UTA Universal Travel Grp.

The law firm of Lieff, Cabraser, Heimann & Bernstein, LLP announces that class action lawsuits have been brought on behalf of all persons who purchased or otherwise acquired the securities of Universal Travel Group (“Universal Travel” or the “Company”) (NYSE: UTA) between January 19, 2010 and April 12, 2011, inclusive (the “Class Period”).

If you purchased Universal Travel securities during the Class Period, you may move the Court for appointment as lead plaintiff by no later than June 15, 2011. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your share of any recovery in the action will not be affected by your decision of whether to seek appointment as lead plaintiff. You may retain Lieff Cabraser, or other attorneys, as your counsel in the actions.

Universal Travel shareholders who wish to learn more about the action and how to seek appointment as lead plaintiff may visit Lieff Cabraser’s website at http://www.lieffcabraser.com/case/465/universal-travel-group-securities-class-litigation or contact Sharon M. Lee of Lieff Cabraser toll free at (800) 541-7358.

Background on Universal Travel Securities Class Litigation

The actions are brought against Universal Travel and certain of its officers and directors for violations of the Securities Exchange Act of 1934. Universal Travel, headquartered in Shenzhen in the People’s Republic of China, describes itself as a travel services provider that offers hotel reservations, air-ticket booking, national and international travel and tourism packaged services, as well as map and daily convenience services. The actions allege that during the Class Period, defendants misrepresented and omitted material information regarding Universal Travel’s true financial condition and the companies it acquired.

On March 8, 2011, a research firm issued a report identifying numerous red flags of fraud at Universal Travel. The report alleged, among other things, that the net income and revenue of certain companies Universal Travel had acquired in 2010 were far less than the Company had claimed in its public filings. In response to the report, the price of Universal Travel shares fell 7.6 percent to close at $5.71 per share on March 9, 2011. On March 29, 2011 Universal Travel announced that it would postpone its earnings announcement for the fiscal year ended December 31, 2010. Following this news, the price of Universal Travel stock fell $1.06 per share, or 19.7 percent, to close at $4.33 per share on March 30, 2011. On April 12, 2011, trading in Universal Travel stock was halted. Two days later, on April 14, 2011 the Company announced that its independent auditor had resigned. According to the Company, the auditor believed that the Company and/or its Audit Committee were “being non-responsive, unwilling or reluctant to proceed in good faith” and were “imposing scope limitations on [the auditor’s] audit procedures.” The auditor also reportedly encountered issues during the audit process, including “issues related to the authenticity of confirmations, a loss of confidence in confirmation procedures carried out under circumstances which [the auditor] believed to be suspicious; issues concerning the lack of evidence of certain tour package contracts and related cash payments.” The auditor also stated that it had lost confidence in the Board of Directors’ and the Audit Committee’s commitment to sound corporate governance and reliable financial reporting.

About Lieff Cabraser

Lieff, Cabraser, Heimann & Bernstein, LLP, with offices in San Francisco, New York and Nashville, is a nationally recognized law firm committed to advancing the rights of investors and promoting corporate responsibility.

Since 2003, the National Law Journal has selected Lieff Cabraser as one of the top plaintiffs’ law firms in the nation. In compiling the list, the National Law Journal examined recent verdicts and settlements in addition to overall track records. Lieff Cabraser is one of only two plaintiffs’ law firms in the United States to receive this honor for the last eight consecutive years.

For more information about Lieff Cabraser and the firm’s representation of investors, please visit http://www.lieffcabraser.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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