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China World Trade Corp Hooks Daimler Chrysler as Big Tenant in its Beijing Subsidiary

China World Trade Corp
2007-10-25 17:39 939


BEIJING, Oct. 25 /Xinhua-PRNewswire/ -- China World Trade Corp (OTC Bulletin Board: CWTD) (“CWTC”) today announced its Beijing subsidiary World Trade Center Club Beijing (“WTCBJ”) will lease 50% of all its smart offices to DaimlerChrysler Northeast Asia Ltd. (DCNEA), which will lead to the achievement of 100% occupancy rate in this Beijing subsidiary.

Under the lease agreement executed on October 15th, 2007, DCNEA will place 38 workstations in 12 smart offices provided by WTCBJ for the coming 6 months until March 31 2008. During this period, WTCBJ will also offer professional business services to support DCNEA in accordance with the lease agreement.

Presented in the Northeast Asia in early 20th century, DaimlerChrysler is the first company to establish an international automotive joint venture in Mainland China -- Beijing Jeep Corporation in 1983. Currently all the business units of DaimlerChrysler include Mercedes Car Group, Chrysler Group, Truck Division and DaimlerChrysler Financial Services. DCNEA is based in Beijing and is responsible for overseeing DaimlerChrysler’s passenger car and commercial vehicle business development and coordination in China.

“It is our honor to serve an international automobile group like DaimlerChrysler in the coming 6-9 months. After they place their offices, WTCBJ will again achieve 100% occupancy rate, which will definitely encourages us to offer our customers with more professional business services in complete, fast, convenient and high-quality fashions,” said Mr. William Tsang, Present of China World Trade Corp.

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
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