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* Huge sector, Gas and Oil company profile
@ 2005-05-23 22:41 sandi ogawa
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From: sandi ogawa @ 2005-05-23 22:41 UTC (permalink / raw)



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CWTD gains 22% on Monday May 23rd
New news expected this week. Expected 7 day price $9.00
                    
(SYMBOL:  CWTD)
Price: $2.44 (up from $1.97 Monday alone)
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.
     
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