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[RE] Jan 16, 2006 Press Update
[RE] Jan 16, 2006 Press Update
Two, 17 Jan 2006 6:42:40 +0360
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
working with and developing successful publicly traded companies. His
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
Friday Open: $1.20
Friday Close: $1.36
Volume: UP 182,476
Short Term: $2.25 - $2.50
Note: New Press Release
Indicator: S T R O N G B U Y
CWTD is a widely diverse corporate services company with a great deal of
in the international market. Advising some of the most powerful companies in
rapidly growing Asian market gives it strategic alliances that keep pushing
company further up the financial ladder.
Last time this stock released an announcement like this it climbed in price and
and made many of our members a healthy return on their investment. Make sure
in on CWTD first thing Tuesday.
Just Read The News:
China World Trade Corporation Announces the Appointment of Chi Ming Chan as New
TIANHE, GUANGZHOU, China, /Xinhua-PRNewswire-FirstCall/ -- China World Trade
Corporation (OTC Bulletin Board: CWTD) announced today, the appointment of its
Chief Executive Officer, Chi Ming Chan who has served as the Company's General
since the beginning of 2005. John Hui, the Company's current Chief Executive
will remain as Vice Chairman and Director of the Company and his role will be
focused on the Company's potential mergers and acquisitions strategy. Mr. Hui
continue to be a key strategic advisor to the Company.
Mr. Chan, Chief Executive Officer of China World Trade Corporation (CWTD)
"I am honored and excited to become CWTD's new chief executive officer and to
strategically steer the company to near-term growth and execution on
corporate initiatives. I have been involved with driving the company's
activities for over a year and believe we have a strong position in China's
industry. We also continue to maintain our position as the leading global
and provider of value added services to international companies operating their
businesses in China. I strongly believe in the market opportunities and look
to aggressively pursuing our growth strategy and continuing Mr. John Hui's
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
Registrant. Before joining the Registrant, Mr. Chan was a Corporate Development
Strategist for Renren Holding Ltd., a publicly listed company on the Hong Kong
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
internet technology, database technology and management of technical resources.
developed an electronic database system for the Law-on-Line project of the
of Hong Kong and has provided technical consultancy to this project since 1991.
also developed the Dongguan Network, which has become a successful model for
cities in China and was appointed by the Asian Development Bank (ADB) as a
for the TA Project No. 2702 -- Study on PRC Legal Information System and the
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
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
the club and business centers throughout major cities in China, business
services, and business value-added services. The Club and Business Center
devoted to the building of the World Trade brand throughout China via the
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
targeting high-level corporate executives from premier companies. The Business
Services Division, New Generation, provides CWTD access to the rapidly growing
travel-related industry. New Generation is a pioneer and market leader in the
agency business through its strong network of ticketing sales operations
Southern China. The Business Value-Added Services Division focuses on
of credit cards, merchant-related business services, as well as consultancy
CWTD members and clients. Guangdong World Trade Link Information Services
("WTC Link"), a subsidiary of CWTD, manages the Company's co-branded credit
and is an active provider of CRM solutions and services in China.
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