Pro Travel Network Inc., to revive stock ticker PTVL and become current reporting on OTC Markets

Fresno, Ca., Feb. 27, 2020 (GLOBE NEWSWIRE) -- Pro Travel Network Inc., (PTVL) is a 17-year old publicly traded Seller of Travel operating as a Host Agency. Pro Travel Network provides a web-based business platform including, websites, accounting, training, marketing, licensing and supplier contracts for Independent Travel Advisors. Pro Travel Network also operates in numerous segments of the travel industry, including corporate travel management, co-branded joint ventures, membership platforms, sports and entertainment events, retail travel sales and live destination events.

After 10 years of being a dark and defunct public stock, Pro Travel Network Inc., is in the process of reviving the PTVL stock and becoming current on the OTC Markets. PTVL last filed in 2009 during the middle of the real estate crash due to lack of funds as the travel business was taking a hit for obvious reasons as well. The high costs of being a fully reporting company led it to abandon completely any reporting regarding the stock PTVL. Although the company was no longer reporting any financials, it has still been operating non-stop and profitably since that time.

During the last ten years PTVL has produced the following annual financial numbers:

	Bookings	Revenues	Net Operating Profit/Loss
2010 -	$16.52M	$999K	$247K
2011 -	$21.76M	$872K	$14K
2012 -	$19.93M	$2.1M	$302K
2013 -	$14.1M	$721K	($136K)	(Founder announced Cancer)
2014 -	$21.5M	$1.65M	$15K	(Founder Died)
2015 -	$22.78M	$1.2M	($61K)
2016 -	$21.8M	$2.0M	$127K
2017 -	$22.79M	$1.9M	$388K
2018 -	$14.0M	$1.75M	$277K	(JV Partnership Ended)
2019 -	$8.0M	$1.36M	$160K

In Q3 2014 PTVL entered into a new JV Partnership as the Founder was diagnosed with terminal cancer. That partnership resulted in increased bookings and revenues. That JV Partnership agreement ended in December 2017. Due to that ending, bookings have decreased. In 2018, PTVL appointed a new CEO and Director, Casey Musick. His 20+ years of experience as an executive and company founder in the financial, logistics and hospitality industries, lends to his abilities to lead PTVL into the next stages of operations. Since the new leadership taking over in Q1 2018, PTVL has redesigned the logo for the first time in over a decade, rebuilt all business platforms, websites and back office systems, cut costs by 30%, purchased an office building to act as the new headquarters and build equity instead of paying rent, established its first ever mission statement and a list of core values.