| x | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|-----------------------------------------------------------------------------------------|

| o | TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT |
|---|-----------------------------------------------------------------|

| Nevada                                                                                                                          |   | 90-0296536                                 |
|---------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------|
| (State or other jurisdiction of incorporation ororganization)                                                                   |   | (I.R.S. Employer  Identification No.) |
|                                                                                                                            |   |                                       |
| 9F, Building A, Rongchao Marina Bay CenterNO. 2021 Haixiu Road, Bao’an District, ShenzhenPeople’s Republic of China |   | 518133                                     |
| (Address of principal executive offices)                                                                                        |   | (Zip Code)                                 |

----

| Large accelerated filer | o      | Accelerated filer         | o      |
|-------------------------|--------|---------------------------|--------|
|                    |   |                      |   |
| Non-accelerated filer   | o      | Smaller reporting company | x      |

----

|   | · | Reclassified cash restricted by local travel bureau from cash and cash equivalent to restricted cash; |
|--------|--------|-------------------------------------------------------------------------------------------------------|

|   | · | Restated goodwill, intangible assets, deferred tax liabilities, and retained earnings due to an inconsistency between the acquisition dates of three new subsidiaries per the Company's 8-K filings and the reported periods of profit and loss statements included in the consolidated financial statements of the Company; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Reclassified business tax and levies from selling expenses and COGS to revenues; |
|--------|--------|----------------------------------------------------------------------------------|

|   | · | Reclassified commission paid to retail air ticketing agencies from selling expenses to COGS; |
|--------|--------|----------------------------------------------------------------------------------------------|

|   | · | Restated overstated net income $543,406, revenues $5,704,228, and expenses due to an inconsistency between the acquisition dates of three new subsidiaries per the Company's 8-K filings and the reported periods of profit and loss statements included in the consolidated financial statements of the Company; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Restated overstated retained earnings $543,406 due to an inconsistency between the acquisition dates of three new subsidiaries per the Company's 8-K filings and the reported periods of profit and loss statements included in the consolidated financial statements of the company; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Reclassified the revenue and cost of services of hotel reservation business in Huangshan Holiday Travel Service Co., Ltd. from packaged tours segment to hotel reservation segment; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Reclassified the revenue and cost of services of packaged tours business in Chongqing Travel World E-Business Co., Ltd. from air ticketing segment to packaged tours segment; and |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Restated the corresponding line items on the consolidated statements of cash flows, as result of above reclassifications and restatement. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------|

----

|     |                                                                                                         |   | Page   |
|----------|--------------------------------------------------------------------------------------------------------------|--------|--------|
|     |                                                                                                         |   |   |
| PART I.  | Financial Information                                                                                        |   | 4      |
|     |                                                                                                         |   |   |
|     | Item 1.  Financial Statements (Unaudited)                                                               |   | 4      |
|     |                                                                                                         |   |   |
|     | Report of  Independent Registered Public Accounting Firm                                           |   | 5      |
|     |                                                                                                         |   |   |
|     | Consolidated Balance Sheets as of March 31, 2010 (Unaudited) and December 31, 2009                           |   | 7      |
|     |                                                                                                         |   |   |
|     | Consolidated Statements of Income for the Three Months Ended March 31, 2010 and 2009 (Unaudited)             |   | 8      |
|     |                                                                                                         |   |   |
|     | Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2010 and 2009 (Unaudited)         |   | 9      |
|     |                                                                                                         |   |   |
|     | Consolidated Statements of Stockholders' Equity                                                              |   | 10     |
|     |                                                                                                         |   |   |
|     | Notes to Consolidated Financial Statements as of March 31, 2010 (Unaudited)                                  |   | 11     |
|     |                                                                                                         |   |   |
|     | Item 2.  Management’s Discussion and Analysis of Financial Condition or Results of Operation |   | 36     |
|     |                                                                                                         |   |   |
|     | Item 3.  Quantitative and Qualitative Disclosures About Market Risk.                                    |   | 42     |
|     |                                                                                                         |   |   |
|     | Item 4.  Controls and Procedures                                                                        |   | 42     |
|     |                                                                                                         |   |   |
| PART II. | Other Information                                                                                            |   | 42     |
|     |                                                                                                         |   |   |
|     | Item 1.  Legal Proceedings                                                                              |   | 42     |
|     |                                                                                                         |   |   |
|     | Item 1A. Risk Factors.                                                                                       |   | 42     |
|     |                                                                                                         |   |   |
|     | Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds                                    |   | 43     |
|     |                                                                                                         |   |   |
|     | Item 3.  Defaults Upon Senior Securities                                                                |   | 43     |
|     |                                                                                                         |   |   |
|     | Item 4.  (Removed and Reserved).                                                                        |   | 43     |
|     |                                                                                                         |   |   |
|     | Item 5.  Other Information                                                                              |   | 43     |
|     |                                                                                                         |   |   |
|     | Item 6.  Exhibits                                                                                       |   | 43     |

----

----

| ACSB Acquavella, Chiarelli, Shuster, Berkower & Co., LLP |
|--------------------------------------------------------------|
| 517 Route one                                                | 1 Penn Plaza |
| Iselin, New Jersey, 08830                                    | 36the Floor |
| 732.855.9600                                                 | New York, NY 10119 |

----

| Consolidated Balance Sheets                                          |   | 7      |
|----------------------------------------------------------------------|--------|--------|
|                                                                 |   |   |
| Unaudited Consolidated Statements of Income and Comprehensive Income |   | 8      |
|                                                                 |   |   |
| Unaudited Consolidated Statements of Cash Flows                      |   | 9      |
|                                                                 |   |   |
| Unaudited Consolidated Statements of Stockholders’ Equity      |   | 10     |
|                                                                 |   |   |
| Notes to Unaudited Consolidated Financial Statements                 |   | 11-35  |

----

|                                                                                                                                                                           |   | March 31, 2010 |       |   | December 31, 2009 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------|------------|--------|-----------------------------|--------|
|                                                                                                                                                                           |   | UnauditedRestated        |       |   | Restated                    |   |
| ASSETS                                                                                                                                                                         |   |                     |       |   |                        |   |
| Cash and cash equivalents                                                                                                                                                      |   | $                        | 37,660,201 |   |                        | $      | 36,574,741 |   |
| Restricted cash                                                                                                                                                                |   |                     | 172,871    |   |                        |   | 102,681 |   |
| Accounts receivable, net                                                                                                                                                       |   |                     | 18,832,395 |   |                        |   | 17,321,174 |   |
| Other receivables and deposits, net                                                                                                                                            |   |                     | 1,282,919  |   |                        |   | 257,907 |   |
| Trade deposit                                                                                                                                                                  |   |                     | 10,580,801 |   |                        |   | 9,775,735 |   |
| Advances                                                                                                                                                                       |   |                     | 439,504    |   |                        |   | 440,063 |   |
| Prepaid expenses                                                                                                                                                               |   |                     | 49,076     |   |                        |   | 216,727 |   |
| Note receivable                                                                                                                                                                |   |                     | 738,457    |   |                        |   | 1,711,392 |   |
| Acquisition deposits                                                                                                                                                           |   |                     | -          |   |                        |   | 4,077,921 |   |
| Total Current Assets                                                                                                                                                           |   |                     | 69,756,224 |   |                        |   | 70,478,341 |   |
|                                                                                                                                                                           |   |                     |       |   |                        |   |   |   |
| Property, plant & equipment, net                                                                                                                                           |   |                     | 5,465,481  |   |                        |   | 4,992,677 |   |
| Intangible assets                                                                                                                                                              |   |                     | 2,334,377  |   |                        |   | 339,240 |   |
| Goodwill                                                                                                                                                                       |   |                     | 18,921,485 |   |                        |   | 9,896,270 |   |
| Total Noncurrent Assets                                                                                                                                                        |   |                     | 26,721,343 |   |                        |   | 15,228,187 |   |
| Total Assets                                                                                                                                                                   |   | $                        | 96,477,567 |   |                        | $      | 85,706,528 |   |
|                                                                                                                                                                           |   |                     |       |   |                        |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                                                           |   |                     |       |   |                        |   |   |   |
| Current Liabilities                                                                                                                                                            |   |                     |       |   |                        |   |   |   |
| Accounts payable and accrued expenses                                                                                                                                          |   | $                        | 8,187,468  |   |                        | $      | 2,615,730 |   |
| Customer deposits                                                                                                                                                              |   |                     | 1,555,445  |   |                        |   | 2,000,117 |   |
| Income tax payable                                                                                                                                                             |   |                     | 1,299,373  |   |                        |   | 1,654,475 |   |
| Total Current Liabilities                                                                                                                                                      |   |                     | 11,042,286 |   |                        |   | 6,270,322 |   |
| Derivative liability                                                                                                                                                           |   |                     | 1,705,868  |   |                        |   | 1,815,319 |   |
| Deferred tax liabilities                                                                                                                                                       |   |                     | 495,589    |   |                        |   | - |   |
| Total  Liabilities                                                                                                                                                   |   |                     | 13,243,743 |   |                        |   | 8,085,641 |   |
|                                                                                                                                                                           |   |                     |       |   |                        |   |   |   |
| Stockholders' Equity                                                                                                                                                           |   |                     |       |   |                        |   |   |   |
| Common stock, $.001 par value, 70,000,000 shares authorized, 16,930,218 and 16,714,457 issued and outstanding at March 31, 2010 and December 31,  2009, respectively |   |                     | 16,929     |   |                        |   | 16,714 |   |
| Additional paid in capital                                                                                                                                                     |   |                     | 40,043,651 |   |                        |   | 37,671,645 |   |
| Statutory reserve                                                                                                                                                              |   |                     | 570,329    |   |                        |   | 372,144 |   |
| Retained earnings                                                                                                                                                              |   |                     | 41,461,686 |   |                        |   | 37,915,251 |   |
| Accumulated other comprehensive income                                                                                                                                         |   |                     | 1,141,229  |   |                        |   | 1,645,133 |   |
| Total Stockholders' Equity                                                                                                                                                     |   |                     | 83,233,824 |   |                        |   | 77,620,887 |   |
| Total Liabilities and Stockholders' Equity                                                                                                                                     |   | $                        | 96,477,567 |   |                        | $      | 85,706,528 |   |

----

|                                                   |   | March 31, 2010 |       |   | March 31, 2009 |   |
|--------------------------------------------------------|--------|--------------------------|------------|--------|--------------------------|--------|
|                                                   |   | Restated                 |       |   |                     |   |
| Gross revenues,                                        |   | $                        | 20,425,779 |   |                     | $      | 15,421,993 |   |
| Cost of services                                       |   |                     | 14,169,485 |   |                     |   | 10,306,052 |   |
| Gross Profit                                           |   |                     | 6,256,294  |   |                     |   | 5,115,941 |   |
|                                                   |   |                     |       |   |                     |   |   |   |
| Selling, general and administrative expenses           |   |                     | 1,565,987  |   |                     |   | 876,929 |   |
|                                                   |   |                     |       |   |                     |   |   |   |
| Income from operations                                 |   |                     | 4,690,307  |   |                     |   | 4,239,012 |   |
|                                                   |   |                     |       |   |                     |   |   |   |
| Other income (expense)                                 |   |                     |       |   |                     |   |   |   |
| Other income                                           |   |                     | 3,554      |   |                     |   | 3,828 |   |
| Gain on change in fair value of derivative liabilities |   |                     | 109,451    |   |                     |   | 113,265 |   |
| Interest income                                        |   |                     | 22,189     |   |                     |   | 10,939 |   |
| Total other income                                     |   |                     | 135,194    |   |                     |   | 128,032 |   |
| Income before income taxes - continuing operation      |   |                     | 4,825,501  |   |                     |   | 4,367,044 |   |
|                                                   |   |                     |       |   |                     |   |   |   |
| Provision for income taxes                             |   |                     | 1,279,066  |   |                     |   | 1,117,196 |   |
| Net Income - continuing operation                      |   |                     | 3,546,435  |   |                     |   | 3,249,848 |   |
|                                                   |   |                     |       |   |                     |   |   |   |
| Income from discontinued operations                    |   |                     | -          |   |                     |   | 131,693 |   |
| Net income (loss) from discontinued operation          |   |                     | -          |   |                     |   | 131,693 |   |
|                                                   |   |                     |       |   |                     |   |   |   |
| Net Income                                             |   | $                        | 3,546,435  |   |                     | $      | 3,381,541 |   |
|                                                   |   |                     |       |   |                     |   |   |   |
| Net income per common share - continuing operation     |   |                     |       |   |                     |   |   |   |
| Basic                                                  |   | $                        | 0.21       |   |                     | $      | 0.23 |   |
| Diluted                                                |   | $                        | 0.20       |   |                     | $      | 0.23 |   |
|                                                   |   |                     |       |   |                     |   |   |   |
| Net income per common share - discontinued operation   |   |                     |       |   |                     |   |   |   |
| Basic                                                  |   | $                        | -          |   |                     | $      | 0.01 |   |
| Diluted                                                |   | $                        | -          |   |                     | $      | 0.01 |   |
|                                                   |   |                     |       |   |                     |   |   |   |
| Weighted average common shares outstanding             |   |                     |       |   |                     |   |   |   |
| Basic                                                  |   |                     | 16,822,339 |   |                     |   | 13,873,969 |   |
| Diluted                                                |   |                     | 18,019,257 |   |                     |   | 13,885,722 |   |
|                                                   |   |                     |       |   |                     |   |   |   |
| Net income                                             |   | $                        | 3,546,435  |   |                     | $      | 3,249,848 |   |
| Translation                                            |   |                     | (503,904   | )      |                     |   | 34,707 |   |
| Comprehensive income                                   |   | $                        | 3,042,531  |   |                     | $      | 3,284,555 |   |

----

|                                                         |   | 2010     |       |   | 2009   |   |
|--------------------------------------------------------------|--------|----------|------------|--------|--------|--------|
|                                                         |   | Restated |       |   |   |   |
| CASH FLOWS FROM OPERATING ACTIVITIES                         |   |     |       |   |   |   |
| Net income                                                   |   | $        | 3,546,435  |   |   | $      | 3,249,850 |   |
| Add (deduct):                                                |   |     |       |   |   |   |   |   |
| Net income (loss) from discontinued operations               |   |     | -          |   |   |   | 131,693 |   |
| Income from continuing operations                            |   |     | 3,546,435  |   |   |   | 3,381,543 |   |
| Add (deduct):                                                |   |     |       |   |   |   |   |   |
| Adjustments to reconcile net income to net cash              |   |     |       |   |   |   |   |   |
| provided by operating activities:                            |   |     |       |   |   |   |   |   |
| Depreciation and amortization                                |   |     | 301,104    |   |   |   | 84,656 |   |
| Provision for doubtful accounts                              |   |     | 24,931     |   |   |   | 9,205 |   |
| Stock based compensation                                     |   |     | 336,632    |   |   |   | 165,000 |   |
| Gain on change in fair value of derivative liabilities       |   |     | (109,451   | )      |   |   | (113,265 | ) |
| (Increase) / decrease in assets:                             |   |     |       |   |   |   |   |   |
| Restricted cash                                              |   |     | (70,190    | )      |   |   | - |   |
| Accounts receivable                                          |   |     | (1,365,395 | )      |   |   | (2,279,625 | ) |
| Other receivable                                             |   |     | (392,698   | )      |   |   | (176,658 | ) |
| Advances                                                     |   |     | 559        |   |   |   | (513 | ) |
| Prepaid expenses                                             |   |     | 199,876    |   |   |   | 123,111 |   |
| Trade deposits                                               |   |     | (796,862   | )      |   |   | 2,003,342 |   |
| Escrow deposits                                              |   |     | -          |   |   |   | 600,499 |   |
| Increase / (decrease) in current liabilities:                |   |     |       |   |   |   |   |   |
| Accounts payable and accrued expenses                        |   |     | 5,167,468  |   |   |   | 718,269 |   |
| Customer deposits                                            |   |     | (456,392   | )      |   |   | 366,025 |   |
| Income tax payable                                           |   |     | (589,990   | )      |   |   | (784,295 | ) |
| Deferred tax liabilities                                     |   |     | 495,589    |   |   |   | - |   |
| Net cash provided by continuing operations                   |   |     | 6,291,615  |   |   |   | 4,097,294 |   |
| Net cash provided by discontinued operations                 |   |     | -          |   |   |   | 92,516 |   |
| Net cash provided by operating activities                    |   |     | 6,291,615  |   |   |   | 4,189,810 |   |
|                                                         |   |     |       |   |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES                         |   |     |       |   |   |   |   |   |
| Purchase of property & equipment                         |   |     | (619,616   | )      |   |   | (1,260,398 | ) |
| Purchase of  intangibles                           |   |     | (29,298    | )      |   |   | - |   |
| Proceeds from collection of notes                            |   |     | 972,935    |   |   |   | - |   |
| Acquisition deposits                                         |   |     | 4,077,921  |   |   |   | - |   |
| Paid for acquisition – net of cash acquired            |   |     | (9,354,457 | )      |   |   | - |   |
| Net cash (used in) continuing operations                     |   |     | (4,952,515 | )      |   |   | (1,260,398 | ) |
| Net cash (used in) discontinued operations                   |   |     | -          |   |   |   | - |   |
| Net cash (used in) continuing operations                     |   |     | (4,952,515 | )      |   |   | (1,260,398 | ) |
|                                                         |   |     |       |   |   |   |   |   |
| Effect of exchange rate changes on cash and cash equivalents |   |     | (253,640   | )      |   |   | 37,334 |   |
|                                                         |   |     |       |   |   |   |   |   |
| Net change in cash and cash equivalents                      |   |     | 1,085,460  |   |   |   | 2,966,746 |   |
| Cash and cash equivalents, beginning balance                 |   |     | 36,574,741 |   |   |   | 16,204,531 |   |
| Cash and cash equivalents, ending balance                    |   | $        | 37,660,201 |   |   | $      | 19,171,277 |   |
|                                                         |   |     |       |   |   |   |   |   |
| SUPPLEMENTAL DISCLOSURES:                                    |   |     |       |   |   |   |   |   |
| Cash paid during the year for:                               |   |     |       |   |   |   |   |   |
| Interest payments                                            |   | $        | -          |   |   | $      | - |   |
| Income taxes                                                 |   | $        | 1,354,660  |   |   | $      | 1,929,630 |   |
| Other non-cash transactions                                  |   |     |       |   |   |   |   |   |
| Purchased goodwill                                           |   | $        | (9,025,215 | )      |   | $      | - |   |
| Purchased intangible assets                                  |   |     | (1,982,354 | )      |   |   | - |   |
| Fair value of assets purchased less cash acquired            |   |     | (382,477   | )      |   |   | - |   |
| Acquisition financed with stock issuance                     |   |     | 2,035,589  |   |   |   | - |   |
| Acquisition paid for with cash – net of acquired       |   | $        | (9,354,457 | )      |   | $      | - |   |

----

|                                                                                              |   |   |       |   |   |   |   | Additional |   |   |       |   |   |     |    |   | Other         |   |       | Total               |   |
|--------------------------------------------------------------------------------------------------------|--------|--------|------------|--------|--------|--------|--------|------------|--------|--------|------------|--------|--------|----------|---------|--------|---------------|--------|------------|---------------------|--------|
|                                                                                                   |   |   |       |   |   |   |   | Paid In    |   |   | Statutory  |   |   | Retained |    |   | Comprehensive |   |       | Stockholders’ |   |
|                                                                                                   |   |   |       |   | Amount |   |   | Capital    |   |   | Reserve    |   |   | Earnings |    |   | Income        |   |       | Equity              |   |
|                                                                                                   |   |   |       |   |   |   |   |       |   |   |       |   |   |     |    |   |          |   |       |                |   |   |   |   |   |   |   |   |
| Balance December 31, 2008                                                                              |   |   | 13,873,969 |   |   | $      | 13,873 |       |   | $      | 15,861,116 |   |   | $        | 372,144 |   |          | $      | 26,633,573 |                |   | $ | 1,520,166 |   |   | $ | 44,400,872 |   |
|                                                                                                   |   |   |       |   |   |   |   |       |   |   |       |   |   |     |    |   |          |   |       |                |   |   |   |   |   |   |   |   |
| Restated                                                                                               |   |   |       |   |   |   |   |       |   |   |       |   |   |     |    |   |          |   |       |                |   |   |   |   |   |   |   |   |
| Cumulative effect of a change in accounting principle-adoption of EITF 07-05 effective January 1, 2009 |   |   |       |   |   |   |   |       |   |   | (2,091,738 | )      |   |     |    |   |          |   | 536,777    |                |   |   |   |   |   |   | (1,554,961 | ) |
| Stock based compensation – Net of warrants exercise                                              |   |   | 41,120     |   |   |   | 42     |       |   |   | 1,154,367  |   |   |     |    |   |          |   |       |                |   |   |   |   |   |   | 1,154,409 |   |
| Fair market value Of treasury stock received and retired                                               |   |   | (238,095   | )      |   |   | (239   | )          |   |   | (2,780,711 | )      |   |     |    |   |          |   |       |                |   |   |   |   |   |   | (2,780,950 | ) |
| Warrants exercised                                                                                     |   |   | 235,569    |   |   |   | 236    |       |   |   | 6,571,594  |   |   |     |    |   |          |   |       |                |   |   |   |   |   |   | 6,571,830 |   |
| Options cashless exercised                                                                             |   |   | 576,372    |   |   |   | 577    |       |   |   | (577       | )      |   |     |    |   |          |   |       |                |   |   |   |   |   |   | - |   |
| Option cash exercised                                                                                  |   |   | 3,300      |   |   |   | 3      |       |   |   | 9,567      |   |   |     |    |   |          |   |       |                |   |   |   |   |   |   | 9,570 |   |
| Stock issued for cash net of offering costs                                                            |   |   | 2,222,222  |   |   |   | 2,222  |       |   |   | 18,948,027 |   |   |     |    |   |          |   |       |                |   |   |   |   |   |   | 18,950,249 |   |
| Income for the year  ended December 31, 2009                                                 |   |   |       |   |   |   |   |       |   |   |       |   |   |     |    |   |          |   | 10,744,901 |                |   |   |   |   |   |   | 10,744,901 |   |
| Foreign currency translation adjustments                                                               |   |   |       |   |   |   |   |       |   |   |       |   |   |     |    |   |          |   |       |                |   |   | 124,967 |   |   |   | 124,967 |   |
|                                                                                                   |   |   |       |   |   |   |   |       |   |   |       |   |   |     |    |   |          |   |       |                |   |   |   |   |   |   |   |   |
| Balance December 31, 2009 (restated)                                                                   |   |   | 16,714,457 |   |   |   | 16,714 |       |   |   | 37,671,645 |   |   |     | 372,144 |   |          |   | 37,915,251 |                |   |   | 1,645,133 |   |   |   | 77,620,887 |   |
| Stock based compensation                                                                               |   |   |       |   |   |   |   |       |   |   | 336,632    |   |   |     |    |   |          |   |       |                |   |   |   |   |   |   | 336,632 |   |
| Stock issued for acquisitions                                                                          |   |   | 215,761    |   |   |   | 215    |       |   |   | 2,035,374  |   |   |     | 198,185 |   |          |   |       |                |   |   |   |   |   |   | 2,233,774 |   |
| Income for the  three months ended March 31, 2010                                            |   |   |       |   |   |   |   |       |   |   |       |   |   |     |    |   |          |   | 3,546,435  |                |   |   |   |   |   |   | 3,546,435 |   |
| Foreign currency translation adjustments                                                               |   |   |       |   |   |   |   |       |   |   |       |   |   |     |    |   |          |   |       |                |   |   | (503,904 | ) |   |   | (503,904 | ) |
|                                                                                                   |   |   |       |   |   |   |   |       |   |   |       |   |   |     |    |   |          |   |       |                |   |   |   |   |   |   |   |   |
| Balance March 31, 2010 (restated)                                                                      |   |   | 16,930,218 |   |   | $      | 16,929 |       |   | $      | 40,043,651 |   |   | $        | 570,329 |   |          | $      | 41,461,686 |                |   | $ | 1,141,229 |   |   | $ | 83,233,824 |   |

----

----

|                                                 |   | March 31, |       |
|------------------------------------------------------|--------|----------------|------------|
|                                                 |   | 2009           |       |
| Sales                                                |   | $              | 1,858,999  |   |
| Cost of sales                                        |   |           | (1,604,303 | ) |
| Gross profit                                         |   |           | 254,696    |   |
| Operating expenses                                   |   |           | (94,932    | ) |
| Income from discontinued operation before income tax |   |           | 159,764    |   |
| Income tax                                           |   |           | (28,071    | ) |
| Net Income from discontinued operations              |   | $              | 131,693    |   |

----

| Description                        |    | Balanceatbeginningofyear |    |    | Charged toexpenses |    |    | Deductions |    |    | Balance at endof year |    |
|------------------------------------|--------------|--------------------------|--------------|--------------|-------------------------|--------------|--------------|------------|--------------|--------------|--------------------------------------|--------------|
| Allowance for doubtful receivables |         | $                        | 414,927      |         |                    | $            | 24,931       |       |         | $            | -                                    |         |   | $ | 439,858 |   |

----

| Furniture and Fixtures   | 5 years            |
|--------------------------|--------------------|
| Transportation equipment | 5 years            |
| Office equipment         | 5 years            |
| Leasehold Improvements   | 5 – 10 years |

|                     |   | March 31,2010 |       |   | December 31,2009 |   |
|--------------------------|--------|--------------------|------------|--------|-----------------------|--------|
| Furniture & fixtures |   | $                  | 52,600     |   |                  | $      | 23,560 |   |
| Transportation equipment |   |               | 237,672    |   |                  |   | 150,232 |   |
| Office equipment         |   |               | 4,856,620  |   |                  |   | 4,146,637 |   |
| Leasehold improvements   |   |               | 1,439,270  |   |                  |   | 1,385,481 |   |
|                     |   |               | 6,586,162  |   |                  |   | 5,705,910 |   |
| Accumulated depreciation |   |               | (1,120,681 | )      |                  |   | (713,233 | ) |
|                     |   | $                  | 5,465,481  |   |                  | $      | 4,992,677 |   |

----

|                                          |   | March 31, 2010Restated |       |   | December 31,2009 |   |
|-----------------------------------------------|--------|----------------------------------|------------|--------|-----------------------|--------|
| Shanghai Lanbao Travel Service Co., Ltd.      |   | $                                | 3,081,799  |   |                  | $      | 3,081,799 |   |
| Foshan International Travel Service Co., Ltd. |   |                             | 6,049,576  |   |                  |   | 6,049,576 |   |
| Xian Golden Net Travel Serve Services Co.,Ltd |   |                             | 764,895    |   |                  |   | 764,895 |   |
| Zhengzhou Yulongkang Agency Co., Ltd          |   |                             | 3,812,004  |   |                  |   | - |   |
| Hebei Taiyuan Travel Agency Co., Ltd          |   |                             | 3,320,700  |   |                  |   | - |   |
| Huangshan Holiday Travel Service Co., Ltd     |   |                             | 1,892,511  |   |                  |   | - |   |
|                                          |   | $                                | 18,921,485 |   |                  | $      | 9,896,270 |   |

----

----

----

----

|                                                                                      | Three months ended March 31, |   |
|-------------------------------------------------------------------------------------------|--------------------------------------------------|--------|
|                                                                                      | 2010                                             |   | 2009 |   |
|                                                                                      | Restated                                         |   | Restated |   |
| Basic earnings from continuing operations per share:                                      |                                             |   |   |   |
| Numerator:                                                                                |                                             |   |   |   |
| Income from continuing operations used in computing basic earnings per share              |                                             | $      | 3,546,435 |   |   | $ | 3,249,848 |   |
| Income from continuing operations applicable to common shareholders                       |                                             | $      | 3,546,435 |   |   | $ | 3,249,848 |   |
| Denominator:                                                                              |                                             |   |   |   |   |   |   |   |
| Weighted average common shares outstanding                                                |                                             |   | 16,822,339 |   |   |   | 13,873,969 |   |
| Basic earnings (losses) per share from continuing operations                              |                                             | $      | 0.21 |   |   | $ | 0.23 |   |
| Diluted earnings per share from continuing operations:                                    |                                             |   |   |   |   |   |   |   |
| Numerator:                                                                                |                                             |   |   |   |   |   |   |   |
| Income from continuing operations used in computing diluted earnings (losses) per share   |                                             | $      | 3,546,435 |   |   | $ | 3,249,848 |   |
| Income from continuing operations applicable to common shareholders                       |                                             | $      | 3,546,435 |   |   | $ | 3,249,848 |   |
| Denominator:                                                                              |                                             |   |   |   |   |   |   |   |
| Weighted average common shares outstanding                                                |                                             |   | 16,822,339 |   |   |   | 13,873,969 |   |
| Weighted average effect of dilutive securities:                                           |                                             |   |   |   |   |   |   |   |
| Stock options and warrants                                                                |                                             |   | 1,196,918 |   |   |   | 11,753.00 |   |
| Shares used in computing diluted net income per share                                     |                                             |   | 18,019,257 |   |   |   | 13,885,722 |   |
| Diluted earnings per share from continuing operations                                     |                                             | $      | 0.20 |   |   | $ | 0.23 |   |
| Basic earnings from discontinued operations per share:                                    |                                             |   |   |   |   |   |   |   |
| Numerator:                                                                                |                                             |   |   |   |   |   |   |   |
| Income from discontinued operations used in computing basic earnings per share            |                                             | $      | - |   |   | $ | 131,693 |   |
| Income from discontinued operations applicable to common shareholders                     |                                             | $      | - |   |   | $ | 131,693 |   |
| Denominator:                                                                              |                                             |   |   |   |   |   |   |   |
| Weighted average common shares outstanding                                                |                                             |   | 16,822,339 |   |   |   | 13,873,969 |   |
| Basic earnings per share from discontinued operations                                     |                                             | $      | - |   |   | $ | 0.01 |   |
| Diluted earnings per share from discontinued operations:                                  |                                             |   |   |   |   |   |   |   |
| Numerator:                                                                                |                                             |   |   |   |   |   |   |   |
| Income from discontinued operations used in computing diluted earnings (losses) per share |                                             | $      | - |   |   | $ | 131,693 |   |
| Income from discontinued operations applicable to common shareholders                     |                                             | $      | - |   |   | $ | 131,693 |   |
| Denominator:                                                                              |                                             |   |   |   |   |   |   |   |
| Weighted average common shares outstanding                                                |                                             |   | 16,822,339 |   |   |   | 13,873,969 |   |
| Weighted average effect of dilutive securities:                                           |                                             |   |   |   |   |   |   |   |
| Stock options and warrants                                                                |                                             |   | 1,196,918 |   |   |   | 11,753 |   |
| Shares used in computing diluted net income (loss) per share                              |                                             |   | 18,019,257 |   |   |   | 13,885,722 |   |
| Diluted losses(earnings) earnings per share from discontinued operations                  |                                             | $      | - |   |   | $ | 0.01 |   |
| Total net income per common share                                                         |                                             |   |   |   |   |   |   |   |
| Basic                                                                                     |                                             | $      | 0.21 |   |   | $ | 0.24 |   |
| Diluted                                                                                   |                                             | $      | 0.20 |   |   | $ | 0.24 |   |

----

----

----

|                                                                                                                                                                                                                      |   | March 31, |       |   | December 31, |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------|------------|--------|-------------------|--------|
|                                                                                                                                                                                                                      |   | 2010           |       |   | 2009              |   |
| Shenzhen Yuzhilu Aviation Service Co., Ltd:                                                                                                                                                                               |   |           |       |   |              |   |
| Deposit for tripeasy kiosks. The Company will start record of asset and depreciation on a 5 year straight-line method for the actual number of kiosk when they start operation.                                           |   | $              | 860,729    |   |              | $      | 1,465,592 |   |
| Deposit for tripeasy Kiosks location. This were deposits for admittance to install tripeasy at each location and paid to real estate management companies.                                                                |   |           | 418,662    |   |              |   | - |   |
| Deposit for airlines. This was a credit based for issuing air-tickets, and the full amount is returnable if the company discontinues air-ticket business.                                                                 |   |           | 1,713,750  |   |              |   | 2,811,004 |   |
| Deposit for Financial System Software                                                                                                                                                                                     |   |           | -          |   |              |   | 16,898 |   |
| Deposit for air-ports. This was a deposit for admittance to do marketing in air-ports, and is deductible against monthly rental obligation to air-ports                                                                   |   |           | -          |   |              |   | 8,508 |   |
| Deposit for agencies. This was a credit based for the company to issue other ticket agencies' special fare air-ticket, and the full amount is returnable if the company discontinues its business with other agencies.    |   |           | 3,321,183  |   |              |   | 1,100,158 |   |
| Subtotal                                                                                                                                                                                                                  |   |           | 6,314,324  |   |              |   | 5,402,160 |   |
| Huangshan Holiday Travel Agency Co., Ltd.:                                                                                                                                                                                |   |           |       |   |              |   |   |   |
| Advance payment to tour guides for expenses during leading the tour. This will be transferred to costs when the tour guide return from tour and provide supporting evidence.                                              |   |           | 879        |   |              |   | - |   |
| Subtotal                                                                                                                                                                                                                  |   |           | 879        |   |              |   | - |   |
| Zhengzhou Yulongkang Travel Agency Co., Ltd.:                                                                                                                                                                             |   |           |       |   |              |   |   |   |
| Deposit paid to tour companies. This was a credit based for co-operate travel agencies, and is deductible against tour payments, the balance is returnable when cease doing business with these agencies.                 |   |           | 7,325      |   |              |   | - |   |
| Subtotal                                                                                                                                                                                                                  |   |           | 7,325      |   |              |   | - |   |
| Foshan Overseas International Travel Service Co. Ltd.:                                                                                                                                                                    |   |           |       |   |              |   |   |   |
| Deposit paid to tour companies. This was a credit based for co-operate travel agencies, and is deductible against tour payments, the balance is returnable when cease doing business with these agencies.                 |   |           | 298,318    |   |              |   | 969,261 |   |
| Advance payment to tour guides for expenses during leading the tour. This will be transferred to costs when the tour guide return from tour and provide supporting evidence.                                              |   |           | 745,257    |   |              |   | 243,342 |   |
| Subtotal                                                                                                                                                                                                                  |   |           | 1,043,575  |   |              |   | 1,212,603 |   |
| Xian Golden Net Travel Serve Services, Ltd.:                                                                                                                                                                              |   |           |       |   |              |   |
| Deposit for Tour companies. This was a credit based for co-operate travel agencies, and is deductible against tour payments, the balance is returnable when cease doing business with these agencies                      |   |           | 556,705    |   |              |   | 425,396 |   |
| Deposit for transportations. This was a credit based for co-operate transportation suppliers, and is deductible against transportation payments, the balance is returnable when cease doing business with these agencies. |   |           | -          |   |              |   | 132,019 |   |
| Subtotal                                                                                                                                                                                                                  |   |           | 556,705    |   |              |   | 557,415 |   |
| Chongqing Travel World E-Business Co., Ltd.                                                                                                                                                                               |   |           |       |   |              |   |
| Deposit for agencies. This was a credit based for the company to issue other ticket agencies' special fare air-ticket, and the full amount is returnable if the company discontinues its business with other agencies.    |   |           | 2,584,019  |   |              |   | 2,587,279 |   |
| Subtotal                                                                                                                                                                                                                  |   |           | 2,584,019  |   |              |   | 2,587,279 |   |
| Shenzhen Universal Travel                                                                                                                                                                                                 |   |           |       |   |              |   |
| Deposit for agencies. This was a credit based for the company to issue other ticket agencies' special fare air-ticket, and the full amount is returnable if the company discontinues its business with other agencies.    |   |           | 73,974     |   |              |   | 16,278 |   |
| Subtotal                                                                                                                                                                                                                  |   |           | 73,974     |   |              |   | 16,278 |   |
| Total                                                                                                                                                                                                                     |   | $              | 10,580,801 |   |              | $      | 9,775,735 |   |

----

|                  |    | March 31, |    |    | March 31, |    |
|----------------------------|--------------|----------------|--------------|--------------|----------------|--------------|
|                       |         | 2010           |         |         | 2009           |         |
| Current income tax expense |         | $              | 1,279,066    |         |           | $            | 1,117,196 |   |
| Actual effective tax rate  |         |           | 26.51%       |         |           |         | 25.58% |   |

| 2011        |   | $      | 429,917   |   |
|-------------|--------|--------|-----------|--------|
| 2012        |   |   | 264,322   |   |
| 2013        |   |   | 245,582   |   |
| 2014        |   |   | 217,313   |   |
| 2015        |   |   | 83,575    |   |
| There after |   |   | 10,987    |   |
| Total       |   | $      | 1,251,696 |   |

----

| Cash acquired                       |   | $      | 1,513,636 |   |
|-------------------------------------|--------|--------|-----------|--------|
| Accounts receivable                 |   |   | 29,154    |   |
| Other assets                        |   |   | 11,779    |   |
| Property Plant & Equipment      |   |   | 29,019    |   |
| Identifiable Intangibles            |   |   | 805,626   |   |
| Goodwill                            |   |   | 3,812,004 |   |
| Total assets acquired               |   |   | 6,201,218 |   |
| Liabilities assumed                 |   |   |      |   |
| Accounts & Income Taxes payable |   |   | 230,107   |   |
| Deferred Tax Liability              |   |   | 201,406   |   |
| Other payable                       |   |   | 56,769    |   |
| Total                               |   | $      | 5,712,936 |   |

----

| Cash acquired                       |   | $      | 340,174   |   |
|-------------------------------------|--------|--------|-----------|--------|
| Accounts receivable                 |   |   | 21,450    |   |
| Other assets                        |   |   | 452,193   |   |
| Property Plant & Equipment      |   |   | 69,682    |   |
| Identifiable Intangibles            |   |   | 479,870   |   |
| Goodwill                            |   |   | 1,892,511 |   |
| Total assets acquired               |   |   | 3,255,880 |   |
| Liabilities assumed                 |   |   |      |   |
| Accounts & Income Taxes payable |   |   | 176,863   |   |
| Deferred Tax Liability              |   |   | 119,968   |   |
| Other payable                       |   |   | 29,534    |   |
| Total                               |   | $      | 2,929,515 |   |

| Cash acquired                       |   | $      | 532,349   |   |
|-------------------------------------|--------|--------|-----------|--------|
| Accounts receivable                 |   |   | 120,152   |   |
| Other assets                        |   |   | 208,771   |   |
| Property Plant & Equipment      |   |   | 49,637    |   |
| Identifiable Intangibles            |   |   | 696,858   |   |
| Goodwill                            |   |   | 3,320,700 |   |
| Total assets acquired               |   |   | 4,928,467 |   |
| Liabilities assumed                 |   |   |      |   |
| Accounts & Income Taxes payable |   |   | 232,188   |   |
| Deferred Tax Liability              |   |   | 174,215   |   |
| Other payable                       |   |   | 123,602   |   |
| Total                               |   | $      | 4,398,462 |   |

----

| Cash acquired                       |   | $      | 45,356    |   |
|-------------------------------------|--------|--------|-----------|--------|
| Accounts Receivable                 |   |   | 142,462   |   |
| Loans to Shareholder                |   |   | 1,075,504 |   |
| Property Plant & Equipment      |   |   | 773       |   |
| Goodwill                            |   |   | 764,895   |   |
| Total assets acquired               |   |   | 2,028,990 |   |
| Liabilities assumed                 |   |   |      |   |
| Accounts & Income Taxes payable |   |   | 131,875   |   |
| Other payable                       |   |   | 97,115    |   |
| Total                               |   | $      | 1,800,000 |   |

----

| Cash acquired                       |   | $      | 28,510    |   |
|-------------------------------------|--------|--------|-----------|--------|
| Accounts Receivable                 |   |   | 1,265,352 |   |
| Loans to shareholders               |   |   | 178,665   |   |
| Property Plant & Equipment      |   |   | 9,376     |   |
| Goodwill                            |   |   | 3,081,799 |   |
| Total assets acquired               |   |   | 4,563,702 |   |
| Liabilities assumed                 |   |   |      |   |
| Accounts & Income Taxes payable |   |   | 566,809   |   |
| Other payable                       |   |   | 76,893    |   |
| Total                               |   | $      | 3,920,000 |   |

----

| Cash acquired                       |   | $      | 423,292   |   |
|-------------------------------------|--------|--------|-----------|--------|
| Accounts Receivable                 |   |   | 2,204,094 |   |
| Loans Shareholders                  |   |   | 686,936   |   |
| Trade Deposits                      |   |   | 513,317   |   |
| Prepaid Expenses                    |   |   | 3,285     |   |
| Property Plant & Equipment      |   |   | 42,244    |   |
| Goodwill                            |   |   | 6,049,576 |   |
| Total assets acquired               |   |   | 9,922,744 |   |
| Liabilities assumed                 |   |   |      |   |
| Accounts & Income Taxes payable |   |   | 3,126,718 |   |
| Other payable                       |   |   | 296,026   |   |
| Total                               |   | $      | 6,500,000 |   |

----

|                           |   |   |      |   |     |   |             |      |   |         | Aggregate |   |
|--------------------------------|--------|--------|-----------|--------|----------|--------|------------------|-----------|--------|--------------|-----------|--------|
|                           |   |   |      |   | Exercise |   |             | Remaining |   |         | Intrinsic |   |
|                           |   | Total  |      |   | Price    |   |             | Life      |   |         | Value     |   |
|                           |   |   |      |   |     |   |             |      |   |         |      |   |
| Outstanding, December 31, 2009 |   |   | 1,603,888 |   |     | $      | 2.70–11.25 |      |   | 7.42-8.67yrs |      |   |   | - |   |
| Outstanding, March 31, 2010    |   |   | 1,600,588 |   |     | $      | -                |      |   |         | -         |   |   |   | - |   |

----

|                                              |   | Foreign CurrencyTranslationAdjustment |      |   | Accumulated OtherComprehensiveIncome |   |
|---------------------------------------------------|--------|--------------------------------------------|-----------|--------|-------------------------------------------|--------|
| Balance December 31, 2008                         |   | $                                          | 1,520,166 |   |                                      | $      | 1,520,166 |   |
| Changes for year ended December 31, 2009          |   |                                       | 124,967   |   |                                      |   | 124,967 |   |
| Balance December 31, 2009                         |   |                                       | 1,645,133 |   |                                      |   | 1,645,133 |   |
| Changes for the three months ended March 31, 2010 |   |                                       | (503,904  | )      |                                      |   | (503,904 | ) |
| Balance at March31, 2010 (Restated)               |   | $                                          | 1,141,229 |   |                                      | $      | 1,141,229 |   |

----

|                            |                                                                       | Air       |       |   | Hotel       |   |      | Packaged |   |   |       |   |   |   |      |
|---------------------------------|----------------------------------------------------------------------------|-----------|------------|--------|-------------|--------|-----------|----------|--------|--------|------------|--------|--------|--------|-----------|
|                            |                                                                       | Ticketing |       |   | Reservation |   |      | Tours    |   |   | Other      |   |   | Total  |      |
|                            | Three Months Ended March 31, 2010 (Restated) |      |
| Revenue, net                    |                                                                       | $         | 3,905,975  |   |        | $      | 3,030,106 |     |   | $      | 13,489,698 |   |   | $      | -         |   |   | $ | 20,425,779 |   |
| Cost of services                |                                                                       | $         | 1,367,871  |   |        | $      | 998,417   |     |   | $      | 11,803,197 |   |   | $      | -         |   |   | $ | 14,169,485 |   |
| Gross profit                    |                                                                       | $         | 2,538,104  |   |        | $      | 2,031,689 |     |   | $      | 1,686,501  |   |   | $      | -         |   |   | $ | 6,256,294 |   |
| Income from operations          |                                                                       | $         | 1,768,126  |   |        | $      | 1,994,178 |     |   | $      | 1,535,358  |   |   | $      | (607,355  | ) |   | $ | 4,690,307 |   |
| Depreciation & Amortization |                                                                       | $         | 297,846    |   |        | $      | 439       |     |   | $      | 2,819      |   |   | $      |      |   |   | $ | 301,104 |   |
| Asset expenditures              |                                                                       | $         | 608,210    |   |        | $      | -         |     |   | $      | 11,406     |   |   | $      | -         |   |   | $ | 619,616 |   |
| Total assets                    |                                                                       | $         | 61,797,751 |   |        | $      | 6,065,249 |     |   | $      | 23,590,476 |   |   | $      | 5,024,091 |   |   | $ | 96,477,567 |   |
|                            | Three Months Ended March 31, 2009                                          |      |
| Revenue, net                    |                                                                       | $         | 2,751,128  |   |        | $      | 2,516,831 |     |   | $      | 10,154,034 |   |   | $      | -         |   |   | $ | 15,421,993 |   |
| Cost of services                |                                                                       | $         | 869,988    |   |        | $      | 773,463   |     |   | $      | 8,662,601  |   |   | $      | -         |   |   | $ | 10,306,052 |   |
| Gross profit                    |                                                                       | $         | 1,881,140  |   |        | $      | 1,743,368 |     |   | $      | 1,491,433  |   |   | $      | -         |   |   | $ | 5,115,941 |   |
| Income from operations          |                                                                       | $         | 1,574,790  |   |        | $      | 1,699,296 |     |   | $      | 1,385,861  |   |   | $      | (420,935  | ) |   | $ | 4,239,012 |   |
| Depreciation & Amortization |                                                                       | $         | 79,629     |   |        | $      | 1,061     |     |   | $      | 3,966      |   |   | $      | -         |   |   | $ | 84,656 |   |
| Asset expenditures              |                                                                       | $         | 1,260,398  |   |        | $      | -         |     |   | $      | -          |   |   | $      | -         |   |   | $ | 1,260,398 |   |
| Total assets                    |                                                                       | $         | 28,210,039 |   |        | $      | 8,294,048 |     |   | $      | 10,547,861 |   |   | $      | 2,933,005 |   |   | $ | 49,984,953 |   |

|   | · | Reclassified cash restricted by local travel bureau from cash and cash equivalent to restricted cash; |
|--------|--------|-------------------------------------------------------------------------------------------------------|

|   | · | Restated goodwill, intangible assets, deferred tax liabilities, and retained earnings due to an inconsistency between the acquisition dates of three new subsidiaries per the Company's 8-K filings and the reported periods of profit and loss statements included in the consolidated financial statements of the company; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Reclassified business tax and levies from selling expenses and COGS to revenues; |
|--------|--------|----------------------------------------------------------------------------------|

|   | · | Reclassified commission paid to retail air ticketing agencies from selling expenses to COGS; |
|--------|--------|----------------------------------------------------------------------------------------------|

|   | · | Restated overstated net income $543,406, revenues $5,704,228, and expenses due to an inconsistency between the acquisition dates of three new subsidiaries per the Company's 8-K filings and the reported periods of profit and loss statements included in the consolidated financial statements of the company ; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Restated overstated retained earnings $543,406 due to an inconsistency between the acquisition dates of three new subsidiaries per the Company's 8-K filings and the reported periods of profit and loss statements included in the consolidated financial statements of the company; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | As a result of above reclassifications and restatement, the corresponding line items on the consolidated statements of cash flows have been restated. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | · | Reclassified the revenue and cost of services of hotel reservation business in Huangshan Holiday Travel Service Co., Ltd from packaged tours segment to hotel reservation segment. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Reclassified the revenue and cost of services of packaged tours business in Chongqing Travel World E-Business Co., Ltd from air ticketing segment to packaged tours segment. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                                                                                |   | As of March 31, 2010 |       |   |                       |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------|------------|--------|----------------------------|--------|
|                                                                                                                                                                |   | As restated                         |       |   | As previouslyreported |   |   | ChangesInc/(Dec) |   |
| ASSETS                                                                                                                                                              |   |                                     |       |   |                       |   |   |   |   |
| Cash and cash equivalents                                                                                                                                           |   | $                                        | 37,660,201 |   |                       | $      | 37,833,072 |   |   | $ | (172,871 | ) |
| Restricted cash                                                                                                                                                     |   |                                     | 172,871    |   |                       |   | - |   |   |   | 172,871 |   |
| Accounts receivable, net                                                                                                                                            |   |                                     | 18,832,395 |   |                       |   | 18,832,395 |   |   |   | - |   |
| Other receivables and deposits, net                                                                                                                                 |   |                                     | 1,282,919  |   |                       |   | 1,282,919 |   |   |   | - |   |
| Trade deposit                                                                                                                                                       |   |                                     | 10,580,801 |   |                       |   | 10,580,801 |   |   |   | - |   |
| Advances                                                                                                                                                            |   |                                     | 439,504    |   |                       |   | 439,504 |   |   |   | - |   |
| Prepaid expenses                                                                                                                                                    |   |                                     | 49,076     |   |                       |   | 49,076 |   |   |   | - |   |
| Note receivable                                                                                                                                                     |   |                                     | 738,457    |   |                       |   | 738,457 |   |   |   | - |   |
| Total Current Assets                                                                                                                                                |   |                                     | 69,756,224 |   |                       |   | 69,756,224 |   |   |   | - |   |
|                                                                                                                                                                |   |                                     |       |   |                       |   |   |   |   |   |   |   |
| Property, plant & equipment, net                                                                                                                                |   |                                     | 5,465,481  |   |                       |   | 5,465,481 |   |   |   | - |   |
| Intangible assets                                                                                                                                                   |   |                                     | 2,334,377  |   |                       |   | 2,235,259 |   |   |   | 99,118 |   |
| Goodwill                                                                                                                                                            |   |                                     | 18,921,485 |   |                       |   | 19,155,866 |   |   |   | (234,381 | ) |
| Total Noncurrent Assets                                                                                                                                             |   |                                     | 26,721,343 |   |                       |   | 26,856,606 |   |   |   | (135,263 | ) |
| Total Assets                                                                                                                                                        |   | $                                        | 96,477,567 |   |                       | $      | 96,612,830 |   |   | $ | (135,263 | ) |
|                                                                                                                                                                |   |                                     |       |   |                       |   |   |   |   |   |   |   |
|  LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                                          |   |                                     |       |   |                       |   |   |   |   |   |   |   |
| Current Liabilities                                                                                                                                                 |   |                                     |       |   |                       |   |   |   |   |   |   |   |
| Accounts payable and accrued expenses                                                                                                                               |   | $                                        | 8,187,468  |   |                       | $      | 8,187,468 |   |   | $ | - |   |
| Customer deposits                                                                                                                                                   |   |                                     | 1,555,445  |   |                       |   | 1,555,445 |   |   |   | - |   |
| Income tax payable                                                                                                                                                  |   |                                     | 1,299,373  |   |                       |   | 1,299,373 |   |   |   | - |   |
| Total Current Liabilities                                                                                                                                           |   |                                     | 11,042,286 |   |                       |   | 11,042,286 |   |   |   | - |   |
| Derivative liability                                                                                                                                                |   |                                     | 1,705,868  |   |                       |   | 1,705,868 |   |   |   | - |   |
| Deferred tax liabilities                                                                                                                                            |   |                                     | 495,589    |   |                       |   | - |   |   |   | 495,589 |   |
| Total Liabilities                                                                                                                                                   |   |                                     | 13,243,743 |   |                       |   | 12,748,154 |   |   |   | 495,589 |   |
|                                                                                                                                                                |   |                                     |       |   |                       |   |   |   |   |   |   |   |
| Stockholders' Equity                                                                                                                                                |   |                                     |       |   |                       |   |   |   |   |   |   |   |
| Common stock, $.001 par value, 70,000,000 shares authorized, 16,930,218 and 16,714,457 issued and outstanding at March 31, 2010 and December 31, 2009, respectively |   |                                     | 16,929     |   |                       |   | 16,929 |   |   |   | - |   |
| Additional paid in capital                                                                                                                                          |   |                                     | 40,043,651 |   |                       |   | 40,043,651 |   |   |   | - |   |
| Other comprehensive income                                                                                                                                          |   |                                     | 1,141,229  |   |                       |   | 1,228,675 |   |   |   | (87,446 | ) |
| Statutory reserve                                                                                                                                                   |   |                                     | 570,329    |   |                       |   | 570,329 |   |   |   | - |   |
| Retained earnings                                                                                                                                                   |   |                                     | 41,461,686 |   |                       |   | 42,005,092 |   |   |   | (543,406 | ) |
| Total Stockholders' Equity                                                                                                                                          |   |                                     | 83,233,824 |   |                       |   | 83,864,676 |   |   |   | (630,852 | ) |
| Total Liabilities and Stockholders' Equity                                                                                                                          |   | $                                        | 96,477,567 |   |                       | $      | 96,612,830 |   |   | $ | (135,263 | ) |

----

|                                                   |   | For the three months ended March 31,2010 |       |   |                       |   |
|--------------------------------------------------------|--------|------------------------------------------------------------------------|------------|--------|----------------------------|--------|
|                                                   |   | As restated                                                       |       |   | As previouslyreported |   |   | ChangesInc/(Dec) |   |
|                                                   |   |                                                                   |       |   |                       |   |   |   |   |
| Gross revenues,                                        |   | $                                                                      | 20,425,779 |   |                       | $      | 26,130,007 |   |   | $ | (5,704,228 | ) |
| Cost of services                                       |   |                                                                   | 14,169,485 |   |                       |   | 17,628,033 |   |   |   | (3,458,548 | ) |
| Gross Profit                                           |   |                                                                   | 6,256,294  |   |                       |   | 8,501,974 |   |   |   | (2,245,680 | ) |
|                                                   |   |                                                                   |       |   |                       |   |   |   |   |   |   |   |
| Selling, general and administrative expenses           |   |                                                                   | 1,565,987  |   |                       |   | 3,063,641 |   |   |   | (1,497,654 | ) |
|                                                   |   |                                                                   |       |   |                       |   |   |   |   |   |   |   |
| Income from operations                                 |   |                                                                   | 4,690,307  |   |                       |   | 5,438,333 |   |   |   | (748,026 | ) |
|                                                   |   |                                                                   |       |   |                       |   |   |   |   |   |   |   |
| Other income (expense)                                 |   |                                                                   |       |   |                       |   |   |   |   |   |   |   |
| Other income                                           |   |                                                                   | 3,554      |   |                       |   | 3,554 |   |   |   | - |   |
| Gain on change in fair value of derivative liabilities |   |                                                                   | 109,451    |   |                       |   | 109,451 |   |   |   | - |   |
| Interest income                                        |   |                                                                   | 22,189     |   |                       |   | 23,631 |   |   |   | (1,442 | ) |
| Total other income                                     |   |                                                                   | 135,194    |   |                       |   | 136,636 |   |   |   | (1,442 | ) |
| Income before income taxes - continuing operation      |   |                                                                   | 4,825,501  |   |                       |   | 5,574,969 |   |   |   | (749,468 | ) |
|                                                   |   |                                                                   |       |   |                       |   |   |   |   |   |   |   |
| Provision for income taxes                             |   |                                                                   | 1,279,066  |   |                       |   | 1,485,128 |   |   |   | (206,062 | ) |
|                                                   |   |                                                                   |       |   |                       |   |   |   |   |   |   |   |
| Net Income                                             |   | $                                                                      | 3,546,435  |   |                       | $      | 4,089,841 |   |   | $ | (543,406 | ) |
|                                                   |   |                                                                   |       |   |                       |   |   |   |   |   |   |   |
| Net income per common share                            |   |                                                                   |       |   |                       |   |   |   |   |   |   |   |
| Basic                                                  |   | $                                                                      | 0.21       |   |                       | $      | 0.24 |   |   | $ | (0.03 | ) |
| Diluted                                                |   | $                                                                      | 0.20       |   |                       | $      | 0.23 |   |   | $ | (0.03 | ) |
|                                                   |   |                                                                   |       |   |                       |   |   |   |   |   |   |   |
| Weighted average common shares outstanding             |   |                                                                   |       |   |                       |   |   |   |   |   |   |   |
| Basic                                                  |   |                                                                   | 16,822,339 |   |                       |   | 16,822,339 |   |   |   | - |   |
| Diluted                                                |   |                                                                   | 18,019,257 |   |                       |   | 18,019,257 |   |   |   | - |   |
|                                                   |   |                                                                   |       |   |                       |   |   |   |   |   |   |   |
| Net income                                             |   | $                                                                      | 3,546,435  |   |                       | $      | 4,089,841 |   |   | $ | (543,406 | ) |
| Translation                                            |   |                                                                   | (503,904   | )      |                       |   | (416,458 | ) |   |   | (87,446 | ) |
| Comprehensive income                                   |   | $                                                                      | 3,042,531  |   |                       | $      | 3,673,383 |   |   | $ | (630,852 | ) |

|                                   | As of March 31, 2010 |   |                             | Changes |   |
|----------------------------------------|------------------------------------------|--------|----------------------------------|---------|--------|
|                                   | As restated                         |   | As previously reported |    |   | Inc/(Dec) |   |
| Retained earrings                      |                                     | $      | 41,461,686                       |    |   | $ | 42,005,092 |   |   | $ | (543,406 | ) |
| Accumulated other comprehensive income |                                     |   | 1,141,229                        |    |   |   | 1,228,675 |   |   |   | (87,446 | ) |
| Total stock holders' equity            |                                     | $      | 83,233,824                       |    |   | $ | 83,864,676 |   |   | $ | (630,852 | ) |

----

|                                                         |   | For the three months ended March31, 2010 |       |   |                   |   |
|--------------------------------------------------------------|--------|------------------------------------------------------------------------|------------|--------|------------------------|--------|
|                                                         |   | As restated                                                            |       |   | As previously reported |   |   | ChangesInc/(Dec) |   |
| CASH FLOWS FROM OPERATING ACTIVITIES                         |   |                                                                   |       |   |                   |   |   |   |   |
| Net income                                                   |   | $                                                                      | 3,546,435  |   |                   | $      | 4,089,841 |   |   | $ | (543,406 | ) |
| Add (deduct):                                                |   |                                                                   |       |   |                   |   |   |   |   |   |   |   |
| Adjustments to reconcile net income to net cash              |   |                                                                   |       |   |                   |   |   |   |   |   |   |   |
| provided by operating activities:                            |   |                                                                   |       |   |                   |   |   |   |   |   |   |   |
| Depreciation and amortization                                |   |                                                                   | 301,104    |   |                   |   | 411,849 |   |   |   | (110,745 | ) |
| Provision for doubtful accounts                              |   |                                                                   | 24,931     |   |                   |   | 24,931 |   |   |   | - |   |
| Stock based compensation                                     |   |                                                                   | 336,632    |   |                   |   | 336,632 |   |   |   | - |   |
| Gain on change in fair value of derivative liabilities       |   |                                                                   | (109,451   | )      |                   |   | (109,451 | ) |   |   | - |   |
| (Increase) / decrease in assets:                             |   |                                                                   |       |   |                   |   |   |   |   |   |   |   |
| Restricted cash                                              |   |                                                                   | (70,190    | )      |                   |   | - |   |   |   | (70,190 | ) |
| Accounts receivable                                          |   |                                                                   | (1,365,395 | )      |                   |   | (1,132,812 | ) |   |   | (232,583 | ) |
| Other receivable                                             |   |                                                                   | (392,698   | )      |                   |   | (195,058 | ) |   |   | (197,640 | ) |
| Advances                                                     |   |                                                                   | 559        |   |                   |   | 559 |   |   |   | - |   |
| Prepaid expenses                                             |   |                                                                   | 199,876    |   |                   |   | 213,586 |   |   |   | (13,710 | ) |
| Trade deposits                                               |   |                                                                   | (796,862   | )      |                   |   | (805,066 | ) |   |   | 8,204 |   |
| Increase / (decrease) in current liabilities:                |   |                                                                   |       |   |                   |   |   |   |   |   |   |   |
| Accounts payable and accrued expenses                        |   |                                                                   | 5,167,468  |   |                   |   | 5,238,163 |   |   |   | (70,695 | ) |
| Customer deposits                                            |   |                                                                   | (456,392   | )      |                   |   | (444,672 | ) |   |   | (11,720 | ) |
| Income tax payable                                           |   |                                                                   | (589,990   | )      |                   |   | (869,498 | ) |   |   | 279,508 |   |
| Deferred tax liabilities                                     |   |                                                                   | 495,589    |   |                   |   | - |   |   |   | 495,589 |   |
| Net cash provided by operating activities                    |   |                                                                   | 6,291,615  |   |                   |   | 6,759,004 |   |   |   | (467,389 | ) |
|                                                         |   |                                                                   |       |   |                   |   |   |   |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES                         |   |                                                                   |       |   |                   |   |   |   |   |   |   |   |
| Purchase of property & equipment                         |   |                                                                   | (619,616   | )      |                   |   | (619,616 | ) |   |   | - |   |
| Purchase of intangibles                                      |   |                                                                   | (29,298    | )      |                   |   | (29,298 | ) |   |   | - |   |
| Proceeds from collection of notes                            |   |                                                                   | 972,935    |   |                   |   | 972,935 |   |   |   | - |   |
| Acquisition deposits                                         |   |                                                                   | 4,077,921  |   |                   |   | 4,077,921 |   |   |   | - |   |
| Paid for acquisition – net of cash acquired            |   |                                                                   | (9,354,457 | )      |                   |   | (9,588,838 | ) |   |   | 234,381 |   |
| Net cash (used in) provided by continuing operations         |   |                                                                   | (4,952,515 | )      |                   |   | (5,186,896 | ) |   |   | 234,381 |   |
|                                                         |   |                                                                   |       |   |                   |   |   |   |   |   |   |   |
| Effect of exchange rate changes on cash and cash equivalents |   |                                                                   | (253,640   | )      |                   |   | (416,458 | ) |   |   | 162,818 |   |
| Net change in cash and cash equivalents                      |   |                                                                   | 1,085,460  |   |                   |   | 1,155,650 |   |   |   | (70,190 | ) |
| Cash and cash equivalents, beginning balance                 |   |                                                                   | 36,574,741 |   |                   |   | 36,677,422 |   |   |   | - |   |
| Cash and cash equivalents, ending balance                    |   | $                                                                      | 37,660,201 |   |                   | $      | 37,833,072 |   |   | $ | (172,871 | ) |
|                                                         |   |                                                                   |       |   |                   |   |   |   |   |   |   |   |
| SUPPLEMENTAL DISCLOSURES:                                    |   |                                                                   |       |   |                   |   |   |   |   |   |   |   |
| Cash paid during the year for:                               |   |                                                                   |       |   |                   |   |   |   |   |   |   |   |
| Interest payments                                            |   | $                                                                      | -          |   |                   | $      | - |   |   | $ | - |   |
| Income taxes                                                 |   | $                                                                      | 1,354,660  |   |                   | $      | 1,840,230 |   |   | $ | (485,570 | ) |
| Other non-cash transactions                                  |   |                                                                   |       |   |                   |   |   |   |   |   |   |   |
| Purchased goodwill                                           |   | $                                                                      | (9,025,215 | )      |                   | $      | (9,259,596 | ) |   | $ | 234,381 |   |
| Purchased intangible assets                                  |   |                                                                   | (1,982,354 | )      |                   |   | (1,982,354 | ) |   |   | - |   |
| Fair value of assets purchased less cash acquired            |   |                                                                   | (382,477   | )      |                   |   | (382,477 | ) |   |   | - |   |
| Acquisition financed with stock issuance                     |   |                                                                   | 2,035,589  |   |                   |   | 2,035,589 |   |   |   | - |   |
| Acquisition paid for with cash – net of acquired       |   | $                                                                      | (9,354,457 | )      |                   | $      | (9,588,838 | ) |   | $ | 234,381 |   |

----

----

----

|                                                   |   | Three months endedMarch 31, 2010 |        |   | Three months ended |   |        | Increase / |   |   |       |   |
|--------------------------------------------------------|--------|------------------------------------------------------|-------------|--------|------------------------------|--------|-------------|-----------------|--------|--------|------------|--------|
|                                                   |   | (Restated)                                           |        |   | March 31, 2009     |   |        | (Decrease)      |   |   | Percentage |   |
| Revenues                                               |   | $                                                    | 20,425,779  |   |                         | $      | 15,421,993  |            |   | $      | 5,003,786  |   |   |   | 32.45 | % |
| Cost of Services                                       |   |                                                 | (14,169,485 | )      |                         |   | (10,306,052 | )               |   |   | (3,863,433 | )      |   |   | 37.49 | % |
| Gross Profit                                           |   |                                                 | 6,256,294   |   |                         |   | 5,115,941   |            |   |   | 1,140,353  |   |   |   | 22.29 | % |
| SG&A                                               |   |                                                 | (1,565,987  | )      |                         |   | (876,929    | )               |   |   | (689,058   | )      |   |   | 78.58 | % |
| Income from Operations                                 |   |                                                 | 4,690,307   |   |                         |   | 4,239,012   |            |   |   | 451,295    |   |   |   | 10.65 | % |
| Other income                                           |   |                                                 | 3,554       |   |                         |   | 3,828       |            |   |   | (274       | )      |   |   | -7.16 | % |
| Gain on change in fair value of derivative liabilities |   |                                                 | 109,451     |   |                         |   | 113,265     |            |   |   | (3,814     | )      |   |   | -3.37 | % |
| Interest income                                        |   |                                                 | 22,189      |   |                         |   | 10,939      |            |   |   | 11,250     |   |   |   | 102.84 | % |
| Income before income taxes                             |   |                                                 | 4,825,501   |   |                         |   | 4,367,044   |            |   |   | 458,457    |   |   |   | 10.50 | % |
| Provision for income taxes                             |   |                                                 | (1,279,066  | )      |                         |   | (1,117,196  | )               |   |   | (161,870   | )      |   |   | 14.49 | % |
| Net Income                                             |   |                                                 | 3,546,435   |   |                         |   | 3,249,848   |            |   |   | 296,587    |   |   |   | 9.13 | % |
|                                                   |   |                                                 |        |   |                         |   |        |            |   |   |       |   |   |   |   |   |
| Net income (loss) from discontinued operation          |   |                                                 | -           |   |                         |   | 131,693     |            |   |   | (131,693   | )      |   |   | -100.00 | % |
| Net Income                                             |   |                                                 | 3,546,435   |   |                         |   | 3,381,541   |            |   |   | 164,894    |   |   |   | 4.88 | % |

|                               |   |      |       |   |        |   |   |        |   |   |        |   |   |     |   |   |        |   |        |   |   |
|------------------------------------|--------|-----------|------------|--------|-------------|--------|--------|-------------|--------|--------|-------------|--------|--------|----------|--------|--------|-------------|--------|-------------|--------|--------|
|                               |   | Air       |       |   | (%) of |   |   | Hotel       |   |   | (%) of |   |   | Packaged |   |   | (%) of |   |        |   |   |
| Revenue Segment               |   | Ticketing |       |   | sector      |   |   | Reservation |   |   | sector      |   |   | Tours    |   |   | sector      |   |        | Total  |   |
| Revenue                            |   | $         | 3,905,975  |   |        |   | 19.12  | %           |   | $      | 3,030,106   |   |   |     | 14.83  | %      |        | $      | 13,489,698  |   |   |   | 66.04 | % |   | $ | 20,425,779 |   |
| Cost of Services                   |   |      | (1,367,871 | )      |        |   | 9.65   | %           |   |   | (998,417    | )      |   |     | 7.05   | %      |        |   | (11,803,197 | )      |   |   | 83.30 | % |   |   | (14,169,485 | ) |
| Gross Profit                       |   | $         | 2,538,104  |   |        |   | 40.57  | %           |   | $      | 2,031,689   |   |   |     | 32.47  | %      |        | $      | 1,686,501   |   |   |   | 26.96 | % |   | $ | 6,256,294 |   |
| Gross Margin                       |   |      | 64.98      | %      |        |   |   |        |   |   | 67.05       | %      |   |     |   |   |        |   | 12.50       | %      |   |   |   |   |   |   | 30.63 | % |
| Segment effect in Gross Margin (*) |   |      | 12.43      | %      |        |   |   |        |   |   | 9.95        | %      |   |     |   |   |        |   | 8.26        | %      |   |   |   |   |   |   | 30.63 | % |

----

|                               |   |      |      |   |        |   |   |        |   |   |        |   |   |     |   |   |        |   |       |   |   |
|------------------------------------|--------|-----------|-----------|--------|-------------|--------|--------|-------------|--------|--------|-------------|--------|--------|----------|--------|--------|-------------|--------|------------|--------|--------|
|                               |   | Air       |      |   | (%) of |   |   | Hotel       |   |   | (%) of |   |   | Packaged |   |   | (%) of |   |       |   |   |
| Revenue Segment               |   | Ticketing |      |   | sector      |   |   | Reservation |   |   | sector      |   |   | Tours    |   |   | sector      |   |       | Total  |   |
| Revenue                            |   | $         | 2,751,128 |   |        |   | 17.84  | %           |   |   | 2,516,831   |   |   |     | 16.32  | %      |        |   | 10,154,034 |   |   |   | 65.84 | % |   |   | 15,421,993 |   |
| Cost of Services                   |   |      | (869,988  | )      |        |   | 8.44   | %           |   |   | (773,463    | )      |   |     | 7.50   | %      |        |   | (8,662,601 | )      |   |   | 84.05 | % |   |   | (10,306,052 | ) |
| Gross Profit                       |   | $         | 1,881,140 |   |        |   | 36.77  | %           |   |   | 1,743,368   |   |   |     | 34.08  | %      |        |   | 1,491,433  |   |   |   | 29.15 | % |   |   | 5,115,941 |   |
| Gross Margin                       |   |      | 68.38     | %      |        |   |   |        |   |   | 69.27       | %      |   |     |   |   |        |   | 14.69      | %      |   |   |   |   |   |   | 33.17 | % |
| Segment effect in Gross Margin (*) |   |      | 12.20     | %      |        |   |   |        |   |   | 11.30       | %      |   |     |   |   |        |   | 9.67       | %      |   |   |   |   |   |   | 33.17 | % |

----

----

|                                      |   | For the three months ended March 31, |      |
|-------------------------------------------|--------|--------------------------------------------------------------------|-----------|
|                                      |   | 2010(Restated)                                                     |      |   | 2009 |   |
|                                      |   |                                                               |      |   |   |   |
| Salary and commission                     |   | $                                                                  | 316,000   |   |   | $ | 144,740 |   |
| Marketing                                 |   |                                                               | 71,242    |   |   |   | 38,347 |   |
| Rent                                      |   |                                                               | 80,584    |   |   |   | 38,520 |   |
| Depreciation and amortization             |   |                                                               | 232,562   |   |   |   | 8,419 |   |
| Professional fees                         |   |                                                               | 265,005   |   |   |   | 255,934 |   |
| Stock-based compensation                  |   |                                                               | 336,632   |   |   |   | 165,001 |   |
| Other general and administrative expenses |   |                                                               | 263,962   |   |   |   | 225,968 |   |
| Total                                     |   | $                                                                  | 1,565,987 |   |   | $ | 876,929 |   |

----

----

----

| Exhibit No. |         | SEC Ref.No. |         | Title of Document                                                                                                                                      |
|------------------|--------------|------------------|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|
|             |         |             |         |                                                                                                                                                   |
| 1                |         | 31.1             |         | Certification of the Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                             |
|             |         |             |         |                                                                                                                                                   |
| 2.               |         | 31.2             |         | Certification of the Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                             |
|             |         |             |         |                                                                                                                                                   |
| 3                |         | 32.1             |         | Certification of the Principal Executive Officer pursuant to U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002* |
|             |         |             |         |                                                                                                                                                   |
| 4                |    | 32.2             |    | Certification of the Principal Financial Officer pursuant to U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002* |

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|   | UNIVERSAL TRAVEL GROUP                 |
|--------|----------------------------------------|
|   |                                   |
|   | By:                               | /s/ Jiangping Jiang |
|   | Jiangping Jiang                        |
|   | Chairwoman and Chief Executive Officer |
|   |  (Principal Executive Officer)    |

|   | By:                      | /s/ Jing Xie |
|--------|-------------------------------|--------------|
|   | Jing Xie                      |
|   | Chief Financial Officer       |
|   | (Principal Financial Officer) |

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