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YTB News

Npros MLM / Network Marketing News Archive

April 2019

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...

Source: Npros.com


Investor to Resurrect YTB International
Posted 10/14/2013


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...

Source: Npros


YTB International Files Chapter 11
Posted 3/5/2013



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...

Source: Npros.com


YTB Calls off LTS Merger
Posted 9/7/2012



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.<...

Source: Press Release


YTB International Appoints Andrew Cauthen President and CEO
Posted 6/5/2012



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 o...

Source: Press Release


YTB International CEO Resigns Amid Restructuring Program
Posted 5/16/2012



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...

Source: Press Release


YTB International Announces Merger Agreement
Posted 3/12/2012



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...

Source: Press Release


YTB Completes Travel Agreement
Posted 10/27/2011



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...

Source: Press Release


YTB – ZamZuu to Market Energy
Posted 2/3/2011



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...

Source: Npros.com


YTB International Faces Illinois Pyramid Scheme Lawsuit
Posted 1/8/2010



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 YT...

Source: Travel Agent


YTB Faces Court Action
Posted 1/13/2009



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...

Source: Npros.com


YTBTravel Mentioned in ASTA Article
Posted 9/16/2008



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 erecte...

Source: St Louis Today


Insider Deals at YTB Raise Questions, Concerns
Posted 8/31/2008



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...

Source: Office of the Attorney General


Brown Sues to Topple YTB
Posted 8/12/2008



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 endle...

Source: Travel Agent Central


California AG Files for Injunction Against YTB
Posted 8/12/2008



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....

Source: Npros.com


YTB Travel Considers Dropping Network Marketing Model
Posted 7/16/2008



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...

Source: PR Web


YTB Named in Travel Weekly Power List
Posted 7/6/2007



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...

Source: Npros.com


YTB refutes negative images, emphasizing multilevel biz model
Posted 1/8/2007



YTB International Announces Removal from OTC  

YTB International, Inc. Announces Removal From OTC Bulletin Board

EDWARDSVILLE, 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 re...

Source: Your Travel Biz Press Release


YTB International Announces Removal from OTC
Posted 6/1/2006



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