China Travel Resort Holdings Inc. Announces a 4 for 1 Forward Split in Line With Company Developments
August 10 2011 - 9:00AM
China Travel Resort Holdings, Inc. (Pink Sheets:CTVZ) announces
today that its Board of Directors has opted to effect a 4 for 1
forward stock split of the Company's common shares. In light of
recent company developments and achievements, which the company
will be announcing in the coming weeks, it will move forward with
this action for the benefit of its long-term shareholders.
The record date of the forward split will be on or about Monday,
August 29, 2011, and the payable date will be September 2, 2011.
Shareholders of record on the date effected will be certified with
additional shares in CTVZ equal to 300% of their holdings in CTVZ
common stock at that time. The appropriate paperwork for the
forward split has been filed with FINRA and OTC Corporate Actions
and the Board's decision is final as such.
ABOUT China Travel Resort Holdings, Inc.:
China Travel Resort, founded in 1993, is principally engaged in
developing and operating tourism resorts in Hebei Province, China.
The company has developed and acquired the operation rights for 5
resorts locally, Jin Mountain, South Lake, Double Dragon Mountain
Park, Guayun Mountain and Longze natural eco-cemetery. The goal of
the company is to provide visitors the best touring experience and
highest quality of service.
Safe Harbor Statement: This release may contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Statements contained in this release that are
not historical facts may be deemed to be forward-looking
statements. Investors are cautioned that forward-looking statements
are inherently uncertain. Actual performance and results may differ
materially from that projected or suggested herein due to certain
risks and uncertainties including, without limitation, ability to
obtain financing and regulatory and shareholder approvals for
anticipated actions.
CONTACT: Wang Xiao Peng
Cell: +86-131-715-58888
Email: hbhwxp@163.com