GLOBAL FRANTECH AND CITISKY SIGN AGREEMENTS WITH EXCELSIOR WHICH WERE CHOSEN FOR MAJOR BEIJING DEVELOPMENT PROJECTS IN CHINA
Released on: October 20, 2007, 1:14 am
Press Release Author: Damodaran Shanker
Industry: Real Estate
Press Release Summary: GUANGZHOU, Guangdong, China - October 21,2007 - Global FranTech Group, FranTech USA, FranTech Guangdong, FranTech Asia /CitiSky Ltd, a 50/50 joint venture between The Excelsior Group and Ernst & Young China, Construction Services and Financial Management, a business unit of Ernst & Young Global, has been selected by Excelsior and CitiSky Investment Company Ltd. to provide project funding for engineering, land procurement, construction planning, and other associated support services for the basic design concept and definition phases of the Beijing Dai Jin Yuan / WenYu River Projects located along WenYu River. Excelsior\'s contract value with CitiSky funding for this initial effort is approximately US$1.40 Trillion. Work is underway in FranTech USA office and CitiSky\'s Hong Kong offices will continue through first quarter 2008.
Press Release Body: GUANGZHOU, Guangdong, China - October 21,2007 - Global FranTech Group, FranTech USA, FranTech Guangdong, FranTech Asia /CitiSky Ltd, a 50/50 joint venture between The Excelsior Group and Ernst & Young China, Construction Services and Financial Management, a business unit of Ernst & Young Global, has been selected by Excelsior and CitiSky Investment Company Ltd. to provide project funding for engineering, land procurement, construction planning, and other associated support services for the basic design concept and definition phases of the Beijing Dai Jin Yuan / WenYu River Projects located along WenYu River. Excelsior\'s contract value with CitiSky funding for this initial effort is approximately US$1.40 Trillion. Work is underway in FranTech USA office and CitiSky\'s Hong Kong offices will continue through first quarter 2008.
\"The union of Global FranTech and CitiSky Ltd. Signed agreements with The Excelsior Development Services Group, to form Grand Excelsior, offered ZSD Master Plan and GE Master Planing unmatched value. Global FranTech CitiSky and Excelsior has the experience, project management team, resource base and corporate commitment that Beijing projects requires.\" said Dr. Mark Smith Ernst & Young\'s Project Manager Construction Accounting Services.
It is anticipated that the Dai Jin Yuan project will include multiple 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 project provides an enormous opening for both companies to enter and contribute to the emerging 4 East China Sea Island hydrocarbon market, and positions us well to capitalize on the many anticipated project opportunities to come,\" commented Philip Nadeau, President of Global FranTech\'s Production, Technology Licensing Systems operating company. The new joint venture plans to work closely with the Chinese.
\"The relationships FranTech has built with Chinese Universities and Institutes and in-country technology suppliers and Columbia University will play a critical 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 signed a exclusive agreement with Global FranTech, FranTech USA, FranTech Asia, FranTech Guangdong, (FranTech), of Guangzhou, China, which grants FranTech the right to market The Excelsior Group projects licenses into Beijing projects through FranTech\'s network of 600 agents in 220 countries from governments around the world.
The company explained that the The Excelsior Group a international development services company are uniquely suited to meet the \"Global Real Estate Development\" needs of most countries.
The Ernst & Young has been retained with its online construction accounting and financial management system allows for quick and secure executions of customer construction task, in a simple, safe, easy to use and understanding format.
Michael Weinberg, CEO of Excelsior, said, \"We chose FranTech because of their tremendous geographic reach and proven track record in establishing licensing agreements. With more than 35 years of experience. FranTech knows China international trade policy, law, marketing, investment banking, and technology research. Its broad expertise, coupled with access to key governmental decision makers, Large financial institutions provides services uniquely valuable to Excelsior overseas.\"
The company explained that FranTech\'s mission is to foster the development of the global economy by providing a global perspective to new online e-Government infrastructure, global developers, marketers, manufacturers and innovators on newly emerging and preemptive technologies to rebuild countries. It offers world-class solutions for the licensing and transfer of USA and Worldwide innovations of new technologies to emerging economies.
Philip Nadeau, CEO of FranTech, said, \"We see a tremendous market worldwide for Excelsior development services and already have interest from several countries to join in Beijing projects. We plan on developing brand name recognition and positioning of The Excelsior Group with many governmental agencies where we already have relationships in place.\"
About The Excelsior Group
The Excelsior Global Development service consists of a secure Ernst & Young construction system with 24 hour projects teams can access the contractions tracking systems. All construction transactions are monitored, secure and kept completely private and confidential on EY system.
The focus of The Excelsior Group Real Estate Development is to give Countries and companies exposure to investors and CitiSky investment capital from all over the world and not just in the country of their primary listing, while providing investors with an 18/24 hour trading day versus the 6 ½-7 hours provided for investors on most world construction systems. Excelsior provides qualified U.S companies as backup to its major Real Estate Development projects in Beijing.
This CitiSky new Private Placement Platform provides countries and companies with a new marketplace to raise money and issue stock saving significant fees in legal, accounting and underwriting requirements.
About Global FranTech International Licensing
FranTech consists of core partners surrounded by interlocking networks of consultants and affiliates in key trading countries and disciplines. They have over thirty-five years of experience with their proven partners. In addition, FranTech has proven track records in assembling, negotiating and consummating trade, licensing, technological and financial agreements; they pool strengths drawn from experience in international trade policy, law, marketing, investment banking and technology research. This broad expertise, coupled with access to key governmental and worldwide business decision makers in 220 countries, provides services uniquely valuable to Excelsior in the restructuring new Beijing and the global economy.
The Excelsior Group is pleased to commence a strong working relationship with FranTech.
FranTech\'s mission is to foster the development of the global economy by providing a global perspective to developers, marketers, manufactures, and innovators of newly emerging and preemptive technologies. They offer world-class solutions for the new Green technology licensing and transfer of USA and Worldwide innovations to emerging economies in 220 countries worldwide for over thirty-five years.
For information on this China exclusive technology contact: FranTech USA at: (805) 653-5264. FranTech Asia at: 0091-932-706-7935
Safe Harbor Statement: Statements in this press release that are not statements of historical or current fact constitute \"forward-looking statements\" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labelled with the terms \"believes,\" \"belief,\" \"expects,\" \"intends,\" \"anticipates,\" \"will\" or \"plans\" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company\'s reports and registration statements filed with the Securities and Exchange Commission.
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