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YTB Travel "was founded in 2001 in greater St.
Louis by J. Lloyd Tomer. His vision is to build the largest
online travel company in the world while changing the lives of
tens of thousands of people in the process The company
mission is to be the largest on line travel company By 2011. The
number 1 selling product is travel. Since the inception the
company has merged with Rezconnect.com and is now a publicly
traded company.
" -- YTB International website
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"Rep commissions are paid
exclusively on the enrollment of new Referring Travel Agents (RTAs)
and on their monthly license fees." -- Your Travel Biz
website Trading Symbol: OTCBB:
YTBLA.OB Compensation Plan: interesting
concept based on building a team of 6 RTAs, then a 'Power Team',
then a 'Dream Team'
Download the
comp plan
YTB Company
Site
YTB News
Illinois wants to shut down YTB
St. Louis Post-Dispatch - St. Louis, MO, USA
05/16/2009
If the just-settled lawsuit in California was meant to make YTB
International change its ways, the suit filed Thursday
by the state of IL just might force it out of business.
... IL AG, Lisa Madigan, is asking a court to shut down
the Wood River-based online travel company, charging
that it broke state fraud laws by peddling travel sales
websites that generated little income ... YTB
""primarily emphasizes and pays commission on the
recruitment of others into the marketing plan, rather
than the sale of product to the ultimate user."
California settles with Internet travel business it
accused of ...
Los Angeles Times - CA, USA 5/15/2009
YTB International agrees to pay $1 million in penalties,
attorney costs and restitution to consumers. The
settlement ... would prohibit the company from charging
customers $450 each to buy a personalized website and
about $50 a month to operate it ... Chief Executive
Scott Tomer predicted that the settlement could help YTB
to "emerge a better company" by updating its franchise
model while maintaining an effective sales incentive
program.
Two leave YTB board
Alton Telegraph - Alton, IL, USA May 5, 2009
By SANFORD J. SCHMIDT WOOD RIVER - The troubled YTB
Internet travel company based here has seen some
turnover at the top with the departure of two of two of
its board members, and its profits have plunged ... YTB
also announced it has reached a tentative settlement of
a civil lawsuit filed against it by the state of
California. The California suit was one of the factors
that touched off a string of bad publicity and legal
troubles for the company.
YTB Reports Loss: Future In Doubt
Travel Agent Central, George Dooley - New York, NY, USA
March 17, 2009
YTB’s independent accounting firm has
issued an opinion that questions YTB's “loss from
operations and working capital deficiency raise
substantial doubt about our ability to continue as a
going concern.” YTB said it had incurred a loss
of$4.1 million from operations in 2008 ...
Trial for California's lawsuit against YTB set for
September
SmartBrief - Washington, DC ,USA 01/08/2009
California has accused YTB, a multilevel
marketing/online travel firm, of using deceptive
business practices and running an illegal pyramid
scheme. ...
YTB Travel raises money by selling jet, land
Bizjournals.com - Charlotte, NC, USA December 1,
2008
YTB also said it plans to sell ten acres of land near
its headquarters in Madison County, Ill., to WR Landing
LLC for $1,000,000 according to the filing. ...
Your Travel Biz posts meager 3rd quarter earnings
St. Clair Record - Edwardsville ,IL, USA
11/18/2008
By Chris Rizo ... YTB International Inc. ... that is the
target of investigation by 2 state attorneys general,
posted meager earnings ... The company - which operates
through three subsidiaries: YourTravelBiz.com, Inc., YTB
Travel Network, Inc., and REZconnect Technologies, Inc.
-- said in filings Friday that it plans to raise cash by
selling an office building in Edwardsville, as well as
its Learjet ... Net loss for the 9 months ended Sept. 30
was $3.4 M or $0.03 per diluted share, compared to a net
income of $1.6 M, or $0.01 per diluted share, for the
same period a year ago.
YTB’s “Coach” and Elvis’ plane 9.02.2008
St. Louis Post-Dispatch
If it's [YTB] a pyramid scheme, it is not the first one
J. Lloyd Tomer has been involved with ... the fifty
state tour that Philpott and Tomer planned for the Lisa
Marie never got off the ground. By June of 1978 the
Texas attorney general had quashed the marketing plan as
being in violation of the state’s deceptive trade
practices law. Philpott was discovered to have had
problems with the Internal Revenue Service and the
Securities Exchange Commission. By July the Lisa Marie
had been repossessed (it’s now parked near Graceland in
Memphis). And a lot of people were stuck with ,,, cases
of a useless oil additive.
YTB clarifies cuts: Seventeen positions
Alton Telegraph - Alton, IL, USA August 29, 2008
WOOD RIVER - YTB International says it has cut seventeen
positions at its local headquarters, clarifying reports
earlier this week that put the figure ...
NEW: YTB, Execs Sued in federal court in Illinois
Alton Telegraph - Alton, IL, USA August 11, 2008
St. LOUIS - The Wood River-based YTB ... and several of
its executives are being sued in federal court by past
travel agents who claim company ... $100,000,000 class
action lawsuit
Illinois launches probe into YTB International travel
company
ST. LOUIS POST-DISPATCH 08/08/2008
...pressure built Thursday on a Wood River-based travel
company ... The Illinois Attorney General's Office said
it has launched a probe into YTB International ... YTB
has denied any wrongdoing.
BBB received Ninety complaints about YTB
Bizjournals.com - Charlotte, NC, USA
Consumers said ... YTB International, misled them with
offers of inflated earnings, refused refunds when
consumers ...
Brown Sues To Topple Online Pyramid Scheme
News Release August 05, 2008 Gareth Lacy
(916) 324-5500
Los Angeles, CA 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 ... In 2007,
only thirty-eight percent of the company’s members made
any travel commissions ...
See Len Clements
comments to better understand the issues
YTB International posts 77% increase in 1st Quarter
sales, Loss widens
Bizjournals.com - Charlotte, NC, USA May 16, 2008
Increased promotion and international expansion helped
YTB post 77% increase in 1st quarter 2008 sales, ...
loss primarily attributable to stock awards, and
promotional and expansion expenses totaling approx. $3.1
million ...
YTB International stock to trade on Over-the-Counter
Bulletin Board
St. Louis Business Journal - St. Louis,MO,USA
Thursday, April 17, 2008
... YTB International Inc. said Thursday, its Class A
common stock was approved for quotation on the
Over-the-Counter Bulletin Board and will move to the
OTCBB within the next thirty days.
YTB International Reports Total Revenue of $141 Million
and $3.2 ...
Earthtimes - London, UK Tue, 01 Apr 2008
"2007 - banner year for YTB. ... we more than doubled
the size of our network of RTAs to approximately 131,000
strong in addition to ...
YTB buys Canadian travel agency Sunrise Travel Service
St. Louis Business Journal Wednesday, March 5,
2008 - 4:35 PM CST Sunrise Travel Service's travel
agents will remain with the agency as YTB employees, YTB
said in a release. By acquiring Ontario, Canada-based
Sunrise ...
'I'm not running a pyramid scheme' 1/25/2008
11:10:00 AM Bermuda Sun; A Bermuda Sun investigation
suggests that most people investing in YTB in the U.S.
make their money by recruiting new subscribers, rather
than from selling travel.
Card
Mills Take 'agents' for Ride
December 8, 2007
Chicago Tribune - United States ... In a video on its
Website, YTB urges prospective customers to get
involved in the "$7 trillion" travel industry
... the total U.S. GDP in 2006 was about $13
trillion. "It's a number that's been published," said J.
Kim Sorensen, president and CEO of YTB Travel Network
...
RI
Agency Investigates YTB Business Model TravelTrade.com
Fri Nov 16 2007 ...The Rhode Island state Department
of Business Regulation (DBR) confirmed ...reviewing
and evaluating the YTB business model ...
Beware: Online Travel Agencies Not Always Reliable 6:01 pm EST
November 15, 2007 WBAL - Baltimore,MD,USA
The I-Team learned that Stylistic Traveling is associated with
another Internet company known as Your Travel Biz, or YTB, based
in Illinois ... "reservations had been canceled ... was no
airfare, no airline -- nor did we have a hotel" ... YTB said [to
it's credit] it is not at fault but will refund the group's money
...
Video
report
YTB International Recognized by Travel Weekly as Leading
Travel Agency in 2007 Power List PRNewsWire
News Releases WOOD RIVER,
Ill July 11, 2007 YTB International, Inc. (YTBL)
... announced that the Company has been named as one of
the country's leading travel agencies in Travel Weekly's
2007 Power List.
Better
Business Bureau Advertising Review: Your Travel Biz February 2005, Los Angeles BBB ... Better Business Bureau challenges claims that appear
to be misleading and publishes the results of its review ... Your Travel Biz, also known as yourtravelbiznet.com and YTB Net.com, as well as various other names of individuals
who are representatives of the company ... We believe this company may be engaged in a pyramid marketing plan because of their apparent emphasis on recruiting rather than selling travel. Those who buy into the company's team become legally responsible for the claims they make about their company, its product, and the business opportunities it offers.
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