There are very few YTB Travel agents making any money. MLM schemes have been around since the cave man and will be around until our world is gone. There have been a few successful and profitable MLM companies around such as Mary Kay, Amway and many others However, YTB Travel is not or never will be one of them.
Here are a few facts you may want to know if you are contemplating becoming a YTB Travel cult follower.
(A). YTB Travel has never made a profit since begining its' operations and has accumulated 14 million dollars in losses to date.
(B). YTB Travel has not filed its' financials for all of 2006 and to date.
(C). YTB Travel has been removed from the listing of O-T-C Bulletin and now is listed on the so called "Pink Sheet" because it failed to file financial reports with the Securities and Exchange Commission.
(D). YTB Travel stock has been on the rise lately due to its overzealous affiliates running up the stock price. YTB Travel refers to these affiliates as "Gung Ho's." Nevertheless, one of the corporate officers has been selling his stock.
(E). YTB Travel revenues came primarily from selling business opportunities rather than from selling its core product; which is suppose to be travel right?.
(F) YTB Travel's $6000.00 guarantees a minimum commission for recruiting even more participants.
(G) One of YTB Travel's operators include a minister who has a primary accomplishment of building a large church congregation.(T.D. Jakes?)
(H) YTB Travel's compensation program is tied to the promise to issue large blocks of stock at a set price much below today's market price.
In closing, multi-level marketing is not illegal. Most collapse because of potential abuses in the business structure that creates the condition of a Ponzi scheme. 1. Many MLM companies collapse within 5 years. What are YTB Travel's real numbers? 2. Can YTB Travel's current business model ever be profitable? 3. Would regulators be concerned if YTB Travel participants are being encouraged to form an affinity group to buy the stock? and 4. What are the legal and financial effects of promises of large blocks of below market stock into an MLM organization at $1.00 per share?
Consumers or potential travel agents looking at YTB Travel and other MLM companies and card mills such as Pro-Travel, World Ventures , Travelwize, Coastal Vacation Club , Travelogia, VIP Travel Team and GTI should be careful and don't fall for the hype, gimmicks and high pressure tactics. If you are serious about travel seek out a reputable company like Traverus Travel and not one of these bums.
For More Information Contact:
Daryl D. Alex
Regional Executive
Traverus Travel
1.877.744.3431
225.590.7700
Traverus Travel Update
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