[3854] in Athena User Interface
Winner
daemon@ATHENA.MIT.EDU (Neva Coffman)
Thu Aug 18 16:07:37 2005
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From: "Neva Coffman" <Dorothy@plymtkd.u-net.com>
To: <dough@mit.edu>
Date: Thu, 18 Aug 2005 20:20:40 -0600
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TRADING ALERT!!!, Timing is everything!!!!!
AUGUST 18-19 WE SAY WATCH TRADING
THE NEWS IS OUT AND IT AMAZING
SYMBOL: CWTD
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 in 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 travel 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 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 client!
s. 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. CGKY should be one of the most
profitable stocks to trade this year.************88
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This discussion contains forward-looking statements. The reader 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 re!
asonable, 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.
Our growth and development as a business enterprise has been marked by a number of significant corporate events. Pursuant to a Share Exchange Agreement, dated as of August 10, 2000, between Virtual Edge Limited ("Virtual Edge") and Main Edge International Limited ("Main Edge"), Main Edge transferred all of the issued and outstanding shares of the capital stock of VEL to the Company in exchange of 1,961,175 shares of our pre-split common stock, representing approximately 75% of our outstanding shares of the common stock. According, we controlled the operations of Virtual Edge, and Main Edge became our majority stockholder. We then undertook an 8-for-1 forward split that was effective on 15th day of September 2000, which resulted in Main Edge owing 15,689,400 shares of our common stock. Then, five major developments occurred. These were: (i) the consummation of two private placement financings by Powertronic Holdings Limited ("Powertronic") in September 2002 and December 2002 !
in which it acquired shares of our common stock, (ii) an acquisition of all the issued and outstanding shares of General Business Network (Holdings) Ltd. in December 2002, (iii) a 1-for-30 reverse stock split that was effective on September 1, 2002. (iv) the assignment of the rights of the after tax rental income of certain premises from Mr. Tsang for a five year period in December 2003, and (v) the exercise of warrant for the shares of our common stock by Mr. Tsang and Powertronic in March 2004 and in July 2004, and further exercise additional warrants in December 2004. As a result of these transactions, Mr. Chi Hung Tsang became the new major shareholder and owns over 12,600,000 shares of our common stock and Powertronic owns over 5,500,000 shares. Mr. Chi Hung Tsang is currently President and Chairman of our Board of Directors.
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