From: "bulah winstanley" <Lis1@verizon.net>
Subject: Watch this Stock Trade
Date: Mon, 23 May 2005 02:13:51 -0800 [thread overview]
Message-ID: <004b01c55f7e$3f1de910$9921b68b@GJEGCIR> (raw)
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Major Financial NEWS was released Today
(SYMBOL: CWTD)
Price: $1.97
Short Term Target: $27-$35
12month Target: $50.00
China World Trade Corporation SYMBOL: CWTD Reports Significant
Improvement in Operating Results for the First Quarter 2005
Thursday May 19, 1:18 pm ET
First Quarter Operating Revenues Increase Five Fold from the Same Period in
the Previous Year; Net Loss Continues to Narrow
TIANHE, GUANGZHOU, China, May 19 /Xinhua-PRNewswire/ -- China World Trade
Corporation (OTC Bulletin Board: CWTD - News) announced first quarter
results and the filing of a Quarterly Report on Form 10-QSB with the
Securities and Exchange Commission for the first quarter, ended March 31,
2005. CWTD is set to move much higher over the next weeks with major trading
profits expected immediately.Don't miss out on this opportunity.May 23-May
27
Financial Highlights for First Quarter 2005
* Operating revenues for the first quarter were $1.9 million, a 530%
increase from the same corresponding period last year. The sharp
rise
was predominantly attributable to our Business Travel Services
division,
which was part of the acquisition of the New Generation group of
companies in August 2004, and to our Business Value-Added Services
division, which provides various consultancy services to our
corporate
clients.
* Net loss narrowed sharply from $1.5 million for the same
corresponding
period in year 2004 to only $177,000 for the first quarter of 2005.
This was predominantly attributable to our acquisition in August 2004
of the New Generation group of companies, with their higher margin
businesses. Net loss per share for the period ended March 31, 2005
was $.01 compared to a loss per share of $.09 in the same period for the
previous year.
* Including unrealized gain of short-term investments (from shares of
common stocks received as compensation for the Company's consultancy
services), the Company reported its first ever consolidated income of
$582,999 for the first quarter of 2005.
* Gross profit margin reached 81.5% for the quarter ended March 31,
2005
compared to 38.8% in the same corresponding period in the previous
year.
* As of March 31, 2005, cash and cash equivalents totaled $1.8 million.
Disc:
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within the meaning of
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Risk factors include general economic and business conditions, the ability
to
acquire and develop specific projects, the ability to fund operations and
changes in consumer and business consumption habits and other factors
overwhich the company has little or no control. The publisher of this
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states all material facts or does not omit a material fact necessary to
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report shall be construed as any kind of investment advice
or solicitation. Many of these companies are on the verge of bankruptcy.
You can lose all your money by investing in this stock. We urge you to read
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