Universal Travel Group Appoints New Director

By: Lifestyle News

Universal Travel Group (OTCBB:UTVG), a fast growing travel services provider in China specializing in packaged tours, air ticketing, hotel reservation and air cargo transportation, announced today the appointment of James Treacy as an independent board of director for UTVG.

Treacy brings more than 20 years of experience with public companies. In 1994, he joined TMP Worldwide, now Monster Worldwide, as chief executive officer of the company's Recruitment Advertising Division. Treacy played an integral role in the acquisition of Monster.com in 1995 and the creation of the corporate cross-selling strategy known as "Feeding the Monster." In 1998, Monster appointed Treacy as executive vice president, COO and to its board of directors. He became company president and COO in November 2001, serving in those roles until his resignation in 2002. During his tenure, Monster became a member of the S&P 500, the NASDAQ 100 and the Fortune e-50.

Prior to Monster, Treacy was a senior vice president with WPP, USA. He was also with The Ogilvy Group and before that was with Texaco, Inc.

Treacy served on the board of publicly-listed eBookers Public Limited Company, which was sold to Cendant (now part of Travelport), in 2005. From March 2006 until March 2007, he served as a director on the board of Dice Holdings, Inc. as it prepared for its June 2007 IPO. Currently, Treacy serves on the President’s Council of Valley Hospital and is an angel investor in several early stage Internet companies. He works in a private business as well as in an investor consultancy capacity.

Chairman and Chief Executive Officer Jiangping Jiang said, “We are pleased to welcome Jim to the board and feel that his industry knowledge and keen understanding of the Internet as a marketing tool will help Universal Travel to reach new levels of growth and bring greater return to our shareholders.”

About Universal Travel Group

Universal Travel Group, a fast growing travel services provider in China, is engaged in providing reservation, booking, and domestic and international travel and tourism services throughout China. The company's core services include tour packaging for customers, booking services for air tickets and hotels as well as air cargo transportation. Universal Travel Group has completed acquisitions of Speedy Dragon, specializing in air cargo transportation; Xi'an Golden Net, specializing in travel packaged tours; and Shanghai LanBao, specializing in hotel reservation. In October, UTVG closed the acquisition of Foshan Overseas International, a China-based company that handles domestic and international travel inquiries as well as corporate travel, offering specialized packages that include national and international air ticket booking, hotel reservations, conference center reservations and rental cars. In December 2007, UTVG closed the acquisition of Tianjin Golden Dragon, a company that specializes in domestic and international tour packaging, including planning and organizing conferences, events, tours and transportation for large groups in Tianjin, China. Universal Travel's goal is to become China's leading travel services provider in all fields of tourism industry including the aviation, cargo, hotel booking and tour packaging segments

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