Rochester,NY 8/20/2009 9:58:36 PM
Universal Travel Group UTA Appoints New Chief Financial Officer and Audit Committee Chair
Universal Travel Group
Universal Travel Group a growing travel services provider in the People’s Republic of China specializing in online and customer representative services to the travel service industry offering packaged tours, air ticketing and hotel reservation services, today announced the appointment of Mr. Philip Yizhao Zhang to the position of Chief Financial Officer and Mr. Lawrence Lee as the new Independent Director and Audit Committee Chairperson
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Universal Travel Group, a growing travel services provider in the PRC, is engaged in providing reservation, booking, and domestic and international travel and tourism services throughout the PRC via the internet and through customer representatives. Under the theme "Wings towards a more colorful life" the Company’s core services include tour packaging for customers and booking services for air tickets and hotels. In 2007, Universal Travel Group completed the acquisitions of Shenzhen Speedy Dragon, specializing in air cargo transportation; Xi’an Golden Net, specializing in travel packaged tours; Shanghai LanBao, specializing in hotel reservation and Foshan Overseas International, a PRC-based company that handles domestic and international travel inquiries. In 2009, Universal Travel Group sold Shenzhen Speedy Dragon to focus on more profitable travel related businesses and its cost effective TRIPEASY Kiosks expansion. Universal Travel Group’s goal is to become the PRC’s leading travel services provider in all fields of the tourism industry including the aviation, hotel booking and tour packaging segments.
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