LETTER OF INTENT (LOI)

[SPARK]

TEDA Travel Group to Acquire Majority Stake in Top Travel Agency

HONG KONG, April 19 /Xinhua-PRNewswire/ -- TEDA Travel Group, Inc.
(OTC Bulletin Board: TTVL), 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: [phone]
SOURCE TEDA Travel Group, Inc.