China World Trade Corporation Signs Agreement With Guangzhou City Government for Travel Packages

Company’s Business Traveling Services Division Continues to Broaden Customer Base

TIANHE, GUANGZHOU, China, Feb. 3 /PRNewswire-FirstCall/ — China World Trade Corporation (BULLETIN BOARD: CWTD) announced today that New Generation Group, a subsidiary of China World Trade Corporation, signed a service consignment agreement with the Purchasing Office of the Guangzhou City Government. Under this agreement, the Company will provide international business travel packages and related services to key personnel of the Guangzhou City Government at premium package prices.

Mr. Chi Hung Tsang, Chairman and President of China World Trade Corporation commented, “Following our recent partnership with China Southern Airlines earlier this year, we view this agreement with the Guangzhou City Government’s Purchasing Office as another exciting step towards building out our Business Traveling Services Division. This will serve to further expand our presence in Guangzhou, which acts as a key location and major gateway between Hong Kong and many other cities throughout China for frequent business travelers. We also welcome the opportunity to provide travel-related services to Guangzhou City Government officials as an integral part of our strategy to broaden our client base as a premium service provider.”

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 cities together with the World Trade Center Association, 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.

Related Articles