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ALERT:
Strong Buy/Watch
Issued
on CWTD
***Braking End of Market NEWS ANNOUNCEMENT***
**Wednesday May 19, 6:14 pm ET **
| CHINA
WORLD TRADE CORP. Symbol: CWTD OTC.BB Price $3.15 Significant Revenue Growth in 2004 Rating: Strong Buy |
BRAKING NEWS; China World Trade Corp. Signs Agreement with Huahao Group to Acquire 51% of It's Operating Arm, New Generation Group. |
Read Below
for more information or
CLICK HERE for full News Release
This STOCK has ran to over $9.00 in the previous months and with all the recent activity along with future talks of China World making AMEX listing would make this a great time to take a closer look at the company; CWTD.
*Recent Company News
TIANHE, GUANGZHOU, CHINA--(MARKET WIRE)--May 19, 2004 -- China World Trade Corp is pleased to announce that it has signed an agreement with Huahao group to acquire 51% of its operating arm, New Generation Group. Total consideration for the transaction is $11,475,000, about 70% payable in stock and the balance to be paid in cash. The audit of Huahao is scheduled to be complete before July 15, 2004. It is expected that CWTD will consolidate the revenue of New Generation Group once the transaction has closed. The transaction is expected to close on or before July 30, 2004.
The New Generation Group agreement marks another key component in the China World Trade Corporation's strategy to have the capability to provide to their "members" a more comprehensive value-added service -- all the members can book & arrange all of their travel needs through the New Generation Group.
Of equal importance, New Generation Group recently deployed a toll-free number, which is very rare for China. While there were nearly 80 million Internet users in China at the end of 2003, there were over 250 million mobile phone users and hundreds of millions of more landlines. As a result, it is believed the phone is likely to remain the primary tool that Chinese businessmen and consumers use to access information and make travel purchases for years to come -- especially last minute reservations!
About Huahao Group: Established in October 1997, Huahao is the pioneer and one of the market leaders in the travel agency businesses through the operations of its 10 subsidiaries in Southern China in ticketing sales for international and domestic flights as well as inbound business travel. The turnover of Huahao was approximately US$180 million in 2003 and is expected to reach US$250 million in 2004. Huahao has already acquired the necessary licenses to operate as a ticketing and travel agent in the PRC. These licenses include 26 licenses as a ticketing agent for international and domestic flights for both cargo and passengers issued by the Civil Aviation Administration of China ("CAAC") and the International Air Transport Association ("IATA"); and 3 licenses as a domestic and international travel agent issued by the Administrative Bureau of Tourism of China. Huahao has registered the trademark Network Travel Service (NTS) (or in Chinese "Zhong Heng Tian Di'' meaning "travel around the world'') for its brand name and logo in 36 out of 43 Recognized industries in China. In addition, Huahao has set up a call center to handle nationwide reservations. Customers are able to make reservations of hotel and air ticket simply by dialing 4008168168 anywhere in the nation.
About China World Trade Corp: China World Trade Corp. is
devoted to the building of World Trade brand in China. China World
Trade Corp. a listed company on the (OTC BB: CWTD) in the United
States. CWTC business objective is to open and operate business
clubs in the major cities of China in association with the World
Trade Center Association in order to position us as the platform to
facilitate trade between China and the world market. We currently
operate the Guangzhou World Trade Center Club consisting of over
4000 square meters. The Beijing World Trade Center Club, which is
located at 2nd Floor, Office Tower II, Landmark Towers Beijing, 8
North Dongsanhuan Road, Beijing PRC, and consisting of 730 square
meters. The China World Trade Corp executive office is located
at 4th Floor, Goldlion Digital Network Center, 138 Tiyu Road East,
Tianhe, Guangzhou, and the PRC 510620.
*Key Company Points
Here are a few simple reasons why one would own China World Trade Corp:
China World Trade Corp signs Agreement with Huahao Group to Acquire 51% 0f its operating arm, New generation group.
Total consideration for the transaction is $11,475,000,about 70% payable in STOCK and the balance in cash into the company.
The audit of Huahao is scheduled to be complete before July 15th 2005.
The transaction is expected to close on or before July 30,2004.
It is expected that CWTD will consolidate the revenue of New generation Group once the transaction has closed.
Projected Revenue for 2004 will be over USD 200 Million.
New Generation Group recently
deployed a nation wide toll free number in China:
4008168168,which is very rare for China. While there were nearly
80 million Internet users in china at the end of
2003. There were over 250 million mobile phone users
and hundreds of million of landlines. This is a one stop
service numbers for all Travel Services for inbound and outbound
services.
Disclaimer:
Information within this email contains "forward looking statements" within
the meaning of Section 27A of the Securities Act of 1933 and Section 21B of
the Securities Exchange Act of 1934. Any statements that express or involve
discussions with respect to predictions, goals, expectations, beliefs,
plans, projections, objectives, assumptions or future events or performance
are not statements of historical fact and may be "forward looking
statements."