NEW YORK, Aug. 29, 2011 (GLOBE NEWSWIRE) -- China Travel Resort Holdings, Inc. (Pink Sheets:CTVZ) announced today that it has come to the attention of its Board of Directors that some shareholders have not yet received shares called for under the previously announced stock dividend. In order to have every shareholder get the proper number of shares, the Board announced today that it has decided to delay the 4 for 1 forward split until a target date of September 30, 2011, with a payable date of October 3, 2011. This delay should allow for all shareholders to receive the restricted shares allotted under the announced stock dividend, and thus receive the correct amount of shares for the forward split.
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.