FRESNO, CA--May 15, 2008 -- Pro Travel Network, Inc. (OTC BB:PTVL.OB - News) releases the company's fiscal third quarter results, boasting tremendous percentage gains in both gross profits and revenues. Posted Quarterly Revenues are 240% of what they were just a year ago and Gross Profits are 252% of a year ago. In addition, Pro Travel Network reports positive net income applicable to common stock of $273,295 for the quarter ending March 31, 2008. The company also reports having no long-term debt.
For the nine months period ending March 31, 2008, compared to the same period last year, the company posted $6,800,084 in Revenues, versus only $2,842,605 for the nine month period ending March 31, 2007.
Paul Henderson, CEO and President of Pro Travel Network, stated, "We are extremely excited about the continued growth of Pro Travel. We believe we are in a great position for closing out our fiscal year strong and we are very pleased with the results thus far. We believe these numbers are proof that our business concept is successful and profitable. Meanwhile, more than ever we feel that PTVL is currently undervalued in the market and believe that with such proven success, that should soon change."
For more information please review the company's filings with the Securities & Exchange Commission (http://yahoo.brand.edgar-online.com/... nyid%253d701031%2526amp%253bformtype... )
Pro Travel Network is an emerging growth, direct to consumer service business leveraging powerful home-based business concepts with the travel industry that offers one of the most unique and comprehensive independent travel agent training packages in the travel industry.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although Pro Travel Network, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by Pro Travel Network, Inc. or any other person that the objective and plans of Pro Travel Network will be achieved.
Contact:
Contact:
Ron Huffman
(559) 224-6000
Email: Email Contact
Website: http://www.protravelnetwork.com
