/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
TRADING SYMBOL: "CTX.H" NEX
VANCOUVER, Sept. 25 /CNW/ - Virtual China Travel Services Co., Ltd.
("VCTS" or the "Company") (NEX: CTX.H) - Further to the Company's news release
dated September 4, 2007 regarding the non-binding letter of intent dated
August 22, 2007 with the shareholders of Melco China Resorts Investment
Limited ("Melco China Resorts") pursuant to which the Company will acquire
Melco China Resorts in a reverse takeover transaction (the "Transaction"), the
Company is pleased to announce that it has entered into a Sponsorship
Agreement with CIBC World Markets Inc. ("CIBC World Markets"). Subject to the
completion of satisfactory due diligence and regulatory approval, CIBC World
Markets has agreed, under the Sponsorship Agreement, to act as sponsor in
connection with the proposed application to list the common shares of the
combined company resulting from the Transaction for trading on the TSX Venture
The TSX Venture Exchange has in no way passed upon the merits of the
proposed transaction and has neither approved nor disapproved the contents of
this press release.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
CIBC World Markets, subject to completion of satisfactory due diligence,
has agreed to act as sponsor to VCTS in connection with the Transaction. An
agreement to sponsor should not be construed as any assurance with respect to
the merits of the Transaction or the likelihood of completion.
For further information:
For further information: Virtual China Travel Services Co., Ltd., Joanne
Yan, Director, Tel: (604) 602-8188, Fax: (604) 682-7724, E-mail:
firstname.lastname@example.org, Website: www.vctsgroup.com