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.
World Trade Center 3G signed an exclusive agreement with Global FranTech, FranTech USA and FranTech Asia licensing, (FranTech), of Ventura, California, and FranTech Asia, Ahmedabad, Gujarat, India which grants FranTech the exclusive rights to market WTC's 3G LLC Complexes "World Trade Centers 3G" for growing effort to offer "one stop shop" among varied trade assistance services offered Governments in 220 countries.