Universal Travel Group
(OTCBB: UTVG)
SHENZHEN, China and LOS ANGELES, Aug. 29 — Universal Travel Group (OTC: UTVG), which through its wholly owned subsidiary Yu Zhi Lu Aviation Service Company Ltd. (”YZL”) operates as a China-based aviation services company, announced today that LiZong Wang has been appointed an independent director to the Company’s Board of Directors.
Mr. Wang is an experienced strategic consultant and independent director of over 10-years, whose expertise encompasses leadership and advisory services to business and political organizations. Concurrently, he serves as an Independent Director to the Rui De Feng Agrochemical Company, Ltd. Since 2001, he has also been serving as Secretary General of Guangdong High Tech Industry Chamber of Commerce, Deputy Secretary General of Guangdong Private Enterprise Cultural Association, and Deputy Secretary General of Shenzhen Tax Administration. In these positions, his responsibilities include providing information, financial consulting, fundraising techniques, and investment services to more than 6,000 members.
LiZong Wang stated, “I’m honored to be associated with Universal Travel Group. The Company comes to market at an important time in China’s evolution. As the country becomes a key player in the global marketplace, with a focus on corporate business and finance, manufacturing, and leisure tourism, the Company is aiding in this transformation by providing travel and tourism services to the areas that serve as hubs for these sectors. I look forward to contributing to the Company’s growth and development.”
Jiangping Jiang, President and CEO of Universal Travel Group, said, “I’m pleased to welcome LiZong Wang to Universal Travel Group as an Independent Director. Mr. Wang is a seasoned business executive with extensive experience in the Shenzhen high-tech sector and the political arena. I believe that his counsel, coupled with his political experience and contacts, will assist the Company in achieving greater revenue growth and recognition within the travel industry in the long-term.”
Additionally, Mr. Wang has extensive experience in the planning and execution of large-scale events. In 2000, he organized more than 90 free seminars, symposiums and academic affairs for the launch of the first domestic “People’s Business Economic Forum” in Shenzhen, China, whose attendance exceeded 10,000 guests. In 2004, he organized more than 90 seminars in both Guangzhou and Shenzhen, whose total attendance exceeded 14,000 guests. Two seminars of note organized by Mr. Wang were “My Management Style” and “The First Private Capital Economic High Peak Forum of the Two Rivers (Pearl River, Yangtze River) of China,” both of which received positive attention from members of the business, academic, and journalism fields. For these two seminars, Mr. Wang was awarded the Golden Medal indicating the seminar was a keynote event. In 2000, he organized and established an organization in conjunction with a branch office of The People’s Live Bank and Zhong-Ke-Zhi Guarantee Company, both in Shenzhen, China. The purpose of the organization is to provide funding solutions to businesses. Mr. Wang has been the recipient of several business awards that include “Chinese Private Enterprise Science and technology promoted prize,” “Chinese Economic Special Area Reform Personnel,”
and “People’s Inspector in Shenzhen.” Mr. Wang holds an MBA from Queens University in Kingston, Ontario, Canada.
About Universal Travel Group
Universal Travel Group, through its wholly owned subsidiary, Yu Zhi Lu Aviation Service Company Ltd. (”YZL”), is engaged in travel services pertaining to domestic and international lines through Hong Kong, Macau, and Taiwan. The Company’s core services include dynamic booking for air tickets, hotels, and restaurants, as well as tour routing for customers. For more information, visit http://www.chutg.com or http://www.otcfn.com/utvg.
The Private Securities Litigation Reform Act of 1995 provides a “Safe harbor” for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involved risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company’s reports filed with the Securities and Exchange Commission.
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