China Zhong QI Hldgs. Ltd. (CHZQ)

[Mygolfballs]

Put his ass in jail this is criminal

Total revenues decreased $63,457 (39.5%) for the year ended December 31, 2014 to $97,065 as compared to $160,522 for the year ended December 31, 2013. This decrease is primarily attributed to the lower demand for our core product ”vibe-away” as we fulfill the market demand. The Company continues to evaluate additional products to add to its product line as well as expanding its distribution channels.

Gross profit decreased $62,624 (52.6%) to $56,335 for the year ended December 31, 2014 as compared to $118,959 for the same period in the prior year primarily as a result of the decreased volume. The gross profit percentage was 58.0% for the year ended December 31, 2014 decreased as compared to 74.1% for the year ended December 31, 2013 primarily reflecting the continued pricing pressure in a shrinking market.