China World Trade Corporation Experiences Increased Travel Sales in Foshan Following Inclusion in Guangdong Telecom 114 Directory Service
26 April 2006
China World Trade Corporation (OTC Bulletin Board: CWTD) ("CWTC") today announced that the company's business travel services subsidiary, Guangdong New Generation Commercial Management Company Limited ("GDNG"), experienced increased travel sales in Foshan and Shenzhen during the first quarter ended March 31, 2006, following its inclusion in Guangdong Telecom's 114 specialized telephone directory service.
Guangdong Telecom is a subsidiary of China Telecom, China's largest telecommunications provider. Guangdong Telecom provides telecommunications services to more than 30 million Chinese people in Southeast China.
Through an agreement with Guangdong Telecommunications, GDNG's air ticketing and hotel reservation services were made available to Guangdong Telecommunications customers in Foshan through its 114 telephone directory service during the first quarter of 2006. In addition, GDNG also provided flight schedule and weather forecast information over this service. Located in Guangdong province, Foshan and Shenzhen cities have estimated populations of 5.8 million and 8.2 million, respectively.
"We are very pleased with the results we achieved through the Guangdong Telecom 114 telephone directory service platform, which specializes in serving frequent travelers," said Mr. William Tsang, President of China World Trade Corporation, "Since launching this initiative, we have seen increased year- over-year ticket sales activity in these key business markets, despite the seasonal slowdown in demand for travel services following the Chinese holiday season. We have now expanded the program to Zhongshan, which has an estimated population of 2.5 million, and are looking at other opportunities to leverage this service to expand awareness of our services. The 114 telephone directory service platform is another step forward in our strategic plan to grow and expand the customer base for our business travel and value added services."
GDNG operates a 24/7 InfoTech-enabled call center that allows customers to purchase air tickets, hotels, packaged tours as well as airport shuttle services from anywhere within China. Customers can also make reservations via the company's website at http://www.4008168168.com .
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, New Generation, provides CWTC access to the rapidly growing travel-related industry. New Generation is a pioneer and market leader in the travel agency business through its strong network of ticketing sales operations throughout Southern China. The Business Value- Added Services Division focuses on value-added services of credit cards, merchant-related business services, as well as consultancy services to CWTC members and clients. Guangdong World Trade Link Information Services Limited ("WTC Link"), a subsidiary of CWTC, manages the Company's co-branded credit card project and is an active provider of CRM solutions and services in China.
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:
E.E. Wang
Investor Relations
Tel: +1-212-481-2050
Email: ee@thepiacentegroup.com
Source: prnewswire
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