Just Picture It Now

Thursday, May 29, 2008

Some "Light" Reading...

After a busy week last week, I was doing some reading in some of the Trade Journals. I came across several articles in Travel Weekly concerning Agent Issues that I found interesting.

The first that caught my eye was an article about the ARC Accreditation Mark and the VTC (Verified Travel Consultant) Mark, which accredited travel agents, can use to promote their ARC credentials to consumers and suppliers.

I found the Accreditation interesting several fronts. First, you may recall, that IATA terminated YTB’s Accreditation back in November of 2007 for violating its standards. Why YTB was singled out for doing exactly what any other Host Agency has done, is yet to be answered by IATA's U.S. agency commissioner, James Johnstone. Any Outside Agent dealing with a Host Agency has the IATA’s numeric code either on file or on their ID Cards.

After reading this article I wondered if YTB’s ARC number was back up after winning its bid to keep the number that ARC assigned. (Not assigned by IATA) I checked to see if YTB’s numeric could be accessed from the Check Code page. (If you know the number, you can input it here. I’m not at liberty to post it for you.)

Second, it’s been said that IATA is the “be all and end all” when it comes to verifying and accrediting Agencies, however, I have to question why IATA’s new policy of eliminating paper tickets, which goes into effect in just a few days, (June 1st) doesn’t effect US Agencies? Could it be that U.S. Agents settle through ARC, which continues to process paper?

While ARC continues to thrive and grow, IATA continues to make waves in what has been deemed as “unfair competitive advantage” of agents by refusing to deal with them when e-tickets are not an option in for Canadian Agencies. (Sound familiar?)

On another front, I know many of you have enjoyed the Training Seminars and Webinars available by our vendors and suppliers that I post in my free Weekly Newsletter. Many of you have gained valuable information from CCRATravel in recent months, and I’m sure you will be pleased to see that Net, Preferred, GDS, and Promotional Rates will be increasing to include not only more than 70,0000 Hotels, but Car Rentals with Avis and Budget.

I’m sure an overview should be available soon on how to capitalize on this expanded service available in your Travel Portal.

One last note before I head out today. June is Carnival Month for YTB and next Thurday’s training call will feature both President and Co-Founder of YTB Travel Network J. Kim Sorensen and Mike Julius, Regional Vice President of Carnival Cruise Line on Thursday June 5, 2008.

With the Directors meeting today in Dallas set to release all kinds of new announcements, the stock on the rise again, and less than a month away from finding out just were YTB places in the new Travel Weekly Power List, (June 23rd.) it looks as if it’s going to be a HOT Summer for YTB!

If you’d like to keep up to date with all the latest news, acquisitions, and developments with YTB feel free to sign up for my FREE Newsletter. Just like here, it’s loaded with links and documentation for you to share with clients and prospects alike.

Doug & Ronda Bauknight
AKA: TravelPro
Travel Agent / Networker
Phone: 678.458.5812

Learn How To Become A Travel Agent

Book Your Travel & Vacations With

Travel Reservations: 1.800.243.4450
RTA #24635

Labels: ARC Sales, CCRATravel.com, IATA, Travel Agent Issues

Posted by TravelPro at 5:23 AM | Permalink | Comments

Friday, April 18, 2008

A Mixed Bag

Kind of mixed bag today on news and updates concerning the company everyone loves to talk about – YTB. I spent some of the afternoon yesterday reading between phone calls and e-mail’s on most of the favorite watering holes getting a pulse and latest spin on all the news.

If you’ve been stuck in some sort of hole and don’t know what the heck I’m talking about, you’ve come to the right place. Not to worry, and not to disappoint, I’ll fill you in.

For the folks in YTB, you might want to keep this post handy because it’s going to be loaded with some pretty powerful ammunition for some of the junk we’ve had to endure over the last few years concerning our stock, and will also debunk some of the spin out there concerning “it doesn’t add up” and “insider trading” that’s currently floating around by our Critics.

An official announcement has been released that YTBLA will move off the Pink Sheets and over to the OTC. Now for our “Critics” this is no big deal, and to be fair, it IS only the first phase of our intent to upgrade to a National Exchange like AMEX or NYSE. OTC isn’t all that big of a deal, and there is still some work to do to move over to one of the “big boys”, but this first step is crucial and also provides several key elements that I need you in YTB to know and also warn our Critics who are calling foul in several areas concerning our Annual Report and questions they have concerning our business practices and / or math.

If you didn’t know, or simply don’t recall, our Annual Report states the following:

“Because we have become current with our periodic reports under the Exchange Act, we intend to have our Class A Common Stock quoted on the OTC-BB once again and to thereafter apply for its listing on a national securities exchange, although no assurances can be given in this regard. Towards such end, on March 3, 2008, the requisite paperwork for the quotation of our Class A Common Stock on the OTC-BB was submitted to a FINRA member firm for filing with FINRA.”

For those that don’t know who FINRA is, they are the Financial Industry Regulatory Authority and a firm who tests and authorizes Members. The FINRA looked at several key factors concerning our company’s business practices. The portfolio of regulatory services that FINRA offers includes member application processing, registration processing and disclosure review, financial and operational surveillance, examinations and audits, market surveillance, investigations, disciplinary actions, dispute resolution and regulatory consultation.

FINRA's regulatory clients include NASDAQ, American Stock Exchange (Amex), International Securities Exchange (ISE), NQLX and the Public Company Accounting Oversight Board (PCAOB).

By maintaining constant market surveillance - on both a real-time and post-trade basis, the FINRA helps ensure the fair and orderly conduct of securities transactions. FINRA oversees and regulates all trading on NASDAQ, the American Stock Exchange, the International Securities Exchange, the Chicago Climate Exchange and in the OTC markets, as well as trades in New York Stock Exchange- and Amex-listed securities reported to NASDAQ.

What this means to you the RTA and / or stockholder is this:

One - While our Critics want to discredit our Annual Report with this bunk that it doesn’t add up, you can now politely suggest that they may want to consider a remedial math class and then some sort of Financial or Securities Course to help them with any errors or questions they have.

Two – While many are speculating that “insiders” are moving this stock price up – down – or pulling the preverbal “Pump and Dump”, the only pumping going on is by them, with mud they have loaded in the slings and arrows they are shooting all over the internet.

Any arguments directed at either “not adding up” or “insiders pumping and dumping” are now Null and Void.

Keep page 9 of the Annual Report, and the link to FINRA handy for anyone who wants to question the credibility of any of the financial statements. Everyone can be assured that all of our Financial Statements at this point are accurate, and our company is squeaky clean.

The second part of the news and spin floating around concerns YTB’s association with IATA. In an article posted in Travel Weekly on Wednesday, YTB will be able to continue to use the numeric code given to us by ARC, but it looks as if we will continue to do business without any type relationship with IATA.

I realize the Travel Agent community believes that an Association with IATA is crucial and like our listing the last few years on Pink Sheets, we will now endure the brunt of jokes about our lack of any association with what in their minds adds credibility. I’ve also heard spin that they believe this will hamper our International Expansion.

I could be completely off the mark here folks, and International regulations are not my area of expertise, but I do have a couple of questions.

Can IATA terminate based on guilt by association? YTB does own Sunrise Travel Services in Canada, and the Commissioner in Canada recently reinstated an Agency in Canada in which the US Association did not like, but couldn’t do anything about. Like the ARC numeric code issue, the US Commission “may” not have any input in any type of International IATA Accreditation, especially when the Agency was never even threatened with any type of termination or violations to begin with.

You can just imagine what the “critics” will say about that. (And I’m sure they will.) Based on all the “doom and gloom” about the swarm of supplies pulling the plug, the stock going bust, and how important IATA was here in the US and how they were convinced all these issues would crush us, I’d take just about anything you see or read from a “Critic” with a grain of salt. Chances of them being on mark about anything these days concerning YTB are sketchy at best.

The good news is this.

One – It seems critics have resigned themselves to the fact that IATA here in US concerning YTB really didn’t amount to much as they are now focused on hopes concerning our International Expansion. (We ARE still here, still booking travel, and still getting paid on that travel.)

Two – The numeric code was issued by ARC not IATA and IATA has conceded that the number is ours.

There’s still plenty of work to do and we’re certainly not out of the woods just yet. A lot can change in the weeks and months ahead, and from what I understand, YTB isn’t through by any means in becoming the Largest Travel Agency in the World.

Sign up for our FREE Newsletter for news and updates concerning YTB!

Doug & Ronda Bauknight
AKA: TravelPro
Travel Agent / Networker
Phone: 678.458.5812

Learn How To Become A Travel Agent

Book Your Travel & Vacations With

Travel Reservations: 1.800.243.4450
RTA #24635

Labels: ARC Sales, FINRA, IATA, Stock Split, YTB International, YTBLA

Posted by TravelPro at 5:08 AM | Permalink | Comments

Tuesday, April 01, 2008

What Do Critics REALLY Know?

Well, I've finally pulled it off. I've just written and released my first book entitled "What the Critics Know about YTB". This is a “tell all” book on how to handle the Critics, Skeptics, Cynics, and Naysayers out there who have nothing better to do with their time than throw a bunch of mud up on the wall to see what sticks.

I came up with the concept and “how to guide” very early on Sunday morning while reading, and when the inspiration struck, I knew I had to share this with everyone I could in YTB. You’ll find it in today’s monthly newsletter, along with some other news from the last month, travel training information, and other key events coming up. If you’re in YTB, and want to be kept up to date, please feel free to subscribe, I’d love to have you on the list.

I asked Tim & Georgia Dominey, two close friends and mentors who also happen to be Level 2 Directors with the company to write the "Foreword" for my new book and I'm making a copy available to you for today for FREE! I encourage you to take the time to read this book concerning what to do and what to say to those who are slinging mud. Many have found my message direct, to the point, and dead on concerning many of the issues and negativity being thrown YTB's way with this step by step guide on how to handle the critics.

The timing couldn't be more perfect today, as YTB filed its 2007 Annual Report with the SEC yesterday with a hefty $3.2 Million PROFIT for the year. Revenues increased a total of 177% over 2006 numbers. Other notable increases were Marketing Commission of $80.5 Million up 169% and Travel Commission paid to our RTA's reached $13.4 Million, an increase of 174%.

It should be noted that while only commissions are paid to our RTAs’ booking of travel services are reflected as a component of our revenues in our financial statements, YTB also keep track of the aggregate “retail value of all travel services” that are booked by our RTAs (which directly impacts our commission revenues). The value of such travel services increased 83.7% in 2007 to over $414,000,000, from approximately $225,000,000 in 2006. (Placing bets currently on how long this $414 Million will be spun into “fees”. Hummmmmmm)

This also marks three straight profitable quarterly reports and 2007 marks the first full year of profitability! Whoo Hooo!

In anticipation of our positive Annual Report our stock is also up considerably yesterday afternoon with 1.19 Million shares being traded after critics, cynics and naysayers had left us for dead.

I put this quote just below my dedication in my new book which I just love.

"Reports of my death have been greatly exaggerated”
~ Samuel Langhorn Clemens, a.k.a. Mark Twain, May, 1897 in a note to the New York Journal.

Speaking of the stock we are now current with our periodic reports under the Exchange Act; so we intend to have our common stock quoted on the OTC-BB once again and to thereafter apply for listing on a national securities exchange. AMEX would require a price of no less than $5 per share from my understanding.

And if all this STILL wasn’t enough for ya’ll, it appears that Mr. Kim Sorenson is firing back a couple shots at IATA through YTB’s legal department.

In a Travel Weekly report YTB has asked the commissioner for the U.S., James Johnstone, for clear permission to continue using its numeric code number, which was assigned by ARC, with the understanding that YTB agrees not to represent itself as an IATA agency. Kim Sorensen was also quoted that making the code available to contractors was "the same as what any host agency has done." By implication, he raised the question: Why was YTB terminated when others were not?

In documents filed with the commissioner, YTB offered its answer. It accused IATA of enforcing its standards belatedly "as a pretense to quash competitive activity." Please note the article next to YTB fight against IATA as the travel agency commissioner in Canada declined to uphold BNW's termination there, while IATA said it "respectfully disagrees" with parts of the commissioner's decision. However, IATA said the decision "makes crystal-clear that no person or entity has the right to display the IATA numeric code or IATA's trademarks and service marks on in-house ID-cards or other credentials."

Sound familiar?

You Bet!

Do you think you might be able to either sell some Travel or maybe put someone in the business based on all this good news?

Me too! Let’s “Get ‘er done!”

Doug & Ronda Bauknight
AKA: TravelPro
Travel Agent / Networker
Phone: 678.458.5812

Learn How To Become A Travel Agent

Book Your Travel & Vacations With

Travel Reservations: 1.800.243.4450
RTA #24635