2007'03.30.Fri
China World Trade Corporation Managed Scenic Site Receives 'National Premier Park' Award
March 26, 2007
GUANGZHOU, China, March 24 /Xinhua-PRNewswire/ -- China World Trade Corporation (OTC Bulletin Board: CWTD) ("CWTC") today announced that one of the business-travel scenic sites managed by its subsidiary Suzhou Tongli (International) Excursion Development Limited ("STED") has received the "National Premier Park" Award by the Ministry of Construction ("MOC"), the People's Republic of China. MOC announced the first batch of National Premier Parks in late February 2007. Being one of the business-travel scenic sites managed by STED, Retreat and Reflection Garden (or Tuisi Garden) of Tong Li Town, Jiangsu Province of China was granted the "National Premier Park" Award along with 19 other parks in Chinese cities like Beijing, Suzhou, Shenyang, Jinan, Yangzhou and Changchun. Retreat and Reflection Garden received the award after MOC promulgated a new "Administrative Measures to National Premier Park" in March 2006. The measures call for a list of policies to be implemented in city parks so as to meet the national standard; namely green policies, policies of visitor controls as well as contingency planning. Retreat and Reflection Garden was recognized by MOC among the first batch of the National Premier Parks. "We're honored to receive this award at the beginning of 2007," said Mr. William Tsang, president of CWTD. "Since launching the business-travel scenic site management business in late 2006, we have worked very hard through STED to leverage our resources, management skill and technology know-how to deliver high quality travel services that create the highest level of customer satisfaction and retention in Tong Li Town. This award is a testimony to the growing customer trust and brand recognition we continue to achieve in one of the famous business-travel scenic site along Yangtze Delta region of China." Built by the retired Chinese official Ren Lansheng during 1885 and 1887, the 120-year old Retreat and Reflection Garden has also been recognized as one of the UNESCO World Heritage (http://whc.unesco.org/en/list/813) in Nov 30, 2000. The ingenious design for Retreat and Reflection Garden conforms to the local landforms and conditions that are recognized as one of the masterpiece of Chinese landscape garden design in which art, nature, and ideas are integrated perfectly to create ensembles of great beauty and peaceful harmony in an area that covers about 700 square meters (one fifth acre). 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 Relation Officer Email: ir@chinawtc.com Tel: 8620-2886 0608
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