China Ventures Inc. Reports No Major Disruption Resulting from SARS Virus.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--April 30, 2003 China Ventures Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension Venture: CHV CHV canine herpesvirus. ) today reported that the Company is experiencing no major disruption in its business in China as a result of the SARS viral outbreak. China Venture's President, Ronald Shon, commented, "It is understandable that there may be some concern surrounding our business in China. I would like to assure shareholders and investment professionals that the effect on our business in China has been minimal. While it is true that all Beijing City schools have been closed for 14 days, the Company does not sell its products in Beijing City. The majority of our sales and current sales activities are in Sichuan, Anhui, Jiangxi and other Provinces which are largely unaffected by SARS. Moreover, while some of our sales people have been unable to travel to various parts of China due to travel restrictions, we have already received confirmation from a number of education commissions that they will be using our textbooks in the coming year. What remains to be done between now and August is to finalize the orders. Instead of travelling to these locations, our people are now finalizing orders via telephone and online. We expect and hope that this situation will clear up shortly and that it will be back to business as usual. Our business is a very stable business. The requirement for education and for educational products will continue regardless of world events. In the worst case, even if the educational system were to be closed for an extended period, students would still require textbooks for home study. That is why I am confident that our sales will continue to grow even in this time of uncertainty." About China Ventures Inc. The admission of China into the WTO See World Trade Organization. and the granting of the 2008 Olympic Games Olympic games, premier athletic meeting of ancient Greece, and, in modern times, series of international sports contests. The Olympics of Ancient Greece Although records cannot verify games earlier than 776 B.C. to Beijing have created a significant and growing demand for education, corporate training and extended learning in China. CVI CVI C (Language) Virtual Instrument CVI Clinical and Vaccine Immunology (journal) CVI Chronic Venous Insufficiency CVI Coastal Vulnerability Index CVI Canaan Valley Institute is a Canadian-based company focused on providing these much needed educational solutions to various segments of the Chinese economy in an effort to assist in China's globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation and movement to an open market economy. CVI will continue to work with leading North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. education providers and institutions to provide quality educational programs and course materials to its growing client base in China. About Today's Teachers Technology and Culture Ltd. ("TTTC TTTC Test Technology Technical Committee (IEEE) TTTC The Tibetan Tea Company (band) TTTC Too Tough to Call TTTC Trees to the Curb (band) ") TTTC is an 11-year-old educational product distribution company. Its product line includes books, software, audio and video materials, and educational training tools. This company, which is CVI's 70%-owned subsidiary, develops teaching materials and textbooks based on the various research projects conducted by the Ministry of Education and works very closely with educational committees at the national, provincial and local levels which approve textbooks for use in the Chinese school system. If you would like to receive press releases by email, please contract Kam Dhanjal at kam@chfir.com. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for the adequacy or accuracy of this release. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion