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Date: Sun, 14 Aug 2005 00:09:45 -0500
From: "Jami Mullen" <Robin@andrieu.net>
To: <guido@freebsd.org>
Subject: Major news release for this Co.  Watch tomorrow

>Number:         84900
>Category:       junk
>Synopsis:       Major news release for this Co.  Watch tomorrow
>Confidential:   no
>Severity:       serious
>Priority:       low
>Responsible:    linimon
>State:          closed
>Quarter:        
>Keywords:       
>Date-Required:  
>Class:          sw-bug
>Submitter-Id:   current-users
>Arrival-Date:   Sun Aug 14 04:20:14 GMT 2005
>Closed-Date:    Sun Aug 14 20:15:03 GMT 2005
>Last-Modified:  Sun Aug 14 20:15:03 GMT 2005
>Originator:     
>Release:        
>Organization:
>Environment:
>Description:
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     EMERGING =3D
 GROWTH ALERT
     
    
    
     
     Issue:
     1066728
     
     
     August 2005
     
    
    
     
     
      
       
       
        
         
         China World Trade =3D
 &nbsp;
         Undervalued Special Situation
         
        
        
         
         Symbol: =3D
 
         
         
         CWTD
         
        
        
         
         52 Week =3D
 Range
         
         
         $ 1.70
         - 4.50
         
        
        
         
         Shares =3D
 Float: 
         
         
         25,000,000
         
        
        
         
         Current =3D
 Price:
         
         
         $ =3D
 2.23
         
        
        
         
         12 Mo.Target Price
         
         
         $ =3D
 9.50
         
        
        
         
         &nbsp;Avg Volume
         
         
         137,000
         
        
       
       
       
      
     
     Breaking =3D
 News
     Alerts!
     Big News Expected&nbsp;=3D
 &nbsp;=3D
 Monday&nbsp; Aug&nbsp;&nbsp;15th&nbsp;
     Value should climb quickly!&nbsp; Be ready for the ride of your life, =
 as you =3D
 can
     see so far&nbsp;
     China World Trade
     Corporation Acquires Hotel Booking And Group Tour Travel =3D
 Agency
     Monday August 8, =3D
 8:42 am ET
     
     
      
       
       &nbsp;
       
      
     
     Company's Strategic Acquisition Further Positions =3D
 Itself
     as a Leading Business Services Company in China =3D
 
     GUANGZHOU,
     China, Aug. 8 /Xinhua-PRNewswire/ -- China =3D
 World
     Trade Corporation (OTC Bulletin Board: CWTD - =3D
 News; =3D
 ''CWTC'')
     announced today that its subsidiary Guangdong New Generation =3D
 Commercial
     Management Co., Ltd (''New Generation''), entered into an agreement to
     acquire Guangdong Hao Shi Guang
     Travel Agency Limited (''Hao Shi Guang'') from Guangdong Rising Hotel =
 Group Co., =3D
 Ltd
     (''Guangdong Rising Group''). Under the agreement, New Generation will
     obtain a majority stake of up to 70% of Hao Shi Guang through a =
 capital injection. The =3D
 cooperation will
     also include a joint development of an interactive hotel booking =3D
 system
     connecting Guangdong Rising Group hotel chains and integrating them =
 =3D
 into
     New Generation's current travel booking enterprise system which will
     further enhance its travel offerings to New Generation's customers. =
 =3D
 
     ''We are excited =3D
 and
     confident that our cooperation with CWTC's =3D
 travel
     subsidiary, New Generation will lead to future success in the =3D
 continued
     development of our travel business in Southern China,'' said Mr. =
 Bangfu He, President of Guangdong Rising Group, =3D
 ''The
     Guangdong Rising Group runs a wide range of travel related services
     including hotel bookings, group travel services and ground =3D
 transportation
     arrangements. This strategic acquisition will allow us to capture more =
 =3D
 of
     Southern China's travel market share by offering a broader range of
     services to our customers.'' 
     William Tsang, =3D
 President
     of CWTC commented, ''As China
     becomes a member of the World Trade Organization, the Chinese economy =
 =3D
 will
     be further boosted by the frequent business commuters between =3D
 China and
     the rest of the world. Our goal is to develop a comprehensive business
     services and travel platform to offer the necessary resources to our
     corporate clients and members so that they experience seamless =3D
 business and
     travel while in China.
     The cooperation with Guangdong Rising Group is synergistic to the =3D
 travel
     segment of our business because it allows us to further penetrate the
     corporate and individual travel market by diversifying our services =
 =3D
 through
     premier channels.'' 
     About Rising =3D
 Group 
     Guangdong Rising =3D
 Hotel
     Group Co., Ltd (Guangdong Rising Group) is a state- owned hotel =3D
 management
     corporation that was founded in 2002. Headquartered in Guangzhou, =
 China
     the Company has 23 subsidiaries and employs over 3,000 people. =3D
 Guangdong
     Rising Group owns the Asian International Hotel, one of the most =3D
 popular
     five-star hotels in Southern China, Guangzhou's
     Ramada Pearl Hotel, a four-star hotel, and two three-star hotels =3D
 Guangzhou HuaHai Hotel and Guangzhou SanYu
     Hotel. These hotels are strategically located near in commercial =3D
 centers in
     Guangzhou. Hao Shi Guang was =3D
 established
     in 2003 to capture the rapidly growing needs of the hotel business in =
 =3D
 China. The
     group was strategically formed to bring together a complete set of =3D
 hotel
     chains for ecological and leisure travel activities. Guangdong Rising =
 =3D
 Group
     devotes itself to other travel related businesses including real =3D
 estate
     management and property development. 
     For more =3D
 information,
     please see Guangdong Rising Group's website at: =
 http://www.gdrising.com.cn/cn/sub-company/index.aspx?companyid=3D3D33
     
     About China World =3D
 Trade
     Corporation 
     China World Trade
     Corporation (CWTC) has established its business in three distinct =3D
 areas:
     the club and business centers throughout major cities in =3D
 China,
     business travel-related services, and business value-added services. =
 =3D
 The
     Club and Business Center Division is devoted to the building of the =
 =3D
 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 =
 =3D
 of
     CEO Clubs China Limited (&quot;CEO Clubs&quot;) 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 =
 =3D
 the
     rapidly growing travel-related industry. New Generation is a pioneer =
 =3D
 and
     market leader in the travel agency business through its strong network =
 =3D
 of
     ticketing sales operations throughout Southern =3D
 China.
     The Business Value- Added Services Division focuses on value-added =3D
 services
     of credit cards, merchant-related business services, as well as =3D
 consultancy
     services to CWTC members and clients. Guangdong World Trade Link
     Information Services Limited (&quot;WTC Link&quot;), a subsidiary of =
 =3D
 CWTC,
     manages the Company's co-branded credit card project and is an active
     provider of CRM solutions and services in China.
     
     
     CWTD is getting ready to break out. We recommend this as a VERY
     strong buy.
     
    
    
     
     &nbsp;
     
    
   
   
   
   
  
  
   
   &nbsp;
   &nbsp;
   &nbsp;
   &nbsp;
   &nbsp;
   &nbsp;
   &nbsp;
   &nbsp;
   &nbsp;
   TIANHE, Guangzhou, China, May 31 /Xinhua-PRNewswire/ -- China World =3D
 Trade Corporation (OTC Bulletin Board: CWTD - News) announced today that =
 =3D
 it has launched its third Annual U.S. CEO Club tour in China from May 25 =
 =3D
 to June 5, 2005. This visit for American CEO Club members to China =3D
 consists of a delegation of 36 U.S. CEO Club participants, who will be =3D
 engaged in a wide range of business activities during the tour. The CEO =
 =3D
 delegation will be invited to attend the China Beijing International =3D
 High-Tech Expo (CHITEC) during its stay in Beijing. The tour will provide =
 =3D
 an opportunity for the delegates to visit other major cities including =3D
 Shenyang, Xi'an, Kunming, Shenzhen and Guangzhou and to have meetings with =
 =3D
 the local governments and enterprises for potential business and =3D
 networking opportunities. 
   &nbsp;
   Total impairment loss and depreciation were approximately $1,438,000 =3D
 for the year ended December 31, 2004, as compared to the same =3D
 corresponding period in year 2003, an increase of $1,232,000 or 598.1% =3D
 from $206,000. The increase was mainly due to the increase in the =3D
 impairment losses of intangible assets (18.1%); goodwill (31.4%); and =3D
 property, plant and equipment (39.6%); and the remaining increase in =3D
 depreciation (10.9%). The management believes that it is necessary to =3D
 record the current values of our intangible assets, goodwill, and other =
 =3D
 fixed assets so as to reflect their respective abilities of deriving =3D
 revenues. Under normal circumstances, we will review the impairment of our =
 =3D
 assets at the year end or at the anniversary of such assets.  
   
  
 
 
 
 
 &nbsp;
 
 
            
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 xmlns=3D"http://www.w3.org/TR/REC-html40">
 
 <body lang=3DEN-US link=3Dblue vlink=3Dpurple style=3D'tab-interval:.5in'>
 
 <div class=3DSection1>
 <div align=3Dcenter>
 
 <table class=3DMsoNormalTable border=3D1 cellspacing=3D0 cellpadding=3D0 =
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  style=3D'width:490.5pt;mso-cellspacing:0in;border:outset black =
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  outset black .75pt;mso-padding-alt:0in 0in 0in 0in'>
  <tr style=3D'mso-yfti-irow:0;mso-yfti-firstrow:yes'>
   <td width=3D650 style=3D'width:487.5pt;border:inset black =
 1.0pt;mso-border-alt:
   inset black .75pt;padding:0in 0in 0in 0in'>
   <div align=3Dcenter>
   <table class=3DMsoNormalTable border=3D0 cellspacing=3D0 cellpadding=3D0 =
 width=3D650
    style=3D'width:487.5pt;mso-cellspacing:0in;mso-padding-alt:2.25pt =
 2.25pt 2.25pt 2.25pt'>
    <tr style=3D'mso-yfti-irow:0;mso-yfti-firstrow:yes;height:34.5pt'>
     <td colspan=3D2 style=3D'background:teal;padding:6.0pt 6.0pt 6.0pt =
 6.0pt;
     height:34.5pt'>
     <p><strong><span style=3D'font-size:13.5pt;color:white'>EMERGING =
 GROWTH ALERT</span></strong><span
     style=3D'font-size:13.5pt'><o:p></o:p></span></p>
     </td>
    </tr>
    <tr style=3D'mso-yfti-irow:1'>
     <td style=3D'background:black;padding:1.5pt 1.5pt 1.5pt 1.5pt'>
     <p class=3DMsoNormal><span style=3D'color:white'>Issue:
     1066728</span></p>
     </td>
     <td style=3D'background:black;padding:1.5pt 1.5pt 1.5pt 1.5pt'>
     <p class=3DMsoNormal align=3Dright style=3D'text-align:right'><span
     style=3D'color:white'>August 2005</span></p>
     </td>
    </tr>
    <tr style=3D'mso-yfti-irow:2'>
     <td colspan=3D2 style=3D'padding:7.5pt 7.5pt 7.5pt 7.5pt'>
     <table class=3DMsoNormalTable border=3D1 cellspacing=3D0 =
 cellpadding=3D0
      align=3Dright width=3D325 =
 style=3D'width:243.75pt;mso-cellspacing:0in;
      =
 mso-table-lspace:2.25pt;mso-table-rspace:2.25pt;mso-table-anchor-vertical:
      paragraph;mso-table-anchor-horizontal:column;mso-table-left:right;
      mso-table-top:middle;mso-padding-alt:0in 0in 0in 0in'>
      <tr =
 style=3D'mso-yfti-irow:0;mso-yfti-firstrow:yes;mso-yfti-lastrow:yes'>
       <td style=3D'padding:0in 0in 0in 0in'>
       <table class=3DMsoNormalTable border=3D1 cellspacing=3D0 =
 cellpadding=3D0
        align=3Dright width=3D325 =
 style=3D'width:243.75pt;mso-cellspacing:0in;
        =
 mso-table-lspace:2.25pt;mso-table-rspace:2.25pt;mso-table-anchor-vertical:
        paragraph;mso-table-anchor-horizontal:column;mso-table-left:right;
        mso-table-top:middle;mso-padding-alt:2.25pt 2.25pt 2.25pt 2.25pt'>
        <tr style=3D'mso-yfti-irow:0;mso-yfti-firstrow:yes'>
         <td colspan=3D2 style=3D'background:teal;padding:2.25pt 2.25pt =
 2.25pt 2.25pt'>
         <p class=3DMsoNormal><st1:country-region w:st=3D"on"><st1:place =
 w:st=3D"on"><span
           class=3Dt1><span =
 style=3D'font-size:15.5pt'>China</span></span></st1:place></st1:country-reg=
 ion><span
         class=3Dt1><span style=3D'font-size:15.5pt'> World Trade =
 </span></span><b><span
         style=3D'mso-spacerun:yes'>&nbsp;</span></b><b><span =
 style=3D'font-size:
         10.0pt;color:white'><br>
         <strong>Undervalued Special Situation</strong></span></b></p>
         </td>
        </tr>
        <tr style=3D'mso-yfti-irow:1'>
         <td width=3D"53%" style=3D'width:53.0%;padding:2.25pt 2.25pt =
 2.25pt 2.25pt'>
         <p class=3DMsoNormal><span style=3D'font-size:10.0pt'>Symbol: =
 </span></p>
         </td>
         <td width=3D"47%" style=3D'width:47.0%;padding:2.25pt 2.25pt =
 2.25pt 2.25pt'>
         <p class=3DMsoNormal><em><b><span =
 style=3D'font-size:10.0pt'>CWTD</span></b></em></p>
         </td>
        </tr>
        <tr style=3D'mso-yfti-irow:2'>
         <td style=3D'padding:2.25pt 2.25pt 2.25pt 2.25pt'>
         <p class=3DMsoNormal><span style=3D'font-size:10.0pt'>52 Week =
 Range</span></p>
         </td>
         <td style=3D'padding:2.25pt 2.25pt 2.25pt 2.25pt'>
         <p class=3DMsoNormal><span =
 style=3D'font-size:10.0pt;font-family:Arial'>$ 1.70
         - 4.50</span><span =
 style=3D'font-size:10.0pt'><o:p></o:p></span></p>
         </td>
        </tr>
        <tr style=3D'mso-yfti-irow:3'>
         <td style=3D'padding:2.25pt 2.25pt 2.25pt 2.25pt'>
         <p class=3DMsoNormal><span style=3D'font-size:10.0pt'>Shares =
 Float: </span></p>
         </td>
         <td style=3D'padding:2.25pt 2.25pt 2.25pt 2.25pt'>
         <p class=3DMsoNormal><span =
 style=3D'font-size:10.0pt'>25,000,000</span></p>
         </td>
        </tr>
        <tr style=3D'mso-yfti-irow:4'>
         <td style=3D'padding:2.25pt 2.25pt 2.25pt 2.25pt'>
         <p class=3DMsoNormal><span style=3D'font-size:10.0pt'>Current =
 Price:</span></p>
         </td>
         <td style=3D'padding:2.25pt 2.25pt 2.25pt 2.25pt'>
         <p class=3DMsoNormal><span style=3D'font-size:10.0pt;color:blue'>$ =
 </span><b><span
         =
 style=3D'font-size:9.5pt;font-family:Arial;color:blue'>2.23</span></b></p>
         </td>
        </tr>
        <tr style=3D'mso-yfti-irow:5'>
         <td style=3D'padding:2.25pt 2.25pt 2.25pt 2.25pt'>
         <p class=3DMsoNormal><span style=3D'font-size:10.0pt'>12 <span
         class=3DSpellE>Mo.Target</span> Price</span></p>
         </td>
         <td style=3D'padding:2.25pt 2.25pt 2.25pt 2.25pt'>
         <p class=3DMsoNormal><span style=3D'font-size:10.0pt'>$ =
 9.50</span></p>
         </td>
        </tr>
        <tr style=3D'mso-yfti-irow:6;mso-yfti-lastrow:yes'>
         <td style=3D'padding:2.25pt 2.25pt 2.25pt 2.25pt'>
         <p class=3DMsoNormal><span style=3D'font-size:10.0pt'>&nbsp;<span
         class=3DSpellE>Avg</span> Volume</span></p>
         </td>
         <td style=3D'padding:2.25pt 2.25pt 2.25pt 2.25pt'>
         <p class=3DMsoNormal>137,000</p>
         </td>
        </tr>
       </table>
       <p class=3DMsoNormal><o:p></o:p></p>
       </td>
      </tr>
     </table>
     <p><strong><i><span style=3D'font-size:13.5pt;color:#CC0000'>Breaking =
 News
     Alerts!</span></i></strong></p>
     <p><em><b><span style=3D'color:#CC0000'>Big News Expected<span =
 class=3DGramE>&nbsp;<span
     =
 style=3D'font-size:10.0pt;color:blue;font-weight:normal;font-style:normal'>=
 &nbsp;</span><span
     =
 style=3D'font-size:10.0pt;color:blue;font-weight:normal;font-style:normal'>=
 Monday</span></span></span></b></em><span
     style=3D'font-size:10.0pt;color:blue'>&nbsp;</span><em><b><span
     style=3D'color:#CC0000'> Aug&nbsp;</span></b></em><span =
 style=3D'font-size:
     10.0pt;color:blue'>&nbsp;15th&nbsp;</span><span =
 style=3D'color:#CC0000'><br>
     <em><b>Value should climb quickly!</b></em></span><span =
 style=3D'font-size:
     10.0pt;color:blue'>&nbsp; Be ready for the ride of your life, as you =
 can
     see so far&nbsp;</span></p>
     <p><span class=3Dt1><span style=3D'font-size:15.5pt'>China World Trade
     Corporation Acquires Hotel Booking And Group Tour Travel =
 Agency</span></span><br>
     <span class=3Dtt1><span style=3D'font-size:8.5pt'>Monday August 8, =
 8:42 am ET</span></span>
     <o:p></o:p></p>
     <table class=3DMsoNormalTable border=3D0 cellspacing=3D0 =
 cellpadding=3D0
      style=3D'mso-cellspacing:0in;mso-padding-alt:0in 0in 0in 0in' =
 height=3D4>
      <tr =
 style=3D'mso-yfti-irow:0;mso-yfti-firstrow:yes;mso-yfti-lastrow:yes;
       height:3.0pt'>
       <td style=3D'padding:0in 0in 0in 0in;height:3.0pt'>
       <p class=3DMsoNormal><span =
 style=3D'font-size:3.0pt;mso-bidi-font-size:12.0pt'><o:p>&nbsp;</o:p></span=
 ></p>
       </td>
      </tr>
     </table>
     <p><span class=3Dt21>Company's Strategic Acquisition Further Positions =
 Itself
     as a Leading Business Services Company in <st1:country-region =
 w:st=3D"on"><st1:place
      w:st=3D"on">China</st1:place></st1:country-region></span> =
 <o:p></o:p></p>
     <p class=3DMsoNormal><span =
 style=3D'font-size:9.5pt;font-family:Arial'>GUANGZHOU,
     China, Aug. 8 /<span class=3DSpellE>Xinhua-PRNewswire</span>/ -- China =
 World
     Trade Corporation (OTC Bulletin Board: <a
     href=3D"http://finance.yahoo.com/q?s=3Dcwtd.ob&amp;d=3Dt">CWTD</a> - =
 <a
     href=3D"http://finance.yahoo.com/q/h?s=3Dcwtd.ob">News</a><b>;</b> =
 ''CWTC'')
     announced today that its subsidiary Guangdong New Generation =
 Commercial
     Management Co., Ltd (''New Generation''), entered into an agreement to
     acquire Guangdong <span class=3DSpellE>Hao</span> Shi <span =
 class=3DSpellE>Guang</span>
     Travel Agency Limited (''<span class=3DSpellE>Hao</span> Shi <span
     class=3DSpellE>Guang</span>'') from Guangdong Rising Hotel Group Co., =
 Ltd
     (''Guangdong Rising Group''). Under the agreement, New Generation will
     obtain a majority stake of up to 70% of <span =
 class=3DSpellE>Hao</span> Shi <span
     class=3DSpellE>Guang</span> through a capital injection. The =
 cooperation will
     also include a joint development of an interactive hotel booking =
 system
     connecting Guangdong Rising Group hotel chains and integrating them =
 into
     New Generation's current travel booking enterprise system which will
     further enhance its travel offerings to New Generation's customers. =
 <o:p></o:p></span></p>
     <p><span style=3D'font-size:9.5pt;font-family:Arial'>''We are excited =
 and
     confident that our cooperation with <span class=3DSpellE>CWTC's</span> =
 travel
     subsidiary, New Generation will lead to future success in the =
 continued
     development of our travel business in Southern China,'' said Mr. <span
     class=3DSpellE>Bangfu</span> He, President of Guangdong Rising Group, =
 ''The
     Guangdong Rising Group runs a wide range of travel related services
     including hotel bookings, group travel services and ground =
 transportation
     arrangements. This strategic acquisition will allow us to capture more =
 of
     Southern China's travel market share by offering a broader range of
     services to our customers.'' <o:p></o:p></span></p>
     <p><span style=3D'font-size:9.5pt;font-family:Arial'>William Tsang, =
 President
     of CWTC commented, ''As <st1:country-region =
 w:st=3D"on">China</st1:country-region>
     becomes a member of the World Trade Organization, the Chinese economy =
 will
     be further boosted by the frequent business commuters between =
 <st1:country-region
     w:st=3D"on"><st1:place =
 w:st=3D"on">China</st1:place></st1:country-region> and
     the rest of the world. Our goal is to develop a comprehensive business
     services and travel platform to offer the necessary resources to our
     corporate clients and members so that they experience seamless =
 business and
     travel while in <st1:country-region w:st=3D"on"><st1:place =
 w:st=3D"on">China</st1:place></st1:country-region>.
     The cooperation with Guangdong Rising Group is synergistic to the =
 travel
     segment of our business because it allows us to further penetrate the
     corporate and individual travel market by diversifying our services =
 through
     premier channels.'' <o:p></o:p></span></p>
     <p><span style=3D'font-size:9.5pt;font-family:Arial'>About Rising =
 Group <o:p></o:p></span></p>
     <p><span style=3D'font-size:9.5pt;font-family:Arial'>Guangdong Rising =
 Hotel
     Group Co., Ltd (Guangdong Rising Group) is a state- owned hotel =
 management
     corporation that was founded in 2002. Headquartered in <st1:place =
 w:st=3D"on"><st1:City
      w:st=3D"on">Guangzhou</st1:City>, <st1:country-region =
 w:st=3D"on">China</st1:country-region></st1:place>
     the Company has 23 subsidiaries and employs over 3,000 people. =
 Guangdong
     Rising Group owns the Asian International Hotel, one of the most =
 popular
     five-star hotels in Southern China, <st1:City w:st=3D"on"><st1:place =
 w:st=3D"on">Guangzhou</st1:place></st1:City>'s
     Ramada Pearl Hotel, a four-star hotel, and two three-star hotels =
 Guangzhou <span
     class=3DSpellE>HuaHai</span> Hotel and Guangzhou <span =
 class=3DSpellE>SanYu</span>
     Hotel. These hotels are strategically located near in commercial =
 centers in
     <st1:City w:st=3D"on"><st1:place =
 w:st=3D"on">Guangzhou</st1:place></st1:City>. <span
     class=3DSpellE>Hao</span> Shi <span class=3DSpellE>Guang</span> was =
 established
     in 2003 to capture the rapidly growing needs of the hotel business in =
 <st1:country-region
     w:st=3D"on"><st1:place =
 w:st=3D"on">China</st1:place></st1:country-region>. The
     group was strategically formed to bring together a complete set of =
 hotel
     chains for ecological and leisure travel activities. Guangdong Rising =
 Group
     devotes itself to other travel related businesses including real =
 estate
     management and property development. <o:p></o:p></span></p>
     <p><span style=3D'font-size:9.5pt;font-family:Arial'>For more =
 information,
     please see Guangdong Rising Group's website at: <a
     =
 href=3D"http://www.gdrising.com.cn/cn/sub-company/index.aspx?companyid=3D33=
 ">http://www.gdrising.com.cn/cn/sub-company/index.aspx?companyid=3D33</a>
     <o:p></o:p></span></p>
     <p><span style=3D'font-size:9.5pt;font-family:Arial'>About China World =
 Trade
     Corporation <o:p></o:p></span></p>
     <p><span style=3D'font-size:9.5pt;font-family:Arial'>China World Trade
     Corporation (CWTC) has established its business in three distinct =
 areas:
     the club and business centers throughout major cities in =
 <st1:country-region
     w:st=3D"on"><st1:place =
 w:st=3D"on">China</st1:place></st1:country-region>,
     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 (&quot;CEO Clubs&quot;) in May 2004 further
     complements <span class=3DSpellE>CWTC's</span> 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 <st1:place w:st=3D"on">Southern =
 China</st1:place>.
     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 (&quot;WTC Link&quot;), a subsidiary of =
 CWTC,
     manages the Company's co-branded credit card project and is an active
     provider of CRM solutions and services in <st1:country-region =
 w:st=3D"on"><st1:place
      =
 w:st=3D"on">China</st1:place></st1:country-region>.<o:p></o:p></span></p>
     <p><i><span style=3D'font-size:10.0pt'><br>
     <br>
     <em><b>CWTD is getting ready to break out. We recommend this as a VERY
     strong buy.</b></em></span></i></p>
     </td>
    </tr>
    <tr style=3D'mso-yfti-irow:3;mso-yfti-lastrow:yes'>
     <td colspan=3D2 style=3D'padding:11.25pt 11.25pt 11.25pt 11.25pt'>
     <p>&nbsp;</p>
     </td>
    </tr>
   </table>
   </div>
   <p class=3DMsoNormal><o:p></o:p></p>
   </td>
  </tr>
  <tr style=3D'mso-yfti-irow:1;mso-yfti-lastrow:yes;height:79.5pt'>
   <td style=3D'border:inset black 1.0pt;mso-border-alt:inset black .75pt;
   padding:11.25pt 11.25pt 11.25pt 11.25pt;height:79.5pt'>
   <p>&nbsp;</p>
   <p>&nbsp;</p>
   <p>&nbsp;</p>
   <p>&nbsp;</p>
   <p>&nbsp;</p>
   <p>&nbsp;</p>
   <p>&nbsp;</p>
   <p>&nbsp;</p>
   <p>&nbsp;</p>
   <p>TIANHE, Guangzhou, China, May 31 /Xinhua-PRNewswire/ -- China World =
 Trade Corporation (OTC Bulletin Board: CWTD - News) announced today that =
 it has launched its third Annual U.S. CEO Club tour in China from May 25 =
 to June 5, 2005. This visit for American CEO Club members to China =
 consists of a delegation of 36 U.S. CEO Club participants, who will be =
 engaged in a wide range of business activities during the tour. The CEO =
 delegation will be invited to attend the China Beijing International =
 High-Tech Expo (CHITEC) during its stay in Beijing. The tour will provide =
 an opportunity for the delegates to visit other major cities including =
 Shenyang, Xi'an, Kunming, Shenzhen and Guangzhou and to have meetings with =
 the local governments and enterprises for potential business and =
 networking opportunities. </p>
   <p><o:p>&nbsp;</o:p></p>
   <p>Total impairment loss and depreciation were approximately $1,438,000 =
 for the year ended December 31, 2004, as compared to the same =
 corresponding period in year 2003, an increase of $1,232,000 or 598.1% =
 from $206,000. The increase was mainly due to the increase in the =
 impairment losses of intangible assets (18.1%); goodwill (31.4%); and =
 property, plant and equipment (39.6%); and the remaining increase in =
 depreciation (10.9%). 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. Under normal circumstances, we will review the impairment of our =
 assets at the year end or at the anniversary of such assets.  </p>
   </td>
  </tr>
 </table>
 
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