CWTD Begins Climb, P R I C E U P 13.3%, After New Release.
CWTD announces appointment of Chi Ming Chan as it s new CEO. Mr. Chan has a long history
working with and developing successful publicly traded companies. His direction will
take CWTD to a new level for the company and higher returns for its investors.
Just look at what happened in the market once they announced his appointment.
Company: China World Trade Corporation
Sym bol. CWTD
Friday Open: $1.20
Yest. Close - 1.36!
Volu me Friday . ~ 182476!
SHORT TE RM Projection$ ;: <$2.10 - $2.50>
L ONG TERM ,: $3.50
Standing ;: Strong B uy
Note: New Press Release
CWTD is a widely diverse corporate services company with a great deal of influence
in the international market. Advising some of the most powerful companies in the
rapidly growing Asian market gives it strategic alliances that keep pushing this
company further up the financial ladder.
Our Viewpoint:
Last time this stock released an announcement like this it climbed in price and volume
and made many of our members a healthy return on their investment. Make sure you get
in on CWTD first thing Tuesday.
Just Read The News:
China World Trade Corporation Announces the Appointment of Chi Ming Chan as New Chief
Executive Officer
TIANHE, GUANGZHOU, China, /Xinhua-PRNewswire-FirstCall/ -- China World Trade
Corporation (OTC Bulletin Board: CWTD) announced today, the appointment of its new
Chief Executive Officer, Chi Ming Chan who has served as the Company's General Manager
since the beginning of 2005. John Hui, the Company's current Chief Executive Officer
will remain as Vice Chairman and Director of the Company and his role will be mainly
focused on the Company's potential mergers and acquisitions strategy. Mr. Hui will
continue to be a key strategic advisor to the Company.
Mr. Chan, Chief Executive Officer of China World Trade Corporation (CWTD) stated,
"I am honored and excited to become CWTD's new chief executive officer and to help
strategically steer the company to near-term growth and execution on management's
corporate initiatives. I have been involved with driving the company's operational
activities for over a year and believe we have a strong position in China's travel
industry. We also continue to maintain our position as the leading global platform
and provider of value added services to international companies operating their
businesses in China. I strongly believe in the market opportunities and look forward
to aggressively pursuing our growth strategy and continuing Mr. John Hui's legacy of
delivering long-term value to our shareholders."
Mr. Chan comes from an extensive background in strategic planning, corporate
development, and project implementation as a Director and General Manager of the
Registrant. Before joining the Registrant, Mr. Chan was a Corporate Development
Strategist for Renren Holding Ltd., a publicly listed company on the Hong Kong Stock
Exchange. Mr. Chan also founded Asian Information Resources Ltd. in 1995, which
eventually listed on the Hong Kong Stock Exchange in 1999.
As a specialist in Chinese law and China affairs, Mr. Chan is an expert in networking,
internet technology, database technology and management of technical resources. He
developed an electronic database system for the Law-on-Line project of the University
of Hong Kong and has provided technical consultancy to this project since 1991. He has
also developed the Dongguan Network, which has become a successful model for other
cities in China and was appointed by the Asian Development Bank (ADB) as a consultant
for the TA Project No. 2702 -- Study on PRC Legal Information System and the Electronic
Data Expert for the TA project No. 3000. Mr. Chan currently serves as a Director of China
Datacom Corporation. Mr. Chan holds a Master of Law degree from Lancaster University, the
United Kingdom, and a Master of Physics degree from the University of Hong Kong.
About China World Trade Corporation
China World Trade Corporation (CWTD) 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 cities, positioning the CWTD 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 CWTD's offerings by
targeting high-level corporate executives from premier companies. The Business Traveling
Services Division, New Generation, provides CWTD 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
CWTD members and clients. Guangdong World Trade Link Information Services Limited
("WTC Link"), a subsidiary of CWTD, manages the Company's co-branded credit card project
and is an active provider of CRM solutions and services in China.
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