YTB News
Press releases and network marketing news for YTB, archived on Npros.
YTB press releases and updates
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Investor to Resurrect YTB International
October 14, 2013 -- An investor has acquired the assets of YTB International. YTB, which once had more than 130,000 independent agents, filed for Chapter 11 bankruptcy in March after fallout from lawsuits filed by Illinois' and California's Attorneys General, alleging it operated as an illegal pyram... Read more
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YTB International Files Chapter 11
YTB International filed for Chapter 11 bankruptcy protection in federal court on March 2. Andrew Cauthen, YTB's President, said in a press release that 'YTB intends to utilize ... Chapter 11 to regroup, reorganize, and relaunch.'Before the company's downward spiral, YTB reported $45 million in reven... Read more
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YTB Calls off LTS Merger
September 6, 2012 -- YTB International Inc. announced that it has ended merger discussions with LTS Neutraceuticals Inc. In a regulatory filing, YTB said that it "has determined that, after further analysis and consideration, a merger with LTS Neutraceuticals Inc. is not in the best long-term intere... Read more
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YTB International Appoints Andrew Cauthen President and CEO
WOOD RIVER, IL--(Jun 5, 2012) - The Board of Directors of YTB International, Inc. announced today that it has appointed Andrew Cauthen as President and CEO. Mr. Cauthen has also been appointed as a Director to fill a vacancy on the Company's Board. The appointments became effective on May 31, 2012.M... Read more
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YTB International CEO Resigns Amid Restructuring Program
WOOD RIVER, IL, May 15, 2012 -- YTB International, Inc. announced today that it is embarking on an important restructuring program aimed at restoring the Company's profitability and focusing its strategy on its core business of web-based travel-related services. "The Company needs to refocus on orga... Read more
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YTB International Announces Merger Agreement
WOOD RIVER, IL--(Mar 12, 2012) - YTB International, Inc. ("YTB" or the "Company"), a provider of e-commerce business solutions for individual consumers and home-based independent representatives in the United States, Bermuda, the Bahamas, and Canada, announced on Saturday, March 10, 2012, that the C... Read more
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YTB Completes Travel Agreement
WOOD RIVER, IL, Oct 26, 2011 -- YTB International Inc., a provider of e-commerce business solutions for individual consumers and home-based independent representatives in the United States, Bermuda, the Bahamas, and Canada, today is pleased to announce the Company executed an asset purchase agreemen... Read more
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YTB – ZamZuu to Market Energy
YTB International, Inc. a provider of e-commerce business solutions for individual consumers and home-based independent representatives in the United States, Bermuda, the Bahamas, and Canada, today announced the Company has entered into a marketing agreement with Ft. Myers, Florida-based America... Read more
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YTB International Faces Illinois Pyramid Scheme Lawsuit
A year end filing by U.S. District Court for the Southern District of Illinois vs YTB International alleges that YTB has 'perpetrated an illegal pyramid scheme that represents one of largest fraud(s) in the history of the State of Illinois and the history of this nation.' The suit seeks $ 100 milli... Read more
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YTB Faces Court Action
Travel agents concerned with the future of YTB Inc. and its impact on the travel industry will have to wait until September when, reportedly, the lawsuit by California's state Attorney General against YTB will be heard in a Los Angeles court. The State's attorney general filed the suit against YTB i... Read more
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YTBTravel Mentioned in ASTA Article
The American Society of Travel Agents (ASTA) issued a statement reiterating its standing opposition to abuse of multilevel marketing and card mills and distanced itself from remarks by former ASTA president Phil Davidoff that appeared exclusively in Travel Agent. {Davidoff, who provides education an... Read more
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Insider Deals at YTB Raise Questions, Concerns
When YTB International held its annual convention in St. Louis earlier this month, the fast-growing travel company wanted to make a big splash.So it commissioned an Indiana design firm to build a nearly life-size foam replica of the Statue of Liberty, 130 feet tall and 50,000 pounds, to be erected i... Read more
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Brown Sues to Topple YTB
FOR IMMEDIATE RELEASE Contact: Gareth Lacy (916) 324-5500 Brown Sues To Topple Online Pyramid Scheme LOS ANGELES--California Attorney General Edmund G. Brown Jr. today announced a lawsuit against YourTravelBiz.com for operating a "gigantic pyramid scheme" that recruited tens of thousands of member... Read more
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California AG Files for Injunction Against YTB
The California Attorney General filed for a permanent injunction against YTB Travel in August, 2008, naming YOURTRAVELBIZ.COM, aka YTB.COM, YTB Travel Network of Illinois, J. Lloyd Tomer, J. Scott Tomer, J. Kim Sorensen, and Andrew Cauthen. The suit alleges that defendents are operating an endless ... Read more
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YTB Travel Considers Dropping Network Marketing Model
YTB Travel says that they are considering converting to a franchise model. The change is under consideration for as early as 2009, though the company says existing RTAs would be treated favorably under its forthcoming proposal.... Read more
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YTB Named in Travel Weekly Power List
In their annual Power List, Travel Weekly, a prominent and established travel magazine ranked YTB International #35 out of 53 travel companies. The list represents all travel companies with an annual revenue of over 100 million dollars and lists the nation's top travel sellers in terms of total doll... Read more
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YTB refutes negative images, emphasizing multilevel biz model
Travel Weekly ran this article today which offers an excellent overview and history of YTB, as well as info on where they plan to go in the future.You will need to create a login (free) at Travel Weekly to access the article."YTB Travel Network, a little-known, 6-year-old host agency with some awful... Read more
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YTB International Announces Removal from OTC
YTB International, Inc. Announces Removal From OTC Bulletin BoardEDWARDSVILLE, IL -- (MARKET WIRE) -- 06/01/2006 -- YTB International, Inc. (the "Company") (PINKSHEETS: YTBL) announced today that its common stock has been removed from trading on the OTC Bulletin Board as a result of its annual repor... Read more