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. CWTD should be one of the most
profitable stocks to trade this year.************
Consolidated operating revenue for the year ended September 30, 2003 was
$2,886,000, compared to $193,000 for the year 2002, a significant increase. Of
the $2,886,000 revenue in year 2003, approximately $1,719,000 (59.6%) was
generated from providing club and business center related services by Guangzhou
World Trade Center Club, $289,000 (10.0%) from providing business value-added
services, and the remaining operating revenue of $878,000 (30.4%) from other
operations in rental and trading businesses. Only US$193,000 was generated from
providing club and business center related services by Guangzhou World Trade
Center Club for the year ended September 30, 2003.
Consolidated gross profit increased $1,563,000, 1433.9% for the year ended
September 30, 2003 over the same corresponding period in year 2002. The
increase was predominantly driven by our club and business center related
services. As a percentage of total operating revenues, consolidated gross
profit margins of 57.9% in 2003 increased slightly from 56.6% in 2002. Of the
$1,672,000 total gross profit for the year ended September 30, 2003,
approximately $1,269,000 (or 75.9%)was generated from providing club and
business center services, none from business travel services, approximately
$289,000 (or 17.3%) from providing business value-added services, and the
remaining approximately $114,000 (or 6.8%) from other operations in rental and
trading businesses. As compared to the same corresponding period in year 2002,
the club and business center services represented a 100% (or $109,000) of the
total gross profit; none was generated from the business travel business, the
business value-added services; and other opeaSelling, general and
administrative expenses for the year ended September 30, 2003 was $3,768,000,
as compared to $1,828,000 for the same corresponding period in year 2002, an
increase of $1,941,000 or 106.2%. The increase was mainly due to:
Staff Salaries, Benefit and Allowances: Staff salaries, benefit and allowances
increased by $597,000 for the year ended September 30, 2003. The increase was
primarily due to the salaries, benefit and allowances paid for staff in the
operations of Guangzhou World Trade Center Club. As of September 2003, the
Company had approximately 80 full-time employees, down from 110 employees six
months ago.
