from China National Tourism Association, announces it has granted its franchise to five more franchisees.

"We have granted our franchise to local travel agencies in Beijing, Hainan, Tianjin, Nanjing, and Guangzhou. Like our previous franchisees, they have converted their business model, adopted our franchise operating scheme, and obtained their local business registration to run this franchise officially," said Ms. Jiangping JIANG, Chairwoman and Chief Executive Officer of Universal Travel Group. "We believe with their existing client base and our growing brand awareness, we will achieve market share growth and greater brand acceptance," Ms. Jiang added.

The Company has previously granted its franchise to three local travel agencies in Shenyang, Dalian, and Qingdao. We are confident with the existing strong interests from local travel agencies to leverage our brand, join our franchise, and represent us nationwide; we will achieve customer base and revenue growth.

About Universal Travel Group

Universal Travel Group Inc. (NYSE: UTA) is a leading China-based travel services provider, focusing on the domestic tourism market for leisure and corporate travel and offering packaged tours, air ticketing, and hotel reservation services. The Company targets geographic expansion in underpenetrated travel markets in central and western China; and it has established a second operation base in Chongqing. With the Chinese disposal income continuing to rise driving demand for domestic leisure services, the Company continues to benefit and dominate packaged tour businesses. The Company operates multi-channels sales with 24 hour call centers, online website, owned and franchised sales offices and various wholesale channels.

 
SOURCE: PRNewswire
 
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