Law Offices of Howard G. Smith, Representing Investors of Universal Travel Group, Inc., Announces Class Action Lawsuit

Law Offices of Howard G. Smith, representing investors of Universal Travel Group, Inc. (“Universal Travel Group” or the “Company”) (NYSE:UTA), has filed a class action lawsuit in the United States District Court for the Central District of California on behalf of a class (the “Class”) consisting of all persons or entities who purchased the securities of Universal Travel Group, between January 19, 2010 and April 12, 2011, inclusive (the “Class Period”).

Universal Travel Group is a China-based travel services provider, focusing on the domestic tourism market and offering packaged tours, air ticketing, and hotel reservation services. Throughout 2010, the Company made several acquisitions, including travel agencies and travel services companies. The Complaint alleges that throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the pre-acquisition net income and revenue of certain companies Universal Travel Group acquired was less than the Company represented; (2) there was a lack of evidence supporting certain tour package contracts and related cash payments: (3) the Company's financial statements were misstated; (4) the Company lacked adequate internal and financial controls; and (5), as a result, the Company’s statements were materially false and misleading at all relevant times.

On March 8, 2011, a research report was published on the Internet alleging that the net income and revenue of certain companies Universal Travel Group had acquired in 2010 were far less than the Company had represented in its public flings.

On March 29, 2011, the Company unexpectedly postponed a conference call to discuss its financial results for the 2010 fiscal year. Subsequently, on or around April 11, 2011, trading of the Company’s shares was halted.

No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased Universal Travel Group securities between January 19, 2010 and April 12, 2011, you have until June 15, 2011, to move for lead plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215)638-4847, Toll-Free at (888)638-4847, by email to howardsmith@howardsmithlaw.com or visit our website at http://www.howardsmithlaw.com.

Universal Travel Grp. (NYSE:UTA)
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