Pro Travel Network, Inc. is an Internet provider of online travel stores catering to travel agencies and home-based representatives throughout North America. The company’s mission is to establish a network of commissioned sales representatives who exclusively market the online travel agencies of Pro Travel Network. By offering various products – including an independent travel agent program (ITAP)and marketing opportunity – the company has created a set of support tools that include support systems, industry booking codes, training manuals, consumer web sites, accounting tools, and complete access to industry training and seminars.
Agents for the company provide a reliable and knowledgeable source of travel products and services with a set number of travel providers such as airline tickets, hotel rooms, rental cars, and package tours at discounted rates. The company allows their agents to book reservations with more than 25 airlines, at more than 300 hotels, multiple car rental companies, cruise lines, and tour package operators. The company has secured close relationships with various travel providers for cruises, air travel, hotels, and auto rentals.
Founded in 2003 as PTN Investment Group, Inc., they changed their name to Pro Travel Network, Inc. in 2005. Based in Fresno, California, the company has created a way to compete within the leisure and entertainment industry by having revenue sources other than commissions, which include the ITAP and marketing opportunities programs, and providing better service to their agents. Currently, Pro Travel supports more than 15,000 independent travel agents and 6,000 independent representatives in North America.
The company was recently rated a “Strong Speculative Buy” by Dutton Associates with a per share price target at $2.00. Pro Travel’s revenue has continued to increase over a quarterly basis, as total revenue for nine months ended March 31, 2008 increased 139.2% to $6.8 million compared to $2.8 million for the first nine months ended March 31, 2007. Over the last seven quarters, the company’s revenue surpassed $2 million for each consecutive quarter. Their balance sheet is free from any long-term debt and continues to look strong. The company has been focusing much of their efforts on expanding their operations in Canada and this venue is nearing completion.
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