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China World Trade Corp Hosts Cultural Festival as Tong Li Town Tourism Growth Booster in Q2

China World Trade Corporation
2007-04-24 11:22 1366

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.

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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

Source: China World Trade Corporation
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