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
