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China World Trade Corporation Establishes International Business Center To Further Enhance Business Services Division
GUANGZHOU, China, July 11 /Xinhua-PRNewswire-FirstCall/ -- China World Trade Corporation (BULLETIN BOARD: CWTD) announced today that the International Business Center (IBC) has commenced operations on July 1 which will support the international communication needed between the company's corporate clients and members. Additionally, IBC will assist in serving China World Trade Corporation's premier club members with business travel and other various corporate services. IBC aims to build up a strong platform and play an important role in integrating the business resources of the company's CEO Clubs and World Trade Center Clubs and to utilize New Generation's extensive travel network and operating system. IBC will also help China World Trade Corporation enhance services available to the company's clients with more comprehensive products such as the arrangement of international business tours, destination intelligence, immigration, and overseas investment consulting services.
"IBC is a bridge linking China World Trade and CEO Clubs to penetrate the business services market in China," said Mr. William Tsang, President and Chairman of China World Trade Corporation. "We are confident that we will become one of the pioneers in the business services industry in China. We expect IBC to generate a new stream of revenue, from the amalgamation of our tailor-made services in areas such as business consulting, immigration and investments for our premium clients."
About China World Trade Corporation
China World Trade Corporation (CWTC) has established its business in three distinct areas: the club and business centers throughout major cities in China, business travel-related services, and business value-added services. The Club and Business Center Division is devoted to the building of the World Trade brand throughout China via the opening and operating of business clubs in China's major, positioning the CWTC to act as a platform to facilitate trade between China and the world markets. The acquisition of CEO Clubs China Limited ("CEO Clubs") in May 2004 further complements CWTC's offerings by targeting high-level corporate executives from premier companies. The Business Traveling Services Division, New Generation, provides CWTC access to the rapidly growing travel-related industry. New Generation is a pioneer and market leader in the travel agency business through its strong network of ticketing sales operations throughout Southern China. The Business Value-Added Services Division focuses on value-added services of credit cards, merchant- related business services, as well as consultancy services to CWTC members and clients. Guangdong World Trade Link Information Services Limited ("WTC Link"), a subsidiary of CWTC, manages the Company's co-branded credit card project and is an active provider of CRM solutions and services in China.
SAFE HARBOR
Information in this news release or on this website may contain statements about future expectations, plans, prospects or performance of China World Trade Corp that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. China World Trade Corp cautions you that any forward-looking information provided by or on behalf of China World Trade Corp is not a guarantee of future performance. None of the information on this website constitutes an offer to sell securities or investment advice of any kind, and visitors should not base their investment decisions on information contained in this website. China World Trade Corp's actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond China World Trade Corp's control. In addition to those discussed in China World Trade Corp's press releases, public filings, and statements by China World Trade Corp's management, including, but not limited to, China World Trade Corp's estimate of the sufficiency of its existing capital resources, China World Trade Corp's ability to raise additional capital to fund future operations, China World Trade Corp's ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match China World Trade Corp's capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. China World Trade Corp does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
China World Trade Corporation
CONTACT: John Hui of China World Trade Corporation,johnhui@chinawtc.com
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