WorldTradeShow.com Projects Revenue in Excess of $35 Million for Contracts with Mexican and Vietnamese Governments in 2004-2005.Business Editors SAN DIEGO--(BUSINESS WIRE)--Nov. 21, 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. that specializes in providing online tradeshows for the travel/tourism, import/export and meeting/convention industries, has announced a number of significant news releases this week with numerous revenue-based contracts from the Mexican and Vietnamese governments, projected to be in excess of $35 million in 2004-2005. WTSW is rapidly expanding its e-commerce business and online marketing services internationally to Vietnam and Mexico. Here are some of our highlights for the week: IT'S SHOWTIME! -- November 12, 2003: WorldTradeShow.com, Inc. signs agreement to market Mexican MASXIMA Discount Card with access to 500+ companies. -- November 17, 2003: WorldTradeShow.com, Inc. finalizes preparation to file and trade on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on OTC Bulletin Board. -- November 18, 2003: WorldTradeShow.com, Inc. plans to market and distribute Internet-based long distance telephony to over 10,000 Vietnamese clients. -- Expected revenue from this contract $4.8+ million annually. -- November 19, 2003: WorldTradeShow.com, Inc. meets with Vietnam National Administration of Tourism -- VNAT VNAT Vietnam National Administration of Tourism -- officials to produce Virtual Travel/Tourism Tradeshow of Vietnam. -- Expected revenue from this contract $18+ million annually. -- November 20, 2003: WorldTradeShow.com, Inc. finalizes 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. with Vietnam Trade Information Center -- VTIC VTIC Victorian Tourism Industry Council (Australia) -- Expected revenue from this contract $10+ million annually. 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, "WorldTradeShow.com's value continues to increase quickly as we have very impressive and strong relationships with the Vietnamese and Mexican governments, who are extremely pleased to be partnering with WTSW to develop, produce and manage their exclusive online Virtual Travel/Tourism and Export Tradeshows. WTSW's engagement with AMEI AMEI Association of Medical Expenses Insurers to provide Internet-based long distance telephony (VoIP) to all of our customers will further enhance our revenue stream. Finally, our preparation to file and trade on the NASDAQ Stock Exchange indicates our commitment to be a major global e-commerce player for years to come." About the Organizations: 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 industry. WTSW has offices in the U.S., Vietnam and Mexico. HI-TEK, Inc. (www.HI-TEK.com), the Official Authorized Global Marketing Agent for Vietnam and exclusive Registrar for .VN ccTLD domain registration online services (www.VN), specializes in providing multi-lingual Internet services, ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. , e-commerce software development and e-marketing. HI-TEK's clients include global Fortune 5,000 companies. HI-TEK has offices in the U.S., Mexico and Vietnam. "As WTSW's majority shareholder and strategic partner, HI-TEK is very happy to see WTSW's commitment to be listed and traded on the Bulletin Board. This is very exciting and a great benefit to the Company and all of its shareholders." Grupo Campestre (www.MASXIMA.com) is the owner of the MASXIMA Discount Card, serving over 500 Mexican businesses for the past 20 years. The Company publishes the most widely read and distributed Campestre Magazine throughout Baja California, Mexico. All America Casting International Inc. (OTC:AMEI) is a broadband VoIP telecom company offering local and long distance services and video on demand to residential and commercial clients. Vietnam Trade Information Center (VTIC), www.ASEMConnectVietnam.gov.vn and www.VINANET.com.VN, is the Vietnamese government agency responsible for managing and promoting Vietnam's import/export businesses and associations, with a membership of over 8,000 enterprises. Vietnam National Administration of Tourism (www.VietnamTourism.com) is a government agency which exercises the state's management functions over tourist operations and activities throughout the country. It has full control in terms of business development, planning, public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most , personnel training, conducting research, instructing and inspecting the implementation of policies and other regulations in the tourism sector. 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 Exchange Act 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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