YTB AND CALIFORNIA REACH AGREEMENT
Ytb International said that they have reached and agreement with the state of California over their lawsuit disputes. California says that YTB is dreaming! According to Travel Agent Central California says that this is NOT true!
YTB Has Made Headlines Again
This is the article published by TravelAgentCentral.com, "YTB International has issued a statement that claims that YTB (YourTravelBiz.com) has reached a tentative settlement agreement with the California Attorney General's office. The claim was also made in an internal communication and a filing (Form 8K) with the Securities and Exchange Commission on April 7. But at press time, YTB's claim appeared questionable with consumer and trade media citing a spokesman for the office of the California Attorney General, who said no final agreement had been reached.
Reports in the St. Louis Post-Dispatch and Legal Newsline cite a statement by Scott Gerber, director of communications for the California attorney general's office. "Attorney General Brown sued YTB last year to block it from operating its illegal pyramid scheme," Gerber said. "There is no final agreement at this point, and the attorney general would not enter into any settlement that did not change how YTB markets and operates its business in California so that consumers are protected." YTB’s SEC’s statement said: “On April 6, 2009, YTB International, Inc. (the “Company”) circulated an internal communication to its employees and certain members of its sales force indicating that the Company reached a tentative settlement agreement with the State of California as of Monday, April 6, 2009 in connection with the civil action filed on August 4, 2008 against the Company and certain executive officers of the Company in the Superior Court of California, County of Los Angeles, by the California Attorney General.”
YTB’s stock (YTBLA) gained after the YTB announcement moving from .026 to .032 cents. Travel Agent is seeking comments from YTB executives and the California AG’s office. "
Could Bad Publicity Be Positive For YTB?
One may begin to think that YTB is eager for these false reports because it keeps them in the publics eye. No matter what the report says, it does keep YTB in the minds of many individuals.
With todays' economical problems and the unemployment rate on a steady incline, individuals are looking for a way OUT of the rat race. Home-based business opportunities are at an all time high and an eager person may look at the headlines without reading the article and decide to jump onboard. The disappointment could be devastating or not. The point is to always get the whole story behind the headlines of ANY opportunity. Afterall, one more setback could destroy all the hopes of a brighter tomorrow. Do your homework and read the whole story before you make a decision.
Sherry Prince http://worldgazers.com 706-213-7227 http://building-for-success.com
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I am Sherry Prince, a proud enterprenuer and online busines owner. I work my network marketing with the power of attracking marketing. I do online training through building-for-success.com teaching attraction marketing techniques, sharing money-saving tips along the way!
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