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Re: flemsnopes post# 492

Monday, 11/22/2010 6:24:00 PM

Monday, November 22, 2010 6:24:00 PM

Post# of 582
The only impressive thing in that whole 10Q was:

Prestige operates from Silvercord, No.30 Canton Road, Tsimshatsui, which is a premier commercial building in Hong Kong. The center is located on one floor and occupies approximately 5,000 square feet. We pay an annual rental rate of $213,780. The Company's minimum annual rent rate is:

Fiscal Year Ended
June 30, 2010 Annual Rent
------------- -----------
2011 $213,780
2012 $213,780
2013 $213,780
2014 $213,780
2015 $213,780


Must be a pretty nice place to pay rent of over 200k a year. More than a yrs. revenue. Hopefully business picks up.

kt

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