Tam
of Henderson (TMHN)
TMHN
is comprised of 68 franchise companies, eight of which operate under the Company
name.
To learn more about Tam of
Henderson, please visit www.smallcapreview.com/tmhn.htm
TMHN Investor Highlights
- Reported that for the second
quarter ended June 30, 2006 gross revenues grew 33% to $120,186 from $90,640
in the second quarter ended June 30, 2005.
- Net profits for the second
quarter of 2006 grew 80% to $61,345 from $34,177 in the second quarter of
2005.
- TMHN completed a reverse
merger on July 12, 2006, with Full Power Enterprises Global Limited ("FPEG"),
a holding company of Yu Zhi Lu Aviation Service Company.
- TMNH is comprised
of 68 franchise companies, eight of which operate under the YZL name.
- Since
2001, the Company has experienced continuous revenue growth.
- In
2005, 460,000 air tickets were sold equating to $43 million. For 2006
the company plans to set up 30 new ticketing offices, increase annual sales
up to 920,000 tickets, and sustain a high growth rate.
- TMHN has assembled a highly
experienced management team with experience in domestic and international
travel services.
- Tam of Henderson is in the process of changing
its name to to Universal Travel Group to better reflect its business.
- According to the World Travel
& Tourism Council, over the next decade, China is predicted to be the
second fastest growing country in the world in terms of travel and tourism
total sales, after the United States.
- The travel industry is valued
at $500 billion and with China's ongoing evolution in the global
marketplace, the Company is poised to become a player in the industry.
- Jiangping Jiang,
Director of Yu Zhi Lu Aviation Service Company, said, "Tam of Henderson
has a strategically sound business model that positions the Company to
further capitalize on the further opening of China to the West, in
particular Western companies opening satellite facilities in the region. The
Company appeals to popular international business and leisure travel
markets: Hong Kong (a global business, finance and consumer shopping hub),
Macau (a gambling destination akin to Las Vegas USA), and Taiwan (a global
manufacturing center).
- China's entrance into
the World Trade Organization, combined with an easing of the restrictions on
travel by the Chinese government, and new attractions such as Disneyland of
Hong Kong, are creating a tourism boom likely to continue over the next
several years.
Overview
Tam of Henderson (TMHN)
through its wholly owned subsidiary Yu Zhi Lu Aviation Service Company Ltd.
("YZL"), is engaged in travel services pertaining to domestic and
international lines through Hong Kong, Macau, and Taiwan. The Company's core
services include booking services for air tickets, hotels, restaurants as well
as tour routing for customers. Since
its inception, the Company has expanded to become one of the leading air travel
agencies in Shenzhen, China, one of the world’s fastest growing cities.
TMNH is comprised of
68 franchise companies, eight of which operate under the YZL name, the remaining
being independently owned and operated under distinct branded names. Operating
offices and franchise locations include Beijing,
Shanghai, Che Gongmiao, Chongqing, Chengdu, Dalian, Fuyong, Guangzhou, Hangzhou,
Hong Kong, Jinan, Long Hua, Luohu, Nanjing, Nanshan, Qingdao, Shenyang,
Shenzhen, Taiwan, Xinzhou, and Zhuha.
Additionally, consumers can make their own reservation and booking arrangements
via an e-commerce web site (www.chutg.com)
or a 24-hour toll free reservation and booking center.
With the parent
Company’s centralized resources, each franchise receives a strong operating
platform that supports the franchises with funds, business and marketing best
practices, and brand recognition to assist in their growth and development.
TMHN recently completed a reverse merger on July
12, 2006, with Full Power Enterprises Global Limited ("FPEG"), a
holding company of Yu Zhi Lu Aviation Service Company. Tam of Henderson is also
in the process of changing its name to to Universal Travel Group to better
reflect its business. Additionally, the Company will gain an established online
platform for direct-to-consumer air travel and hotel reservations.
Markets
Strong
Market Potential
China
is undergoing an economic transformation and is well on its way to becoming
world financial power. According to Lehman Brothers, “The size of the Chinese
economy is likely to climb, in world rankings, from its current position as the
sixth largest to the second largest by 2030. Such an economy stands to offer
exciting business and capital market opportunities to foreigners over the next
10 years.” As further evidence of this burgeoning market, in 2004, China
passed a law that opened China’s retail and distribution to foreign investors
by loosening the requirements for entry into the market.” (source:
Business-In-Asia.com) According to the Red
Herring, China received more than $45 million in new investments from
venture capital firms during the first quarter of 2006.
The
country’s economic renewal brings immediate advantages and opportunities to
the travel and tourism industry. According the World Travel and Tourism Council
(WTTC), China is second fastest growing country in the world in terms of travel
& tourism total demand. Encompassing all components of Travel & Tourism
consumption, investment, government spending and exports are expected to grow to
over $353.7 billion, in 2006.
Furthermore,
according to the Chinese traveling department’s forecast, the influence of the
2008 Olympic Games in Beijing, China
has positively increased tourism into China
worldwide. Since the announcement in 2002 of China as
the host of the 2008 games, tourism has increased at an average rate of 6% per
year through 2005. During 2006-2007, tourism is expected to increase at an
average rate of 8% per year. Through the Olympic year, 2008, through 2010, the
rate of tourism is projected to ramp-up to 10% per year. By 2010, the Chinese
travel bureau estimates world travel into Beijing will generate approximately
$16 Billion USD in total revenues.
Operations and Outlook
Strong
Top Line Growth
Since
2001, the Company has experienced continuous revenue growth. In 2005, 460,000
air tickets were sold equating to $43 million. Currently, the air ticketing
service provides stable income streams. In 2006, the net income is expected to
increase substantially when the hotel and restaurant reservation and packaged
tour services go live. Revenue projections for 2006 are anticipated to exceed $5
million.
TMHN recently reported 2nd quarter results ending
June 30, 2006. Gross revenues grew 33% to $120,186 from $90,640 in the
second quarter ended June 30, 2005.
Net profits for the second quarter of 2006 grew
80% to $61,345 from $34,177 in the second quarter of 2005. Second quarter 2006
revenues grew 26% sequentially to $120,168 from $95,648 in the first quarter
ended March 31, 2006. In the second quarter of 2006, net profits grew 7%
sequentially to $61,345 from $57,589 in the first quarter of 2006.
Growth
Strategies
Management
has set aggressive goals that include
establishing 30 new direct and franchise ticketing offices up from 160,
projecting sales of more than 900,000 air tickets equating to more than $66
million in gross revenues from total ticket sales, improving its hotel
reservation and packaged tour services, and generating 100% top line growth
year-to-year in 2006. TMHN anticipates
transitioning their major services to an integrated network, the Shenzhen
Aviation Network (“SAN”). This network of wired and wireless (WAP) nodes
will connect all branches (direct offices and franchises) allowing for a
centralized computer infrastructure that provides dynamic access for end-users
to create their own travel package online. Travelers can access SAN through a
24-hour toll free reservation and booking center, or their personal computer,
cell phone, or other communication devices, to obtain information on-demand to
further access services such as booking air tickets, hotel booking, tours as
well as downloading different kinds of discount cards. This state-of-the-art
business model will position the Company to continue to meet evolving consumer
demand.
Recent News and Press
Releases
Tam
of Henderson Reports Second Quarter Financial Results
Tam
of Henderson to Change Name to Universal Travel Group and Move Corporate
Headquarters
Tam
of Henderson Assembles Highly Experienced Management Team
Tam
of Henderson Completes Reverse Merger with Yu Zhi Lu Aviation Service Company
For the latest News and
Quotes on TMHN Click
Here.
Forward Looking Statements
The Private Securities Litigation Reform Act of
1995 provides a "Safe harbor" for forward-looking statements. Certain
of the statements contained herein, which are not historical facts, are
forward-looking statements with respect to events, the occurrence of which
involved risks and uncertainties. These forward-looking statements may be
impacted, either positively or negatively, by various factors. Information
concerning potential factors that could affect the company is detailed from time
to time in the company's reports filed with the Securities and Exchange
Commission.
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