NEW YORK, June 18 /PRNewswire/ -- Emissary Capital Group has initiated investment research coverage on Universal Travel Group (Amex: UTA) with a Buy rating and target price of $16. Near-term projections (2Q09, 3Q09, 4Q09) are based on positive macro/industry and micro trends, but minimally on new brand building and business initiatives such as the rollout of the company's capex-intensive TRIPEASY kiosk concept, which has the makings of serving as a significant top and bottom-line growth accelerator and catalyst for the stock over a 6 to 12-month period.

Recently, the company also received approval for a NYSE/Amex listing, which we anticipate will continue to create a wider secondary market for the shares.

About Universal Travel Group

Universal Travel Group, a growing travel services provider in the PRC, is engaged in providing reservation, booking, and domestic and international travel and tourism services throughout the PRC via the internet and through customer representatives. For more information about the Company, please visit http://us.cnutg.com

About Emissary Capital Group

Emissary Capital Group, LLC is an emerging markets focused merchant banking firm headquartered in midtown Manhattan. The firm focuses primarily on emerging growth companies from China and India, and works with these companies in financing, mergers and acquisitions, capital markets transactions and strategic business services. For more information, please visit www.emissarycapital.com.

    Contact:
    Albert Lee
    Emissary Capital Group, LLC
    212-297-6218

SOURCE Emissary Capital Group

Source: PR Newswire