WorldTradeShow.Com Signs MOU with Vietnam Trade Information Center -VTIC- to Produce Virtual Export Tradeshow for Vietnam.Business Editors SAN DIEGO--(BUSINESS WIRE)--Nov. 4, 2003 WorldTradeShow.com Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : WTSW WTSW White-Throated Swift (bird species Aeronautes saxatalis) ), a Nevada corporation A Nevada Corporation is a corporation chartered under the laws of the U.S. state of Nevada. Nevada, like the state of Delaware (See Delaware corporation), is well known as a corporate haven. , specializes in producing and marketing online tradeshows for the travel/tourism, import/export and meeting/convention industries, announced its Vietnam representative office has officially signed a Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. (MOU (Minutes Of Usage) A metric used to compute billing and/or statistics for telephone calls or other network use. ) with Vietnam Trade Information Center (VTIC VTIC Victorian Tourism Industry Council (Australia) ), the Vietnamese government agency responsible for managing and promoting Vietnam's Import/Export businesses and associations, www.ASEMConnectVietnam.gov.vn, and www.VINANET.com.VN, to produce and market a virtual export tradeshow for Vietnam. Since the Bi-Lateral Trade Agreement was signed in 2001 with the United States, Vietnam's economy in various sectors continue to grow dramatically, especially the Import/Export and Travel/Tourism and Internet industries. Pham Tat Thang, director general of VTIC, who signed the MOU, indicated a strong desire to work closely with WorldTradeShow.com to assist in developing and producing this exclusive online tradeshow to promote over 8,000 Vietnam's exporting enterprises and businesses. The Virtual WorldTradeShow Fair would run continuously on the WorldTradeShow.com's e-commerce Web site for importers/exporters and consumers worldwide to access the Vietnamese directory of exporters listing their products and services information, at the same offer them the ability to communicate and transact with the businesses directly online. Sheldon Silverman, 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. , said, "WTSW recognizes the importance of producing online tradeshows via the Internet to help better promote these growing Vietnamese businesses to the world. We are very excited to be the premier partner, producer and marketer of the Vietnam Virtual Export Tradeshow for VTIC and its 8,000 merchant members and associations. WTSW will be generating monthly recurring revenue from this partnership." About the Company: WorldTradeShow.com Inc. (www.WorldTradeShow.com) is a leading edge online tradeshow and marketing company. Using the latest broadband technologies, the company delivers real-time Virtual Tradeshow experience via the Internet. Its Web portal contains a comprehensive database of updated tradeshows, conventions and expositions worldwide in this $2 trillion dollar industry. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement: This news release may include forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements herein. |
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