SHANGHAI, March 22, 2011 /PRNewswire-Asia-FirstCall/ -- Headquartered in Shanghai, China Golf Group, Inc. ("China Golf", or the "Company", or "we"), a leading developer of premium golf courses, golf communities and improved land properties in China and the first of its kind publicly registered and reporting in the United States, announced that on March 16th, 2011, China Golf signed a letter of intent with the Golf College of Shenzhen University for cooperatively setting up Golf College and Training Center in Haikou, Hainan Province, China.
Founded in 1997, the Golf College of Shenzhen University is the first golf college offering program in golf management in China. It aims at providing relative skill training and professional knowledge of golf management, obtaining the professional capabilities in management of golf clubs or associations, organizing golf tournaments and developing products and relative market of golf sport.
Both parties agree to found a joint venture of Golf College and Training Center in Haikou, Hainan Province, China to educate golf professionals in China.
The planned Golf College and Training Center will be built in Haikou, the capital city of Hainan Province, offering a full range of golf related courses based on the international standard. An 18-hole golf course for tournaments will be included in the Training Center, providing a venue for golf players to play daily.
"As the first and best golf college in China, we are excited to have the opportunity to cooperate with China Golf Group, the first US listed Chinese golf company, to set up this Golf College and Training Center in Haikou successfully," said Dr. Xiaochun Zhang, the dean of the Golf College of Shenzhen University.
"We believe this cooperation will not only provide future sufficient golf management human resource to China Golf Group," said Tiger Bi, the CEO of China Golf Group, "but also bridge China Golf Group with those privilege golf industry players via shortcut. This cooperation will enhance our core competence in different perspectives."
About China Golf Group
Founded in 2006, China Golf Group ("China Golf" or the "Company") is a Shanghai headquartered, leading developer of premium golf courses, golf communities and improved land properties sold to developers of private residence villas and/or corporate clubs. In July 2010, China Golf merged with a Delaware public company and filed with the U.S. Securities and Exchange Commission ("SEC"). China Golf designs, constructs and develops premium golf courses and golf communities in the People's Republic of China ("PRC") through our PRC based operating companies. We offer a full spectrum of golf course development and management services, including design, engineering, construction, and maintenance of golf courses as well as consulting and management of golf projects. Since the formation of Beijing Shungao in 2006, we have completed over ten golf courses in China. With our influential strategic partners, we are expanding our business to an invest-design-build-mange model with an objective to become the top golf course management company and the largest golf course chain in China.
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This press release contains certain statements that may include "forward- looking statements" within the meaning of federal securities laws. All statements, other than statements of historical facts, included herein are "forward-looking statements". Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the Company's ability to successfully expand its market presence and those discussed in the Company's periodic reports that are filed with and available from the Securities and Exchange Commission. All forward- looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
SOURCE China Golf Group, Inc.