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bought some here today at .052 -
i really think it technically has to bounce to fill that gap but its risky...regardless, it will have to come up a bit - maybe to the 50 ema at .10 before anything so looking for a nice bottom bounce here...glta
very nice shares to buy today, is incredible oversold
Looks like this one is history...
On November 12, 2009, the Board of Directors of the Company approved a plan to reduce the number of shareholders of the Company as part of a process to permit the Company to terminate operating as a “reporting company” under the Securities Exchange Act of 1934 because of the disproportionate expense in remaining a “public company,” compared with any benefits the Company receives as a result thereof.
The Board of Directors unanimously ratified the decision of the Special Committee of the Board of Directors to engage in a reverse stock split of one share for each 500 shares of the Company’s common stock presently issued and outstanding, with a cash payment of $0.068 per pre-split share to those shareholders who own of record or beneficially fewer than 500 pre-split shares of the Company’s common stock. This process is expected to reduce the number of record shareholders in the Company to less than 300.
On December 4, 2009, the Company filed a Preliminary Information Statement with the Securities and Exchange Commission. A final Information Statement will be sent to all shareholders. No proxies are being solicited in connection with this transaction since shareholders holding in excess of 70.8% of the issued and outstanding common stock of the Company have voted in favor of the reverse stock split.
http://sec.gov/Archives/edgar/data/1306046/000095012309068559/l38246e8vk.htm
( My bold for emphasis. )
Dick Milde
Thats a good question.
Usually a forward split is indicitive of strong growth and strong revenues being generated. not the opposite.
but like you said this was in dec 07. expectations were high and they never panned out. nonetheless, they have survived so far and finally posted a pos. Q, .01 is not impressive but the projections are for .20 eps in 2010.
I'm long AEPW hoping that these projections are somewhat actualized this time around. its a different company now, and they are poised to recieve large chunks of $ from the PRC for infrastructure improvements. thats a damn good customer to have, IMO.
Realize that AEPW is still trading below book value, but an EPS of .04 next Q will surely change all that. I'm adding here (modestly) in hopes that the company might actually pan out to be the player they originally hyped themselves to be. malc.
Does anyone know...
Why the company did a stock split ???
"On December 21, 2007, the company approved a stock split wherein the number of authorized common stock with a par value $0.001 was to be increased on a two for one basis. The above prices have been adjusted for the forward stock split."
http://sec.gov/Archives/edgar/data/1306046/000137521509000003/aepw10k08.htm
This is a sure signal by the company in that it is not interested in being listed on any major exchange. If they continue to split shares at such a low stock price they will be on the bulletin board forever. Why do they want to be a "penny stock " company... No way to attract major investors.
Dick Milde
Finally got in @ .15 after trying forever, it seems, to get a bite on my much lower bids. some .12 showed up briefly but must have been gobbled up. malc stone is now LONG AEPW! aepw finally turned the + EPS Q and if all bodes well, we should be seeing Q's of at least .03-.05 in 2010.
Been telling my friends about this one but the spread is usually so large it's scaring them away.
I also own some, but could not get in as low as I would have liked. I am going to add today if I can and then let her go and do what she will do. If it gets volume or somemomo it could easily run in to the .30- .50 range or better, just looking back and comparing to some other stocks from China SC board. GLTA.
tika - i guess just a handful are the only ones around here following this one. CPS and bradford from the china stock gurus club dont know anything about it, let alone following. i only found AEPW about 2 wks ago, and had been trying to buy it every other day for around .06-.07 to no avail. today at lunch i put in an order @ .09 - shot back up to .15
i'm starting to think that my banc of A since the merger with good ole Merryl L is giving me the reach around since i'm just a small investor. nonetheless i will try to pick some up tmmrw, however with this tremedous volume today compared to the last few weeks i doubt i'll get in at that sweet price.
oh well.
i think a Q EPS of .04-.05 in 2010 is not unreasonable at this point, and for sure even +.01 is excellent for this Q. This time next year this could be trading around .40-.50, the 12mo. target of 4.50 seems like pipe dreaming IMO - i'd be happy to see .23 BV for a start...
AEPW - Posted positive earning and have bright future. Hopefully they have somekind of PR for this bullish report.
Major highlight from 10Q
- Earning is positive 1 cent EPS
- Revenue increased 66% from $3997033 to $6637692
- Next quater revenue guidence $6,700,000
I hope they will make atleast 4-6 cents per year in 2010. Not bad for company trading currenty at 7-10 cents.
Slowly moving higher. Now we need volume. I could not buy all I wanted below 6 cents.
Chances of 25% grwoth in 2009
From 10K
With new developments in rural areas, the PRC will be accepting bids to service such areas to establish electrical networks. We anticipate such new developments may potentially increase our sales by 25% during fiscal 2009. A majority of our sales are generated through referrals from existing customer base however with these new developments, we expect a substantial amount of our sales to be generated by fulfilling PRC contract bids to service rural areas in 2009.
Originally posted by Potse, This post belongs to this post. Potse I think this is right place.
AEPW (.06)...electrical power systems......
52M shrs outstanding
$3.1M market cap
$3M cash
$11.9M Book Value: .23/shr
2009 revenues expected to be $18.7M (based on 2Q guidance)
Picked up some shares of AEPW as a speculative play. AEPW designs and manufactures systems to monitor/control electrical energy (switchgears, circuit breakers, etc.).
Some of the lower-quality types of China stocks often get neglected as money pours into the upper-tier names, but that can provide some opportunities. Eventually, some of the more speculative stocks out there can have their moments in the sun and produce nice percentage gains (SNPY and CHFR are two examples that have moved nicely off their 52-week lows).
AEPW does have a $1.5 million floor-less convertible note with an existing minority shareholder. However, the note can not be converted until the maturity date of December 31, 2010. Gross margins are slim so I don't see AEPW becoming wildly profitable any time soon, but there are some encouraging indications regarding anticipated revenue. Guidance in the 2Q report calls for $12M in the next 6 months, which would compare favorably to the $6.7M in the first 6 months of 2009.
An item of interest from the 10-K filed on 4/15/2009......
We endeavor to enhance our product line by improving exiting products and/or introducing new products to the marketplace. We have developed and are currently testing a gas insulated switchgear to be used in the power distribution system of power plants and sub-stations, as well as an enhancement to an existing switchgear which would afford applicability to other markets, such as power plants. We expect to introduce both products during the fourth quarter of 2009. These new products will allow us to enter new markets and attract new customers.
AEPW websites.....
http://www.greghetrick.com/AEP2/about.asp (from around the time the company went public)
http://www.aepe.biz/cn/
What is nice to see is that they say they will require $12M in working capital for the 2nd half of 2009 but they talk about, if necessary, getting shareholder loans or bank loans and don't mention diluting the stock.
Poste,
Thanks for your reply and I am planning to buy as much as I can below 6 cents but no one is selling me.
Company started to do PR, hopefully something good is coming up. Some of Chinese stimulus money flows into power sector which brings business opportunity for this little company. There is nothing to loose at this level.
Thanks for your reply and let's keep this board alive.
tika1_sharma...AEPW position.....
I still have my entire position, as I am expecting to see a 3-bagger type of move in the stock.
With the stock trading at less than the cash in the bank, slight indications that the company might become a little bit more active on investor relations, and that interesting statement in the last quarterly filing regarding the expected introduction of new products in the fourth quarter, I think the upside potential at the current price is much better than the downside risk.
AEPW has managed to report slight-to-mild profits on the bottom line in 5 of the last 6 fiscal years. The only "bad" year was 2007 when the company had one-time expenses related to stock options. Back out that expense and AEPW would have made about $1M that year. I am expecting that AEPW will be profitable again this year.
Any significantly positive changes to AEPW's business operations (for example, some alliance or joint venture or large contract signings), or the company signing up an IR firm could produce a pretty good move in the stock beyond what I am anticipating.
I missed these filings. It looks like they're trying to catch up on 2007. Two 10QSB/A's were filed on July 10th, 2008.
For period ending March 31, 2007:
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6039832
For period ending June 30, 2007:
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6039835
Is something missing in here .Anybody ???????everything looks good and positive , waiting for that rebound to happen
May 5th 2008 -Asia Electrical Power Announces Opening of New Manufacturing Facilities. http://biz.yahoo.com/iw/080305/0370482.html
May11 2008 Asia Electrical Power Announces Over $3 Million in Foreign Market Orders. http://biz.yahoo.com/iw/080311/0373087.html
May 13 2008 Asia Electrical Power Announces Opening of 45 New Sales Offices in 20 Cities Across China http://biz.yahoo.com/iw/080313/0374375.html
May 27 2008 Asia Electrical Power Designated as a Key Manufacturer of Secondary Electrical Power Systems by China National Power Authority http://biz.yahoo.com/iw/080327/0380311.html
April 2 2008 Asia Electrical Power Receives Initial Orders Exceeding $7 Million From Chinese Government in First Quarter of 2008 http://biz.yahoo.com/iw/080402/0382809.html
April 15 2008 Asia Electrical Power Reports Record Revenue for 2007 http://biz.yahoo.com/iw/080415/0386725.html
May 29 2008 - Vanguard Equity Research Corp Initiates Coverage on Asia Electrical Power With a Buy Rating and a $4.50 Price Target. http://biz.yahoo.com/iw/080528/0401452.html
hey i do what can
It is, and thanks for the heads-up, Louji
ok here is whats new.large campaign scheduled for this company in the next few weeks and expect the stock to make a big push. you may want to keep it in your watch list.
looking alot better , we just have to wait and see
True.. and that's a nice move today.. I wonder if news is on the horizon somewhere? That remains to be seen, but it's looking better for sure!
AEPW on the move again . AEPW.OB is up and continues moving upward
hey superbee, dance with me
Nice find! Thanks Lou
AEPW Rated Buy with $4.50 Price Target
SAN FRANCISCO, CA--(MARKET WIRE)--May 28, 2008 -- Asia Electrical Power International Group, Inc. (OTC BB:AEPW.OB - News) announces that Vanguard Equity Research Corp (VERC), a leading independent equity research firm, has initiated coverage on the company. VERC senior analyst, Michael Anderegg, CFA, issued a Buy rating with a 12-month price target of $4.50 in the comprehensive research report. The complimentary 34 page report is available on VERC's website at www.vanguarderc.com as well as on leading financial portals.
same here, I miss it too..
goodmorning Bee!~
hang in there with all the fires in fl..WOW
Good morning AD,
Yes, I've been keeping an eye on AEPW, and it is holding nicely so far But I don't own any, and with my luck, something spectacular will happen when I am cashless.. LOL
The Beta Ihub test is good, except for a quirk or two I can get used to it! The one change that the Brits made on Ihub that I detest is the chart. I miss the 5 day charts being right there!~
Seems to be holding up Bee~
1.80 for today
hope you are doing well..
the new beta test drive is interesting, I'm using both to get a feel..lol
drive two cars at the same time geeeeze..LOL
AEPW is still holding at 1.75 x 1.85 with light volume.
Last price was 1.80
I asked an Ihub poster, who I respect 1000%, what he thought about AEPW. He gave me permission to post what he found, and what he sent to me in a PM. I guess that this gem I found, isn't quite the gem I originally thought! I will keep an eye on it though, and see if it turns around with the new contracts, etc!
Thank you 53chevy for your evaluation
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Based on the IBOX data and PRs, the stock appears to be severely over-valued at current prices, and they are having trouble with profitability.........
For 2007, revenues were $11.67M, while Q4 had a record increase, and drove $3.62M of total revenues (31% of 2007)
Net income was $961K for the year, a very respectable 8.2%, yet Q4 was only $51,700 K of that (5.4% of total net income for the year)
So while revenues were at a record high, profitability is dropping rapidly. Also, when you factor in one-time expenses, their Q4 performance was actually negative income........
Also, the pps ratios are way out of whack with DJIA averages (Dow Jones Industrial Average)
Stock valuations are considered against revenue/OS ratio or earnings/OS ratios. Typical rule of thumb for revenues is 3x revenues/OS, which for AEPW would only put the "expected" stock price @ $0.67
For eps, the current DJIA is 29x earnings, so you take that against the $961K and 52M OS, you come up with a target pps of only $0.54 per share..........and declining, if you annualize that Q4 performance.........
sia Electrical Power Reports Record Revenue for 2007
Tuesday 04/15/2008 9:15 AM ET - Market Wire
Related Companies
Symbol Last %Chg
AEPW 1.87 0.00%
As of 12:00 AM ET 4/29/08
Asia Electrical Power International Group, Inc. (OTCBB: AEPW) ("Asia Electrical"), a leading manufacturer of secondary electrical power systems in China, today reported financial results for the year ended December 31, 2007.
Highlights:
-- 2007 revenues were up 45% year-over-year to $11.67 million.
-- Excluding a one-time expense, net income for the year was up 125% year-
over-year to $961,000.
-- Excluding a one-time expense, fully diluted EPS for the year was up
100% year-over-year to $0.02.
-- Fourth quarter revenues up 39% year-over-year to $3.62 million.
-- Balance sheet is strengthened with almost $3 million in cash and no
long term debt.
Yulong Guo, Asia Electrical Power's Chairman and Chief Executive Officer, commented, "Our successes in 2007 serve as a solid foundation for our continued growth in 2008 and beyond. As we continue our efforts to drastically increase the Company's domestic market share while aggressively solidifying our position in new international markets, we are focusing on the quality of our products, the depth of our product line, and the growth of our sales network."
"With the opening of our new state-of-the-art facilities in the first quarter of 2008, which increased our manufacturing capacity by over ten fold, we are now in a position to meet the increased demand, from both domestic and international markets, for our product line. As a result, we expect 2008 to be a breakout year for the Company," concluded Mr. Guo.
Company Reports Record Revenue & Net Income
Revenues for the year ended December 31, 2007 totaled $11.67 million, an increase of 45% from $8.07 million in 2006. Excluding a one-time expense for amortization of deferred expenses (options issued to Directors, Officers, employees, and for consulting services) net income for the year ended December 31, 2007 was a Company record $961,000, or $0.02 per diluted share, compared to $427,000, or $0.01 per diluted share, in 2006. This represents an increase of 125% year-over-year. Including the one-time expense, net income for the year was $(947,000) or $(0.02) per diluted share.
Fourth quarter revenues for the period ended December 31, 2007 totaled $3.62 million, an increase of 39% from the $2.6 million reported in the fourth quarter of 2006. Excluding a one-time expense for amortization of deferred expenses (options issued to Directors, Officers, employees, and for consulting services) net income for the fourth quarter ended December 31, 2007 was $51,700, as compared to $158,000 reported in the fourth quarter of 2006.
The Company strengthened its balance sheet with $2.9 million in cash and no long term debt.
Thanks TLV
Yeah.. I started c&p'ing info into posts, and the i-box, but you're right.. there's alot of info there and it's just easier to read them in the filings.
I have to say though.. I like their year over year growth, and that they're on the OTCBB, but I'm still doing my DD on them. And believe me.. I appreciate any DD you can dig up too!
Just Some DD........
Our administrative branch office for North American investor relations and U.S. regulatory reporting is located at 6130 Elton Avenue, Las Vegas, Nevada, 89107.
>>>>>>>
Our insiders, being the directors, officers and 5% shareholders, own an aggregate of approximately 65% of our outstanding shares. Our President holds 100% of 5,000,000 units of our preferred shares with entitles each preferred share to 100 votes. As a result, the insiders will be able to control the outcome of all matters requiring stockholder approval and will be able to elect all of our directors. Such control, which may have the effect of delaying, deferring or preventing a change of control, is likely to continue for the foreseeable future and significantly diminishes control and influence which future stockholders may have in the Company
>>>>>>>>
Stockholders of Our Common Shares
As of April 10, 2008, we have 51,959,693 commons shares outstanding and 5,000,000 preferred shares outstanding.
Rule 144 Shares
Under Rule 144 as currently in effect, a person who has beneficially owned shares of a company's common stock for at least one year is entitled to sell within any three month period a number of shares that does not exceed the greater of:
1. 1% of the number of shares of the company's common stock then outstanding which, in our case, will equal 240,000 shares as of the date of this prospectus; or
2. the average weekly trading volume of the company's common stock during the four calendar weeks preceding the filing of a notice on form 144 with respect to the sale.
Sales under Rule 144 are also subject to manner of sale provisions and notice requirements and to the availability of current public information about the company.
Under Rule 144(k), a person who is not one of the company's affiliates at any time during the three months preceding a sale, and who has beneficially owned the shares proposed to be sold for at least two years, is entitled to sell shares without complying with the manner of sale, public information, volume limitation or notice provisions of Rule 144.
>>>>>>>>
Please also refer to Recent Sales of Unregistered Securities above. As of April 10, 2008, our total authorized capital is 150,000,000 common shares with a par value of $0.001 per share.
24,000,000 common shares are issued to 21 shareholders on January 23, 2003 wherein we entered into an Asset and Share Exchange Agreement (the " Agreement ") Naiji whereby we acquired all its issued and outstanding stock for consideration of 24,000,000 shares of our common stock.
Of this total, 7,290,000 shares of common stock are were registered under Regulation S on Form SB2 effective January 27, 2007. The offered selling price was $0.02 per share.
On December 21, 2007, the company approved a stock split wherein the number of authorized common stock with a par value $0.001 was to be increased on a two for one basis. The total authorized capital increased from 75,000,000 to 150,000,000. Accordingly, the number of issued common stock increased from 24,000,000 to 48,000,000. The Company also approved the establishment of a new class of preferred shares with a $ 0.001 par value with an authorized capital of 5,000,000 preferred shares.
On December 22, 2006, 5,000,000 shares of preferred stock, par value $0.001, were allotted and issued to our President, Yulong Guo for repayment of shareholder loans.
A further 2,500,000 shares of common stock were allotted and issued to Yulong Guo and 500,000 shares issued to Xiaoling Chen. These shares were issued for repayment of shareholder loans.
All of our authorized common shares are of the same class and, once issued, rank equally as to dividends, voting powers, and participation in assets. Holders of shares are entitled to one vote for each share held of record on all matters to be acted upon by the shareholders.
.........
2 Much 2 C/P
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5862948
Asia Electrical Power International Group, Inc.
2255 -A Renaissance Drive
Las Vegas, NV 89119
Phone: 702-922-1939
Not bad! 1.81 x 1.87, closed at 1.87, + 15.43%
Hi basser! you're 100% correctomundo.. and when you find more info.. please bring it on
Good morning Bee,
1.81 0.19 11.73% 4,050
I was doing some dd around some of the boards when I stumbled on to this. Given the demand for electricity and fuel that the Chinese are developing this looks to me like a company that has a pretty good upside to it. China is trying to modernize the country at an amazing rate.
I will be checking into this company deeper but so far I like the share structure and the prospects look good for growth in the future. Oh and if it makes you feel any better all the switches and things are Greek to me too. lol!! I guess that the only thing that we would really need to know about them is that when you throw one to the on position that some lady in Bejing will be able to turn on the hair dryer!!
Have a great day,
Basser
Intellectual Property
Patents
We carry one patent for our SRM 16-12/24 SF6 GIS Ring Main Unit. We obtained this patent from the National Intellectual Property Bureau in April 2000. The patent life is 10 years and expires April 2010.
The significance of carrying a patent on this product is that at the time, we expected to generate the majority of our revenues from this model and wanted protection from any loss of revenue from the pirating of this product by various sources and from sales in illegal markets. However, this product has continuously been pirated despite the patent.
We do not carry any patents for our other products because the cost of obtaining a patent outweighs the benefits as copyright infringement laws in PRC are relatively new and enforcement to our knowledge is rare.
Since PRC joined the World Trade Organization, the Trademark Law was amended in 2001 and Implementing Rules in late 2002, and amended its copyright law.
Enforcement of copyright infringement in PRC has also been addressed, including recent changes that stiffened penalties for patent, trademark or copyright infringement, and the use of preliminary injunctions, and added criminal liability as an available remedy to trademark infringement.
In light of these new amendments, we may apply for patents on the remainder of our products in 2007.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Yumpin yiminy.. these switches, etc., are Greek to me:
Principal Products, Services and Their Markets
We design, manufacture and market electrical power systems designed to monitor and control the flow of electrical energy and to provide protection to motors, transformers and other electrically powered equipment.
We carry a wide range of products which are generally configured together in various combinations to form a whole electric power and management system. The combinations vary depending on the needs of the customer and design specifications.
Our produce line is as follows:
Switchgears are use in combination with control, measurement, protection and command devices with which they are associated. Switchgears are commonly used in association with the electric power system, or grid, with the combination of electrical disconnects and/or circuit breakers used to isolate electrical equipment. Switchgear is used both to de-energize equipment to allow work to be done and to clear faults downstream.
- 5 -
--------------------------------------------------------------------------------
SRM 16-12/24 SF6 GIS Ring Main Unit
This product is used in conjunction with existing power systems to pass electrical current from one area to another; to allow for continuous flow of electricity. This product uses SF6 sulphurhexaflouride, a non-poisonous electronegative gas as insulation to protect the components. This product also has arc extinguishing properties through the use of circuit breakers. An arc is sparking which results when there are higher than normal levels of current and results in increased temperature in the unit. This occurs when the level of electricity used at one time exceeds a maximum level. The circuit breaker detects excessive power demands in a circuit and self-interrupts the arc when high levels of current occur. It is used primarily in connection with the generation, transmission, distribution and conversion of electric power.
This product consists of the AFL 12/24 D Load Break Switch, VDM6/12, VS1 12/24 and the BP1 Vacuum Circuit Breakers. This product is suitable for end-user or network node.
AGW 12/24 Outdoor Ring Main Unit
This product is the outdoor counterpart of the SRM 16-12/24 SF6 GIS Ring Main Unit with automatic temperature control. This product consists of the VS1-12/24, VDM6-12 and BP series vacuum circuit breakers and the AFL 12/24D Load break switch.
AGN 12/24 SF6 Ring Main Unit
This product is similar to the SRM 16-12/24 SF6 GIS Ring Main Unit however it consist of the VS1-12/24, VDM6-12 and BP series vacuum circuit breakers and the AFL 12/24D Load break switch.
KYN 12/24 Metal Clad Switchgear
This product is a complete set of distribution devices with 3.6 -2KV, 24KV used mainly in power plants, and mining industries.
Load Break Switches interrupts normal load currents in low voltage distribution networks.
EK24 GIS Load Break Switch
This product is an indoor high-voltage SF6 load switch and switchgear with a rated voltage of 12KV/24KV. It consists of SF6 gas as an arc-extinguishing property and insulation medium. This product includes three switch locations for on/off switching suitable for uses requiring controls at different locations. This product is adaptable with outdoor type cable cabinets.
AFL 12/24D Load Break Switch
This product is an indoor high-voltage SF6 load switch and switchgear with a rated voltage of 12KV. It consists of SF6 gas as an arc-extinguishing property and insulation medium. This product includes three switch locations for on/off switching suitable for uses requiring controls at different locations. This product is adaptable with outdoor type cable cabinets.
AFW 12/24 Overhead Load Break Switch
This product is an outdoor high-voltage SF6 load switch is the outdoor overhead type distribution equipment with the rated voltage of 12KV and the three-phase alternating current of 50Hz. It is mainly used to make and break rated current or regulate overload current on aerial circuit, which is suitable for systems such as electric network transformer substations and mining and industrial enterprises.
- 6 -
--------------------------------------------------------------------------------
AFLA 12/24D SF6 Load Break Switch
This product is an indoor high-voltage SF6 load switch and switchgear with a rated voltage of 12KV. It consists of SF6 gas as an arc-extinguishing property and insulation medium. This product includes three switch locations for on/off switching suitable for uses requiring controls at different locations. This product is adaptable with outdoor type cable cabinets however are mainly used indoors.
Circuit Breakers are electric device that, like a fuse, interrupts an electric current in a circuit when the current becomes too high.
VDM6/12 Vacuum
This product is an indoor high voltage vacuum circuit breaker with permanent magnetic mechanism with a rated voltage of 12KV and the three-phase alternating current of 50Hz and is used to switch on/off various types of electrical load. It is suitable for various types of electrical networks however used especially in industries requiring the generation of higher voltages and longer operating times.
VS1 12/24 Vacuum Circuit Breaker
This product is the outdoor counterpart of the VDM6/12 Vacuum.
AZW 12/24 Outdoor Circuit Breaker
This product is an indoor high voltage vacuum circuit breaker with permanent magnetic mechanism with a rated voltage of 12KV-24KV and the three-phase alternating current of 50Hz and is used to switch on/off various types of electrical load. It is suitable for various types of electrical networks however used especially in industries requiring the generation of higher voltages and longer operating times.
BP1/BP2 Vacuum Circuit Breaker
This product is not manufactured by the Company and is imported by suppliers in the Ukraine. It has a vacuum circuit breaker with permanent magnetic mechanism with a rated voltage of 10KV/12KV/24KV.
Geeez.. I suppose I should have bought some before posting.. 1.77 x 1.80 , up .15 cents
Asia Electrical Power Reports Record Revenue for 2007
LAS VEGAS, NV, Apr 15, 2008 (MARKET WIRE via COMTEX) -- Asia Electrical Power International Group, Inc. (OTCBB: AEPW) ("Asia Electrical"), a leading manufacturer of secondary electrical power systems in China, today reported financial results for the year ended December 31, 2007.
Highlights:
-- 2007 revenues were up 45% year-over-year to $11.67 million.
-- Excluding a one-time expense, net income for the year was up 125% year-
over-year to $961,000.
-- Excluding a one-time expense, fully diluted EPS for the year was up
100% year-over-year to $0.02.
-- Fourth quarter revenues up 39% year-over-year to $3.62 million.
-- Balance sheet is strengthened with almost $3 million in cash and no
long term debt.
Yulong Guo, Asia Electrical Power's Chairman and Chief Executive Officer, commented, "Our successes in 2007 serve as a solid foundation for our continued growth in 2008 and beyond. As we continue our efforts to drastically increase the Company's domestic market share while aggressively solidifying our position in new international markets, we are focusing on the quality of our products, the depth of our product line, and the growth of our sales network."
"With the opening of our new state-of-the-art facilities in the first quarter of 2008, which increased our manufacturing capacity by over ten fold, we are now in a position to meet the increased demand, from both domestic and international markets, for our product line. As a result, we expect 2008 to be a breakout year for the Company," concluded Mr. Guo.
Company Reports Record Revenue & Net Income
Revenues for the year ended December 31, 2007 totaled $11.67 million, an increase of 45% from $8.07 million in 2006. Excluding a one-time expense for amortization of deferred expenses (options issued to Directors, Officers, employees, and for consulting services) net income for the year ended December 31, 2007 was a Company record $961,000, or $0.02 per diluted share, compared to $427,000, or $0.01 per diluted share, in 2006. This represents an increase of 125% year-over-year. Including the one-time expense, net income for the year was $(947,000) or $(0.02) per diluted share.
Fourth quarter revenues for the period ended December 31, 2007 totaled $3.62 million, an increase of 39% from the $2.6 million reported in the fourth quarter of 2006. Excluding a one-time expense for amortization of deferred expenses (options issued to Directors, Officers, employees, and for consulting services) net income for the fourth quarter ended December 31, 2007 was $51,700, as compared to $158,000 reported in the fourth quarter of 2006.
The Company strengthened its balance sheet with $2.9 million in cash and no long term debt.
If you would like to be added to Asia Electrical's investor email list, please contact Zack Noory with Nexus Investor Relations at znoory@nexusir-online.com.
About Asia Electrical Power
Asia Electrical Power International Group, Inc., through its wholly owned subsidiary Asia Electrical Power Co. Ltd., is a leading manufacturer of secondary electrical power systems in China. The Company is a high technology enterprise dedicated to manufacturing the finest components in secondary electrical power systems, such as cabinet-type electric substations, outdoor switching-mechanisms, cable feeder pillars and switching elements, and to becoming a leading global player in the sales of high, medium and low voltage, complete-set equipment. The Company has a proven track record of robust growth and a promising outlook for substantial earnings growth through expanded market penetration as well as investment in the exploding electrical power industry sector throughout China, elsewhere in Asia and beyond to the Americas. For additional information, please visit www.asiaelectricalpower.com.
Forward looking statement: Except for the historical information, the matters discussed in this news release may contain forward-looking statements, including, but not limited to, factors relating to future sales. These forward-looking statements may involve a number of risks and uncertainties. Actual results may vary significantly based on a number of factors, including, but not limited to, uncertainties in product demand, the impact of competitive products and pricing, changing economic conditions around the world, release and sales of new products and other risk factors detailed in the company's most recent annual report and other filings with the Securities and Exchange Commission.
FOR FURTHER INFORMATION:
AT NEXUS INVESTOR RELATIONS:
Zack Noory
Managing Partner
310-606-2018
znoory@nexusir-online.com
SOURCE: Asia Electrical Power International Group, Inc.
CONTACT: mailto:znoory@nexusir-online.com
Copyright 2008 Market Wire, All rights reserved.
Asia Electrical Power Receives Initial Orders Exceeding $7 Million From Chinese Government in First Quarter of 2008
Company to Play Key Role in Massive Rebuilding of Electric Power Grid Throughout China
LAS VEGAS, NV, Apr 02, 2008 (MARKET WIRE via COMTEX) -- Asia Electrical Power International Group, Inc. (OTCBB: AEPW) ("Asia Electrical"), a leading manufacturer of secondary electrical power systems in China, today announced that it has received over $7 million in orders from the Chinese government in the first quarter of 2008. The orders were for the Company's secondary electrical power systems components and complete-set equipment to be used to restore and upgrade the damaged electrical grids in numerous provinces throughout China.
On January 29, 2008, just before the start of the Chinese New Year, China was struck with the worst winter storm in over half a century. Millions of people travelling for the Chinese New Year holiday were left stranded due to major disruption and breakdown of the electric grid infrastructure in most cities and provinces throughout China, grounding trains to a halt and engulfing homes, businesses and shelters in darkness. This breakdown of the electric grid caused the Chinese Premier to issue an almost unprecedented apology to the people and promise to make upgrading the electrical grid a top priority for the government. The estimated cost for restoring the electric grid throughout China was placed at about $5.5 billion dollars with an additional $36 billion required to upgrade and reform the grid.
"It is unfortunate that China and the Chinese people had to endure such a devastating storm during the most important holiday in the country, and even more unfortunate that they endured it without electricity and the transportation means dependant on it," commented Mr. Yulong Guo, Asia Electrical Power's Chairman and Chief Executive Officer. "However, this tragedy served as the catalyst for the government to place top priority to upgrading the aged electric grid system throughout the country and allocate the needed funds and resources to complete the task expeditiously."
Asia Electrical is one of only a select number of electrical component manufacturers in China to have been granted the designated manufacturer status and received certification as a "Key Manufacturer" by the National Power Authority of China. This initial order of $7 million is indicative of the role Asia Electrical expects to play in the initial phase of the restoration and rebuilding of the electrical power grid in China. The orders were received in the second half of the first quarter and are expected to be completed and delivered this year.
"We are very excited to take part in this massive rebuilding project throughout China and, with our recent move to our new manufacturing facilities, we are very well positioned to take full advantage of and easily meet this drastic increase in demand. We have started the year with a tremendous boost in sales, both from domestic and international markets, and are looking forward to sustaining and increasing this growth rate in the coming quarters and years," concluded Mr. Guo.
If you would like to be added to Asia Electrical's investor email list, please contact Zack Noory with Nexus Investor Relations at znoory@nexusir-online.com.
About Asia Electrical Power
Asia Electrical Power International Group, Inc., through its wholly owned subsidiary Asia Electrical Power Co. Ltd., is a leading manufacturer of secondary electrical power systems in China. The Company is a high technology enterprise dedicated to manufacturing the finest components in secondary electrical power systems, such as cabinet-type electric substations, outdoor switching-mechanisms, cable feeder pillars and switching elements, and to becoming a leading global player in the sales of high, medium and low voltage, complete-set equipment. The Company has a proven track record of robust growth and a promising outlook for substantial earnings growth through expanded market penetration as well as investment in the exploding electrical power industry sector throughout China, elsewhere in Asia and beyond to the Americas. For additional information, please visit www.asiaelectricalpower.com.
Forward-looking statement: Except for the historical information, the matters discussed in this news release may contain forward-looking statements, including, but not limited to, factors relating to future sales. These forward-looking statements may involve a number of risks and uncertainties. Actual results may vary significantly based on a number of factors, including, but not limited to, uncertainties in product demand, the impact of competitive products and pricing, changing economic conditions around the world, release and sales of new products and other risk factors detailed in the company's most recent annual report and other filings with the Securities and Exchange Commission.
FOR FURTHER INFORMATION:
AT NEXUS INVESTOR RELATIONS:
Zack Noory
Managing Partner
310-606-2018
znoory@nexusir-online.com
SOURCE: Asia Electrical Power International Group Inc.
CONTACT: mailto:znoory@nexusir-online.com
Copyright 2008 Market Wire, All rights reserved.
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SUBJECT CODE: Electronics and Semiconductors:Electronic
Asia Electrical Power Designated as a Key Manufacturer of Secondary Electrical Power Systems by China National Power Authority
LAS VEGAS, NV, Mar 27, 2008 (MARKET WIRE via COMTEX) -- Asia Electrical Power International Group, Inc. (OTCBB: AEPW) ("Asia Electrical"), a leading manufacturer of secondary electrical power systems in China, today announced that the National Power Authority of China granted the Company the designated manufacturer status and approved its certification as a "Key Manufacturer."
"We are very pleased with the National Power Authority's decision to grant us this certification and designation. It is yet another testament to the quality of our products and the dedication of our employees in creating them," commented Mr. Yulong Guo, Asia Electrical Power's Chairman and Chief Executive Officer. "The timely expansion of our manufacturing capacity gives us a distinct advantage in the market to meet this growing demand."
The 17th National Congress of the Peoples Republic of China recently mandated that the country's electrical power infrastructure be increased by a minimum of 45% per year for the next 10 years and budgeted over $35 billion dollars to accomplish this goal. As a certified and designated "Key Manufacturer," Asia Electrical is poised to significantly increase its market share of this growth in demand.
If you would like to be added to Asia Electrical's investor email list please contact Zack Noory with Nexus Investor Relations at znoory@nexusir-online.com.
About Asia Electrical Power
Asia Electrical Power International Group, Inc., through its wholly owned subsidiary Asia Electrical Power Co. Ltd., is a leading manufacturer of secondary electrical power systems in China. The Company is a high technology enterprise dedicated to manufacturing the finest components in secondary electrical power systems, such as cabinet-type electric substations, outdoor switching-mechanisms, cable feeder pillars and switching elements, and to becoming a leading global player in the sales of high, medium and low voltage, complete-set equipment. The Company has a proven track record of robust growth and a promising outlook for substantial earnings growth through expanded market penetration as well as investment in the exploding electrical power industry sector throughout China, elsewhere in Asia and beyond to the Americas. For additional information, please visit www.asiaelectricalpower.com.
Forward looking statement: Except for the historical information, the matters discussed in this news release may contain forward-looking statements, including, but not limited to, factors relating to future sales. These forward-looking statements may involve a number of risks and uncertainties. Actual results may vary significantly based on a number of factors, including, but not limited to, uncertainties in product demand, the impact of competitive products and pricing, changing economic conditions around the world, release and sales of new products and other risk factors detailed in the company's most recent annual report and other filings with the Securities and Exchange Commission.
FOR FURTHER INFORMATION:
AT NEXUS INVESTOR RELATIONS:
Zack Noory
Managing Partner
310-606-2018
znoory@nexusir-online.com
SOURCE: Asia Electrical Power International Group Inc.
CONTACT: mailto:znoory@nexusir-online.com
Copyright 2008 Market Wire, All rights reserved.
Asia Electrical Power Announces Opening of 45 New Sales Offices in 20 Cities Across China
LAS VEGAS, NV, Mar 13, 2008 (MARKET WIRE via COMTEX) -- Asia Electrical Power International Group, Inc. (OTCBB: AEPW) ("Asia Electrical"), a leading manufacturer of secondary electrical power systems in China, today announced plans to open 45 new sales offices in 20 cities across China. The Company expects to have all 45 offices operational by the end of the first quarter.
Each office will initially employ three sales agents, with at least one having technical expertise. This move is part of Asia Electrical's growth strategy to expand its domestic market share in China.
"We are looking forward to having all of our new sales outlets operational," commented Yulong Guo, Asia Electrical Power's Chairman and Chief Executive Officer. "We have always known that demand is high for our products in many different provinces in China and having recently increased our manufacturing capacity to be able to fulfill this demand, we are now in a position to aggressively enter each market."
If you would like to be added to Asia Electrical's investor email list, please contact Zack Noory with Nexus Investor Relations at znoory@nexusir-online.com.
About Asia Electrical Power
Asia Electrical Power International Group, Inc., through its wholly owned subsidiary Asia Electrical Power Co. Ltd., is a leading manufacturer of secondary electrical power systems in China. The Company is a high technology enterprise dedicated to manufacturing the finest components in secondary electrical power systems, such as cabinet-type electric substations, outdoor switching-mechanisms, cable feeder pillars and switching elements, and to becoming a leading global player in the sales of high, medium and low voltage, complete-set equipment. The Company has a proven track record of robust growth and a promising outlook for substantial earnings growth through expanded market penetration as well as investment in the exploding electrical power industry sector throughout China, elsewhere in Asia and beyond to the Americas. For additional information, please visit www.asiaelectricalpower.com.
Forward-looking statement: Except for the historical information, the matters discussed in this news release may contain forward-looking statements, including, but not limited to, factors relating to future sales. These forward-looking statements may involve a number of risks and uncertainties. Actual results may vary significantly based on a number of factors, including, but not limited to, uncertainties in product demand, the impact of competitive products and pricing, changing economic conditions around the world, release and sales of new products and other risk factors detailed in the company's most recent annual report and other filings with the Securities and Exchange Commission.
FOR FURTHER INFORMATION:
AT NEXUS INVESTOR RELATIONS:
Zack Noory
Managing Partner
310-606-2018
znoory@nexusir-online.com
SOURCE: Asia Electrical Power International Group, Inc.
CONTACT: mailto:znoory@nexusir-online.com
Copyright 2008 Market Wire, All rights reserved
Asia Electrical Power Announces Over $3 Million in Foreign Market Orders
New Orders Represent Company's Initial Penetration Into Foreign Markets
LAS VEGAS, NV, Mar 11, 2008 (MARKET WIRE via COMTEX) -- Asia Electrical Power International Group, Inc. (OTCBB: AEPW) ("Asia Electrical"), a leading manufacturer of secondary electrical power systems in China, today announced it has received over $3 million in orders from new foreign customers during the month of January.
The orders represent the Company's initial breakthrough into foreign markets. With the recent opening of their new 330,000 sq. ft. state-of-the-art manufacturing facilities, Asia Electrical is now able to expand aggressively in both domestic and international markets.
"In our previous facilities we were hindered by our capacity and could not aggressively pursue foreign sales," commented Yulong Guo, Asia Electrical Power's Chairman and Chief Executive Officer. "These initial orders represent an increase of over 155% from the total revenues generated in all of first quarter 2007 and confirm the level of demand for our products internationally. We are looking forward to increasing our market share in international markets now that we have the manufacturing capacity to meet both the anticipated domestic and international growth in demand."
If you would like to be added to Asia Electrical's investor email list please contact Zack Noory with Nexus Investor Relations at znoory@nexusir-online.com.
About Asia Electrical Power
Asia Electrical Power International Group, Inc., through its wholly-owned subsidiary Asia Electrical Power Co. Ltd., is a leading manufacturer of secondary electrical power systems in China. The Company is a high technology enterprise dedicated to manufacturing the finest components in secondary electrical power systems, such as cabinet-type electric substations, outdoor switching-mechanisms, cable feeder pillars and switching elements, and to becoming a leading global player in the sales of high, medium and low voltage, complete-set equipment. The Company has a proven track record of robust growth and a promising outlook for substantial earnings growth through expanded market penetration as well as investment in the exploding electrical power industry sector throughout China, elsewhere in Asia and beyond to the Americas. For additional information, please visit www.asiaelectricalpower.com.
Forward-looking statement: Except for the historical information, the matters discussed in this news release may contain forward-looking statements, including, but not limited to, factors relating to future sales. These forward-looking statements may involve a number of risks and uncertainties. Actual results may vary significantly based on a number of factors, including, but not limited to, uncertainties in product demand, the impact of competitive products and pricing, changing economic conditions around the world, release and sales of new products and other risk factors detailed in the company's most recent annual report and other filings with the Securities and Exchange Commission.
FOR FURTHER INFORMATION:
AT NEXUS INVESTOR RELATIONS:
Zack Noory
Managing Partner
310-606-2018
znoory@nexusir-online.com
SOURCE: Asia Electrical Power International Group, Inc.
CONTACT: mailto:znoory@nexusir-online.com
Copyright 2008 Market Wire, All rights reserved.
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