I Think this is preety good news. This company is making a profit and has a lot of good things happening. I don't understand why they are not going up. Maybe down the road.
China World Trade Corporation Announces International Trade Matching MOU Between Beijing Subsidiary and World Trade Center Association L.A.-Long Beach
Wednesday June 28, 9:00 am ET
TIANHE, GUANGZHOU, China, June 28 /Xinhua-PRNewswire/ -- China World Trade Corporation (OTC Bulletin Board: CWTD - News; "CWTC"), an international trade facilitator providing business intelligence, professional strategic planning, and access to the worldwide business network for Chinese enterprises, today announced an international trade matching MOU between its subsidiary World Trade Center Club Beijing ("WTCBJ") and The World Trade Center Association L.A.-Long Beach ("WTCALA-LB"). WTCALA-LB, a subsidiary of the Los Angeles County Economic Development Corporation, focuses on facilitating import and export assistance to companies in Los Angeles, California and promoting foreign investment into Los Angeles County.
Under the terms of the MOU, WTCBJ will facilitate trade between Chinese suppliers of certain manufactured goods and U.S. buyers based in Los Angeles. WTCBJ will also provide Chinese market intelligence and research services to the American buyers in selected commercial sectors.
"This agreement reinforces CWTC's dominance as both a trade agency and direct investment consultancy linking Chinese enterprises with partners in key international trade regions such as Southern California," said Mr. William Tsang, President of CWTC. "This agreement exemplifies the strength of our international networking platform, and offers a commercially beneficial and potentially lucrative opportunity for our member organizations in Beijing. We look forward to working with The World Trade Center Association L.A.-Long Beach to enhance each of our platforms.
"Leveraging this achievement, our subsidiary WTCBJ will strive to further establish its trade facilitating network with other international members of WTCA with the objective of evolving from a membership service center to a global international business and networking platform," added Mr. Tsang.
The agreement announced today follows a WTCBJ-hosted import, export and foreign investment conference held in Beijing on June 8, 2006. Promoting trade between Beijing and Southern California, conference attendees included representatives from World Trade Center Association L.A.-Long Beach along with officials of China Council for the Promotion of International Trade.
About The World Trade Center Association L.A.-Long Beach
The mission of the World Trade Center Association LA-Long Beach is to support the international business development of Southern California companies as the leading trade association and international clearing house for the Los Angeles region. WTCA membership includes nearly 300 sister WTCs in 100 countries. Over 750,000 companies are affiliated with WTCA members worldwide. The WTCA LA-Long Beach is a subsidiary of the Los Angeles County Economic Development Corporation. www.wtcanet.org
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 consultancy services to CWTC members and clients. Please visit www.chinawtc.com for more information.
Safe Harbor Statement
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.
Contact:
Debra Chen
The Piacente Group
Investor Relations
Tel: 212-481-2050 ext. 604
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Source: China World Trade Corporation
