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China World Trade Corp Appoints New Chief Development Officer

China World Trade Corp
2007-09-20 18:03 9220


GUANGZHOU, China, Sept. 20 /Xinhua-PRNewswire/ -- China World Trade Corp (OTC Bulletin Board: CWTD) today announced the appointment of Mr. Raymond Tse, aged 51, to the position of Chief Development Officer (CDO). Mr. Tse brings more than 30 years of hotel management and service industry expertise to the Company.

Starting on September 1, 2007 Mr. Tse will have the responsibility for developing new business opportunities in the area of clubhouses and hotel management at China World Trade Corp.

"Mr. Tse’s unique combination of over 30 years of extensive industry knowledge, business development strength, organizational management skills and international experience in hotel management make him the ideal choice to help drive our company’s strategic direction in clubhouse and hotel management, and seek out opportunities to expand the market," said William Tsang, President of China World Trade Corp.

Prior to China World Trade Corp, Mr. Tse is the founder of Armstrong Hotel Management Company Limited which was incorporated in 2001 and engaged in a number of hotel management projects in various Chinese cities like Beijing, Hong Kong, Qingdao, Nanjing, Nanchang and Guangzhou. Mr. Tse also worked for 4 years as Chief Director of Operation in New World Hotel Investment Company Limited (subsidiary of New World Development Company Limited; HKSE: 0017) and be responsible for the operation and development of more than 20 hotels in the Asia Pacific Region. Mr. Tse had also worked for hotel groups in Canada and United States including Caesar World International Inc., Laventhal & Horwath Hotel Management and Consolidated Hotel Management.

About China World Trade Corp

China World Trade Corp (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.

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: Travel
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