UTVG has treated us nicely in the past and has since become very depressed in price as of late. They reported very strong FY 07′ #’s today which should result in some positive sentiment moving forward from this point on giving us a chance to make some money combined with its bullish reversal chart. Going long UTVG Wednesday.

Universal Travel Group Announces 2007 Annual Financial Results
Tuesday April 1, 2:13 am ET
Revenues and Net Income Substantially Higher than in 2006
SHENZHEN, China–(BUSINESS WIRE)–Universal Travel Group Inc. (OTCBB: UTVG - News) (“Universal Travel Group” or the “Company”), a fast growing travel services provider in China specializing in online and customer representative services to the travel service industry offering packaged tours, air ticketing, hotel reservation and air cargo transportation, today announced its financial results for the fiscal year ended December 31, 2007.
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Year 2007 Highlights
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Revenues were $44.3 million, up 342%
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Gross profit was $14.7 million, up 173%
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Gross profit margin was 33%, compared to 54%
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Net income was $8.7 million, up 239.9%
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Net cash from operating activities reached $7.1 million
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“I am very pleased with our performance in 2007. I believe our success in growing both revenues and profits substantially was driven by our ability to pursue and execute strategic acquisitions resulting in synergies among different business units. Our successful acquisitions of SSD, XGN, SLB, and FOI helped strengthen our position in air freight forwarding and domestic and international tourism. We will further improve our electronic online travel platform (www.cnutg.com) and provide better customer experience and more convenient online travel services, continue to expand our brand recognition and capture potential growth opportunities. This, I believe, will demonstrate our ability to generate sustainable growth and strong and consistent operational results. I also believe our strong commitment to delivering solid results and maximizing shareholder value will further substantiate our position as a fast growing travel services provider in China,” commented Miss Jiangping Jiang, Chairwoman and Chief Executive Officer of Universal Travel Group.