What is Different about Traverus And TeleVerus Cell Phones


Showing posts with label YTB Travel Scam. Show all posts
Showing posts with label YTB Travel Scam. Show all posts

Sunday, May 17, 2009

$1 MILLION Fine handed out to YTB

YTB Travel News: As reported by Elizabet Donald:WOOD RIVER -- Illinois has filed a lawsuit against the YourTravelBiz company and California has leveled a $1 million fine against it.

The company and its officers face litigation from Illinois Attorney General Lisa Madigan, according to spokesman Natalie Bauer.

Jonathan Quinn, an attorney for YourTravelBiz, said the company does not have a comment at this time on the Illinois complaint. "We have not been formally served, and when we are we will review the complaint and be in a position to comment," he said.

According to the Illinois complaint filed against YTB on Thursday, the company charged its clients a $450 initial fee plus $50 a month to purchase a travel Web site. The suit alleges that the company misled their clients as to the commissions they received, that advertising showed there was no cost to join. Calling it a pyramid scheme, the complaint alleges that the real money came from referring others to join YTB instead of the travel sales themselves.

According to the suit, the average representative earned about $114 a year, while executives made millions. Madigan alleges that the company violated the Consumer Fraud Act and Uniform Deceptive Trade Practices Act.

This comes after California's lawsuit against the company was settled for a $1 million fine on Thursday.

Also, the company faces a federal class-action lawsuit from former customers.

The class-action suit, filed last year on behalf of more than 1,000 people who participated in the YTB system, seeks more than $100 million in damages.

For more information contact:

Daryl D. Alex
Regional Executive
Traverus Travel and Televerus Cell Phones
1-800-781-3254
1-877-744-3431
225-590-7700

Friday, September 19, 2008

YTB Travel International, Inc. stock downgraded by the street.com

YTB Travel News(press release):
Each business day, TheStreet.com Ratings updates its ratings on the stocks it covers. The proprietary ratings model projects a
stock's total return potential over a 12-month period, including both price appreciation and dividends. Buy, hold or sell ratings
designate how the Ratings group expects these stocks to perform against a general benchmark of the equities market and
interest rates.
While the ratings model is quantitative, it uses both subjective and objective elements. For instance, subjective elements include
expected equities market returns, future interest rates, implied industry outlook and company earnings forecasts. Objective
elements include volatility of past operating revenue, financial strength and company cash flows.
However, the rating does not incorporate all of the factors that can alter a stock's performance. For example, it doesn't always
factor in recent corporate or industry events that could affect the stock price, nor does it include recent technology developments
and competitive dynamics that may affect the company.
For those reasons, we believe a rating alone cannot tell the whole story, and that it should be part of an investor's overall
research.



Ticker Company Name Change New Rating Former Rating
BAM BROOKFIELD ASSET MANAGEMENT Downgrade Hold Buy
CHEV CHEVIOT FINANCIAL CORP Upgrade Hold Sell
COBT C2 GLOBAL TECHNOLOGIES INC Upgrade Hold Sell
DEWY DEWEY ELECTRONICS CORP Upgrade Hold Sell
FSS FEDERAL SIGNAL CORP Upgrade Buy Hold
GCI GANNETT CO Downgrade Sell Hold
HLX HELIX ENERGY SOLUTIONS GROUP Downgrade Hold Buy
HTH HILLTOP HOLDINGS INC Downgrade Sell Hold
MNRO MONRO MUFFLER BRAKE INC Upgrade Buy Hold
NPSP NPS PHARMACEUTICALS INC Upgrade Hold Sell
NWSB NORTHWEST BANCORP INC Upgrade Buy Hold
ORBC ORBCOMM INC Downgrade Sell Hold
PDGI PHARMANET DEVELOPMNT GRP INC Upgrade Hold Sell
ROCK GIBRALTAR INDUSTRIES INC Upgrade Buy Hold
SPRD SPREADTRUM COMMUNICATNS -ADR Initiated Sell
TIN TEMPLE-INLAND INC Upgrade Hold Sell
TTGT TECHTARGET INC Initiated Sell
UDRL UNION DRILLING INC Downgrade Hold Buy
UFI UNIFI INC Upgrade Hold Sell
VAL VALSPAR CORP Upgrade Buy Hold
WPL STEWART (W P) & CO LTD Downgrade Sell Hold
WSFS WSFS FINANCIAL CORP Upgrade Buy Hold
WYNN WYNN RESORTS LTD Upgrade Buy Hold
YTBLA YTB INTERNATIONAL INC Downgrade Sell Hold

For More Information Contact:

Daryl D. Alex
Regional Executive
Traverus Travel and TeleVerus Cell Phones
1.877.744.3431
225.590.7700

Tuesday, August 26, 2008

More YTB Travel Problems this time in Houston

YTB Travel News(Press Release): More YTB Travel Problems have been reported this time In Houston where a group
of School bus drivers and their families had dreams of taking a vacation
only to find out that they had been involved in one of many of YTB
Travel scam
:






Come on YTB Travel don't you think that a enough is enough?



For More Information Contact:

Daryl D. Alex
Regional Executive
Traverus Travel
1.877.774.3431
225.590.7700