They are having the big convention this weekend and are expecting 20k+. My friend just left for it. Dont know what bearing it will have on the stock, but just thought I would share what little information I get on this company. My friend is sold on this for sure.
aceduecetrey my 2 buddies left thur morning for the convention
I bought back in at $3.50 yesterday with a sell order at 8.00
I expect this stock to go up short term..fwiw
here is some news
YTB International Announces Fiscal 2007 Second Quarter Results
Company Reports Record Revenues of $32.8 Million
WOOD RIVER, Ill., <chron>Aug. 14</chron> /PRNewswire-FirstCall/ -- YTB International, Inc. (Pink Sheets: YTBLA.PK) ('YTB' or the 'Company'), a provider of Internet- based travel booking services for travel agencies and home-based independent representatives in the <location>United States</location>, today announced its financial results for the three and six month periods ended <chron>June 30, 2007</chron>.
Total revenue for the quarter ended <chron>June 30, 2007</chron> increased 232% to <money>$32.8 million</money> compared with <money>$9.9 million</money> for the second quarter last year. Revenue generated from online travel store sales and monthly fees in the second quarter of 2007 was <money>$23.3 million</money>, compared to <money>$7.4 million</money> in the second quarter of 2006. Revenue from travel agency commissions in the second quarter of 2007 was <money>$5.9 million</money>, compared to <money>$1.9 million</money> for the same period last year. Also, training programs and marketing materials revenue increased in the second quarter of 2007 to <money>$3.4 million</money>, from <money>$460,835</money> in the prior year quarter.
Net income for the second quarter of 2007 was <money>$1.7 million</money>, or <money>$0.02</money> per diluted share, compared to a net loss of (<money>$1.4</money>) million, or (<money>$0.02</money>) per diluted share, for the second quarter of 2006.
Total revenue for the six months ended <chron>June 30, 2007</chron> increased 216% to <money>$57.0 million</money>, compared to <money>$18.0 million</money> for the same period last year. Revenue generated from online travel store sales and monthly fees in the first six months of 2007 was <money>$41.3 million</money>, compared to <money>$13.5 million</money> for the same period in 2006. Revenue from travel agency commissions for the first six months of 2007 was <money>$8.4 million</money>, compared to <money>$3.2 million</money> for the same period last year. Training programs and marketing materials revenue in the six months ended <chron>June 30, 2007</chron> was <money>$6.7 million</money>, up from <money>$1.2 million</money> in the same period last year.
Net loss for the six months ended <chron>June 30, 2007</chron> was (<money>$505,218</money>), or (<money>$0.01</money>) per diluted share, compared to a net loss of (<money>$1.6</money>) million, or (<money>$0.02</money>) per diluted share, for the same period in 2006.
'We are extremely pleased with the results for our second quarter, which is the Company's first profitable quarter. This accomplishment was achieved despite certain one-time costs incurred during the period that are related to the continued expansion of our infrastructure in order to support the growing number of RTAs and improve our services,' stated
Scott Tomer</person>, chief executive officer of YTB International.</p>
Mr. Tomer</person> added, 'In just the past six months we have experienced tremendous growth, and this was highlighted in <chron>June 2007</chron> when we achieved the 100,000 RTAs mark. We are very excited by the outlook for the Company and remain focused on preparing for our future. In addition to expanding our existing business, we are working on several new projects, including our planned expansion into the Canadian market and our YTBcars program, currently being beta tested in the <location>St. Louis</location> area. We fully believe that this is just the beginning for YTB as we move ahead with new programs and expand our network of RTAs and customer