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Inside Breaking News For Investors Released..
CHINA WORLD TRADE CORP IS ON THE RUN AGAIN.
Current Price : 2.28
CWTD***CWTD***CWTD***CWTD
Ready to Run
Is This One Ready to Explode Higher Move?
How Will it React To This News Being Released?
Good Luck and Successful Trading..
CWTD News is out, stock is going to rock, Company has already
facilitated the m0ney it need's to continue it's rapid growth
CURRENT PRICE 2.28
Projection 5 to 7 Days 4.50 - 5.00
Projection 8 to 12 Days 6.00 - 8.00
China World Trade Corporation Acquires Hotel Booking And Group Tour Travel Agency
Monday August, 8th 8:42 am ET
Company's Strategic Acquisition Further Positions Itself as a Leading Business Services Company in China
GUANGZHOU, China, Aug./Xinhua-PRNewswire/ -- China World Trade Corporation (OTC Bulletin Board: CWTD - News; ''CWTC'') announced today that its subsidiary Guangdong New Generation Commercial Management Co., Ltd (''New Generation''), entered into an agreement to acquire Guangdong Hao Shi Guang Travel Agency Limited (''Hao Shi Guang'') from Guangdong Rising Hotel Group Co., Ltd (''Guangdong Rising Group''). Under the agreement, New Generation will obtain a majority stake of up to 70% of Hao Shi Guang through a capital injection. The cooperation will also include a joint development of an interactive hotel booking system connecting Guangdong Rising Group hotel chains and integrating them into New Generation's current travel booking enterprise system which will further enhance its travel offerings to New Generation's customers.
''We are excited and confident that our cooperation with CWTC's travel subsidiary, New Generation will lead to future success in the continued development of our travel business in Southern China,'' said Mr. Bangfu He, President of Guangdong Rising Group, ''The Guangdong Rising Group runs a wide range of travel related services including hotel bookings, group travel services and ground transportation arrangements. This strategic acquisition will allow us to capture more of Southern China's travel market share by offering a broader range of services to our customers.''
!!!!!!!!!!!!!!We cant wait to see where this one goes.!!!!!!!!!!!!!!!!!!!!!!!!!
The Hong Kong subsidiaries incurred losses for taxation purposes for the period and thus Hong Kong Profits Tax has not been provided.
Of the $1,913,000 revenue in the three-month period ended March 31, 2005, approximately $335,000 (17.5%) was generated from providing club related services by Guangzhou World Trade Center Club and Beijing World Trade Center Club, $1,015,000 (53.1%) from business travel services resulting from the acquisition of the New Generation Group, $292,000 (15.3%) from business value-added services, and the remaining $271,000 (or 14.1%) from other (rental and trading) businesses. The acquisition of New Generation and the continuous development of our business value-added services will contribute positively to our operating revenue. In general, our cost of sales is generally positively related to our operating revenue, i.e., the higher the operating revenue, the higher the cost of sales and vice versa.
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