Sino Express Enters Into Corporate Travel Sector With The Acquisition of NSIBC Limited.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 an agreement with Sinochamp Holdings Limited to acquire 100% of NSIBC Limited (www.nsibc.com), a Beijing based corporate travel company. This acquisition is expected to boost Sino's corporate travel services in Beijing and further enhance Sino's current HKD HKD In currencies, this is the abbreviation for the Hong Kong Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 50 million revenue. 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 comments, "Beijing Olympics will arrive in just over two years time, we sense a myriad of travel demands for Sino Express in Beijing by then. We will continue our plan to enrich our portfolio with companies like NSIBC. Our vision is to offer a premier travel service for all travelers in the greater China." Established in 2004, NSIBC specializes in offering corporate travel services and has close to 10,000 registered online members with post-graduate education. It focuses on the corporate travel sector in the northern China region with clients such as Beijing Guo An Electrical Company, Beijing Mobile5 Technical Company Limited and State Grid Corporation of China State Grid Corporation of China (SGCC) (Simplified Chinese: 国家电网公司) is the largest electric power provider in China, formerly know as "State Power Corporation" (国家电力公司) which include both the . This acquisition enhances Sino's growing travel portfolio, and creates further synergy with Sino's 4-5 star hotel room wholesale operation. Sino Express Travel Limited (www.sinoexpresstravel.com) together with its 100% owned subsidiaries, GS Travel (Hong Kong) Ltd, NSIBC 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 rep·u·ta·ble adj. Having a good reputation; honorable. rep  u·ta·bil management and high growth potential. Forward looking statement Certain information contained in these materials is "forward-looking" information, such as projections, estimates, pro formas As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma , 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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