Press Releases

SHENZHEN, China , Feb. 7, 2012 /PRNewswire-Asia-FirstCall/ -- Universal Travel Group (NYSE: UTA) ("Universal Travel Group" or the "Company"), a leading travel services provider in China offering package tours, air ticketing, and hotel reservation services online and via customer service representatives, today announced that it has appointed Mr. Jun Liu as Chief Operating Officer of the Company. Ms. Moling Shang and Mr. Jun Liu have been appointed to the Board of Directors.

Mr. Jun Liu has nearly 20 years of experience working in the travel industry. Mr. Liu joined Universal Travel Group in November 2009 and served as Universal Travel's Deputy General Manager. He began his career in the hotel industry in 1988 working at the Beijing Likang Hotel. From 1993 through 2004, Mr. Liu served as General Manager of Beijing Likang Hotel as well as General Manager of Beijing Likang Travel Agency from 1997 through 2004. During his tenure, the revenue of Beijing Likang Travel agency more than doubled. In 2004, Mr. Liu established Beijing Hongtai International Travel agency where he served as General Manager. Mr. Liu graduated from the Party School of Beijing Municipal Party Committee of Economic Management.

Ms. Moling Shang has served during her career in several jobs in the communications division of the Central Committee of the Communist Party of China (CPC). From 1984 through 1996, Ms. Shang was the Chief of the Propaganda Department in the Information Bureau of the CPC's Central Committee. From 1996 to 1999, Ms. Shang served in numerous positions including Associate Director of News Agency for China Central Television and her previous role as the Chief of Propaganda. Following her successful completion of her previous roles, Ms. Shang was appointed Deputy Chief of Propaganda in the Organization Department of the CPC Central Committee where she was responsible for the Three Represents campaign from 1999 through 2002. From 2002 to 2010, she served as Deputy Chief of the Information Bureau of the CPC Central Committee. Ms. Shang graduated from the Branch School of Peking University.

About Universal Travel Group

Universal Travel Group Inc. (NYSE: UTA) is a leading China-based travel services provider, focusing on the domestic tourism market for leisure and corporate travel and offering packaged tours, air ticketing, and hotel reservation services. The Company targets geographic expansion in underpenetrated travel markets in central and western China; and it has established a second operation base in Chongqing. With the Chinese disposal income continuing to rise driving demand for domestic leisure services, the Company continues to benefit and dominate packaged tour businesses. The Company operates multi-channels sales with 24 hour call centers, online website, owned and franchised sales offices and various wholesale channels. For more information, please visit Universal Travel Group's website at us.cnutg.com

For investor and media inquiries, please contact: 

Mr. Jing XIE, Secretary of Board & Interim Chief Financial OfficerUniversal Travel Group Inc. Tel: 86-755-86319549 Fax: 86-755-86319348 06@cnutg.comWebsite: us.cnutg.com

ChristensenKimberly MinarovichTel: +1 212 618 1978Kminarovich@ChristensenIR.com

Christian ArnellTel: +86 10-5826-4939carnell@ChristensenIR.com

SOURCE Universal Travel Group

SAN FRANCISCO, Feb. 7, 2012 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the leading global owner, operator and developer of industrial real estate, today announced that it has entered into a senior term loan agreement with nine relationship lenders including  Bank of America, N.A., as Administrative Agent. The company may obtain loans in U.S. dollars, euros, Japanese yen, and British pounds in an aggregate amount not to exceed euro 487.5 million (approximately $634 million). An accordion feature included in the loan agreement would permit a maximum increase to euro 987.5 million (approximately $1.3 billion), subject to obtaining additional lender commitments.

"The new facility enables us to maintain meaningful natural currency hedges at attractive financing terms. This facility addressed our Japan term loan that was scheduled to mature in 2012 and allowed us to refinance other corporate bank loans with longer term financing," said Phillip D. Joseph, Jr., managing director and treasurer.

The loan agreement is scheduled to mature on February 2, 2014; however, the company may extend the maturity date three times, in each case up to one year, subject to satisfaction of certain conditions and payment of an extension fee. Pricing under the facility is based upon the public debt ratings of the company's operating partnership and is currently at LIBOR plus 150 basis points. This represents a weighted average price reduction of approximately 67 basis points compared to the corporate bank facilities that were refinanced by this new facility.

About Prologis

Prologis, Inc. is the leading owner, operator and developer of industrial real estate, focused on global and regional markets across the Americas, Europe and Asia.  As of September 30, 2011, Prologis owned or had investments in, on a consolidated basis or through unconsolidated joint ventures, properties and development projects totaling approximately 600 million square feet (55.7 million square meters) in 22 countries.  The company leases modern distribution facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises.

The statements in this release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which Prologis  operates, management's beliefs and assumptions made by management.  Such statements involve uncertainties that could significantly impact Prologis' financial results. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature.  All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to rent and occupancy growth, development activity and changes in sales or contribution volume of developed properties, disposition activity, general conditions in the geographic areas where we operate, synergies to be realized from our recent merger transaction, our debt and financial position, our ability to form new property funds and the availability of capital in existing or new property funds — are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, interest rates and foreign currency exchange rates, (iii) increased or unanticipated competition for our properties, (iv) risks associated with acquisitions, dispositions and development of properties, (v) maintenance of real estate investment trust ("REIT") status and tax structuring, (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings, (vii) risks related to our investments in our co-investment ventures and funds, including our ability to establish new co-investment ventures and funds, (viii) risks of doing business internationally, including currency risks, (ix) environmental uncertainties, including risks of natural disasters, and (x) those additional factors discussed in reports filed with the Securities and Exchange Commission by Prologis under the heading "Risk Factors." Prologis undertakes no duty to update any forward-looking statements appearing in this release.

SOURCE Prologis, Inc.