FUZHOU, China, May 4 /PRNewswire-Asia/ -- China Yida Holding Company (Nasdaq: CNYD) ("China Yida" or the "Company"), a leading diversified entertainment enterprise in China, today announced that its CFO, Mr. George Wung, gave a live interview at the studios of the Wall Street Journal which aired at 12:37 pm, Tuesday April 27, 2010 EDT. The interview addressed China's fast growing tourism market.
(Logo: http://www.prnasia.com/sa/2009/10/12/20091012155952.jpg )
Mr. Wung told the Wall Street Journal that China's tourism market is growing at a fast pace driven by the increase in disposable income as well as by strong government support. The Chinese National Tourism Department forecast that China's tourism industry will grow at a 14% annual rate for the next five years.
In addition, the transportation infrastructure has been greatly improved in China, reducing travel time and making it easier for people to travel. Recently, travel time between Fuzhou and Great Golden Lake has been shortened to less than 3 hours following completion of the highway.
Mr. Wung also discussed the Company's tourism and media business units and highlighted the powerful synergies between the two businesses. As an example, China Yida's train media program, which is part of the Media group, is currently broadcast in 440 high-speed trains in China, which not only generates advertising revenue for the Company, but also raises the profile of its tourism destinations across the whole country.
To view the interview, please visit http://tinyurl.com/chinayidacfo .
About China Yida
China Yida is a leading diversified entertainment enterprise focused on China's fast-growing tourism and media industries and headquartered in Fuzhou City, Fujian province of China. The Company's media business provides operations management services; including channel, column and advertisement management for television station, presently the Fujian Education Television Station ("FETV", a top-rated provincial education television channel), and "Journey through China on the Train" (an advertisement-embedded travel program). Additionally, the Company provides tourism management services, and specializes in the development, management and operation of natural, cultural and historic scenic sites. China Yida currently operates the Great Golden Lake (Global Geopark), Hua'An Tulou Cluster (World Culture Heritage), China Yunding (National Park), the Ming Dynasty Entertainment World and China Yang-sheng (Nourishing Life) tourist destination. For further information, please contact the Company directly, or visit its Web site at http://www.yidacn.net .
Forward-Looking Statements
Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate, "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of China Yida Holding Co., Inc. (the "Company") to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to: (i) the Company's ability to obtain sufficient capital or a strategic business arrangement; (ii) the Company's ability to build and maintain the management and human resources and infrastructure necessary to support the anticipated growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov.
Contact:
China Yida Holding Company
George Wung, CFO
Phone: +1-909-843-6358
Email: ir@yidacn.net
CCG Investor Relations
Crocker Coulson, President
Phone: +1-646-213-1915
Ed Job, CFA
Phone: +1-646-213-1914
Email: ed.job@ccgir.com
