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Press Release: TEDA Travel Group
October 27, 2004
HONG KONG -- TEDA Travel Group, Inc. (OTC Bulletin Board: TTVL) is pleased to announce the opening of its new office
in Beijing, China. The Beijing office has been established in the capital city of China to serve as the company's
base of operations in Mainland China.
Madam Chang, Chairlady of TEDA Travel Group said, ''It is imperative to our business strategy that we create a
presence in Beijing. The Chinese government is run from Beijing and it's critical for us to be here. We deal with
many government officials on many business matters and this will facilitate a closer and more direct relationship.''
Company executives have been working out of their Hong Kong office, with frequent trips to its properties in Tianjin.
''Additionally,'' continued Madam Chang, ''We're working very closely with Olympic organizers in Beijing and it
became very important for us to be entrenched here, well in advance of the Olympics in 2008. The Chinese travel
industry will no doubt see a tremendous spike due to 2008 Olympics, particularly around Beijing and surrounding
areas. We wanted to move into Beijing early to explore all the various business opportunities in our industry.
We're simply doing what it takes to position our brand as the top name in hotels in China. This is one of many
steps in that direction,'' concluded Madam Chang.
About TEDA Travel Group
TEDA Travel Group is the only full service Chinese travel and real estate service company listed in any U.S. financial
markets. Currently, TEDA Travel Group is providing management services to hotels and resorts throughout China.
In addition to its property management division, TEDA Travel 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.
About Tianjin Economic and Technological Development Area (TEDA):
Tianjin Economic and Technological Development Area (TEDA) is one of earliest approved and is currently the second
largest economic development zone in China. TEDA has now a developed area of approximately 20 square miles and
houses more than 3000 international companies, such as Motorola and Nestle. TEDA is located to the southeast of
Tianjin City, the third largest city of China, is about 27 miles away from downtown and 84 miles from Beijing.
TEDA enjoys easy access to North China, Northeast China and Northwest China.
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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For more information, please contact:
John Roskelley, President,
First Global Media
Tel: +1-480-902-3110
Source: TEDA Travel Group