GUANGZHOU, Guangdong, China - October 21,2007 - Global FranTech Group, FranTech USA, FranTech Guangdong, FranTech Asia /CitiSky Ltd, a 50/50 collective adventure amid The Excelsior Group and Ernst & Young China, Construction Services and Financial Management, a business assemblage of Ernst & Young Global, has been called by Excelsior and CitiSky Investment Company Ltd. to accommodate activity allotment for engineering, acreage procurement, architecture planning, and added associated abutment casework for the basal architecture abstraction and analogue phases of the Beijing Dai Jin Yuan / WenYu River Projects amid alternating WenYu River. Excelsior's arrangement amount with CitiSky allotment for this antecedent accomplishment is about US$1.40 Trillion. Work is underway in FranTech USA appointment and CitiSky's Hong Kong offices will abide through aboriginal division 2008.
"The abutment of Global FranTech and CitiSky Ltd. Signed agreements with The Excelsior Development Services Group, to anatomy Grand Excelsior, offered ZSD Master Plan and GE Master Planing incomparable value. Global FranTech CitiSky and Excelsior has the experience, activity administration team, ability abject and accumulated charge that Beijing projects requires." said Dr. Mark Smith Ernst & Young's Project Manager Construction Accounting Services.
It is advancing that the Dai Jin Yuan activity will cover assorted projects, Vertical Farms, Beijing Underground Mall, Embassy Rui Towers, Park Avenue Towers, Wen River Project, Multi-Resort Development, Macau Li Housing Development, Beijing 10,000 U Housing Development and 4 East China Sea Islands subsea pipelines, onshore oil and gas pipelines, onshore processing facilities, Tianjin onshore terminals, and onshore infrastructure.
"This Beijing activity provides an astronomic aperture for both companies to access and accord to the arising 4 East China Sea Island hydrocarbon market, and positions us able-bodied to capitalize on the abounding advancing activity opportunities to come," commented Philip Nadeau, President of Global FranTech's Production, Technology Licensing Systems operating company. The new collective adventure affairs to plan carefully with the Chinese.
"The relationships FranTech has complete with Chinese Universities and Institutes and in-country technology suppliers and Columbia University will play a analytical role in the success of this world-class Beijing projects," said Michael Weinberg, President and Chief Executive Officer, The Excelsior Group.
Global FranTech / CitiSky Signs Worldwide Agreements with The Excelsior Group to Finance and Licenses Technologies into Beijing, China projects from 220 Countries.
The Excelsior Group active a absolute acceding with Global FranTech, FranTech USA, FranTech Asia, FranTech Guangdong, (FranTech), of Guangzhou, China, which grants FranTech the appropriate to bazaar The Excelsior Group projects licenses into Beijing projects through FranTech's arrangement of 600 agents in 220 countries from governments about the world.
The aggregation explained that the The Excelsior Group a all-embracing development casework aggregation are abnormally ill-fitted to accommodated the "Global Real Estate Development" needs of a lot of countries.
The Ernst & Young has been retained with its online architecture accounting and banking administration arrangement allows for quick and defended executions of chump architecture task, in a simple, safe, simple to use and compassionate format.
Michael Weinberg, CEO of Excelsior, said, "We chose FranTech because of their amazing geographic ability and accurate clue almanac in establishing licensing agreements. With added than 35 years of experience. FranTech knows China all-embracing barter policy, law, marketing, investment banking, and technology research. Its ample expertise, accompanying with acceptance to key authoritative accommodation makers, Large banking institutions provides casework abnormally admired to Excelsior overseas."
The aggregation explained that FranTech's mission is to advance the development of the all-around abridgement by accouterment a all-around angle to new online e-Government infrastructure, all-around developers, marketers, manufacturers and innovators on anew arising and preemptive technologies to clean countries. It offers world-class solutions for the licensing and alteration of USA and Worldwide innovations of new technologies to arising economies.
Philip Nadeau, CEO of FranTech, said, "We see a amazing bazaar common for Excelsior development casework and already accept absorption from several countries to accompany in Beijing projects. We plan on developing casting name acceptance and accession of The Excelsior Group with abounding authoritative agencies area we already accept relationships in place."
About The Excelsior Group
The Excelsior Global Development account consists of a defended Ernst & Young architecture arrangement with 24 hour projects teams can acceptance the contractions tracking systems. All architecture affairs are monitored, defended and kept absolutely clandestine and arcane on EY system.
The focus of The Excelsior Group Real Estate Development is to accord Countries and companies acknowledgment to investors and CitiSky investment basic from all over the apple and not just in the country of their primary listing, while accouterment investors with an 18/24 hour trading day against the 6 ½-7 hours provided for investors on a lot of apple architecture systems. Excelsior provides able U.S companies as advancement to its above Real Estate Development projects in Beijing.
This CitiSky new Private Placement Platform provides countries and companies with a new exchange to accession money and affair banal extenuative cogent fees in legal, accounting and underwriting requirements.
About Global FranTech International Licensing
FranTech consists of amount ally amidst by chain networks of consultants and affiliates in key trading countries and disciplines. They accept over thirty-five years of acquaintance with their accurate partners. In addition, FranTech has accurate clue annal in assembling, negotiating and consummating trade, licensing, abstruse and banking agreements; they basin strengths fatigued from acquaintance in all-embracing barter policy, law, marketing, investment cyberbanking and technology research. This ample expertise, accompanying with acceptance to key authoritative and common business accommodation makers in 220 countries, provides casework abnormally admired to Excelsior in the restructuring new Beijing and the all-around economy.
The Excelsior Group is admiring to arise a able alive accord with FranTech.
FranTech's mission is to advance the development of the all-around abridgement by accouterment a all-around angle to developers, marketers, manufactures, and innovators of anew arising and preemptive technologies. They action world-class solutions for the new Green technology licensing and alteration of USA and Worldwide innovations to arising economies in 220 countries common for over thirty-five years.
For advice on this China absolute technology contact:
FranTech USA at: (805) 653-5264.
FranTech Asia at: 0091-932-706-7935
FranTechAsia.com
1st Floor, 56 BMM Soc.,
Ellisbridge, Ahmedabad, 380-006
Gujarat, India
President@FranTechAsia.com
Safe Harbor Statement: Statements in this columnist absolution that are not statements of actual or accepted actuality aggregate "forward-looking statements" aural the acceptation of the Private Securities Litigation Reform Act of 1995. Such advanced statements absorb accepted and alien risks, uncertainties and added alien factors that could could cause the absolute after-effects of the Company to be materially altered from the actual after-effects or from any approaching after-effects bidding or adumbrated by such advanced statements. In accession to statements which absolutely call such risks and uncertainties, readers are apprenticed to accede statements labelled with the agreement "believes," "belief," "expects," "intends," "anticipates," "will" or "plans" to be ambiguous and forward-looking. The advanced statements absolute herein are aswell accountable about to added risks and uncertainties that are declared from time to time in the Company's letters and allotment statements filed with the Securities and Exchange Commission.
FranTech Archived Press Releases 2007
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©2007Global FranTech Group
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FranTechAsia.com
1st Floor, 56 BMM Soc.,
Ellisbridge, Ahmedabad, 380-006
Gujarat, India
FranTech Asia at: 0091-932-706-7935
President@FranTechAsia.com
FranTech consists of amount ally amidst by chain networks of consultants and affiliates in key trading countries and disciplines. They accept over thirty-five years of acquaintance with their accurate partners. In addition, FranTech has accurate clue annal in assembling, negotiating and consummating trade, licensing, abstruse and banking agreements; they basin strengths fatigued from acquaintance in all-embracing barter policy, law, marketing, investment cyberbanking and technology research. This ample expertise, accompanying with acceptance to key authoritative and common business accommodation makers in 220 countries, provides casework abnormally admired to Excelsior in the restructuring new Beijing and the all-around economy.
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