What Do Critics REALLY Know?
Tuesday, April 1st, 2008Well, 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!”
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Doug & Ronda Bauknight AKA: TravelPro Travel Agent / Networker Phone: 678.458.5812 |
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