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: Information within this email contains "forwardlooking statements" within the meaning of Section 27Aof the Securities Act of 1933 and Section 21B of theSecurities Exchange Act of 1934. 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