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i've owned this one for about 2 years and now it is slowly creeping up strongly, almost unnoticed. Waiting for some good news and it should make a run
Todays News Release...
TEDA Travel Group Signs Cuisine Cooperation Agreement With Privileged Drunken Westlake Restaurant Group in China
Jun 15, 2005 11:10:00 AM
HONG KONG, June 15 /PRNewswire-FirstCall/ -- TEDA Travel Group, Inc. (OTC Bulletin Board: TTVL), announced today the its wholly owned subsidiary, TEDA Hotels Management Co. Ltd. has signed a cooperation agreement with the privilege Drunken Westlake Restaurant Group, Hangzhou, China.
Currently, the Company has installed T.G.I. Friday's, Harbour Restaurant Group and Golden Bowl Cantonese Cuisine in a number of hotels it manages. An addition of a well-known brand can further strengthen customer choice. Full service hotels in China normally provide 3-5 restaurants within their property. Although restaurant revenues do not constitute turnover or income under generally accepted accounting principles for the Company, the Company is able to share the gross operating profit (GOP) of the hotels it manages as part of the management fee income.
Marco Polo called Hangzhou the most enchanting city in the entire world, while Westlake is one of the most famous sites in the city. Hangzhou cuisine is currently one of the most popular and fashionable styles of cooking throughout China. A wealth of "Hangzhou" inspired restaurants have shot up throughout the country and the cuisine from this city has been elevated to a superior status. Some of the most famous dishes include Beggar's chicken (an entire chicken cooked in a ball of mud), West Lake fish (vinegar coated fish from the lake) and braised pork and stewed shelled shrimp cooked in Longjing tea.
Mr. Tim Gao, CEO of Hotel Operations, commented, "We are glad that Drunken Westlake Group has selected TEDA as its partner. It is important for our guests to have wider choices of superior cuisine in our 4-5 star full service hotels in China."
About TEDA Travel Group, Inc.:
TEDA Travel is a property management company providing services to hotels and resorts throughout China. The company is responsible for the supervision and day-to-day operations of the properties it manages. In addition to its property management division, TEDA Travel also has its own portfolio of real estate investments. Leveraged on its existing core businesses and the brand name "TEDA," one of most recognized names in China, TEDA Travel intends to become a market leader in the fast growing Chinese travel and real estate services industry.
About Tianjin Economic and Technological Development Area (TEDA):
Tianjin Economic and Technological Development Area (TEDA) is one of earliest approved and best state-level development zones in China. TEDA has now has a developed area of 33 square kilometers (approximately 20 square miles). TEDA is located to the southeast of Tianjin City, about 45 kilometers (27 miles) away from downtown and 140 kilometers (84 miles) from Beijing. TEDA enjoys easy access to North China, Northeast China and Northwest China.
Safe Harbor Statement:
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings.
For further information, contact: info@tedatravelgroup.com
SOURCE TEDA Travel Group, Inc.
WallSt.net Airing Exclusive Audio Interviews With TTVL, SFNL and PAAS
An In-Depth Article Based on a Recent Interview with NNI Is Also Available Now at www.wallst.net
Jun 7, 2005 7:00:00 AM
NEW YORK, June 7 /PRNewswire/ -- Godfrey Hui, CEO of TEDA Travel Group, Inc. (OTC Bulletin Board: TTVL) recently granted Wall Street Network an exclusive audio interview profiling the company. Interview highlights include detailed discussions on the following topics:
- recent acquisitions
- the booming travel industry in China, and the company's strategy to
capture market share in the hotel management and guest services niche
markets
- management bios
- financials
- industry trends supporting the company's prospects for long-term growth
- upcoming milestones
To hear the interview in its entirety and to read an in-depth report on the company, visit http://wallst.net/superstock/TTVL/ttvl.html .
Jeff Schultz, CEO of Secured Financial Network, Inc. (OTC Bulletin Board: SFNL) recently granted Wall Street Network an exclusive audio interview profiling the company. Interview highlights include discussions on the following topics:
- the company's innovative, nimble business model
- building shareholder value through short-term, high-return investments
- high-growth market opportunities
- opportunity financing
- timeline for achieving profitability
- upcoming milestones
To hear the interview in its entirety, and to read an in-depth report on the company, visit http://wallst.net/superstock/SFNL/sfnl.html .
Geoff Burns, CEO of Pan American Silver Corp. (Nasdaq: PAAS) recently granted Wall Street Network an exclusive audio interview profiling the company. Interview highlights include detailed discussions on the following topics:
- recent initiatives to stimulate silver demand
- offsetting higher energy and shipping costs
- having a tailwind in 2005
- quarterly highlights
- management bios
- upcoming milestones
Wall Street Network is also featuring an in-depth article based on a recent interview with Stephen Butterfield, Co-CEO of Nelnet, Inc. (NYSE: NNI) Topics covered in the article include:
- highlights from the company's annual shareholders meeting
- Nelnet's competitive advantages in the student loan marketplace
- Diversifying the company's revenue streams
- First quarter operational highlights
- Upcoming milestones
To hear the interviews in their entirety, visit www.wallst.net . The interviews can be accessed by locating the respective company's ticker symbol under the appropriate exchange on the left hand column of the homepage, or by entering the respective company's ticker symbol in the Audio Search window.
About Wall Street Network
Wall Street Network is owned and licensed by Wall Street Direct, Inc. All material herein was prepared by Digital Wall Street, Inc., a multimedia provider of original, insightful commentary and news from North America's leading publicly traded companies giving a direct link to the management of today's fastest-growing companies through encompassing executive interviews and sector seminars. The company provides a free service to consumers, and a paid, premium monthly subscription to its members. Digital Wall Street, Inc. has received one-million restricted shares of SFNL from the company for press and advertising services.. Wall Street Direct Inc. has received one-hundred- seventy-five thousand restricted shares of TTVL from the company for press and advertising services. For a complete list of our business relationships, visit www.wallst.net/disclaimer.asp .
Contact:
Nick Iyer
Digital Wall Street, Inc.
800-4-WALL-ST
SOURCE Wall Street Network
ouch stock went down on promotion???? Where can one enter this? I had buys out at 88 couldnt get filled
WallSt.net Airing Exclusive Audio Interviews With TTVL and NNI
Jun 1, 2005 7:00:00 AM
NEW YORK, June 1 /PRNewswire/ -- Godfrey Hui, CEO of TEDA Travel Group, Inc. (OTC Bulletin Board: TTVL) recently granted Wall Street Network an exclusive audio interview profiling the company. Interview highlights include detailed discussions on the following topics:
- recent acquisitions
- the booming travel industry in China, and the company's strategy to
capture market share in the underserved hotel management and guest
services niche markets
- management bios
- financials
- industry trends supporting the company's prospects for
long-term growth
- upcoming milestones
To hear the interview in its entirety and to read an in-depth report on the company, visit http://wallst.net/superstock/TTVL/ttvl.html
Stephen Butterfield, Co-CEO for Nelnet, Inc. (NYSE: NNI) recently granted Wall Street Network an exclusive audio interview profiling the company. Interview highlights include detailed discussions on the following topics:
- highlights from the company's annual shareholder meeting held on May 26
- Nelnet's competitive advantages in the student loan marketplace
- Diversifying streams of revenue
- First quarter operational and financial highlights
- Upcoming milestones for investors to watch for
To hear the interviews in their entirety, visit www.wallst.net . The interviews can be accessed by locating the respective company's ticker symbol under the exchange on which it trades on the left hand column of the homepage, or by entering the respective company's ticker symbol in the Audio Search window.
About Wall Street Network
Wall Street Network is owned and licensed by Wall Street Direct, Inc. All material herein was prepared by Digital Wall Street, Inc., a multimedia provider of original, insightful commentary and news from North America's leading publicly traded companies giving a direct link to the management of today's fastest-growing companies through encompassing executive interviews and sector seminars. The company provides a free service to consumers, and a paid, premium monthly subscription to its members. Wall Street Direct Inc. has received one-hundred-seventy-five thousand restricted shares of TTVL from the company for press and advertising services. For a complete list of our business relationships, visit www.wallst.net/disclaimer.asp .
Contact:
Nick Iyer
Digital Wall Street, Inc.
800-4-WALL-ST
SOURCE Wall Street Network
TEDA Travel Group Wins Two Major Hotel Management Deals in China
May 31, 2005 4:03:00 PM
HONG KONG, May 31 /PRNewswire-FirstCall/ -- TEDA Travel Group, Inc. (OTC Bulletin Board: TTVL), announced today that it has acquired the management rights to two premier hotels in China in the first half of May.
The first one is a 5-star hotel in the city center of Taiyuan, Shanxi. This is one of the most deluxe hotels in the city with over 240 rooms. The management contract lasts for five and a half years.
The second one is a 4-star hotel in the city center of Yulin, Chengdu. This is one of the largest hotels in the city with an area of over 40,000 sq.m.
Both of these hotels are signed by our majority-owned subsidiary, Landmark International Hotel Group Limited.
Mr. Philip Cheung, CEO of Landmark International Hotel Group Limited, said, "Hotel owners put a lot of faith in our brand of TEDA and the backup of a listed corporation. Our team is certain to make positive contribution to the bottom line of the Hotel Management Division of TEDA Travel Group."
About TEDA Travel Group, Inc.:
TEDA Travel is a property management company providing services to hotels and resorts throughout China. The company is responsible for the supervision and day-to-day operations of the properties it manages. In addition to its property management division, TEDA Travel also has its own portfolio of real estate investments. Leveraged on its existing core businesses and the brand name "TEDA", one of most recognized names in China, TEDA Travel intends to become a market leader in the fast growing Chinese travel and real estate services industry.
About Tianjin Economic and Technological Development Area (TEDA):
Tianjin Economic and Technological Development Area (TEDA) is one of earliest approved and best state-level development zones in China. TEDA has now has a developed area of 33 square kilometers (approximately 20 square miles). TEDA is located to the southeast of Tianjin City, about 45 kilometers (27 miles) away from downtown and 140 kilometers (84 miles) from Beijing. TEDA enjoys easy access to North China, Northeast China and Northwest China.
Safe Harbor Statement:
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings.
Contact Information:
John Roskelley, President, First Global Media, 480.902.3110
SOURCE TEDA Travel Group, Inc.
TEDA Travel Group Flagship Hotel Ranks Number One in Tianjin
May 31, 2005 9:00:00 AM
HONG KONG, May 31 /Xinhua-PRNewswire/ -- TEDA Travel Group, Inc. (OTC Bulletin Board: TTVL), announced today that its flagship hotel, Tianjin TEDA International Club (in the city of Tianjin), is ranked Number 1 in the city in terms of occupancy rate and average room rate.
Both Tianjin TEDA International Club and TEDA International Hotel were awarded the five-star rating by China Travel Association in August of 2004. Since then the company has continued to improve their service offerings at the properties. Through new cooperation agreements with Fortune 500 corporations such as Toyota Corporation, which include such benefits as corporate discounts, short-notice reservations, and long-term residency products and services, the company has been able to obtain better operational data reflecting its hard work.
''The numbers reflect our efforts in making improvements in every aspect of the performance of our hotels,'' commented Mr. Tim Gao, CEO of Hotel Operation. ''We know we set our target high, but we thrive as a company at the higher end of the scale. It is more important that we set aggressive targets, thereby creating a win-win relationship between our hotel management company and the various hotel owners.''
In March and April 2005, the average room rate of the Tianjin TEDA International Club was Number 1 in the city, surpassing the newer 5-star Sheraton Hotel located in the same area. The occupancy of this hotel was over 95% in April vs. 73.3% for all hotels with 4-star and above rating in the city.
About TEDA Travel Group, Inc.
TEDA Travel is a property management company providing services to hotels and resorts throughout China. The company is responsible for the supervision and day-to-day operations of the properties it manages. In addition to its property management division, TEDA Travel also has its own portfolio of real estate investments. Leveraged on its existing core businesses and the brand name ''TEDA,'' one of most recognized names in China, TEDA Travel intends to become a market leader in the fast growing Chinese travel and real estate services industry.
About Tianjin Economic and Technological Development Area (TEDA)
Tianjin Economic and Technological Development Area (TEDA) is one of earliest approved and best state-level development zones in China. TEDA has now has a developed area of 33 square kilometers (approximately 20 square miles). TEDA is located to the southeast of Tianjin City, about 45 kilometers (27 miles) away from downtown and 140 kilometers (84 miles) from Beijing. TEDA enjoys easy access to North China, Northeast China and Northwest China.
Safe Harbor Statement
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings.
For more information, please contact:
John Roskelley, President,
First Global Media
Tel: +1-480-902-3110
SOURCE TEDA Travel Group, Inc.
WallSt.net Airing Exclusive Audio Interviews With TTVL and NGEN
An In-Depth Article Based on a Recent Interview With MCEL is Also Available Now At www.wallst.net
May 31, 2005 7:00:00 AM
LOS ANGELES, May 31 /PRNewswire/ -- Godfrey Hui, CEO of TEDA Travel Group, Inc. (OTC Bulletin Board: TTVL) recently granted Wall Street Network an exclusive audio interview profiling the company. Interview highlights include detailed discussions on the following topics:
-- recent acquisitions
-- the booming travel industry in China, and the company's strategy to
capture market share in the underserved hotel management and guest
services niche markets
-- management bios
-- financials
-- industry trends supporting the company's prospects for long-term
growth
-- upcoming milestones
To hear the interview in its entirety and to read an in-depth report on the company, visit http://wallst.net/superstock/TTVL/ttvl.html .
Robert Saltmarsh, Chief Financial Officer for Nanogen, Inc. (Nasdaq: NGEN) recently granted Wall Street Network an exclusive audio interview profiling the company. Interview highlights include detailed discussions on the following topics:
-- recently granted patents related to Nanogen's biomarker discovery and
nucleic acid manipulation technologies
-- Focus on commercialization
-- Diagnostic product introductions in 2005
-- Capitalization
-- Management bios
-- Upcoming milestones
Wall Street Network is also featuring an in-depth article based on a recent interview with John Battaglini, VP of Sales, Marketing and Product Management for Millennium Cell, Inc. (Nasdaq: MCEL). The article covers topics including:
-- recently announced joint development program with Dow Chemical Co.,
and its impact on the timeline for the commercialization of Millennium
Cell's hydrogen-based batteries
-- operational and strategic highlights from Q1; outlook for 2005
-- advantages of the company's hydrogen-based batteries over the current
standard
-- feedback from government and commercial sectors
-- capitalization
-- upcoming milestones
To read the article and hear the interviews in their entirety, visit www.wallst.net . The interviews can be accessed by locating the respective company's ticker symbol under the exchange on which it trades on the left hand column of the homepage, or by entering the respective company's ticker symbol in the Audio Search window.
About Wall Street Network
Wall Street Network is owned and licensed by Wall Street Direct, Inc. All material herein was prepared by Digital Wall Street, Inc., a multimedia provider of original, insightful commentary and news from North America's leading publicly traded companies giving a direct link to the management of today's fastest-growing companies through encompassing executive interviews and sector seminars. The company provides a free service to consumers, and a paid, premium monthly subscription to its members. Wall Street Direct Inc. has received one-hundred-seventy-five thousand restricted shares of TTVL from the company for press and advertising services. For a complete list of our business relationships, visit www.wallst.net/disclaimer.asp .
Contact:
Nick Iyer
Digital Wall Street, Inc.
800-4-WALL-ST
SOURCE Wall Street Network
TTVL News
TEDA Travel Group Conducts First Annual Meeting of General Managers
Tuesday May 24, 9:01 AM EDT
HONG KONG, May 24, 2005 /Xinhua-PRNewswire via COMTEX/ -- TEDA Travel Group, Inc. (OTC Bulletin Board: TTVL), announced today it has concluded its First Annual Meeting of Hotel General Managers and Senior Management. The meeting took place in one of its 4-star hotels in Xian, Shanxi, China on May 6, 2005.
The principal agenda was to consider how best to reflect the company's core values in business strategies for the next several years, as well as how to improve communication channels among the 20+ hotel General Managers of the Group.
Additionally, a standard set of reporting packages, KPI (Key Performance Indicator) and CQI (Common Quality Indicator) within our hotels was introduced. In total more than 30 General Managers and other Group executives attended and participated.
Tim Gao, CEO of Hotel Operations said, ''The objective of the Group is to be a major force in the hotel management and travel business in China. The need to be a strong managerial organization, in addition to being a large one, is critical in achieving the success we desire.''
The group in attendance accepted the challenge of focusing on assuring adequate capital to grow, branding of the TEDA name, and quality throughout the organization based on superior management.
''We believe that the core values and objectives of the company are real, but only when everyone in the company has had a chance to think about them and further shape them. This meeting set this objective into motion. As executives and leaders with the Group, we're committed to excellence from the top down,'' concluded Mr. Gao.
About TEDA Travel Group, Inc.
TEDA Travel is a property management company providing services to hotels and resorts throughout China. The company is responsible for the supervision and day-to-day operations of the properties it manages. In addition to its property management division, TEDA Travel also has its own portfolio of real estate investments. Leveraged on its existing core businesses and the brand name ''TEDA,'' one of most recognized names in China, TEDA Travel intends to become a market leader in the fast growing Chinese travel and real estate services industry.
About Tianjin Economic and Technological Development Area (TEDA)
Tianjin Economic and Technological Development Area (TEDA) is one of earliest approved and best state-level development zones in China. TEDA has now has a developed area of 33 square kilometers (approximately 20 square miles). TEDA is located to the southeast of Tianjin City, about 45 kilometers (27 miles) away from downtown and 140 kilometers (84 miles) from Beijing. TEDA enjoys easy access to North China, Northeast China and Northwest China.
Safe Harbor Statement
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings.
For more information, please contact:
John Roskelley, President,
First Global Media
Tel: +1-480-902-3110
SOURCE TEDA Travel Group, Inc.
CONTACT: John Roskelley, President of First Global Media, +1-480-902-3110, for TEDA Travel
Another score for management
Teda Travel management continues to set them up and knock them down. I really love their execution and follow through. Each time the announce a potential acquisition, they close the deal. This speaks volumes about their due diligence process. They're not trying to throw darts at a million deals to see which ones will stick. They appear to be very carefully identifying good acquisition targets with a high probability the desired end result happening. I'm more impressed with this company each day. Go TTVL!
~Todays News Release...
TEDA Travel Group Acquires Majority Stake in Shanghai Bowking Hotel Management Company
7 New Properties Added to Management Portfolio
HONG KONG, May 18, 2005 /Xinhua-PRNewswire via COMTEX/ --
TEDA Travel Group, Inc. (OTC Bulletin Board: TTVL), a dynamic and fast growing travel and real estate services company today announced that it has completed the purchase of a 55% interest of Shanghai Bowking Hotel Management Co. Limited (''Bowking''), a leading boutique hotel management company in China. The deal was finalized on April 30, 2005.
Mr. Godfrey Hui, CEO of TEDA Travel Group stated, "We're very pleased to have completed this deal in a relatively short amount of time. This speaks directly to the value Bowking management places in being part of TEDA Travel Group, and in our desire to have them join the Group.''
The acquisition of Bowking adds seven high-end hotel properties to the company's property management portfolio, with impressive year-round occupancy rates near 100%.
Mr. Hui continued, ''This acquisition is very important to TEDA Travel Group because it is our first expansion into Shanghai, China's largest and most comprehensive industrial and commercial city. This was a primary consideration for seeking this particular group of hotels."
Shanghai is currently undergoing one of the fastest economic expansions that the world has ever seen. As one of Asia's leading business cities, and as China's financial district, it was critical for the Group to have a presence in Shanghai.
''Expanding the TEDA brand into Shanghai is an important step in our goal of becoming China's largest and best-known full service travel company," explained Mr. Hui. ''We are committed to this goal, and will continue to grow through the acquisition of other high quality properties and other travel related companies,'' concluded Mr. Hui.
About TEDA Travel Group, Inc.
TEDA Travel is a property management company providing services to hotels and resorts throughout China. The company is responsible for the supervision and day-to-day operations of the properties it manages. In addition to its property management division, TEDA Travel also has its own portfolio of real estate investments. Leveraged on its existing core businesses and the brand name "TEDA," one of most recognized names in China, TEDA Travel intends to become a market leader in the fast growing Chinese travel and real estate services industry.
About Tianjin Economic and Technological Development Area (TEDA)
Tianjin Economic and Technological Development Area (TEDA) is one of earliest approved and best state-level development zones in China. TEDA has now has a developed area of 33 square kilometers (approximately 20 square miles). TEDA is located to the southeast of Tianjin City, about 45 kilometers (27 miles) away from downtown and 140 kilometers (84 miles) from Beijing. TEDA enjoys easy access to North China, Northeast China and Northwest China.
Safe Harbor Statement
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings.
For more information, please contact:
John Roskelley, President,
First Global Media
Tel: +1-480-902-3110
SOURCE TEDA Travel Group, Inc.
John Roskelley, President of First Global Media, +1-480-902-3110, for TEDA Travel
http://www.prnewswire.com
--------------------------------------------------------------------------------
Copyright (C) 2005 PR Newswire. All rights reserved.
News provided by
Rigel_7,
I have lots of patience with this one.I can read the writing on the walls.
~Rig
Audio invterview
The link in the press release takes you to a TTVL fact sheet, with a further link to the interview. However, that link takes you to the WallSt.Net main audio interview page and I couldn't find the interview on that page (someone help me if I've simply overlooked or otherwise missed it). You will have to do a search of the audio interviews to get to it, but it's worth the effort. You will either need to login, or do a quick registration to hear the interview.
Godfrey Hui, the CEO, gives a brief overview of TEDA, the TEDA brand, and the economic development in the city of Tianjin. He also gives a very good presentation of the company's current state of affairs with the company.
He also talks about some of the acquisitions, including their most recent of Tinma Travel Agency and what it means to the company getting into the travel agency business.
He also speaks about the Olympics and how the CMTA Ticketing System will benefit the company. I think that CMTA acquisition was huge for the company. In fact, I see it as the most exciting aspect of their business. Wouldn't you love to have had a piece of Ticketmaster when central ticketing was still a concept in this country? Just think of this on a scale 5 times larger.
Godfrey spoke of having as many as 150 properties under management in the next 12-18 months. That is very impressive.
One day we're going to look back at this company, probably when it's trading on the NYSE (my speculation only) and say, "I can remember when they were trading around $1." Hopefully none of us will be kicking ourselves in the butt saying, "Why didn't I get in back then?"
This is a very impressive company, and has been structured for success from the very beginning. Go TTVL!
TTVL News
Press Release Source: Wall Street Network
WallSt.net Airing Exclusive Audio Interviews with TTVL, SMPP, ACNI, GRU and SWS
Monday May 16, 7:00 am ET
An In-Depth Article Based on a Recent Interview With WGAT is Also Available now at www.wallst.net
NEW YORK, May 16 /PRNewswire-FirstCall/ -- Godfrey Hui, CEO of TEDA Travel Group, Inc. (OTC Bulletin Board: TTVL - News) recently granted Wall Street Network an exclusive audio interview profiling the company. Interview highlights include detailed discussions on the following topics:
- Recent acquisitions
- The booming travel industry in China, and the company's strategy to
Capture market share in the hotel management and guest services niche
markets
- Management bios
- Financials
- Industry trends supporting the company's prospects for long-term growth
- Upcoming milestones
To hear the interview in its entirety and to read an in-depth report on the company, visit http://wallst.net/superstock/TTVL/ttvl.html
About Wall Street Network
Wall Street Network is owned and licensed by Wall Street Direct, Inc. All material herein was prepared by Digital Wall Street, Inc., a multimedia provider of original, insightful commentary and news from North America's leading publicly traded companies giving a direct link to the management of today's fastest-growing companies through encompassing executive interviews and sector seminars. The company provides a free service to consumers, and a paid, premium monthly subscription to its members. Digital Wall Street, Inc. has received two thousand five hundred dollars from ACNI for press and advertising services, and is expecting to receive seventeen million restricted shares from the company for press and advertising services for a separate contract. Wall Street Direct Inc. has received one-hundred-seventy-five thousand restricted shares of TTVL from the company for press and advertising services. Digital Wall Street, Inc. has received fifty thousand dollars from SMPP for press and advertising services. For a complete list of our business relationships, visit www.wallst.net/disclaimer.asp .
Contact:
Nick Iyer
Digital Wall Street, Inc.
800-4-WALL-ST
More good news
The good news just keeps coming from this company. They're like a Top 40 radio station...the hits just keep on coming.
I'm very impressed by how well this management team executes. They size up an acquisition, complete their due diligence, and finalize the deal. That is pretty efficient in my book. I don't think they've ever lined up a deal (at least not one they've announced) that they haven't closed. This speaks directly to their ability to size up a company to determine if it's even something worth acquiring. They don't give me any impression whatsoever that they waste any time at all on these deals. I feel like they head into these things with a certain degree of confidence that they're going to get it done.
So many OTC companies announce LOI after LOI, MOU after MOU and what happens 99% of the time? Nothing. It winds up being a pure pump by a small company trying to "look" important, rather than "being" important. TTVL give me every impression that they are important, all the time. Gotta love this company. They're making all the right moves. Bargain prices in my opinion. Go TTVL!
TTVL News
Press Release Source: TEDA Travel Group, Inc.
TEDA Travel Group to Complete Acquisition of Largest Timeshare Company in China
Thursday April 28, 12:37 pm ET
HONG KONG, April 28 /Xinhua-PRNewswire-FirstCall/ -- TEDA Travel Group, Inc. (OTC Bulletin Board: TTVL - News), announced today that its acquisition of a 55% share in Teda Resort Alliance Development Co., Ltd ("TRAC") has been approved by the Commerce & Industry Department of the Tianjin Government. The Acquisition agreement was entered into in August of 2004.
Established in 1999, TRAC provides timeshare services for customers in China, and is the largest partner of RCI, a Cendant Corporation, which is the largest and most prominent timeshare operator in the world. By the end of 2004, TRAC had established a customer base of over 3,600 members and its revenues had risen to $1.8 million. To date TRAC has more than 4,000 members and has been growing rapidly due to its extensive selection of desirable hotels and resorts. TRAC has also established an extensive network of exclusive sales agents throughout China, and is currently the largest timeshare company in China with more than a 70% market share.
TEDA Travel Group CEO, Mr. Godfrey Hui said, "We are pleased we were granted approval to complete this acquisition. TRAC significantly strengthens out overall product offering, and completes an important milestone to reaching our goal of becoming a leading travel operator in China."
About TEDA Travel Group, Inc.:
TEDA Travel is a property management company providing services to hotels and resorts throughout China. The company is responsible for the supervision and day-to-day operations of the properties it manages. In addition to its property management division, TEDA Travel also has its own portfolio of real estate investments. Leveraged on its existing core businesses and the brand name "TEDA," one of most recognized names in China, TEDA Travel intends to become a market leader in the fast growing Chinese travel and real estate services industry.
About Tianjin Economic and Technological Development Area (TEDA):
Tianjin Economic and Technological Development Area (TEDA) is one of earliest approved and best state-level development zones in China. TEDA has now has a developed area of 33 square kilometers (approximately 20 square miles). TEDA is located to the southeast of Tianjin City, about 45 kilometers (27 miles) away from downtown and 140 kilometers (84 miles) from Beijing. TEDA enjoys easy access to North China, Northeast China and Northwest China.
Safe Harbor Statement:
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings.
Contact Information:
John Roskelley, President, First Global Media, 480.902.3110
Source: TEDA Travel Group, Inc.
TTVL News
TEDA Travel Group to Acquire Majority Stake in Top Travel Agency
April 19, 2005 09:00:55 (ET)
HONG KONG, April 19, 2005 /Xinhua-PRNewswire via COMTEX/ -- TEDA Travel Group, Inc. (TTVL, Trade), announced today it has signed a Memorandum of Understanding to acquire a majority share in Guangdong Province Tinma International Travel Agency Limited (''Tinma''). The company expects the deal to close within 90 days.
With over 20 years of experience in the Chinese travel industry, Tinma has become a prestigious Provincial-level travel agency. With its seven locations throughout Guangahou, Tinma did approximately $5 million in revenue in 2004, and has been a Top 5 travel agency in Guangdong in the last several years. As a Class 1 Travel Agent, Tinma can conduct inbound and outbound travel, book air travel on every major airline in China, and make hotel reservations in virtually every hotel in the province.
Mr. Godfrey Hui, TEDA Travel Group CEO said, ''We're confident we'll have this deal completed very soon. Tinma is a well-known and established brand in China and we're very pleased to be in acquisition talks with them. Once this deal is finalized, TEDA Travel Group will benefit from a sizeable increase in revenue and cash flow. This acquisition ties into our move into the online travel sector as we'll be able to use their existing reservation systems through online interfaces. However, and most important in all of this constitutes a major part of our goal to become a major player in China's rapidly expanding travel industry.''
Guangdong Province has a total area of approximately 110,000 square miles and a total population of over 85.2 million. Tinma is situated in the Pearl River Delta (''PRD'') Economic Zone, which is the Province's economic hub, accounting for 80% of Guangdong's GDP. The PRD Economic Zone covers 14 cities and counties, including Guangzhou, Shenzhen, Zhuhai, and Dongguan. The province has the largest GDP in China, accounting for over 11% of the nation's total.
About TEDA Travel Group, Inc.
TEDA Travel is a property management company providing services to hotels and resorts throughout China. The company is responsible for the supervision and day-to-day operations of the properties it manages. In addition to its property management division, TEDA Travel also has its own portfolio of real estate investments. Leveraged on its existing core businesses and the brand name ''TEDA,'' one of most recognized names in China, TEDA Travel intends to become a market leader in the fast growing Chinese travel and real estate services industry.
About Tianjin Economic and Technological Development Area (TEDA)
Tianjin Economic and Technological Development Area (TEDA) is one of earliest approved and best state-level development zones in China. TEDA has now has a developed area of 33 square kilometers (approximately 20 square miles). TEDA is located to the southeast of Tianjin City, about 45 kilometers (27 miles) away from downtown and 140 kilometers (84 miles) from Beijing. TEDA enjoys easy access to North China, Northeast China and Northwest China.
Safe Harbor Statement
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings.
For more information, please contact:
John Roskelley, President,
First Global Media
Tel: +1-480-902-3110
SOURCE TEDA Travel Group, Inc.
John Roskelley, President of First Global Media, +1-480-902-3110, for TEAD Travel
Group
http://www.prnewswire.com
Copyright (C) 2005 PR Newswire. All rights reserved.
Spark, my guess here is that it is not. This is however only a guess as the company would release an 8k upon completion or would at least make an announcment. LOI to completion usually takes about 4 to 6 months.
IS this LOI closed already? HONG KONG, Jan. 19 /Xinhua-PRNewswire/ -- TEDA Travel Group, Inc. (BULLETIN BOARD: TTVL) , announced today it has signed a Letter of Intent to acquire a majority share in Zhongshan Harvey Hotel Management Company (''Harvey''), a hotel and real estate company with properties in the Pearl Delta Region of Guangdong Province, China.
diamondfind...................................
No he will not give me inside information
It is part of my research to talk to executives, they have a better understanding of their company than anyone else.
Because the CEO is in Los Angeles this week attending a professional fund managers conference I can talk to him more easily than calling China.
I advise everyone to do their research over the telephone.
Ask the CEO??????????????
Who are you?
Is he going to give you insider information?
Isn't that illegal?
Are you giving him something the rest of us cannot?
Does anyone have any questions they would like me to ask the CEO???? I am having a call schedualed with him for Tuesday or Wednesday this week while he is in the U.S. on his fund manager awareness trip.
Rigel,
Nice work with the board.This is another sleeper stock.Some soild news and I believe, more to come.I added a few more this week.
~Rig
Continuing to build
I just love the things this company keeps doing. All the little infrastructure things that one day will turn this company into a giant. I see the mention of the Olympics quite a bit in their press releases. It would be awesome to see them as a hospitality partner. If I remember correctly, I think they set up offices in Beijing so they could be closer to Olympic and Government coordinators. That would be awesome to see their name and logo splashed all over the TV. Anyway, I like the continuing stream of news from the company. Nothing blockbuster. Just solid foundation building. That's how great companies are formed. Go TTVL!
TTVL News
TEDA Travel Group Announces Web-Based Travel Distribution Strategy
Software to Ensure Lowest Rate and Customized Bookings
HONG KONG, Feb. 15 /Xinhua-PRNewswire/ -- TEDA Travel Group, Inc. (OTC Bulletin Board: TTVL - News), announced today a new strategic direction to go online with a web-based travel distribution strategy to complement its property management division.
''The online travel market has been a bright spot throughout the tech industry's dark times. Despite intense competition, it's a very good market niche to be in,'' commented Godfrey Hui, CEO of TEDA Travel Group.
In addition to simplified navigation, the company intends to differentiate itself by providing unique features in the reservation network. ''Features such as lowest rate guarantee and a customized booking experience are currently not found in the web-based offerings of any of competitors in China,'' said Mr. Hui. The two largest online travel service providers in China are Ctrip and Elong. The company is currently developing its prototype system.
China's fast-growing travel industry, worth US$47 billion in 2002, is now an estimated US$70 billion annual industry. With the Olympics in 2008 and the Shanghai World Fair in 2010, growth rates are projected between12% and 15% annually.
''Chinese leisure and business travel will continue to fuel growth in our industry,'' continued Mr. Hui. ''However, international travel into China is expected to keep growth rates in double digits for the foreseeable future. The World Travel Organization predicts that China will become the number 1 global tourism destination by 2020.''
About TEDA Travel Group
TEDA Travel Group is the only full service Chinese travel and real estate service company publicly traded in U.S. markets. Currently, TEDA Travel Group is providing management services to hotels and resorts throughout China. In addition to its property management division, TEDA Travel Group also owns the largest Timeshare operation in China as well as a portfolio of real estate investments. Leveraged on its existing core businesses and the brand name ''TEDA,'' one of most recognized names in China, TEDA Travel Group intends to become a market leader in the fast growing Chinese travel and real estate services industry.
Safe Harbor Statement
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings.
For more information, please contact:
John Roskelley, President,
First Global Media
Tel: +1-480-902-3110
Continuing News
I really like what TTVL is doing. Picking up properties and property management contracts. Attending conferences as keynote speakers. Consolidating the back-end property management systems throughout China. Exclusive ticketing machine agents. Publishing industry related magazines. They are doing all the things, and putting all the infrastructure in place, to become an industry leader in China. Oh, and let's not forget their 2008 Olympic connections, either. I really like everything they are doing. Time to start keeping a sharper eye on them as all of these developments will surely lead to an emerging giant. Go TTVL!
TTVL News
TEDA Travel Launches Hotel News Digest and News Flash
e-Magazines will Focus on World News in Hotel Industry for China Market
HONG KONG, Feb. 8 /Xinhua-PRNewswire-FirstCall/ -- TEDA Travel Group, Inc. (OTC Bulletin Board: TTVL - News) today announced that its wholly owned subsidiary, Teda (Beijing) Hotel Management Co., will launch two monthly e-magazines, The Hotel News Digest, and News Flash.
The two new e-magazines, or "e-zines", will be distributed directly to the professional hotel management and education community throughout China.
Mr. Tim Gao, CEO-Editor comments, "A great deal has been written on the hotel industry around the world. However, there is presently no one single magazine that focuses on the world, written in Chinese, designed specifically for industry veterans and academics in China."
The magazines will be available via the company's website, http://www.tedatravelgroup.com , and through monthly e-mails to registered readers.
"Both Hotel News Digest, and News Flash aim to present the news and development of hotel industry around the world in a focused, global perspective," continued Mr. Gao. "As the magazine grows, we plan to give readers up to date information about detailed case studies on how to profit from new opportunities, as well as a sampling of some companies that stand-out in their field."
The objective of the magazines is to provide industry players in China with updates and analysis on the fast-changing investment environment and opportunities in hotel industry in the world.
Mr. Godfrey Hui, CEO of TEDA Travel Group added, "Industry players and academics are looking for information and data on a more practical business perspective. To be able to obtain world news in Chinese, specifically tailored for readers in China, the two new e-zines will satisfy this demand. We are the prefect editors and publishers because our management group is composed of some of the most experienced, hands-on managers in China," concluded Mr. Hui.
About TEDA Travel Group:
TEDA Travel Group is the only full service Chinese travel and real estate service company public traded on U.S. markets. Currently, TEDA Travel Group is providing management services to hotels and resorts throughout China. In addition to its property management division, TEDA Travel Group also owns the largest Timeshare operation in China as well as a portfolio of real estate investments. Leveraged on its existing core businesses and the brand name ''TEDA,'' one of most recognized names in China, TEDA Travel Group intends to become a market leader in the fast growing Chinese travel and real estate services industry.
Safe Harbor Statement:
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings.
For more information, please contact:
John Roskelley, President,
First Global Media
Tel: +1-480-902-3110
TTVL Event Ticket Sales
This is a big deal. This means that all 3 and 5 star hotels in China have to go through TTVL to have this ticketing system installed in their hotels, with the company receiving a commission each time something is sold through one of these machines. This is like free ATM money...LOL. Personally, I'm reading this as very siginificant news. Go TTVL!
TTVL News
TEDA Travel Group Named as Exclusive Agent for Nationwide Ticketing System in China
System to Help Facilitate Sales of Olympic Event Tickets
HONG KONG, Feb. 1 /Xinhua-PRNewswire/ -- TEDA Travel Group, Inc. (OTC Bulletin Board: TTVL - News) announces that its wholly owned subsidiary TEDA (Beijing) Hotel Management Co. Limited was named as the exclusive agent for CMTS Ticketing Systems (Holdings) Limited (''CMTS'') for all 3- to 5-star hotels in China.
Incorporated in Beijing, PRC in 2000, CMTS Ticketing is the only ticketing system provider in China capable of providing nationwide ticketing for sporting and other venue-based entertainment.
Godfrey Hui, CEO of TEDA Travel Group stated, ''Our affiliation with CMTS allows us the exclusive right to solicit orders to install this ticketing system in all 3- to 5-star hotels throughout China. This includes our corporate owned and managed hotels. In return we receive a variable monthly commission.'' CMTS supplies a ticket-printing machine that cost less than $500 and a PC terminal with broadband connection.
CMTS is jointly owned by China Movies Bureau, and through this relationship over 70% of the cinemas in China have installed the same systems to sell movie tickets. The sophisticated ticketing system has been so well received by the movie industry that installation of the system is now required for all cinemas in China if they want to show first-run movies.
''This is an excellent ticketing system, designed to address the increasing mobility of people in China,'' continued Mr. Hui. ''As an example, our hotel guests can buy a ticket in Tianjin for a football match to be held in Shenzhen, or tickets in Shanghai for a concert to be held in Beijing. This can increase our value-added services to our guests significantly, now and in the future.''
With the 2008 Olympics games coming, this exclusive right can become a tremendous resource to TEDA Travel Group, and a massively convenient means to help serve the demand for tickets during the Olympic games in Beijing.
Baoqing Ye, General Manager of CMTS stated, "Our affiliation with TEDA Travel Group avails ourselves to increase our points-of-presence quickly. Hotels are among the best venue to sell our tickets. We believe the combination of our technology and the widespread influence of TEDA Travel Group in the hotel industry will prove to be a win-win solution for all."
About TEDA Travel Group
TEDA Travel Group is the only full service Chinese travel and real estate service company public traded on U.S. markets. Currently, TEDA Travel Group is providing management services to hotels and resorts throughout China. In addition to its property management division, TEDA Travel Group also owns the largest Timeshare operation in China as well as a portfolio of real estate investments. Leveraged on its existing core businesses and the brand name ''TEDA,'' one of most recognized names in China, TEDA Travel Group intends to become a market leader in the fast growing Chinese travel and real estate services industry.
Safe Harbor Statement
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings.
For more information, please contact:
John Roskelley, President,
First Global Media
Tel: +1-480-902-3110
TTVL Acquisition
I really love how well this company executes. Every time they make an announcement about an acquisition, they complete it. I like executives who set their sights on an objective, and then work hard to complete it. Something rare in the OTC world, that's for sure. Go TTVL!
TTVL News
TEDA Travel Group Signs Letter of Intent to Acquire Hotel Chain
Acquisition Increases TEDA Travel Groups Holdings to 27 Hotels and 3 Commercial Properties
HONG KONG, Jan. 19 /Xinhua-PRNewswire/ -- TEDA Travel Group, Inc. (OTC Bulletin Board: TTVL - News), announced today it has signed a Letter of Intent to acquire a majority share in Zhongshan Harvey Hotel Management Company (''Harvey''), a hotel and real estate company with properties in the Pearl Delta Region of Guangdong Province, China.
The LOI calls for TEDA Travel Group to acquire a 60% stake in the property management contracts of Harvey's holdings, which includes 5 hotels and 3 commercial properties. Further terms and conditions were not disclosed.
Mr. Godfrey Hui, TEDA Travel Group CEO said, ''Our interest in this deal lies not only in the strong reputation of the Harvey hotels, but also in the strong management team. The team at Harvey brings experience from some of the best-known hotels in China and Hong Kong. It is this expertise which has helped the Harvey brand gain prominence in the Region.''
Mr. Albert Wong, TEDA Travel Group CFO stated, ''27 Hotels and 3 commercial properties is a great way to start 2005. We expect both domestic and international travel to increase sharply throughout China over the next several years. With the 2008 Olympics and 2010 Shanghai World Fair literally right around the corner, expect China's historical annual growth rate of 12 percent to also increase sharply. Combine our aggressive growth expectations with China's anticipated travel growth, and it's easy to see why we've set our sights on becoming a major travel player within China by the end of 2005.''
About TEDA Travel Group
TEDA Travel Group is the only full service Chinese travel and real estate service company public traded on U.S. markets. Currently, TEDA Travel Group is providing management services to hotels and resorts throughout China. In addition to its property management division, TEDA Travel Group also owns the largest Timeshare operation in China as well as a portfolio of real estate investments. Leveraged on its existing core businesses and the brand name ''TEDA,'' one of most recognized names in China, TEDA Travel Group intends to become a market leader in the fast growing Chinese travel and real estate services industry.
Safe Harbor Statement
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings.
For more information, please contact:
John Roskelley, President,
First Global Media
Tel: +1-480-902-3110
Source: TEDA Travel Group, Inc.
TTVL News
TEDA Travel Group to Acquire 55% of Shanghai Bowking Hotel Management Company
Adds 6 Hotels to Hotel Management Portfolio Bringing Total to 20
HONG KONG, Jan. 18 /Xinhua-PRNewswire/ -- TEDA Travel Group, Inc. (OTC Bulletin Board: TTVL - News), a dynamic and fast growing travel and real estate services company today announced that it has signed a definitive agreement to purchase a majority interest of Shanghai Bowking Hotel Management Co. Limited, a leading boutique hotel management company in China. The deal is expected to close in March.
Mr. Godfrey Hui, CEO of TEDA Travel Group stated, "This acquisition will strengthen the Group's position as a leading hotel management group in China. It also allows us to expand into Shanghai, China's largest and most comprehensive industrial and commercial city. In recent years, occupancy rates for the better and more desirable hotels in Shanghai run very near 100% year round. This was a primary reason for seeking acquisition properties in Shanghai."
Started in 2000, Bowking is a leading boutique hotel management company in China. Based in the vibrant city of Shanghai, Bowking is led by a hotel veteran-cum-professor Mr. Nan Zhang. Bowking will orchestrate the opening of no fewer than five 4 and 5 star hotels in China this year.
Mr. Nan Zhang, CEO of Bowking, comments, "We are delighted to join TEDA Travel Group. The management and business expertise provided by Teda Travel Group is crucial for a fast growing company like Bowking. We'll benefit dramatically by becoming a part of the prestigious Teda brand."
''We will continue to balance our growth prospect against what we pay. This is the second of a series of similar acquisition which is part of our current strategy and we are seeing the positive effects to the Group already," concluded Mr. Hui.
About TEDA Travel Group
TEDA Travel Group is the only full service Chinese travel and real estate service company public traded on U.S. markets. Currently, TEDA Travel Group is providing management services to hotels and resorts throughout China. In addition to its property management division, TEDA Travel Group also owns the largest Timeshare operation in China as well as a portfolio of real estate investments. Leveraged on its existing core businesses and the brand name ''TEDA,'' one of most recognized names in China, TEDA Travel Group intends to become a market leader in the fast growing Chinese travel and real estate services industry.
Safe Harbor Statement
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings.
For more information, please contact:
John Roskelley, President,
First Global Media
Tel: +1-480-902-3110
Source: TEDA Travel Group, Inc.
NAI Interactive
I like today's press release. I know they put out their new written in Chinese in China, but it's a good move to also do that in North America. There is a sizable Chinese population in both the US and Canada and they are quite interested in companies from home. Teda is a recognized brand over there and the extra exposure to that community in North America is a smart move.
TTVL News
TEDA Travel Group to be Included in the NAI China Small Cap Index
January 13, 2005 10:00:27 (ET)
HONG KONG, Jan 13, 2005 /Xinhua-PRNewswire via COMTEX/ -- TEDA Travel Group, Inc. (TTVL, Trade), a dynamic and fast growing travel and real estate services company announced today announced that the Company is now included in the NAI China Small Cap Index. The NAI China Small Cap Index is geared towards introducing investors, especially institutional investors and affluent Chinese investors who are interested in investing Chinese related public companies, to emerging Chinese companies. The index allows investors to gain a clear understanding of each company's current performance and growth potential. Currently, the index includes about 17 companies, such as China Automotive Systems, Inc., LJ International Inc. and Euro Tech Holdings.
''We are pleased that NAI China Small Cap Index selected us shortly after last year's debut in U.S. public market,'' commented Mr. Godfrey Hui, CEO of TEDA Travel Group. ''We are very excited by our growth prospects and expansion plans, and look forward to sharing the growth story of TTVL with the investor community. NAI provides a good opportunity for us to showcase our execution and to reach a natural constituency.''
The Chinese investment community in North America is growing, and many are interested in investing in companies doing business in China. These investors have made it clear that they prefer to read about these companies in their native language. NAI Interactive ensures that news from companies listed in their NAI China Small Cap Index will be presented in Chinese and made available to their substantial base of Chinese investors.''
The NAI China Small Cap Index is a subsidiary of NAI Interactive LTD. and Chinese WorldNet.com, which provides worldwide financial data and information to the Chinese investment community.
Gilbert Chan, VP of NAI Interactive said, "As the only US listed company that focuses on fast growing Chinese travel and real estate service sectors, TEDA Travel Group presents an unique investment opportunity to our audience. We look forward to facilitating TTVL's desire to communicate with Chinese investors, institutions, and media in North America and in Asia."
About TEDA Travel Group
TEDA Travel Group is the only full service Chinese travel and real estate service company public traded on U.S. markets. Currently, TEDA Travel Group is providing management services to hotels and resorts throughout China. In addition to its property management division, TEDA Travel Group also owns the largest Timeshare operation in China as well as a portfolio of real estate investments. Leveraged on its existing core businesses and the brand name ''TEDA,'' one of most recognized names in China, TEDA Travel Group intends to become a market leader in the fast growing Chinese travel and real estate services industry.
Safe Harbor Statement
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings.
For more information, please contact:
John Roskelley, President,
First Global Media
Tel: +1-480-902-3110
NAI Interactive Contact:
Gilbert Chan
Tel: +1-604-488-8878
Email: gil@na-investor.com
SOURCE TEDA Travel Group, Inc.
John Roskelley, +1-480-902-3110, or jroskelley@firstglobalmedia.com of First Global
Media for TEDA Travel Group; Gilbert Chan of NAI Interactive, +1-604-488-8878 or
gil@na-investor.com
http://www.prnewswire.com
Copyright (C) 2005 PR Newswire. All rights reserved.
Press Release
TEDA Travel Group Completes Acquisition of a Luxury Hotel Management Company
Tuesday November 16, 8:31 am ET
Company Now Manages 16 Hotel Properties
HONG KONG, Nov. 16 /Xinhua-PRNewswire/ -- TEDA Travel Group, Inc. (OTC Bulletin Board: TTVL - News), announced today it has completed its acquisition of a 60% share in Landmark Hotel International Group Ltd (''Landmark'').
TEDA Travel Group CEO, Mr. Godfrey Hui said, ''We are glad that we have closed the deal with Landmark. The acquisition adds 13 hotels to our portfolio, which is higher than the 11 hotels announced earlier. Both companies are growing rapidly. The completion of the Landmark acquisition increases the number of hotels managed by TEDA Travel Group from 3 to 16.''
TEDA Travel Group CFO, Mr. Albert Wong said, ''This acquisition will add about USD$250,000 to the bottom line. We expect Landmark to continue its exceptional performance and hope to further enhance our brand through these properties.''
The Agreement calls for TEDA Travel Group to acquire a 60% equity interest in Landmark where it holds all its current management contracts. Landmark also guarantees profitability of the venture for the years 2005-2007. Failing this, the consideration payable to the acquiree can fall to zero.
Landmark executives, under the leadership of Mr. Philip Chi Ming Cheung, have successfully managed more than 20 similar hotel projects since the year 2000, and have established a well-known, well-managed high-end brand in China. Landmark has concentrated its primary efforts on both pre-operating planning, and efficient management.
Chinese customers are very sophisticated and brand conscious, therefore developing a recognized brand is an important consideration for any hotel chain to reap the rewards of increasing business and leisure travels.
About TEDA Travel Group, Inc.
TEDA Travel is a property management company providing services to hotels and resorts throughout China. The company is responsible for the supervision and day-to-day operations of the properties it manages. In addition to its property management division, TEDA Travel also has its own portfolio of real estate investments. Leveraged on its existing core businesses and the brand name ''TEDA,'' one of most recognized names in China, TEDA Travel intends to become a market leader in the fast growing Chinese travel and real estate services industry.
About Tianjin Economic and Technological Development Area (TEDA)
Tianjin Economic and Technological Development Area (TEDA) is one of earliest approved and best state-level development zones in China. TEDA has now has a developed area of 33 square kilometers (approximately 20 square miles). TEDA is located to the southeast of Tianjin City, about 45 kilometers (27 miles) away from downtown and 140 kilometers (84 miles) from Beijing. TEDA enjoys easy access to North China, Northeast China and Northwest China. Safe Harbor Statement:
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings.
For more information, please contact:
John Roskelley, President,
First Global Media,
Tel: +1-480-902-3110
Source: TEDA Travel Group, Inc.
TEDA Travel Group Opens Beijing Office
Tuesday October 26, 8:33 am ET
Prepares to Take Advantage of Business Opportunities of 2008 Olympics Games
HONG KONG, Oct. 26 /Xinhua-PRNewswire/ -- TEDA Travel Group, Inc. (OTC Bulletin Board: TTVL - News) is pleased to announce the opening of its new office in Beijing, China. The Beijing office has been established in the capital city of China to serve as the company's base of operations in Mainland China.
Madam Chang, Chairlady of TEDA Travel Group said, ''It is imperative to our business strategy that we create a presence in Beijing. The Chinese government is run from Beijing and it's critical for us to be here. We deal with many government officials on many business matters and this will facilitate a closer and more direct relationship.''
Company executives have been working out of their Hong Kong office, with frequent trips to its properties in Tianjin.
''Additionally,'' continued Madam Chang, ''We're working very closely with Olympic organizers in Beijing and it became very important for us to be entrenched here, well in advance of the Olympics in 2008. The Chinese travel industry will no doubt see a tremendous spike due to 2008 Olympics, particularly around Beijing and surrounding areas. We wanted to move into Beijing early to explore all the various business opportunities in our industry. We're simply doing what it takes to position our brand as the top name in hotels in China. This is one of many steps in that direction,'' concluded Madam Chang.
About TEDA Travel Group
TEDA Travel Group is the only full service Chinese travel and real estate service company listed in any U.S. financial markets. Currently, TEDA Travel Group is providing management services to hotels and resorts throughout China. In addition to its property management division, TEDA Travel also owns the largest Timeshare operation in China as well as a portfolio of real estate investments. Leveraged on its existing core businesses and the brand name ''TEDA,'' one of most recognized names in China, TEDA Travel Group intends to become a market leader in the fast growing Chinese travel and real estate services industry.
About Tianjin Economic and Technological Development Area (TEDA):
Tianjin Economic and Technological Development Area (TEDA) is one of earliest approved and is currently the second largest economic development zone in China. TEDA has now a developed area of approximately 20 square miles and houses more than 3000 international companies, such as Motorola and Nestle. TEDA is located to the southeast of Tianjin City, the third largest city of China, is about 27 miles away from downtown and 84 miles from Beijing. TEDA enjoys easy access to North China, Northeast China and Northwest China.
Safe Harbor Statement
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings.
Nice who is the travel exec of the year in the US just for a comparison
TTVL Press Release
Source: Teda Travel Group, Inc.
Teda Travel Group Chairlady Awarded 'Person of the Year 2004'
Thursday August 19, 8:30 am ET
Leadership Ability, Future Vision, and Industry Creativity Cited
HONG KONG, Aug. 19 /Xinhua-PRNewswire/ -- Teda Travel Group, Inc. (OTC Bulletin Board: TTVL - News), announced that its Chairlady, Madam Zhi Ying Chang, has been awarded the Person of the Year 2004 Award in China Travel & Property Industry.
The awarding committee said, "Madam Chang has made significant contribution to the travel and property industry in China with her impeccable management abilities, visions for the future and creativity for the best of breed. Along with her extraordinary vision, she is able to accomplish all the intermediate objections to successfully realize her vision. Simply a true leader from every angle."
This prestigious award was jointly offered by the International Vacation Union (China), China Leisure Travel International Committee and a number of prominent Mainland media companies. The award recognizes individuals who have made significant contributions, shown a high level of creativity, and brought well-deserved attention to the travel and property industry in China.
Ms. Chang was awarded as one of the Person of the Year 2004 with nine other prominent individuals in the industry.
Teda Travel Group Chairlady, Madam Zhi Ying Chang said, "This most prestigious award is a reflection on the total efforts of all the employees of the group. But the challenge has just begun. Our recent listing as a public company in the United States has us more focused than ever on continuing to turn the company into one of the largest and most profitable property management and real estate holding company in China. We're very confident in our ability to meet all of our goals and objectives," concluded Ms. Chang.
"The hospitality business in China is almost as prosperous as real estate. This is why we are glad to be diversified in both," said Godfrey Hui, CEO of Teda Travel Group. "With leadership from Madam Chang and the execution of our business goals, we will position Teda Travel Group as a complete travel and real estate services industry leader in China."
Teda Travel Group CEO Speaks Directly to Shareholders
Wednesday August 11, 8:30 am ET
Company's Mission Statement and Business Model Unveiled
HONG KONG, Aug. 11 /Xinhua-PRNewswire/ -- Teda Travel Group, Inc. (OTC Bulletin Board: TTVL - News), spoke directly to shareholders today in an open letter from Group CEO, Mr. Godfrey Hui. Company's mission statement and business model unveiled. Growth through acquisitions is a key message to shareholders.
The letter to shareholders can be read in its entirety by visiting the Teda Travel Group website at http://www.tedatravelgroup.com/TTVL%20PR%20Shareholder%20Letter.htm .
The Summary of the letter is as follows:
''It's very exciting that we are the only full service Chinese travel and hospitality company in China that is listed in the US market,'' said Mr. Hui. ''Our biggest objective right now is to sharply focus on our core competencies through the dedicated support of TEDA and invest resources in the new opportunities abound.''
Teda Travel Group is a part of the $70 Billion dollar a year travel industry in China. The Group is located in the Tianjin, and is a key subsidiary under the operating arm of the Tianjin Economic Development Area (TEDA). Tianjin is the third largest city in China and the second largest Economic Development zone behind Shenzhen.
It is the Group's goal to establish Teda Travel Group as the leader in the Travel and Hospitality sector and all of those ancillary services as well as in Real Estate holdings and management. Teda Travel Group is currently putting together the necessary business processes, management team, and infrastructure to become China's most recognized one-stop service provider for all travel and real estate needs.
''The current status of the travel and hospitality industry in China is like no other time in our history,'' explained Mr. Hui. ''While the Olympics in 2008 is sure to spike travel throughout China, we feel strongly that as China and the US build an economic plan for the future it will include more and more travel options for Western travelers.
''Within the next 24 months, Teda Travel Group intends to add up to 50 properties to its management portfolio. This will be done through the acquisition of hotel management companies that currently have properties that meet our stringent standards
Additionally, we are evaluating other gems within the TEDA umbrella that we can integrate in the Group. I expect to be sharing positive news with our shareholders regarding these acquisition and merger developments soon,'' concluded Mr. Hui.
As near as I can tell this company doesn't have a lot of shares in the float, so it seems to trade fairly tightly. I have noticed that the spread has tightened considerably. I used to be something like $1.00 by $4.00. The current $3.00 by $3.40 looks a lot better.
I don't think this is dead at all. In fact, I think it's just beginning. They just seem like a company with everything going for it. Nice brand name. Part of a big economic development effor in China. Appearantly well connected. All positive. I hope to learn more about this company soon. Travel and Hospitality in China are huge markets, and I can only think they'll get better as more and more people learn about China, move to China, relocate their businesses in China, etc.
Oh yeah...and the Olympics there in a few years can't hurt at all. I know this is a ways off, but before you know it, China 2008 will be all anyone is talking about.
Tell me what you know about this company. I could use all the DD possible.
Thanks,
Rigel_7
Hi Rig what is up with this one? Looks like a sleeper or is it dead?
Teda Travel Group News
Teda Travel Group, Inc. Executives Attend 2004 Annual China Hotel Industry Development Conference
Tuesday August 3, 8:32 am ET
CEO of Teda Hotels Management Company Limited Addresses Conference
HONG KONG, Aug. 3 /Xinhua-PRNewswire/ -- Teda Travel Group, Inc. (OTC Bulletin Board: TTVL - News), announced today that its management team attended the 2004 Annual China Hotel Industry Development Conference in Hohhot, Inner Mongolia, People's Republic of China during their annual conference July 20-25, 2004.
Hundreds of delegates came from 24 provinces in China, including many top industry professionals, representatives from Tsinghua University, the Top University in China, and delegates from Baker & McKenzie, the largest law firm in the world. Mr. Tim Gao, CEO of Teda Hotels Management Company Limited, a wholly owned subsidiary of Teda Travel Group, spoke to conference attendees about the need to consolidate Information Management Systems throughout the hotel property management industry.
Mr. Godfrey Hui, CEO of Teda Travel Group, said, ''This was a very important conference for us to attend. We're extremely pleased that Mr. Gao was a keynote speaker. We will quickly become one of the industry leaders in hospitality and hotel management services, and it was critical for us to address conference delegates on the issues of integrated management systems.''
''Mr. Gao addressed the hospitality industry executives about the need for integration of Information Management throughout the Hotel and Hospitality Industry,'' expounded Mr. Hui. ''The annual conference is jointly conducted by China Hotel & Lodging Association, and Travel Bureau of Inner Mongolia. It is one of the largest and most attended events in the hotel industry of China. Virtually every top-ranking industry representative attends, and we were very pleased to be asked to address the conference.''
Mr. Gao stated, ''The travel industry in China is a $70 billion dollar per year industry, and it's expanding at a rate of about 15% per year. Spurred by the booming Chinese economy, the Chinese leisure and business travel sector will continue to grow not only from domestic tourism but also from international travelers. It is a critical time for this industry in China. Taking these early steps in getting proper information management systems in place will result in an industry that is prepared to receive world travelers in a relatively seamless and hassle-free manner."
Mr. Tim Gao is the Chief Executive Officer of the Teda Hotels Management Company Limited, a wholly owned subsidiary of Teda Travel Group. Prior to joining Teda, Mr. Gao was Chief Executive Officer and General Manager of the Orient Hotel Management Company Limited, a wholly owned subsidiary of China Orient Asset Management Corporation, which together, with the Bank of China, are directly under the Finance Bureau of Central Government of China.
About Teda Travel Group, Inc.
Teda Travel is a property management company providing services to hotels and resorts throughout China. The company is responsible for the supervision and day-to-day operations of the properties it manages. In addition to its property management division, Teda Travel also has its own portfolio of real estate investments. Leveraged on its existing core businesses and the brand name ''TEDA,'' one of most recognized names in China, TEDA Travel intends to become a market leader in the fast growing Chinese travel and real estate services industry.
About Tianjin Economic and Technological Development Area (TEDA)
Tianjin Economic and Technological Development Area (TEDA) is one of earliest approved and best state-level development zones in China. TEDA has now has a developed area of 33 square kilometers (approximately 20 square miles). TEDA is located to the southeast of Tianjin City, about 45 kilometers (27 miles) away from downtown and 140 kilometers (84 miles) from Beijing. TEDA enjoys easy access to North China, Northeast China and Northwest China.
Safe Harbor Statement
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings.
For more information, please contact:
John Roskelley, President,
First Global Media
Tel: +1-480-902-3110
Here is a link to the Teda Travel Group "Fact Sheet". This is a really excellent snapshot of the company. I'm very excited about Teda Travel Group for a few of reasons. One, they are the crown jewel company of the Tianjin Economic Development Zone (TEDA) in the third largest city in China (Tianjin). They are in their 10th successful year as a company in China. And if you can't get excited about a very well connected group of Hotel and Hospitality executives running a successful company in the $70 billion per year Chinese travel industry, then what can you get excited about?
Here is the link to the Fact Sheet:
http://www.tedatravelgroup.com/company.htm
I did a google search on TEDA very impresiive (Microsoft, Dow, Dow Jones, LG and many others do business there) as well as you can see the properties TTVL owns they too are impresive. Where can this company go?
Former Sheraton, Holiday Inn Executive Joins Top Chinese Hotel Management Company
Tuesday July 20, 8:33 am ET
Teda Travel Group Announces Appointment of CEO of Hotel Operations
HONG KONG, July 20 /Xinhua-PRNewswire/ -- Teda Travel Group, Inc. (OTC Bulletin Board: TTVL - News), announced today it has appointed Mr. Tim Gao, as its Chief Executive Officer of the Teda Hotels Management Company Limited, a wholly owned subsidiary of Teda Travel Group. Mr. Gao is well respected in the hotel management industry in China and brings more than 15 years of operating experience in hotel management to the Group.
Mr. Gao said, ''I am glad to have joined Teda Travel Group, Inc. The Company has great ambitions and has established excellent networks in China, putting itself in a position to succeed at the highest levels. The road to success is long and tedious, but I can see a very bright future with the Group. We are moving full speed ahead with our acquisition plan and I expect we'll be sharing good news with our shareholders in the near future.''
Prior to joining Teda, Mr. Gao was Chief Executive Officer and General Manager of the Orient Hotel Management Company Limited, a wholly owned subsidiary of Bank of China (Holdings) Limited, the largest banking institution in China. Under Mr. Gao's leadership, Orient Hotel Management Company has become China's top 3 Hotel Management Company, which manages 19 hotels and commercial properties throughout China.
Madame Zhi ying Chang, Chairlady of Teda Travel Group, said, ''We are moving quickly within the hotel management and travel related sector in China. With Tim's background and experience, I am certain he will guide us swiftly through the implementation of our acquisition strategy. We look forward to posting a great performance in the hotel management division under his leadership.''
Mr. Gao, also serves as Vice President of China Hotel Association, is widely regarded as the founder of the Dynamic Human Resources Management Model in China, and one of founders of the Oriental Jasper Hotel Brand.
Mr. Gao stated, ''In China the travel industry is an over $50 billion market and expanding about 15% per year. Spurred by the booming Chinese economy, the Chinese leisure and business travel sector will continue to grow not only from domestic tourism but also from international travelers.''
Godfrey Hui, CEO of Teda Travel Group, said, ''With the Olympics in 2008 and the Shanghai Word Expo in 2010, we see immediate and dramatic growth not only in our industry, but within the Group as well. With Tim's leading our Hotel Operations division, and with the combined hospitality and travel expertise of the entire Group, I'm certain we're going to take our operations to the next level.''
About Mr. Tim Gao
He earned his MS Degree from the School of Foreign Service, at Georgetown University, Washington DC and his MA Degree in Social Psychology at the College of Arts and Sciences, State University of New York at Albany. Mr. Gao additionally earned a DPA Degree at the Graduate School of Public Administration, New York University (private).
Starting his career in the hotel business in 1989, Mr. Gao worked his way up from Training Manager at Shangri la and Sheraton, to Director of Human Resources at Holiday Inn and Meritus, to Deputy General Manager and Acting GM at Gloria Hotel Suzhou. Mr. Gao earned the position of Group Director of Human Resources and Vice President of Project Development at Gloria International, and finally to the position of CEO of the Orient Hotel Management Company Ltd.
About Teda Travel Group, Inc.
Teda Travel is a property management company providing services to hotels and resorts throughout China. The company is responsible for the supervision and day-to-day operations of the properties it manages. In addition to its property management division, Teda Travel also has its own portfolio of real estate investments. Leveraged on its existing core businesses and the brand name ''TEDA'', one of most recognized names in China, TEDA Travel intends to become a market leader in the fast growing Chinese travel and real estate services industry.
About Tianjin Economic and Technological Development Area (TEDA)
Tianjin Economic and Technological Development Area (TEDA) is one of earliest approved and best state-level development zones in China. TEDA has now has a developed area of 33 square kilometers (approximately 20 square miles). TEDA is located to the southeast of Tianjin City, about 45 kilometers (27 miles) away from downtown and 140 kilometers (84 miles) from Beijing. TEDA enjoys easy access to North China, Northeast China and Northwest China.
Safe Harbor Statement
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings.
For more information, please contact:
John Roskelley, President,
First Global Media
Tel: +1-480-902-3110
TTVL -- Teda Travel Group, Inc.
Com ($0.001)
Company News and Press Releases From Other Sources:
http://www.pinksheets.com/quote/news.jsp?symbol=TTVL
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