CTX Virtual Technologies, Inc. announced that it has received approval for the establishment of a Wholly-Foreign Owned Enterprise which will replace the company's VIE structure of the company's operating subsidiaries in China. Upon successful completion of the remaining steps which includes obtaining the business licenses and setting up of the capital structure for the WFOE, this will enable CTX greater operational flexibility and ultimately provide the ability to repatriate funds from the operating subsidiaries back to the U.S.