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YTB President and COO Andy Cauthen Resigns
YTB President and COO Andy Cauthen Resigns Just Weeks After John D. Clagg, Chief Financial Officer abruptly resigned, Announcement of of Layoffs and Mounting Legal and Finanial Concerns.
He was named President of YourTravelBiz.com in October 2006. He has served as president and CEO of two major ($1 billion + asset based) companies, and has had P&L responsibility for a $200 million budget and 2,000 employees.
In an attempt to reduce losses YTB International laid off 49 workers temporarily at the end of January. The employees were laid off for a 90-day period beginning on January 22nd and represent about 25% of the company's work force. No severance has been paid to the employees since the company hopes the layoffs are just temporary, but employees will still continue to receive their medical benefits according to Robert Van Patten, YTB's president and CEO.
Earlier this month John D. Clagg, Chief Financial Officer abruptly resigned. John D. Clagg had been the Chief Financial Officer of YTB International Inc. since November 21, 2005 and its subsidiary, YourTravelBiz.com since December 15, 2003.
Among the recent and continued struggles with YTB (Your Travel Biz) and YTB Outdoors, many of the current and former Directors and Leaders with YTB, now Zam Zuu are jumping from the sinking ship. The problem with YTB, now Zam Zuu started two years ago when the Attorney General for the state of California slapped a major lawsuit against YTB.
In January, YTB Founder and “Coach” Tomer forfeited 355,000 shares of YTB stock for failure to meet established performance goals. The bad news is that he had to forfeit them. But Coach is not alone. The founder’s son Scott Tomer forfeited the same amount as well. And Kim Sorensen, head of the travel business forfeited the same amount of shares for performance failure too.
YTB stock is basically worthless today, with almost 4 times average shares traded today, YTB's stock slipped down to LESS THAN 3.5 cents per share! There were three very large selloffs today. I wonder what news might be coming soon. Who might be leaving?
With many of the YTB top money earners or directors now gone, and enrollment at rock bottom levels; it seems that YTB is imploding. Things looked real promising for this travel MLM company just last year, but after a string of bad moves, YTB is a shrinking ship.
YTB International, Inc. was recognized as the 25th largest seller of travel in the U.S. in Travel Weekly's 2009 Power List, based on 2008 annual retail value of travel services booked. The Company provides Internet-based travel booking services for home-based independent representatives in the United States, Puerto Rico, the Bahamas, Canada, Bermuda, and the U.S. Virgin Islands
Many of the former YTB leaders and referring travel agents are singing with a new travel and FISHING MLM business called Let’s Get Fishing.
Let’s Get Fishing is the Opportunity of a Lifetime that allows YOU to capitalize on the $125 Billion Fishing Industry combined with the $ 7 Trillion Travel Industry. With 40 Million Fisherman in the US, everyone knows there is a lot of money to be made... shouldn’t YOU be the one making that money?
Let’s Get Fishing (LGF) has taped the internet marketing and MLM expertise of Brent Vanderstelt to assist in the pre-launch, recruiting and is a Founder. Brent has extensive knowledge of internet marketing and promotion, successful network marketer and an avid fisherman.
LGF has also partnered with Outdoor Channel television host and professional Bass fishing pro, Joe Thomas. “Fishing is more than a passion for me, it’s a career, if you loving fishing you probably have dreamed of getting paid to go fishing like me, and Let’s Get Fishing offers you 7 great ways to earn an income doing what you love to do”.
Women fish too! As women make up almost 50% of the sport of fishing, and is the fasted growing segment within the sport. LGF has partnered with Sherri Russell, editor of She’s So Fly, a fly fishing site for women. “I love fishing and especially love fishing in exotic destinations, I love to travel and make money, so LGF was a no brainier for this fly girl”.
If you love fishing and travel like all of us and are interested in becoming a founding member of Let’s Get Fishing contact Brent Vanderstelt for more information or visit http://fish.brentvanderstelt.com
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Let’s Get Fishing is the Opportunity of a Lifetime that allows YOU to capitalize on the $125 Billion Fishing Industry combined with the $ 7 Trillion Travel Industry. With 40 Million Fisherman in the US, everyone knows there is a lot of money to be made... shouldn’t YOU be the one making that money? http://fish.brentvanderstelt.com