YTB Travel News

It has been mentioned that YTB Travel is a public company inferring legitimacy and obviously infers it has been scrutinized by the SEC ...

The SEC does very little due diligence's on reverse-merged companies... that's right! - REVERSE-MERGED COMPANIES also known as YTB Travel ... YTB Travel did not do an initial public offerring YTB Travel simply bought a shell company ( REZConnect) that was already trading on the OTC bulletin board for pennies (and who was loosing money by the buckets just like YTB Travel.) - the merger actually enabled RezConnect to write off $15M to "goodwill"! come on "GOODWILL" sounds like SELF-PERSEVERANCE if you ask me.

YTB Travel never went through the scrutiny by analysts or anyone else typically endured by a company that does an IPO. Opting for the method of "going public", although frequently done is in my opinion is quite underhanded - it doesn't add any capital to YTB Travel ( one of the many reasons to go public in the first place) it merely adds some small ( depending on the market demand) amount of liquidity for the original players as well as the facade of legitimacy that hasn't truly been earned.

Now, let's follow the YTB Travel money trail to see how legitimate this deal was for the little guy caught in the YTB Travel MLM scheme ... YTB Travel under a little scrutiny for their filings to the SEC shows that for 2004 they claimed revenue of approx 11.5 Million, However, Of that 11.5 million 63.4% which is roughly over 7 million dollars came out of the pockets of YTB Travel Reps. Moreover, 17.8 percent or just about 2Million dollars of YTB Travel reported revenue was the GROSS sales amount of all the travel YTB Travel booked which is entirely offset within the cost of product as YTB Travel does not actually offer travel - YTB Travel simply refers it.

If you really did your do diligence's - it soon becomes apparently clear that about 4.4% or roughly $484,034.00 was actual commission on travel sold. Now based that on the over 8700 members that YTB Travel has claimed to have in this filing that would have put the TOTAL average YTB Travel commission for each YTB Travel Rep would be less than 60 dollars now this is not exactly what you would call an promising home based business for the average person.

Therefore,the only conclusion that one can conclude from going through YTB Travel financials and yet there is much, much more to be looked at trust me, is that YTB Travel are making money off selling YTB Travel memberships and the 50 dollar a month fee and not much else. If your into selling a product and being a travel agent - there is little money here. If your into selling MLM schemes and ripping off the public at large .... then YTB Travel is for you.

For More Information Contact:

Daryl D. Alex
Regional Executive
TraVerus Travel And TeleVerus Cell Phones
Traverus Travel Update
1.800.781.3254
1.877.744.3431
225.590.7700