Universal Travel Group Investor Lawsuit Deadline on June 14, 2011

FOR IMMEDIATE RELEASE
San Diego, California, United States of America (Free-Press-Release.com) June 12, 2011 -- The Shareholders Foundation announces that a deadline is coming up on June 14, 2011 in the lawsuit for investors in Universal Travel Group (NYSE:UTA) over alleged Securities Laws violations.

Investors with a large financial loss in NYSE UTA shares should act and become actively involved before the deadline on June 14, 2011.

1

Universal Travel Group Investor Lawsuit Deadline on June 14, 2011

Welcome visit Our WebSite:

http://www.ShareholdersFoundation.com

If you purchased shares of Universal Travel Group (Public, NYSE:UTA) between January 19, 2010 to April 12, 2011 and if you suffered a substantial financial loss, you have certain options and there are strict and short deadlines. Deadline: June 14, 2011. Those UTA stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court of New Jersey the plaintiff alleges that Universal Travel Group and its officers and directors violated federal securities laws by issuing between January 19, 2010 to April 12, 2011 false and misleading information to investors about the financial and business condition of Universal Travel Group.

On March 8, 2011 a firm called Glaucus Research Group issued a report (setting forth numerous red flags of fraud, ranging from alleged misstatements concerning Universal Travel Group’s online travel business, cash balances, and the Company’s purported relationship with a large on-line travel company. The Glaucus Research Group Report also revealed that the financial statements of the companies Universal Travel Group acquired in 2010 that were filed with authorities in China showed only a fraction of the revenue, asset value and income, contrary to the statements Universal Travel Group made to investors about the acquired companies.

On March 29, 2011 Universal Travel Group announced that it would postpone its earnings announcement for the fiscal year ended December 31, 2010.

Shares of Universal Travel Group (Public, NYSE:UTA) fell to under $4 per share on April 11, 2011. Then on April 12, 2011 trading in Universal Travel Group’s stock was halted.

On April 14, 2011, Universal Travel Group filed an 8-K with the SEC announcing that its auditor Windes & McClaughry Accountancy Corporation had resigned. According to the 8-K, the auditors believed that Universal Travel Group and/or its Audit Committee was “being non-responsive, unwilling or reluctant to proceed in good faith and imposing scope limitations on [the auditors’] audit procedures.” The auditors also noted that they “had lost confidence in the Board of Directors’ and the Audit Committee commitment to sound corporate governance and reliable financial reporting.”

Those who purchased shares of Universal Travel Group (Public, NYSE:UTA) between January 19, 2010 to April 12, 2011 and suffered a substantial financial loss, have certain options and there are strict and short deadlines. Deadline: June 14, 2011. Those UTA stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

More information can be found online at http://www.ShareholdersFoundation.com

class action     lawsuit     NYSE     NYSE UTA     securities lawsuit     universal travel     Universal Travel Group     UTA