omniture

China World Trade Corp Secures High Profile Long Term Tenant In Its Guangzhou Subsidiary

China World Trade Corp
2007-10-16 18:42 921

GUANGZHOU, China, Oct. 16 /Xinhua-PRNewswire/ -- China World Trade Corp (OTC Bulletin Board: CWTD) ("CWTC") today announced Xi’an Asset and Equity Exchange (“XAEE”) has committed to be long term tenant of World Trade Center Club Guangzhou ("WTCGZ") recently.

With a 4-year lease agreement executed in July 2007, WTCGZ provided a strategic office location with a floor size of 950 square meters for XAEE to establish a new subsidiary in the prime business area of Guangzhou city. XAEE has already established similar subsidiaries in Shanghai, Beijing and Shenzhen. The expansion plan of XAEE subsidiary in Guangzhou will include establishing strategic partnership with several media, securities house as well as investment institutes in Southern China.

XAEE ( http://www.xaee.com ) is one of the well known local trading platforms of non-listed state-owned enterprises. Founded in 1993 in the northwest Chinese city Xi’an, this exchange has facilitated the M&A of state-owned equities of Chinese enterprise and even makes possible direct financing to local companies.

Since its incorporation, WTCGZ has been offering office spaces with flexible lease terms under the brand name “smart office” in Tianhe District, a prime business district in Guangzhou city of China. WTCGZ now offers 36 smart office rentals and houses 25 tenants including world renowned companies that have strong international presence, most of which have committed to a one-year lease term agreement. Tenants at the World Trade Center Clubs receive priority to participate in seminars, lectures, and events hosted by the World Trade Center clubs.

“We are pleased with our continuous achievement by having commitments of tenants with high profile locally and internationally, which are all supportive in creating a business community in Southern China that facilitates business networking at different levels,” said Mr. William Tsang, President of China World Trade Corp. “We are also looking forward to providing the services ranging from mergers and acquisitions, consulting and providing strategic introductions to the manufacturing distribution channel opportunities across China in the future.”

About China World Trade Corp

China World Trade Corp (OTCBB: CWTD) (“CWTC”) is a leading provider of business, hotel management and investment & consultancy in China. The Club and Business Center Division is devoted to provide business meeting venues, travel & support services to domestic and foreign entities seeking to do business in China’s key trade cities. CWTC’s hotel management division, CWT Hotel, focuses on high margin hotel management and development support services and provides hotel renovation and management project services. The investment & consulting services division provides technology and infrastructure expertise and investment to China-based development projects in key cities.

More information about China World Trade Corp is available at http://www.chinawtc.com .

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.

For more information, please contact:

Investor Relations Officer

Tel: +86-20-2886-0608

Email: ir@chinawtc.com

Source: China World Trade Corp
Related Stocks:
OTC:CWTD
Keywords: Real Estate
collection