Hotels, Restaurants and Leisure
Company Overview of YTB International, Inc.
YTB International, Inc., through its subsidiaries, provides e-commerce business solutions for individual consumers and home-based independent representatives in the Continental United States, Canada, Bermuda, and the Bahamas. It markets and provides Internet-based travel-related services; travel products and services to the leisure and small business travelers; and other general products and services to the consumers. The company also provides customer access to the travel vendor, supports online booking transactions, supplies personal fulfillment services, manages group travel sales, collects retail product and travel commissions from vendors, and pays retail product and travel sales commis...
1901 East Edwardsville Road
Wood River, IL 62095
Key Executives for YTB International, Inc.
Founder, Vice Chairman, Treasurer, Chief Executive officer of Ytb Travel Network, Secretary, Director and Member of Executive Committee
Principal Financial & Accounting Officer and Vice President
Compensation as of Fiscal Year 2015.
YTB International, Inc. Key Developments
Court Grants Preliminary Approval in Class Action Involving YTB International, Inc
Jul 2 15
Montroy Law Offices and Witzel Kanzler Dimmitt & Kanzler announced a settlement has been reached in a class action lawsuit against YTB International, Inc. and certain subsidiaries, individuals, and entities affiliated with YTB on behalf of all independent marketing representatives (IMRs) or referring travel agents (RTAs) who paid fees to YTB on or before January 19, 2009 for an online travel agency (OTA) and maintained the OTA for less than 18 months; have not already received a refund; and didn't receive commissions in excess of the fees paid to YTB. The lawsuit alleged that the sales of OTAs marketed through a network of IMRs and RTAs constituted an illegal pyramid sales scheme and chain referral sales technique. Class Members may receive an OTA for a free access period, valued at least $549.
SEC Revokes Registration Of Registered Securities Of YTB International
May 23 14
An Administrative Law Judge has issued an Initial Decision of Default as to YTB International, Inc.. The Initial Decision found that the company was issuer of securities registered pursuant to Section 12(g) of the Securities Exchange Act of 1934 (Exchange Act), and the company failed to comply with Section 13(a) of the Exchange Act and Exchange Act Rules 13a-1 and/or 13a-13 by not filing required periodic reports with the Securities and Exchange Commission (SEC). The Initial Decision finds these allegations to be true and revokes the registration of each class of the company’s registered securities, pursuant to Section 12(j) of the Securities Exchange Act of 1934.
SEC Orders Hearings On Registration Suspension Or Revocation Against YTB International, Inc. For Failure To Make Required Periodic Filings
May 7 14
Securities and Exchange Commission (SEC or the commission) instituted public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of YTB International, Inc. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company was delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.
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