TEDA Travel Group Announces Web-Based Travel Distribution Strategy

Software to Ensure Lowest Rate and Customized Bookings

HONG KONG, Feb. 15 /Xinhua-PRNewswire/ — TEDA Travel Group, Inc. (BULLETIN BOARD: TTVL) , announced today a new strategic direction to go online with a web-based travel distribution strategy to complement its property management division.

”The online travel market has been a bright spot throughout the tech industry’s dark times. Despite intense competition, it’s a very good market niche to be in,” commented Godfrey Hui, CEO of TEDA Travel Group.

In addition to simplified navigation, the company intends to differentiate itself by providing unique features in the reservation network. ”Features such as lowest rate guarantee and a customized booking experience are currently not found in the web-based offerings of any of competitors in China,” said Mr. Hui. The two largest online travel service providers in China are Ctrip and Elong. The company is currently developing its prototype system.

China’s fast-growing travel industry, worth US$47 billion in 2002, is now an estimated US$70 billion annual industry. With the Olympics in 2008 and the Shanghai World Fair in 2010, growth rates are projected between12% and 15% annually.

”Chinese leisure and business travel will continue to fuel growth in our industry,” continued Mr. Hui. ”However, international travel into China is expected to keep growth rates in double digits for the foreseeable future. The World Travel Organization predicts that China will become the number 1 global tourism destination by 2020.”

About TEDA Travel Group

TEDA Travel Group is the only full service Chinese travel and real estate service company publicly traded in U.S. markets. Currently, TEDA Travel Group is providing management services to hotels and resorts throughout China. In addition to its property management division, TEDA Travel Group also owns the largest Timeshare operation in China as well as a portfolio of real estate investments. Leveraged on its existing core businesses and the brand name ”TEDA,” one of most recognized names in China, TEDA Travel Group intends to become a market leader in the fast growing Chinese travel and real estate services industry.

Safe Harbor Statement

As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company’s ability to execute its business model and strategic plans; and the risks described from time to time in the Company’s SEC filings.

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