Sichenzia Ross Friedman Ference LLP’s Client, Universal Travel Group, Lists on NYSE Amex Following Reverse Split

Sichenzia Ross Friedman Ference LLP’s Client, Universal Travel Group, Lists on NYSE Amex Following Reverse Split
NEW YORK, June 1, 2009 (GLOBE NEWSWIRE) — New York- based securities law firm, Sichenzia Ross Friedman Ference LLP congratulates its client, Universal Travel Group on its first day of trading on the NYSE Amex. China-based Universal Travel Group opened for trading on NYSE Amex under the ticker symbol “UTA” on May 28, 2009. Universal Travel Group is the fifth company to list on the NYSE Amex market in 2009, and the third Chinese company to list on NYSE Amex year-to-date.

“We are pleased and honored to represent Universal Travel Group in its listing on the NYSE Amex. Our plan to conduct a reverse split of the company’s common stock backed up by a well-executed investor relations campaign proved to be extremely successful. We have, together with the efforts of a highly-motivated and integrated management team, not only been able to bring about more visibility and recognition to the company and liquidity in its stock but are extremely proud to accomplish the goal of listing the company on a senior exchange within a mere six weeks of the date of its initial application”, said Mr. Benjamin Tan, partner and head of the firm’s Asian Practice Group.

“We believe that the success that we have had with Universal Travel Group will serve as a model for under-valued Chinese bulletin board companies to migrate to a senior exchange within a short period of time”, enthused Mr. Gregory Sichenzia, founding partner of the firm.

About Universal Travel Group (NYSE Amex: UTA

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, booking services for air tickets and hotels, as well as air cargo transportation. In 2007, Universal Travel Group completed the acquisitions of 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. 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, cargo, hotel booking and tour packaging segments. For more information about the Company, please visit http://us.cnutg.com.

 

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Sichenzia Ross Ference LLP

Sichenzia Ross Ference LLP is a nationally recognized securities and corporate law firm that provides experienced representation in all matters involving the securities industry. Super Lawyers consistently recognizes our attorneys as among the highest rated securities lawyers in the nation. Our attorneys specialize in advising clients on private placements, initial (IPOs) and secondary public offerings, alternative public offerings, preparation of SEC filings and listings on major capital stock exchanges such as the NYSE (New York Stock Exchange), NASDAQ and OTC markets. In addition, our litigation and arbitration attorneys are highly skilled in representing clients from routine lawsuits to complex cases before the SEC, FINRA and other tribunals. We also represent clients in a range of residential and commercial real estate and trusts and estates matters.

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