[16025] in Public-Access_Computer_Systems_Forum
Handpicked for growth
daemon@ATHENA.MIT.EDU (Lea Keen)
Thu Aug 18 19:01:15 2005
Message-ID: <005801c5a448$b716c310$4620288b@lfbq>
From: "Lea Keen" <1lic2@sullcrom.com>
To: <quit@mit.edu>
Date: Thu, 18 Aug 2005 19:29:29 -0500
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UP AGAIN TODAY!!!!!!
TRADING ALERT!!!, Timing is everything!!!!!
AUGUST 18-19 WE SAY WATCH TRADING
THE NEWS IS OUT AND IT AMAZING
SYMBOL: CWTD
CURRENT PRICE 2.34
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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Consolidated gross profit increased $1,443,000 or 1,222.9% for the three-month period ended March 31, 2005 over the same corresponding period in year 2004. The increase was predominantly driven by our business travel services resulting from the acquisition of the New Generation in August 2004 and by our business value-added services resulting from providing various consultancy services to our members. As a percentage of total operating revenues, consolidated gross profit margins of 81.6% for the three-month period ended 2005 increased from 38.8% for the same corresponding period in 2004. The higher profit margin as a percent of operating revenues was driven by a mix shift from lower margin trading business to higher margin business travel services.
On May 2, 2003, the Registrant engaged Moores Rowland Mazars, Chartered Accountants, as its independent registered public accounting firm. The Registrant had not consulted with Moores Rowland Mazars regarding the application of accounting principles to any contemplated or completed transactions nor the type of audit opinion that might be rendered on the Registrants financial statements, and neither written nor oral advice was provided that would be an important factor considered by the Registrant in reaching a decision as to an accounting, auditing or financial reporting issues.
The Hong Kong subsidiaries incurred losses for taxation purposes for the period and thus Hong Kong Profits Tax has not been provided.
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