Sino Express Announces Strategic Alliance With Wing On Travel.HONG KONG Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. -- Sino Express Travel Limited (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :SXPT) announced today that it has entered into a strategic alliance with International Travel Systems Inc. (ITS), a wholly owned division of Wing On Travel (Holdings) Limited (SEHK SEHK See: Stock Exchange of Hong Kong :1189), one of the largest Asian travel companies listed on the Hong Kong stock exchange This is a list of companies listed on the Hong Kong Stock Exchange (HKEx), ordered chronologically by stock code. The names of the companies appear exactly as they do on the stock exchange listing. under stock code: 1189. ITS will offer its B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business trading systems to Sino's hotel rooms resellers and to enhance Sino's online travel booking system www.v222.com. Xia Chen, 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. of Sino Express Travel commented, "The ITS trading platform will provide our resellers with real time pricing, availability and analytic information on our hotel rooms inventory. The revamp of our online hotel and flight booking site will significantly enhance our service offering for our clients." This partnership makes Sino Express Travel Ltd the third travel operator in Asia to adopt the ITS system following Wing On Travel and China Hotel Net (CHN CHN China CHN Chain CHN Canadian Health Network CHN Coalition on Human Needs CHN California Homeschool Network CHN Cleveland Housing Network CHN Center for Human Nutrition CHN Carbon, Hydrogen, Nitrogen CHN Community Health Nurse ), two other major travel and hotel booking service providers in the Greater China region. Xia Chen further commented, "Sino Express will stay committed to its technology adaptation in order to provide more competitive services. The technology upgrade will also provide Sino with future business opportunities with other users of the ITS system." Sino Express Travel Limited (www.sinoexpresstravel.com) together with its 100% owned subsidiaries, GS Travel (Hong Kong) Ltd and www.v222.com, is an international travel company with operating offices in Hong Kong, Beijing, Guangzhou, Vancouver, Toronto and Seattle. Sino intends to grow its business by acquiring and operating a diversified travel business portfolio, seeking to invest in profitable travel related companies with reputable management and high growth potential. Wing On Travel is a major shareholder of Sino Express. Forward looking statement Certain information contained in these materials is "forward-looking" information, such as projections, estimates, pro formas, or statements of intentions, expectations or plans. All forward-looking information is subject to known and unknown risks and uncertainties, many of which are outside of the control of the company. Consequently, actual results may, and probably will, differ materially from the results contemplated in such forward-looking information. |
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