November 19, 2003 /Pink Sheets News Service/ -- WorldTradeShow.com, Inc. (Pink Sheets: WTSW), a Nevada corporation that specializes in providing online tradeshows for the travel/tourism, import/export and meeting/convention industries, announced today its Vietnam representative office has met with officials of the Vietnam National Administration of Tourism(VNAT), www.VietnamTourism.com, to begin discussion on producing an online e-commerce Virtual Travel/Tourism Tradeshow for the entire country of Vietnam.
Since Vietnam-US Bi-Lateral Trade Agreement was signed in 2001, Vietnam's economy in various sectors continues to grow dramatically, especially the import/export and travel/tourism and Internet industries, of which tourism plays a key role. Furthermore, in October 2003, Vietnam and the United States signed a historic agreement to exchange passenger and cargo flights between the two countries. This is significant because more than 1 million Vietnamese reside in the United States, many of whom fled Vietnam after the war in 1975. Many overseas Vietnamese have begun traveling back to their homeland, and they would become a major passenger market for these airlines, not to mention Americans and their families who want to see and experience the exotic wonders of Vietnam.
Vietnam National Administration of Tourism (VNAT) is a government agency, which exercises the state management function over tourist operations and activities throughout the country. It has full control in terms of business development, planning, public relations, personnel training, conducting research, and inspecting the implementation of policies andother regulations in the tourism sector. According to VNAT's latest tourism statistics, the number of international visitors to Vietnam jumped over 2.2 million so far in 2003, generating over $1.6 Billion USD in tourism revenue. This is the highest ever on record, indicating that Vietnam is becoming a very popular Asian destination to worldwide travelers.
WorldTradeShow.com's Director, Lee Johnson met with Vice Chairman of Vietnam Tourism Association, Dr. Lai Nguyen Tuong and presented the proposal to develop and produce exclusively for the agency the premier e-commerce Virtual Travel/Tourism Tradeshow in multiple languages to promote and market all major Vietnamese hotels/resorts, restaurants, golf courses, entertainment, transportation, shopping venues, travel/tour agencies and other hospitality providers.
Dr. Lai Nguyen Tuong indicated his pleasure and support, desiring to work closely and co-operatively in building and developing this resourceful e-commerce tradeshow website, in order to assist over 6,000 Vietnamese Tourism enterprises. The site will be online continuously to welcome billions of Internet users and potential travel/tourism and tradeshow partners worldwide to access valuable information about Vietnam, its people, the latest tourism news, travel services and all of the country's exotic destinations.
Lee Johnson said, "Vietnam is one of the fastest growing economies in the world, and with over 80million citizens is expanding its tourism business sector rapidly to become a highly competitive travel destination of Asia. WTSW has the most innovative online tradeshow platform in the world to showcase and promote Vietnamese travel and tourism hospitality service providers in exchange for continuous
commissionable fees."
Sheldon Silverman, CEO said, "WorldTradeShow.com is extremely pleased with the enthusiasm expressed by Vietnam Tourism Association's Vice Chairman Dr. Lai about engaging with WTSW to produce the exclusive online Virtual Travel/Tourism Tradeshow for Vietnam. We estimate this partnership with VNAT will generate approximately $18 million USD annually in commissionable fees for WTSW."
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.
Vietnam National Administration of Tourism (www.VietnamTourism.com) is a government agency, which exercises the state management function over tourist operations and activities throughout the country. It has full control in terms of business development, planning, public relations, personnel training, conducting research, instructing and inspecting the implementation of policies and other regulations in the tourism sector.
Safe Harbor 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 of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements herein.
SOURCE: WorldTradeShow.com, Inc.
Investor Relations: Paladin Management
1-866-999-5996
paladinmgmt@WorldTradeShow.com
www.paladinmanagement.com
or
WorldTradeShow.com, Inc., San Diego
Sheldon Silverman, 888-566-9879
info@WorldTradeShow.com
www.WorldTradeShow.com