American Lorain Corporation (ALN)

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I have us at 12 month trailing $.55/share making a PE of 5.5

That's pretty low.. but this is China company.

[zigzagman]

Those look like great numbers~

IF they show up like that on the 10-Q!

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news... American Lorain Announces Preliminary Second Quarter 2008 Results
Wednesday August 6, 9:00 am ET

JUNAN COUNTY, Shandong, China, Aug. 6 /Xinhua-PRNewswire-FirstCall/ -- American Lorain Corporation (OTC Bulletin Board: ALRC - News; 'American Lorain' or the 'Company'), an international packaged foods company based in Shandong Province, People's Republic of China ('PRC'), today released preliminary financial results for the second quarter of fiscal year 2008 ended on June 30, 2008. The Company will release full quarterly results prior to filing second quarter results on Form 10-Q.

Based on the preliminary results, the Company expects to report revenues of approximately $21.5 million for the second quarter of 2008, exceeding the revenues of $13.3 million in the second quarter by 61.7%. Revenue growth was mainly attributed to strong sales of chestnut products both abroad and domestically. The Company expects net income for the second quarter of 2008 to total approximately $4.1 million, compared to a loss of $209,869 in the same period prior year. The weak second quarter of 2007 was due to a fire in one of the Company's production facilities. These preliminary results have not been completely reviewed by the Company's auditors and are therefore subject to changes.

'The second quarter is always challenging because of the seasonal nature of our main product segment, chestnuts. In the fourth quarter last year, during prime chestnut harvesting season, our revenues amounted to $34 million, accounting for more than 40% of annual revenues. However, our increasingly diversified product mix has contributed to smoothing out these seasonal fluctuations, and this will be evident in the results of our second quarter.'

About American Lorain Corp.

Shandong Lorain, an indirectly owned subsidiary of American Lorain Corp., was founded by Mr. Si Chen, CEO of American Lorain, in Shandong Province, People's Republic of China, in 1995. When American Lorain started its operations in 1995, the Company sold chestnut products. In 2002, the Company entered the canned, frozen and bulk foods packaged market and in 2004, the Company entered the convenience and packaged foods market. The Company's chestnut products are mostly exported, while the convenience food, and frozen, canned and bulk food products are sold domestically in China.

Safe Harbor Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release contains certain statements that may include 'forward-looking statements' within the meaning of federal securities laws. All statements, other than statements of historical facts, included herein are forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with and available from the Securities and Exchange Commission. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

For more information, please contact:

American Lorain Corp.
Mr. Gang Liu, Director of IR
Tel: [phone]
Email: [e-mail]
Web: http://www.loraingroup.com

CCG Investor Relations
Mr. Crocker Coulson, President
Tel: [phone] (New York)
Email: [e-mail]
Web: http://www.ccgir.com

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So what's up here?

Humm? reporting next week or so? Is a pop coming?

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I think the funders are selling into the float right now...

[zigzagman]

I would've thought~

ALRC would have gone UP today, not down 4.76% on this news...

[zsvq1p]

News.. American Lorain Wins Bid to Enter into Two-Year Contract with Yum! Brands
Thursday July 10, 7:00 am ET

JUNAN COUNTY, Shandong, China, July 10 /Xinhua-PRNewswire-FirstCall/ -- American Lorain Corporation (OTC Bulletin Board: ALRC - News; "American Lorain" or the "Company"), an international packaged foods company based in Shandong Province, People's Republic of China ("PRC"), today announced that it has won a bid to enter into a two-year contract with Yum! Restaurants Consulting (Shanghai) Co., Ltd., to distribute a variety of food products for Yum! China Division's subsidiaries Kentucky Fried Chicken (KFC) and Pizza Hut in China.

ADVERTISEMENT
The potential distribution contract will enhance the existing relationship between American Lorain and Yum! China Division. Building upon its existing business relationship with Yum! China Division, which was established in 2006, with the distribution of French fries to distribution centers located in Zhengzhou in Henan Province, which generated $680,000 in sales for 2007 and $350,000 in sales for 2006 for American Lorain, the parties have agreed to enter into a more extensive distribution contract. The potential contract, which is intended to cover the period from September 2008 to August 2010, is expected to generate well over $20 million in revenues for American Lorain.

The potential two-year distribution contract, which represents 12.1% of Yum! China Divisions' total imported sales of frozen food products to China, will allow American Lorain to distribute food products on behalf of KFC and Pizza Hut. The Company will distribute products such as cheese, corn cobs, waffle crispers, onion rings, string cheese and potato sticks to regions such as Zhengzhou in Henan Province, Qingdao in Shandong Province and Beijing.

"The success of American Lorain in winning the bid for the two-year distribution contract with Yum! China Division indicates not only that we have done a great job with KFC and Pizza Hut in the past but also exhibits the confidence that large international companies such as Yum! Brands have in our distribution network and services," said Mr. Si Chen, Chairman and CEO of American Lorain. "This contract boosts our confidence in generating revenues from our distribution network and services, which until now have represented only a small portion of our total revenues," added Mr. Chen.

Yum! China Division

Yum! China Division (includes mainland China, Thailand and KFC Taiwan), is a wholly owned subsidiary of Yum! Brands, the world's largest restaurant company in terms of system restaurants, with more than 35,000 restaurants in more than 110 countries and territories. Yum! China Division is based in Shanghai, China. Yum! Brands consist of five brands and they are, A&W All American Food, KFC, Long John Silver's, Pizza Hut and Taco Bell. Yum! China Division, comprises of KFC and Pizza Hut brands, and to a lesser extent East Dawning, the Company's Chinese quick-service restaurant brand. At Q1 2008, Yum! China Division had more than 3,100 system restaurants.

About American Lorain Corp.

Shandong Lorain, an indirectly owned subsidiary of American Lorain Corp., was founded by Mr. Si Chen, CEO of American Lorain, in Shandong Province, People's Republic of China, in 1995. When American Lorain started its operations in 1995, the Company sold chestnut products. However, in 2002, the Company entered the canned, frozen and bulk foods packaged market and in 2004, the Company entered the convenience foods packaged market. Although, the Company's chestnut products are mostly for sales to international markets, the convenience food, and frozen, canned and bulk food products are for sale in the domestic market, in China.

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Another 460K to the float!

Mortar offshore....

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CC..

Final Transcript
CCG INVESTOR RELATIONS: American Lorain Corporation
Q1 Earnings Conference Call
May 19, 2008/10:00 a.m. EDT

SPEAKERS

Crocker Coulson – President, CCG Elite Investor Relations

PRESENTATION

Coordinator

Good day, ladies and gentlemen. Welcome to the American Lorain Corporation First Quarter 2008 Earnings conference call. Your host for today’s call is Mr. Crocker Coulson. My name is Phil, and I’m your conference coordinator. Throughout the call, all participants will be in a listen-only mode with a Q&A session following the presentation. I would now like to hand over the call to your host for today’s call, Mr. Crocker Coulson. Please go ahead, sir.

C. Coulson

Thank you so much. Good morning, ladies and gentlemen.

Good evening to those of you who are joining us from China, and welcome to all of you to American Lorain’s conference call for the first quarter, ended March 31, 2008. With us today on the call are American Lorain’s Chairman and CEO, Mr. Si Chen; the Company’s Chief Financial Officer, Mr. Tomas Wu; the Company’s Chief Strategic Officer, Mr. Shao Fe Chen; and the Company’s Director of Investor Relations, Mr. Liu Gang.


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At this time, I’d like to remind our listeners that, in this call, management’s prepared remarks contain forward-looking statements that are subject to risks and uncertainties, and management may make some additional forward-looking statements in response to your questions at the end of this call. Therefore, the Company claims the protection afforded by the Safe Harbor for forward-looking statements, as contained in the Private Securities Litigation Reform Act of 1995. Actual results may differ from those being discussed today, and therefore, we’d like to refer you to a detailed discussion of the risks and uncertainties facing the Company in our filings with the SEC. In addition, any projections as to the Company’s future performance represent management’s estimates as of today, May 19, 2008. American Lorain assumes no obligation to update these projections in the future as market conditions change.









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For those of you who are unable to listen to the entire call at this time, we’re going to make a recording available for 14 days, and you can find that by following the dial-in instructions that we distributed in our earnings release. So now, I’m going to go ahead and present the management discussion on behalf of Mr. Chen.

So welcome, everybody, and thanks for joining us today for our first quarter 2008 earnings conference call. Before discussing our financial results for the quarter, let’s start with a brief overview of our company. We’ll discuss the macro environment here in China for our industry and then talk about our underlying fundamentals and growth strategy. We hope to show you why American Lorain is an attractive opportunity for investors.

American Lorain, through our four subsidiaries, was formed in 1995 in the People’s Republic of China. Our majority-owned operating subsidiary, Shandong Lorain, was formed in Shandong Province in 1995. In 2002, we formed a direct, wholly-owned operating subsidiary, Junan Hongrun, in Shandong Province. Then, in 2003, we formed Luotian Lorain, another direct, wholly-owned operating subsidiary in Hubei Province, and Beijing Lorain, an indirect, wholly-owned operating subsidiary in Beijing. American Lorain, through each of these subsidiaries, manufactures and sells packaged food products for sale in both the domestic and international markets. Today we produce over 192 varieties of products in three main product lines: chestnuts; convenience foods; and frozen, canned, and bulk foods.

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In May of 2007, American Lorain went public via reverse merger transaction and our stock became listed on the U.S. over-the-counter market. Concurrent with this transaction, we raised $19.8 million in a private placement. American Lorain started production of its chestnut products in 1995 back in Shandong Province in our Shandong Lorain facility. Currently, we produce approximately 50 high value-added processed chestnut products that are mostly exported for sale in Japan and South Korea. Some of our best selling chestnut products include aerated open-bottom chestnuts, which are chestnuts packaged with nitrogen; sweetheart chestnuts, which are sweet, preserved chestnuts; chestnuts in syrup, which is very popular in Japan and Korea; and also chopped chestnut kernels. In addition, we also produce chestnut extract that’s extracted from chestnut skin, which are sold to Japanese food processors.







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They use these extracts as additives in foods and beverages.

In the first quarter of 2008, chestnut products accounted for approximately 63% of our sales. Chestnut products are our highest margin products, but are very seasonal in nature. Since the chestnut harvesting season ends in January, sales volumes in the third and fourth quarters of our fiscal year are typically much higher than those in the first and second quarters. In an effort to reduce the impact of seasonality on our operations, we started production of frozen, canned, and bulk foods products in 2002 at our Junan Hongrun facility. Our products in this category include frozen vegetables, frozen fruits, frozen filets, and others. Sales of this category accounted for 32% of our revenues in the first quarter.

Overall, the frozen and canned food segment has lower gross margins than other product lines. However, this segment does provide stability to the seasonal variation chestnut production, allowing us to maintain the production utilization rate throughout the year. Specifically, the main processing season for chestnut products is from September through January. During the chestnut season, our chestnut production lines run at full capacity. However, during the off-season, we still maintain a small amount of chestnut production by using frozen chestnuts.

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We began production of our newest line of products, convenience foods, in 2003 in Beijing at our Beijing Lorain plant. Our convenience food products are mostly for sale to the domestic market and are marketed at safe, wholesome, tasty and have minimum time to prepare. These products are sold under our proprietary brands of Lorain and Yimeng Lorain. The convenience food products are further categorized as ready-to-cook or RTC, ready-to-eat or RTE, and meals ready-to-eat or MRE meals. Our RTC and RTE products are sold at local Chinese consumers, while the MRE products are sold to the military. Convenience foods contributed 5% of our revenue mix in the first quarter of 2008 due to unfavorable export conditions and seasonality in the first couple months, but we are confident that this will be a major growth area and will contribute a significant proportion of our overall sales in 2008.

In terms of macro industry conditions, rising annual incomes, greater ownership of refrigerators and freezers, increased exposure to Western and international cuisines, and a wide array of goods in supermarkets are all factors that are contributing to increasing sales of refrigerated foods in China. Further, the increasingly busy lifestyles of urban Chinese consumers also lead to an increased demand for convenience foods, such as refrigerated and ready-to-eat meals in China.

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Another factor is the increasing acceptance of refrigerated foods in China is the fact that an increasing number of people are finding it difficult to shop for food every day, increasing the number of people buying food products that can be used at a later date. In 2004 in the U.S., the ready-meal market is estimated to be worth about $15.5 billion, which was more than five times the value of the Chinese ready-meal market. However, the Chinese ready-meal market is expected to grow significantly over the next few years. According to Datamonitor, for the period from 2004 to 2009, the value of the Chinese ready-meal market is expected to increase an impressive compounded annual growth rate of 12.4% to $4.7 billion by 2009 as compared to the U.S. market, which is expected to have a CAGR of 1.4% over that same period.







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American Lorain’s global footprint of our sales network covers 23 provinces in China, as well as 42 foreign countries. In 2007, we sold 93% of our products through 750 distributors internationally. Domestically, in 2007, the Company sold 76% of its products directly to consumers, with the remaining 24% of its products sold through Shandong LUAN, a food trading company. American Lorain plans to gradually increase the percentage of direct sales to supermarkets and chain stores by reducing the number of sales through wholesalers.

Now I would like to cover a few of our recent corporate events. The first quarter of 2008 has been a very busy period for American Lorain, during which the Company reached several important corporate milestones. The Company signed a new contract with Harbin Gaotai Food Co., a food distribution company, that will allow us to sell chestnuts into Europe, and the Company won the National Leading Enterprise in Agricultural Industrialization award. In addition, during the first quarter, our new product development center focused on introducing new products in our convenience store was opened. We’re exploring the feasibility of introducing red-bean paste stuffing and chestnut-based stuffing, as well as introducing box meals and more frozen fruits and vegetables over the coming months.

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We’ve spent approximately $4.5 million in capital expenditures during the first quarter of 2008. Our egg processing facility in Shandong Lorain has now been completed. We started the second phase of expansion at our Luotian facility in Hubei and have explored the feasibility of adding a new frozen storage plant at the Beijing Lorain facility. Our sales and marketing efforts have focused on two fronts. First of all, we’ve increased our direct sales to supermarkets such as Wal-Mart and Hualian, relying mostly on our existing relationships with these large supermarket chains. On the other front, we’ve been able to increase our sales to Europe through new business ventures with food export trading companies such as Harbin Gaotai. We’re continuing to target both areas to expand our distribution network. Now that we’ve given you some introduction to the Company, we’d like to now go through our first quarter results in more detail.

Our revenue for the first quarter of 2008 increased to $17.4 million, up 46.5% from $11.9 million in the same period of 2007.





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Chestnut products accounted for 63% of total sales in Q1, canned food accounted for 32% of sales, and convenience food accounted for 5% of total sales. The increase in total revenues was attributable to the success of the Company’s marketing strategies, operational enhancements, expansion of our sales markets. Sales to France and Belgium, for example, increased 100% compared with the prior year period. Our gross profit in the first quarter of 2008 totaled $3.9 million, up 34% compared to $2.9 million for the same period of last year. Gross margin was 22.7% in Q1 of 2008, down from 24.8% for the same quarter of 2007. The slight decrease in gross margin for Q1 was due to the percentage decrease of chestnut products to 63% in Q1 of 2008 from 74% in Q1 of 2007, as chestnut products have the highest margins at 28% as compared to our other two product lines.

Operating expenses for the quarter were $1.2 million compared to $500,000 for the same period last year. Selling, general, and administrative expenses for the first quarter totaled $600,000 compared to just $100,000 a year ago. The increase in selling and marketing expenses was mostly driven by increased transportation costs and higher G&A expenses related to growing and company with public company status.



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Operating income for the first quarter of 2008 totaled $2.8 million, a 13.2% increase from $2.5 million for the same period in the prior year. Net income to common shareholders for Q1 of 2008 was $1.7 million, or $0.07 per fully diluted share, an increase of 13.3% as compared to net income of $1.5 million, or $0.09 per fully diluted share, in the first quarter of 2007. Earnings per share were calculated using a diluted weighted share count of 26.1 million shares for Q1 of 2008 as compared to 17.9 million shares for Q1 of 2007. The increase in weighted shares outstanding includes the impact of the reverse merger transaction and private placement from May of 2007.

Now I would like to turn to the balance sheet. As of March 31, 2008, the Company had cash and cash equivalents of $6.3 million and working capital of $19.6 million. Accounts receivable were $31.2 million and days sales outstanding were 167 days. Inventory was $16.1 million and days inventory outstanding were 115 days. At March 31, the Company had short-term bank loans of $21.8 million and shareholders’ equity of $47.2 million. Now I would like to say a few words about our business outlook.



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American Lorain sees tremendous growth opportunities in China for its multiple food product lines. We plan to address this growth by adding products that cater to local Chinese palates as well as by employing an aggressive marketing campaign to brand the Lorain and Yimeng Lorain brands. In addition, we’re looking to expand the sales of chestnut products beyond our current sales to Japan and South Korea as more countries in Europe and the U.S. To meet the fast-growing demand for processed and packaged foods domestically while increasing sales both internationally and domestically, we plan to strategically increase the percentage of our domestic sales from 60% in 2007 to approximately 65% in 2008. Also, as mentioned earlier, through a few key trading partners, we plan to increase our share of European total international sales in 2008.

One of our strategies for growth is increasing our production capacity. Currently, all our production lines are running at almost full capacity. As a result, we are investigating opportunities to add new production lines in related facilities. For instance, we’re planning to rent standardized production plants in Guangzhou and renovate them to meet our high standards for food processing. Upon completion, these facilities can be used to produce chestnut products and convenience food. We also expect to further strengthen our distribution channels by establishing more franchise stores and counters within major supermarkets, which will help boost both our sales and brand recognition. Especially after September when chestnuts are in harvest season and people tend to purchase more frozen vegetables and meat products in supermarkets, the sales from those franchise stores will help support a strong increase in our overall revenue in 2008. Presently, we would like to reaffirm our comfort with the "make-good" provision of $12.956 million in after-tax net income for fiscal year 2008.

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In summary, American Lorain is a fast-growing company with strong financial performance, and we expect the Company to continue to produce positive results over the remainder of fiscal 2008. With that introduction, we’re now happy to open up the call to any questions you have for Mr. Chen or the rest of the management team. Operator?











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Coordinator

Yes sir?

C. Coulson

So we’re ready for questions now, operator.

Coordinator

Thank you. Now, ladies and gentlemen, your Q&A session will now begin. There’s no questions queued up, sir.

C. Coulson

Okay. Well, so operator, we have no requests for questions right now?

Coordinator

No. No questions, sir.

C. Coulson

Okay, well, then we’d like to thank everybody for listening to our presentation. If people have follow-up questions, we’re certainly willing to respond to those and also happy to set up calls with management later in the week if you have further questions after reviewing our results in detail. So with that, we’d like to thank all of you for your participation in today’s call, and again, we look forward to coming back to you sometime in the middle of August and giving you an update on our second quarter results. Thank you very much, everyone. This does conclude our call.

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Coordinator

Thank you, ladies and gentlemen, for your participation in today’s call. This concludes the call. You may now disconnect. Thank you.


http://www.sec.gov/Archives/edgar/data/1117057/000120445908001141/lorain052308exh992.htm

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Oh.. I got ya.. Net Tangible or Book... but I have it at "Our net tangible book value as of December 31, 2007 was $2.69 per share of common stock."

I think that S-1 includes the 10.5 mil offer... It was an "A" amended filing... "Common stock outstanding after the offering 24,935,421 shares"

Funders are selling into the float... I pickup a few...

They gave guidance... forward PE of about 7

[timhyma]

total asset are $96.2mil, but you have to take back the liabilities of $44.9mil, plus "other" assets (I also discounted 40% of the "land and buildings assets"). Then divide by that by diluted share count of 26mil, plus the S-1 filing for an additional 10.5mil shares.

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Humm.. I got TOTAL ASSETS $96,210,929

Solid stuff too... about $3.70/share by my calculations.

http://www.sec.gov/Archives/edgar/data/1117057/000120445908001071/alorain10qcomp.htm

Thing I hate about it is the AR... about $35 million!

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Here are the S files
http://www.sec.gov/cgi-bin/browse-edgar?filenum=333-145260&action=getcompany

This puts them at about 26 mil by my calculations.

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SHO list.. ALRC American Lorain Corporation Co is on the

[timhyma]

Reverse-merger

On May 3, 2007, the Company entered into a share exchange agreement with International Lorain Holding Inc. ("ILH") whereby the Company consummated its acquisition of ILH by issuance of 697,663 Series B voting convertible preferred shares to the shareholders of ILH in exchange of 5,099,503 ILH shares. Concurrently on May 3, 2007, the Company also entered into a securities purchase agreement with certain investors and Mr. Hisashi Akazawa and Mr. Si Chen (each a "beneficial owner") whereby the Company issued 319,913 (after reverse-split at 32.84 from 10,508,643) common shares to its shareholders as consideration of the Company’s reverse-merger with Lorain.

http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001204459%2D08%2D001071%2Etxt&FilePath=%5C2008%5C05%5C16%5C&CoName=AMERICAN+LORAIN+CORP&FormType=10%2DQ&RcvdDate=5%2F16%2F2008&pdf=

[timhyma]

Tangable assets equate to around .25 per share

[timhyma]

The offering: 10,470,831 shares, consisting of 8,583,436 outstanding shares owned by selling stockholders and 1,887,395 shares issuable upon the exercise of certain warrants held by the selling stockholders. This number represents 42.0% of our current outstanding stock (1)
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001204459%2D08%2D001035%2Etxt&FilePath=%5C2008%5C05%5C15%5C&CoName=AMERICAN+LORAIN+CORP&FormType=S%2D1%2FA&RcvdDate=5%2F15%2F2008&pdf=

[timhyma]

Finally getting around to this one- Why the drop from $24 to $3?

What kind of R/S did they do?

"We are very excited about the direction of our company. Last May, we went through a reverse merger transaction and private placement. The financing allowed us to expand our operations," said Mr. Si Chen, Chairman and CEO of American Lorain. "We have seen tremendous growth in revenues, especially from our convenience foods product line. In addition, our expansion plan includes sales of our products to the international markets."

Have you looked at the share structure? How much dilution is there?

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$2.90... OK took a position.

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to da float!

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news... Shandong Lorain Named a National Leading Enterprise in Agricultural Industrialization
Thursday May 8, 8:00 am ET


JUNAN COUNTY, Shandong, China, May 8 /Xinhua-PRNewswire-FirstCall/ -- American Lorain Corporation (OTC Bulletin Board: ALRC - News; "American Lorain" or the "Company"), an international packaged foods company based in Shandong province, People's Republic of China ("PRC"), today announced that one of its four operating subsidiaries, Shandong Lorain, was awarded the National Leading Enterprise in Agricultural Industrialization ("NLEAI") award by nine Chinese ministries and commissions, including the Ministry of Agriculture, the State Planning Commission, and the State Economic & Trade Commission. Shandong Lorain is the second enterprise in Linyi City, Shandong province, to win the NLEAI award.
ADVERTISEMENT


The NLEAI award is a prestigious award bestowed by the Chinese government, with a stringent selection process that begins with an enterprise receiving the nomination from its municipality and province. The list of candidates is then narrowed down by a panel of experts and the winners finally receive approval from the Joint Conference of National Agricultural Industrialization, an organization formed by a collection of nine ministries and commissions. Enterprises that are awarded the NLEAI enjoy numerous benefits, including privileges and support from the government when applying for government funding, credit lines and approval for new projects. In addition, NLEAI award recipients are eligible for a three-year corporate income tax exemption, effective immediately. Since 2000, only 800 enterprises in China have received the NLEAI award.

"We are so excited to receive such an honor, which demonstrates our advancements in agricultural industrialization. We plan on continuing to be an integral part of the local economy by providing jobs to local residents and paying fare wages. Shandong Lorain aligns the Company's interests with the interests of local farmers by entering into contracts that benefits all parties involved. This cooperation enables us to maintain an agricultural operation that spans 45,300 Chinese mu (i.e., 7,248 acres) and work alongside 13,000 farmers," said Mr. Si Chen, CEO of American Lorain.

About American Lorain Corp.

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23,177,268 Shares at $12.956 million in after-tax net income is about PE of 7.5 at $4.20

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News... American Lorain Announces Business Expansion and Reaffirms Outlook for 2008

JUNAN COUNTY, Shandong, China, May 12 /Xinhua-PRNewswire-FirstCall/ -- American Lorain Corporation (OTC:ALRC) (BULLETIN BOARD: ALRC) ("American Lorain" or the "Company"), an international packaged foods company based in Shandong Province, People's Republic of China ("PRC"), today announced that it has signed two contracts worth $2.3 million, with Harbin Gaotai Food Co. Ltd ("Gaotai").

The two contracts, worth $2.3 million in sales for 48 containers of processed chestnuts, will be distributed to the European market via the French food processing company, Gyma Surgeles, a Gaotai customer. Of this, the first contract for $0.5 million worth of goods will be delivered by end of June 2008. The second contract worth $1.8 million will be delivered by end of August 2008. The Company has realized $90,000 in sales of three containers of processed chestnuts under these contracts to date. Additional chestnut contracts for the European market are expected.

"We are very excited about the new opportunity we have through Gaotai to expand out European market," said Mr. Si Chen, Chief Executive Officer of American Lorain. "Expanding our presence to the European markets is a very important step in our strategy to diversify our international business risk beyond Japan and South Korea. In addition, we are glad to expand our export sales, as the export markets command higher margin than sales of similar goods to domestic markets."

In 2007, the Company's chestnut sales to the European market stood at $4.7 million or 5.8% of total sales generated by the Company. With the addition of new business generated from Gaotai, the Company is expected to increase the percentage of total sales to the European region to 8-10%, in 2008. The Company reaffirms that it expects to meet or exceed the "make-good" provision of $12.956 million in after-tax net income for fiscal year 2008 related to the May 2007 private placement.

About American Lorain Corp.

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Who watching?

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I would compare this company to

China company
American Dairy Inc. (ADY)
http://investorshub.advfn.com/boards/board.asp?board_id=12420

and should fall into the 15-20 PE range once volumes pick up.

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Earnings $0.42 per fully diluted share..

PE of about 40 at pps of $20

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At about 0.1669 TTM for past 9 months and expect $.25 on the years....

A $9 trade makes for PE of 36 and Mkt cap of $224,308,602

May be why nobody wants this stock.... So it sits and waits.

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First Trade!!! 7.00 500 OBB 08/17

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OK.. who makes the first trade?

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News... American Lorain Corporation Announces Name Change From Millennium Quest, Inc.
Tuesday July 24, 4:20 pm ET


JUNAN COUNTY, Shandong Province, China, July 24 /Xinhua-PRNewswire/ -- Millennium Quest, Inc., a Delaware corporation (OTC Bulletin Board: MLQT.OB - News), a leading China-based food processing company engaged in the development, manufacture and sale of food products worldwide, announced it has changed its name to American Lorain Corporation, a Delaware corporation ("American Lorain") effective July 17, 2007. The company has also changed its ticker symbol to (OTC Bulletin Board: ALRC.OB - News), effective July 25, 2007. The Company will continue to develop, manufacture and sell its food products through its subsidiaries under the brand name "Lorain Foods."

American Lorain is a U.S. public company that operates through its four indirect subsidiaries, two in Junan County, one in Luotian Hubei Province and one in Beijing, China. American Lorain is a leading food processing company engaging in the development, manufacture and sale of food products worldwide. Formed in 1994, the company produces hundreds of varieties of food products, categorized into three interrelated divisions: chestnut products, processed food, including frozen, canned and packaged goods, and convenience foods, consisting of meals ready to eat (MRE) and ready to cook (RTC).

Mr. Si Chen, CEO of American Lorain commented, "The name change to American Lorain Corporation demonstrates the company's commitment to the U. S. capital market, in general, and specifically to our many shareholders in America. It also reflects our widely recognized Lorain brand name. We believe that this change will expand our already well-established international presence, while adding value to the growing brand equity found in the Lorain name."

[zsvq1p]

Hit Daily list... 7/25/2007 MLQT 1-32.84 R/S ** Millennium Quest, Inc. Common Stock ALRC American Lorain Corporation Common Stock

[zsvq1p]

LOL.. Yeh I noticed...

but movin a little slow this morning..

[kmx_swing]

I know already, you could see my post just after :)

[zsvq1p]

RS not happened yet....

Then company will have about 25 mill fully diluted shares... so wait!

[kmx_swing]

I think I have found it. Needs some digging. There is a mess with preffered stock issued and having more than 400x bigger voting power than outstanding commom stock. They are stating that in the case of liquidation these stocks will be of equal value as common stock. But table below says it clearly. if we should consider pps price 0,30 in correspondence with with over 800M shares, than the market cap is cca 255M which makes the sense. considering there is 10M shares o/s only, I have thought the price would go up to 30 dollars as the Market Cap should be cca 300M. Interesting information there is about the option valid for 7 years, where some chinese is is granted to buy over 600K shares for price over 66 dollars. Seems like buying now is in long term not bad investment but there will be maybe mess with Reverse merger. They also clearly declared that They will dilute. So my own conlusion is to wait.....:) (but myabe I am wrong and doing terrible mistake)

There is also questin in the air I have found no answer yet. WHEN new name, new Cusip and the transaction below will happen......

Anyhow, according to my calculations after split the price 0,3 will be equal to 9.60 usd and market cap cca 240M

SEE THE TABLE HERE:

[kmx_swing]

Reverse merger of 0,03045067 did already happened? In that case the stock price ( calculated from 0,30) would be 9,85 USD after RM but what will be the number of outstanding shares then?

I am really confused about this stock.....:)

[kmx_swing]

Outstanding Shares: 10,508,643 as of 2007-05-11

Estimated Market Cap: 3.152M as of 2007-07-02 (based on Outstanding Shares as of 2007-05-11)


47 milions assets. 20 milions bank loans in total



Why the hell is this one at 0,30 and not.....:))

[kmx_swing]

What is wrong here?
Market Cap: 700k$
Assets: 35 000k$

[zsvq1p]

Well you got me on that one.... LOL...

[Mr Bubba]

I get lots of proformas....never seen one yet that didn't work!

[zsvq1p]

DEF14 out... 1-for-32.84 reverse split..

http://www.sec.gov/Archives/edgar/data/1117057/000114420407032679/v078844_def14c.htm

[zsvq1p]

Another wait and see...

[zsvq1p]

oh wait... somebody check me!

wait for split! Just noticed we have not split yet!

so...
CAPITALIZATION STRUCTURE OF THE COMPANY AT VARIOUS TIMES (1)
Capital Structure prior to conversion of issued and outstanding Preferred Stock on Pre-Reverse Split Basis Capital Structure assuming conversion of issued and outstanding Preferred Stock on Pre-Reverse Split Basis Capital Structure after conversion of Preferred Stock and Reverse Split

  (As of Record Date)   (As of Record Date)   (On Effective Date)    
  
 Issued and outstanding Common Stock     10,508,643     818,480,863.69     24,923,178    
 Issued and outstanding Series A     100,000     -0-     -0-    
 Issued and outstanding 
 Series B      996,718.78     -0-     -0-    
 Common 
 Stock reserved for issuance upon conversion of Preferred Stock     807,972,220.69     -0-     -0-    
 Authorized but unissued and unreserved Common Stock(2)     -0-     -0-     175,076,822   

http://www.sec.gov/Archives/edgar/data/1117057/000114420407023747/v074183_pre14c.htm

[zsvq1p]

Did ya see da Proforma?

http://www.sec.gov/Archives/edgar/data/1117057/000114420407030629/v077768_ex99-1.htm

Not sure myself??? $48 mil plus....cause of guidance....

http://www.sec.gov/Archives/edgar/data/1117057/000114420407031259/v078070_ex99-1.htm

[Mr Bubba]

Where do you think the revenues will be for the rest of the year????

[zsvq1p]

News and Notice at the company
Grasp the Opportunity and Build a Bright Future
2007-05-06 21:18:14
(has been browse 9 times)
The day of May 1st, 2007, is an important day for all the Lorain’s staff to remember on which our company is listed on the American Stock Market. This is an important milestone for the development of our company, which means the company enters a new period.
At this moment, we should memorize the past days. The company is founded in 1994. Lots of enterprises have come into the severe market competition. Some companies came into being while some other companies went bankrupt. If we compare the company to a big family, it will be a very difficult one at the early days of its birth. Except the loan of 30,000RMB, we have no any experience of managing a company and no clients. Every day we are busy about running about food and cloth. Bankrupt is like a sharp sword hanging above our heads. Instead of being cowed down by the difficulties, we struggled so tenaciously that we conquered the severe lack of fund, talents and management experience and changed the adverse situation in the market. Therefore, our company got continuous development, and today it is listed on the American stock market.
Look back the past, we want to show our great thanks to the related leaders, departments, and the friends from different communities whose continuous support brought the company’s great development. If the company is compared to a stage, behind the splendid performance on that, more and more people contribute themselves to the company. It is their firm support that made the company get the great achievement.
We should also show the great thanks to the workers. For the past several years, although the salary is not high and the pressure is very strong, all of the staff understood the difficult situation that our company was facing and always firmly believed that our company will have a bright future. Some people said: You are like the army led by Mao Zedong that beat the opponents armed to the teeth by using the less advanced skills. This is a kind of entrepreneurial spirit which enables us to win the good reputation from the local, Beijing, Hubei, Jining, Dubai etc. In the future, we will cherish it more and promote the company’s development.
Being listed on the security market successfully will break the bottleneck of the shortage of funds and will bring huge motivation and broad room for company’s development. It will conduce to attracting the international talents and improving the management level which will accelerate the process of internationalization.
Being listed on the security market will also bring us the unprecedented challenges and pressure. We realize the insufficiency of the talents, the imperfect management and the importance of brand building. So we should take this as a chance, face the challenge calmly and design the future development scientifically. First, we have to strengthen the talent group. We will employ talents from home and abroad and arouse their working enthusiasm. Second, we have to improve our management level. Then we need to participate in the international division of labor and cooperation which well help our company grow into an international company. Third, we have to speed up the process of brand building. We need to take that, to establish an international national company, as our goal. While we are trying to be first in China, we should come into the world. And let “Lorain” become a world famous brand.
"Idle boast the strong pass is a wall of iron, with firm strides we are crossing its summit” Today’s success comes from yesterday’s effort, while tomorrow’s success will rely on today’s struggle. In the new development journey, we should uphold the good corporate culture, take the chance, work harder and build a better future.

Boy... you don't see this kinda comments in any company I know...

[zsvq1p]

Enterprise's mission:

"..bring along peasants to get rich.."

I like this company! LOL

[zsvq1p]

At a PPS of $.50

and based on last 8K

($1.5 mil x 4Q's)/26,810,593 share diluted = EPS of $0.224

Make current PE 0f 2.2

mkt cap at around $13.2


Wait till da crowd see this...

[zsvq1p]

News... REPORTS FIRST QUARTER 2007 RESULTS

Junan County, Shandong Province, June 11, 2007 -- Millennium Quest, Inc. (OTC Bulletin Board: MLQT.OB, the “Company”) a leading China-based food processing company engaged in the development, manufacture and sale of food products worldwide, today announced financial results for the first quarter of the Company’s 2007 fiscal year, ended March 31, 2007. The Company develops, manufactures and sells its food products through its subsidiaries under the brand name “Lorain Foods.”


Quarter to quarter comparison


For the three months ended March 31, 2007, the Company reported revenues of $11.9 million, an increase of 112.9% compared to the $5.6 million reported for the same period last year. Gross profits for the three months ended March 31, 2007, were $2.9 million, or 24.8% of sales, compared to gross profits of $1.3 million, or 23.3% of sales, for the same quarter last year. Total operating expenses for the three months ended March 31, 2007 were $0.49 million, or 4.1% of sales, compared to $0.66 million, or 11.8% of sales, for the same period last year. Net income for the three months ended March 31, 2007 was $1.5 million, an increase of 522.7% compared to net income of $0.25 million in the same period a year ago.


Balance sheet items


The Company’s cash and cash equivalents balances as of March 31, 2007 was $8.5 million, compared to cash and cash equivalents of $11.6 million as of December 31, 2006. As of March 31, 2007, total current assets were $35.7 million and stockholders equity was $5.6 million.


According to Chairman, President and CEO Si Chen, “We are extremely pleased with our first quarter results, and as the demand for our products remains strong we expect continued growth for the balance of the year.” Referring to a May 31, 2007 release describing a fire in the Company’s Beijing factory, Mr. Chen stated, “Despite the recent setback caused by the fire, we are quickly recovering. We are moving forward and taking the right steps to assure that the entire organization is focused totally on meeting all of our objectives.”

[zsvq1p]

News... Discloses Fire at Beijing Facility

Miyun County, Beijing, China, May 31, 2007— Millennium Quest, Inc. (OTC Bulletin Board: MLQT.OB, the “Company”), a leading China-based food processing company engaging in the development, manufacture and sale of food products worldwide, disclosed that there was a fire at the manufacturing facility of one of its four operating subsidiaries, Beijing Green Foodstuff Co., Ltd. (“Beijing Lorain”) located in Miyun County, Beijing on May 26, 2007. Management estimates that the fire caused around 6.5 million RMB (approximately $850,000) in damage, calculated based on the historical book value of the property damaged. The main equipment and production buildings survived the fire. The production at this facility is being re-assigned to the Company’s other production facilities such that the loss of production as a result of the fire is limited.


The fire consumed around 2,000 square meters of production space having a book value of approximately of 5 million RMB (approximately, $654,000), and equipment that was worth approximately 1.5 million RMB (approximately, $196,000) on the Company’s books. The cost to rebuild the portion of the Beijing production facility that was damaged by fire will be around 10 million RMB (approximately, $1,307,000). The local government of Miyun County has indicated that it plans to subsidize 2 to 3 million RMB (approximately, $260,000 to $392,000) of the cost of rebuilding the facility. The Company does not have any insurance covering this loss. Accordingly, the Company will have to make a cash payment of 7 to 8 million RMB (approximately, $915,630 to $1,047,000) after the subsidy to rebuild the facility. Additionally, the Company estimates an approximate 5 million RMB (approximately $652,000) loss of revenue and a 2 to 3 million RMB (approximately, $260,000 to $392,000) impact on net profits this year, each from not being able to use the facility during the reconstruction.


Chestnut production is not in its peak season and the fire only resulted in a partial suspension of Beijing Lorain’s production capacity. The Company continues to produce frozen vegetables at its Beijing facility, except for frozen peas, the production of which was outsourced to the third party in Beijing. Production of the Company’s ready to cook pork chop soup and chestnut products using specialized Nitrogen processing technology has been re-assigned to other Company production facilities in Shandong. Management believes that the Beijing facility will be able to resume normal production no later than July 5.


“The fire was apparently the result of a short circuit. Fortunately, no lives were endangered in the fire. As a result of the fire and our concern for similar unforeseen events, we now plan to have all the factories insured as soon as possible.” said the CEO Mr. Si Chen, “Although the fire has reduced our production capacity from the Beijing facility, production there has not been totally suspended and we have been able to re-assign production to our other facilities such that the reduction in production is insignificant. We do not believe that the fire will materially impact our net profit targets for this year.”