YTB Travel Has Doubt About Ability To Continue Business?

Posted on 18. Mar, 2009 by Ty Tribble in Network Marketing News

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YTB’s Reports Loss: Future In Doubt

“There is a substantial doubt about our ability to continue as a going concern,” YTB’s Annual Report says. The controversial Wood River, IL-based network marketing firm notes that its independent accounting firm has issued an opinion that questions YTB's “loss from operations and working capital deficiency raise substantial doubt about our ability to continue as a going concern.” YTB said it had incurred a loss of$4.1 million from operations in 2008. The 159 page YTB Annual Report (10-K) is required by the Securities and Exchange Commission (SEC).