Universal Travel Group Raises Guidance on Successful Completion of Q4 Acquisitions

Universal Travel Group (UTVG.OB) has upped its guidance for FY2007:

- Revenues expected to come in at approx. $44m-$45m (up from previous guidance of $35m-$36m)

- Net Income expected at approx. $8.5m-$8.8m (up from $8.2m-$8.5m)

- Expected EPS is $0.23-$0.24

This represents an increase of 345% and 239% from FY2006 revenues and net income respectively. The adjustment reflects the successful completion of both the Tianjin and Foshan acquisitions in Q4.

My Position: Long.