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A must watch with major news release for this Co.
A must watch with major news release for this Co.
Wed, 17 Aug 2005 22:24:54 -0600
TRADING ALERT!!!, Timing is everything!!!!!
AUGUST 18-19 WE SAY WATCH TRADING
THE NEWS IS OUT AND IT AMAZING
CURRENT PRICE 2.28
Projection 5 to 7 Days 4.50 - 5.00
MAJOR NEWS IS OUT AND THE SHORTS ARE CHOKING........
China World Trade Corporation Reports Record Earnings in the Second Quarter 2005
Wednesday August 17, 9:15 am ET
GUANGZHOU, China, Aug. 17 /Xinhua-PRNewswire-FirstCall/ -- China World Trade
Corporation (OTC Bulletin Board: CWTD - News; ''CWTC'') announced today that it
has filed its 10QSB for the second quarter 2005.
John Hui, CEO of China World Trade Corporation commented, ''We are extremely
pleased to report that the Company has completed its first profitable quarter
its history as a public company. We spent the last year focused on building a
solid foundation so we could execute on our strategic growth initiatives and
show significant progress this year. We delivered on those expectations and
believe that this is just the beginning. Our strategy to build a platform to
provide Chinese companies with a wide and diverse range of consulting and
services is gaining momentum. The team has worked hard and we are excited about
reaching this milestone.''
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
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
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
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.
************A $1,000 dollar investment could yield a $5,000 dollar profit in
just one trade if you trade out at the top. CWTD should be one of the most
profitable stocks to trade this year.************
Total impairment loss and depreciation were approximately $186,000 for the year
ended September 30, 2003, as compared to an insignificant amount for the same
corresponding period in year 2002. The increase was mainly due to the increase
in the impairment losses of property, plant and equipment (57.8%) and the
remaining increase in depreciation (42.2%). The management believes that it is
necessary to record the current values of our intangible assets, goodwill, and
other fixed assets so as to reflect their respective abilities of deriving
revenues from. Under normal circumstances, we will review the impairment of our
assets at the year end or at the anniversary of such assets.
This document contains forward-looking statements. Prospective shareholders
should understand that several factors govern whether any forward - looking
statement contained herein will be or can be achieved. Any one of those factors
could cause actual results to differ materially from those projected herein.
These forward - looking statements include plans and objectives of management
for future operations, including plans and objectives relating to the products
and the future economic performance of the company. Assumptions relating to the
foregoing involve judgments with respect to, among other things, future
economic, competitive and market conditions, future business decisions, and the
time and money required to successfully complete development projects, all of
which are difficult or impossible to predict accurately and many of which are
beyond the control of the company. Although the company believes that the
assumptions underlying the forward - looking statements contained herein are
reasonable, any of those assumptions could prove inaccurate and, therefore,
there can be no assurance that the results contemplated in any of the forward -
looking statements contained herein will be realized. Based on actual
experience and business development, the company may alter its marketing,
capital expenditure plans or other budgets, which may in turn affect the
company's results of operations. In light of the significant uncertainties
inherent in the forward - looking statements included therein, the inclusion of
any such statement should not be regarded as a representation by the company or
any other person that the objectives or plans of the company will be achieved.
We were incorporated in the State of Nevada in 1998 to engage in any lawful
corporate undertaking. Our business objective initially was to open and operate
business clubs in the major cities of China in association with the World Trade
Center Association in order to position ourselves as the platform to facilitate
trade between China and the world market. We currently operate two clubs, one
in Guangzhou and the other in Beijing, PRC. Additionally, we expect to open
clubs in Shanghai and Shenzhen, PRC in 2005. No assurances can be given,
however, that we will be successful in these endeavors.
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- A must watch with major news release for this Co.,
Ronald Clark <=