Speculations are shocking
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 clients. 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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Selling, general and administrative expenses increased by approximately $139,000 or 10.0% to $1,523,000 for the three-month period ended March 31, 2005 from $1,384,000 for the same corresponding period in 2004. The increase was mainly due to (1) the increase in staff related costs predominantly resulting from the consolidation of the operation of New Generation Group in the amount of approximately $393,000, and (2) various advertising expenses in the amount of approximately $54,000. This increase was partially offset by the decrease in professional expenses paid for the financial and marketing consultants in the amount of approximately $282,000.
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