2007'04.24.Tue
China World Trade Corp Hosts Cultural Festival as Tong Li Town Tourism Growth Booster in Q2
April 24, 2007
GUANGZHOU, China, April 24 /Xinhua-PRNewswire/ -- China World Trade Corporation (OTC Bulletin Board: CWTD) ("CWTC") today announced the launch of a cultural festival on April 18, 2007 to boost the tourist growth in the period from April to July 2007 in Tong Li Town, the business travel scenic site managed by CWTC through its subsidiary Suzhou Tongli (International) Excursion Development Limited ("STED") With a history dated back to 11 years ago, this cultural festival, "Spring of Tongli" as it is called, has already been a famous culture brand of Suzhou City. CWTC added flavor to this traditional event by blending the festival with upcoming events like 120th anniversary of Tuisi Garden, the second China Tong Li Movie Forum and a photo contest featuring the "Flavor of Water Town". With its rising fame, the number of the foreign tourists of Tong Li Town has increased with an annual growth rate of 30% since 2000. The charm of Tong Li, a 1300-year-old town abounds in tourist resources of historical and cultural significance is increasingly attracting more and more people who swarm there to enjoy its peace. Especially the Tuisi Garden, famous for its well-preserved elaborate design in harmony, honored to have a Tuisi courtyard set up in the New York Botanical Gardens in 1986. "Ancient scenic spots and historical architectures are always ranking the top tourism destinations in our country," said Mr. William Tsang, President of China World Trade Corporation. "This festival is a significant move to show that Tong Li Town is the location embracing a full array of local specialties. The festival can really be a feast to many eyes. More importantly is that the best season to visit the town is from April to July in a pleasant climate, we are optimistic to see the number of visitors coming to the site is booming as spring comes." 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 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: Investor Relations Officer Email: ir@chinawtc.com Tel: 8620- 2886 0608
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