Dutton Associates Announces Investment Opinion: Pro Travel Network Speculative Buy Rating In Initiating Coverage By Dutton Assoc

  
    
  
  
    
      Dutton Associates initiates coverage of Pro Travel Network (OTCBB:PTVL) 
      with a Speculative Buy rating and a price target of $2.00. The report by 
      Dutton senior analyst Richard West, CFA is available at www.jmdutton.com 
      as well as from First Call, Bloomberg, Zacks, Knobias, Reuters, and 
      other leading financial portals.
    
    
      Pro Travel is conducting a relatively young direct-to-consumer service 
      business that leverages the home-based business concepts with the travel 
      industry. Pro Travel believes they offer one of the most unique and 
      comprehensive independent travel agent training packages in the travel 
      industry. As of February 8, 2007, Pro Travel has approximately 8,000 
      independent travel agents. Pro Travel’s core 
      business consists of leveraging its technology and services to provide 
      travel stores on the Internet to the home based independent travel 
      agents. Pro Travel currently receives revenue from four sources 
      discussed in the report. The travel industry continues to grow. In 2004 
      in the United States, approximately $1.3 trillion was spent on travel 
      and tourism. Worldwide, the figure was approximately $7.0 trillion. In 
      recent years the scene has changed with the advent of individuals 
      utilizing the Internet to book travel. Direct travel bookings on the 
      Internet saw approximately 79 million travel bookings made in 2005, up 
      from 64 million in 2004. Company revenues are projected to reach $3.3 
      million for FY 07 ended June 30th, and increase 
      to $4.1 million in FY 08. EPS are projected to reach $.02 in the current 
      fiscal year, increasing to $,03 in FY08. At our price target of $2.00, 
      Pro Travel would be selling at a $48.0 million market capitalization.
    
    
      About Dutton Associates
    
    
      Dutton Associates is one of the largest independent investment research 
      firms in the U.S. Its 31 senior analysts are primarily CFAs and have 
      expertise in many industries. Dutton Associates provides continuing 
      analyst coverage of over 140 enrolled companies, and its research, 
      estimates, and ratings are carried in all the major databases serving 
      institutions and online investors.
    
    
      The cost of enrollment in our one-year continuing research program is US 
      $39,500 prepaid for 4 Research Reports, typically published quarterly, 
      and requisite Research Notes. Dutton Associates received $39,500 from 
      the Company for 4 Research Reports with coverage commencing on 
      3/12/2004. We do not accept payment of our fees in company stock. Our 
      principals and analysts are prohibited from owning or trading in 
      securities of covered companies. The views expressed in this research 
      report accurately reflect the analyst's personal views about the subject 
      securities or issuer. Neither the analyst's compensation nor the 
      compensation received by us is in any way related to the specific 
      ratings or views contained in this research report or note. Please read 
      full disclosures and analyst background at www.jmdutton.com 
      before investing.