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China World Trade Corp's Managed Scenic Site to Host In

发布时间:2018-10-05 编辑:admin



GUANGZHOU, China, March 28 /Xinhua-PRNewswire/ -- China World Trade Corporation (OTC Bulletin Board: CWTD) ("CWTC") today announced that Tong Li Town, a business travel scenic site in Jiangsu Province of China managed by CWTC's subsidiary Suzhou Tongli (International) Excursion Development Limited ("STED"), will host both international and domestic GO tournaments in the second and third quarter 2007 to boost the volume of overseas and home visitors.

Having developed in China between 3,000 and 4,000 years ago, GO (called Wei Ch'i in China and Baduk in Korea) contends with backgammon for the right to be called the oldest game still played in its original form. Today GO is played by millions in China as well as other Asian countries.

Tong Li Town is the sponsor and the hosting venue of the 21st "Tong Li Cup" Tianyuan GO Tournament Finals to be held on April 18, 2007. Sponsored by China GO Association, the 'Tianyuan GO' was launched in 1987 in Beijing as the most significant GO challenge in China. It was renamed to 'Tong Li Cup' Tianyuan GO since Tong Li Town became the sponsor in the year of 2000. In 2006, Tong Li Town was officially appointed as the permanent venue for all the future 'Tianyuan GO' games.

In September 2007 Tong Li Town will be hosting China-Korean Super GO, an annual challenge that pits government-salaried Chinese players against the best Korea can offer, in a contest of rivalry more intense than that at any college-football bowl game.

"We are honored to be sponsor and host both the international and domestic GO tournament. Managed by our subsidiary STED, Tong Li Town has been well-featured with the theme of cultural travel, supported by its location, traditions, celebrations and experiences which reflecting the diversity and character of middle China," said Mr. William Tsang, President of CWTD, "With these GO tournaments and the 'Golden Week' holiday coming in May, we estimate the numbers of international and home visitors shall increase by 80,000 to 100,000 in the next quarter."

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 provides CWTC access to the rapidly growing travel-related industry through ticketing sales and scenic site management. The Business Value-Added Services Division focuses on value-added services consultancy services to CWTC members and clients.

Safe Harbor

Information in this news release or on this website may contain statements about future expectations, plans, prospects or performance of China World Trade Corp that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. China World Trade Corp cautions you that any forward-looking information provided by or on behalf of China World Trade Corp is not a guarantee of future performance. None of the information on this website constitutes an offer to sell securities or investment advice of any kind, and visitors should not base their investment decisions on information contained in this website. China World Trade Corp's actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond China World Trade Corp's control. In addition to those discussed in China World Trade Corp's press releases, public filings, and statements by China World Trade Corp's management, including, but not limited to, China World Trade Corp's estimate of the sufficiency of itAAAAisting capital resources, China World Trade Corp's ability to raise additional capital to fund future operations, China World Trade Corp's ability to repay itAAAAisting 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.

For more information, please contact:

Investor Relation Officer

Tel: +86-20-2886-0608

Email: ir@chinawtc.com

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