Free Home Biz Training

Read more here:

http://notravelmlms.blogspot.com/2009/08/idaho-rta-earns-million-dollars.html

Too bad it was not with YTB, but Publisher’s Clearinghouse.

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Travel Weekly…the Holy Grail of the travel industry…the publication mentioned by name numerous times in the YTB 10-Q filing…the source for fair and balance information about YTB…the firm that verified that YTB did not smoke their numbers when they reported them to be #26 on the Power List….has come forth with the following headline:

Travel Weekly points out several of the points we made this morning including

Net revenue in the first quarter came to $21.8 million, and 85.4% of revenue came from selling websites to prospective travel sellers and from the monthly fees that these agents pay. Travel commissions and services accounted for only 11.6% of revenue. Another 2.2% came from sales of training and marketing materials to those who purchased websites.

In the first quarter, YTB lost 20% of its travel sellers, which YTB formerly called referring travel agents (RTAs) but now calls travel site owners (TSOs). It started the year with 92,383 and ended the quarter with 73,801. In the first quarter of 2008, YTB was still gaining in numbers of website owners — from 131,802 to 138,525.

Original post: 

http://notravelmlms.blogspot.com/2009/05/travel-weekly-chimes-in.html

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According to the 10-Q filed yesterday, here is what was disclosed:

• In looking quarter over quarter, recruiting income is down 45% and travel income is down 52%
• They realized a net loss of $1.9 million dollars in three months
• However it was better than last year. In 2008, they managed to lose $3.5 million in three months back then
• They have nearly $1.3 million in receivables. Most travel companies have next to nothing
• The jet was bought for $1.3 million and sold for $872 thousand
• They are down to 73, 801 RTAs/TSOs
• They were at 92,383 just three months ago
• The new Co-CEO is a consultant
• They are trying to raise additional capital by offering a TSO Stock Purchase Plan
• They are planning on selling more assets to raise capital
• They have a lot of court time in the coming weeks
• June 1 is the date to see if the Class Action Suit for $100 million will be dismissed
• No one has signed off on any settlement in California yet
• Their insurer agreed to pay only if California was settled (hmm interesting)
• They used to have a $1.7 million reserve for credit card processing. Their processor raised it to $3 million
• With only $1.8 million in cash and cash equivalents, they plan to fund that $3 million by June 30th
• The people that bought their property stiffed them and didn’t pay, so now they need to foreclose
• There is almost $400 thousand dollars worth of YTB clothing. Any lime green?
• On April 1st they were sued again for violation of an oral contract
• On May 7th, they sued some of the Directors who left the company and will be in court May 14th
• On May 8th, they filed suit for the money the departed Directors borrowed and never paid back
• They are really not too sure that they can win any of these cases
• Contrary to Travelcop’s delusions, Clay Winfield did indeed resign on April 30th
• They anticipate future travel revenue to decline
• Recruiting accounted for 85.4% of thier income
• Travel accounted for 11.6% of thier income
• They sold an average of 618 new IBCs per week
• 2,167 called it quits per week
• For the conceptually challenged, that is 1 quitting RTA every 5 minutes (if anyone can find a widget, that might be a fun one to have on the blog)
• It cost them almost $300,000 to defend against California for the first three months of the year
• They ran out of money (and hope it seems) to build the headquarters. In the old K-Mart, Aisle 19 was saved
• Oh, and Canada–not so much

Discussion?

Excerpt from: 

http://notravelmlms.blogspot.com/2009/05/quarter-in-review.html

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The 10Q was filed this afternoon.

Here is the original: 

http://notravelmlms.blogspot.com/2009/05/ytb-loses-19-million-in-3-months.html

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This was sent last week from Director Karen Bomm. I only wish you could see the full and colorful original formatting, but it was sent via email!

See original here:

http://notravelmlms.blogspot.com/2009/05/ytb-needs-youtube-help.html

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UPDATE: I received an email from Tessa Graham and it appears that the email forwarded to me (below) was indeed edited. I have made the corrections below, and include Tessa’s response here:

Hello John,
I appreciate you veryfying if something was added to my email. Please remove the last sentence “we’ve escaped the cult”. I did not give a permission to ad to my letter. I love this company! I am sad that I left it. It was a business decision from our part. Please remove the cult part. This can ruin people! It is not fare. This message is meant to be a beautiful and graceful exit.
Thank you so much.
Tessie graham

An email recently distributed by Frank & Tessa Graham upon their resignation as Directors with YTB!

Dear YTB’ers,

For the past three and a half years, YTB has been the greatest memory in our lifetime. During this period we have made many great friends and had built meaningful relationships with successful leaders in the company. We will cherish these memories forever.

Frank and I have decided to resign from YTB to pursue other business opportunities.
I would like to extend our gratitude to all of you for giving us the opportunity to serve and mentor you. We would like to also thank you for supporting all of our Super Saturdays and Certification Classes we hosted all over the country. We had a fabulous time teaching!
Frank and I would love nothing more than to keep and preserve our friendship with you for years to come.

If you have any questions or need help concerning your YTB business, please call your upline leader or call YTB at 1-800-243-4450 to assist you.

All the best to all of you, and “Thanks for the memories”.

Frank & Tessie Graham
Frank and Tessa
Former YTB DIRECTORS
We escaped the YTB CULT !!!!

See the rest here:

http://notravelmlms.blogspot.com/2009/05/another-day-another-director.html

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On April 22, 2009, Coach called a play and decided to have a Pleasant Holidays Sale-A-Thon. He put

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