ASAP Announces China Buying Trip in 2005.Business Editors EL MONTE, Calif.--(BUSINESS WIRE)--April 14, 2004 ASAP (chat) asap - As soon as possible. Global Sourcing Show ("ASAP"), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Cyber Merchants Exchange ("C-Me") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CMEE CMEE Component Manager Enterprise Edition (Flashline) CMEE Carbon Management Energy Efficiency ), an international electronic trading company, announced today that it has arranged an apparel buying trip to the heart of four production cities in China China is a geographical area encompassing multiple territories, under two states. You may be looking for:
"Heightened attention is focused on China, which will undisputedly become the largest apparel production source of the world in a post-2005 trade deregulation era," said Frank Yuan, ASAP Show Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . The trip will be co-organized with the China Council for the Promotion of International Trade China Council for the Promotion of International Trade (CCPIT) is an organ of the Chinese national government created in the year 1952. The CCPIT promotes Chinese international economic and commercial interests. (CCPIT CCPIT China Council for the Promotion of International Trade (Beijing) ; www.ccpit.org) and the China Chamber of Commerce for Import and Export of Textiles (CCCT CCCT Conseil Canadien pour le ContrĂ´le du Tabac (French: Canadian Council for Tobacco Control) CCCT Computing, Communications and Control Technologies CCCT Contra Costa Civic Theatre (El Cerrito, CA) ; www.ccct.org.cn). CCPIT is the most important and largest institution for the promotion of foreign trade in China and under the Ministry of Foreign Trade and Economic Cooperation of China, CCCT represents more than 70% of the total textile export volume of China. This strategic sourcing initiative, planned and executed by ASAP, CCPIT and CCCT, will cover the major production areas of four prominent apparel production cities. Examples of regions and products include knits and suits in Ningbo; leather and yarn-dyes in Nanjing; wovens and outerwear in Qingdao; and denims and junior fashions in Guangzhou. Each city will allow three days featuring 150-200 carefully selected, export-ready and certified manufacturers. Buyers will also be free to arrange meetings with preferred factories on-site. "A buying trip of this size has never been arranged by any organization before. The timing is right, and the combined purchasing power of 150 buyers will make an enormous impact to the China apparel industry. We have successfully arranged with Chinese officials to subsidize a portion of the buying trip costs so that our buyers will only pay a total of $1,800. This will include roundtrip airfare, hotel accommodations, transportation, personal translators and meals," said Yuan. The proposed dates of the ASAP China Buying Trip are June 3rd-18th, 2005. Certain of the statements made herein constitute forward-looking statements that involve risks and uncertainties. In such instances, actual results could differ materially as a result of a variety of factors including the risks associated with the effect of changing economic conditions at home and abroad, variations in cash flow, reliance on collaborative retail partners, and on new product development, variations in new product and service development, risks associated with rapid technological change, and potential of introduced or undetected flaws and defects in products and services and other risk factors detailed in forms filed with the Securities and Exchange Commission from time to time. |
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