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Asia Cork, Inc.(fka AKRK)

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November 14, 2008 News:

Asia Cork Q3 08 Revenue Up 117% to $8.96M; Net Income Up 220% to $1.40M

Summary: Asia Cork (OTC: AKRK) is a rapidly growing leader in the development, manufacturing and marketing of cork-based building materials. Asia Cork is currently valued at $4.64M, even though it has a book value of $17.1M and pulled down $2.54M of profit in the first 3 Quarters of 2008. In my conversations with flooring experts, Cork seems to be trending back into fashion as a “green” alternative. Another set of great headlines: Asia Cork Q3 ’08 Revenue Up 117% to $8.96M; Net Income Up 220% to $1.40M. The issue here is the daily volumes are low and Asia Cork isn’t off it’s 52-week high as much as I’d like it to be.

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Address and Phone

Asia Cork, Inc.
3rd Floor
A Tower of Chuang Xin
Information Bldg., # 72 Second Keji Rd.
Xi'an, Shaanxi 710075
China
* Phone: (011)86-13301996766
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Investor Relations

   

Contact:

  Frank Hawkins

Phone:

  305-451-1888

Email:

 

asia.cork@hawkassociates.com

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Industry Classifications

Sector:       Industrial Goods
Industry:     Materials & Construction
CIK:  0001104040

NAICS:     Prefabricated Wood Building Manufacturing (321992)
QM ID:     Manufactured Housing(631)
SIC:     Prefabricated Wood Buildings And Components (2452)

Employees: 260

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About Asia Cork Inc.:

Located in Xi'an, China, Asia Cork, Inc. is a rapidly growing leader in the development, manufacturing and marketing of cork-based building materials. Cork is a 'green' renewable resource harvested only from the bark of the cork oak tree, thus leaving forests generally undamaged. The company's product lines include raw cork materials, semi-finished cork and finished cork products such as cork floorboards and cork wallboards. Approximately 75% of the company's products are sold within China and the rest are sold overseas to customers in the United States, Germany, Japan and India. The company currently capitalizes on six technological patents, to which the company has exclusive rights. The company operates in China under the Xi'an Hanxin brand. More information may be found at http://www.hxrm.com.
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Company Outlook:

The total housing area in urban areas of China is expected to reach 36 billion square feet by 2010. In rural areas, total housing is targeted to increase to 54 billion square feet by 2010. This enormous projected growth in residential real estate is likely to boost demand for environmental-friendly and safe housing materials such as cork floorboards and cork wallboards.

The estimated current size of various wood floorboards market in China is approximately 3.2 billion square feet a year. The company believes 12.9 million square feet are currently being met by cork floorboards. Asia Cork believes a 3% to 5% penetration of cork floorboard into the wood floorboard market is obtainable. This implies 96 million to 160 million square feet of annual demand, of which Asia Cork expects to capture a sizable portion.

Asia Cork’s strategy is to become the largest cork board producer in Asia with a strong influence on pricing and costs. Asia Cork has formed a strategic distribution alliance with SHUTA Cork Co., with the goal of gaining control of its product distribution in an upscale retail environment. SHUTA has its own showrooms and has relationships with hundreds of stores in China. Asia Cork is also looking at strategic acquisition opportunities. The company currently has captured about 10-15% of the Chinese cork market.

Asia Cork management is adjusting its product mix into higher margin products. Asia Cork recently introduced a new inter-locking cork floorboard, and demand is already well in excess of Asia Cork's production capacity. To increase production capacity, the company has completed the structure of a new factory, which is ready for equipment installation.
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Competitive Strengths:

China is the world’s second largest producer of cork –
China trails Portugal with an annual production of approximately 100,000 tons of Chinese cork oak, which is abundant in the Shaanxi, Gansu, Henan, Hubei and Sichuan provinces. Portugal is the world’s leading cork producer with an annual production of 185,000 tons amounting to $1.3 billion of sales.

Substantially Lower Raw Material and Production Costs –
Raw cork material in China costs one seventh the cost of cork from Portugal and other countries. In addition, Chinese cork production costs are approximately one third of those in overseas markets, which gives Asia Cork an enormous pricing advantage.

“Green” Building Products –
Between now and 2020, China is expected to account for 50% of the world’s building construction activities. Chinese consumers are gradually adopting a more proactive environmental stance. During the harvesting process of cork, the cork oak tree is not felled. Only the bark is harvested once every nine years, leaving the forest undamaged.

Strategic alliance with top research institutions –
Asia Cork has been striving to improve the quality of its products through research and development (R&D) collaboration with educational institutions such as the Northwest Sci-Tech University of Agriculture & Forestry. Senior professors from this institution serve as technical consultants to equip Asia Cork with the latest technical advancements.
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Management:

Founder and Chairman- Mr. Fangshe Zhang
CEO- Mr. Pengcheng Chen
CFO- Mr. Yi Tong
VP of Operations- Mr. Shengli Liu
VP of Sales and Marketing- Mr. Yi Zhang
VP of Research and Development (R&D)- Mr. Pingjun Zhang
Senior Technical Advisor- Professor. Yinquan Su
Senior Technical Advisor- Professor Shibin Hu
Chairman of Supervisory Board- Mr. Genhu Yang
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Outstanding shares:

35,663,850 as of Aug 15, 2008

PostSubject
#100   AKRK revoked: Renee 12/18/14 10:01:18 AM
#99   AKRK SEC Suspension: Renee 09/04/14 09:37:04 AM
#98   Total scam pocketunchanged 04/22/12 03:32:33 PM
#97   Yes , definitely . pocketunchanged 03/31/12 06:58:11 AM
#96   It looks like a scam pocketunchanged 03/31/12 06:55:32 AM
#95   Seeya around Josh. Apparently they do have Huggy Bear 10/03/11 09:58:42 PM
#94   Thanks Malc! and yup Youngstown State - We YSUJosh 10/03/11 09:08:07 PM
#93   Josh - AKRK and many others in small Huggy Bear 10/03/11 08:35:57 AM
#92   I had AKRK for a nice gain before YSUJosh 10/02/11 09:55:08 PM
#91   Personally I have no idea. Just following Huggy Bear 09/27/11 05:51:14 PM
#88   you think this stock is a scam? YSUJosh 09/27/11 05:28:40 PM
#87   They probably went dark like half the other Huggy Bear 09/25/11 07:23:07 PM
#86   I can't find any reports since qrt 1. YSUJosh 09/25/11 02:56:48 AM
#85   1st qrt showed great earnings, so why can't YSUJosh 09/25/11 02:51:06 AM
#84   Murray will win the Australian Open 2012 pocketunchanged 09/22/11 03:32:36 PM
#83   Anyone seens 2nd quarter report ? or have okifiwin 09/20/11 08:15:36 AM
#82   Anyone got any updated imfo on AKRK ? okifiwin 09/01/11 07:13:35 PM
#81   The last close at 7.2 cents is ridiculous. YSUJosh 08/31/11 02:07:25 PM
#80   nice hopefully bottom is in.. mrbizzard 08/05/11 02:06:56 PM
#79   AKRK~~~Common stock, $0.0001 par value, 200,000,000 shares authorized, m1999 08/03/11 06:29:10 PM
#78   AKRK~~~On May 20, 2011 there were 35,913,850 shares m1999 08/03/11 06:28:01 PM
#77   ARKR~~Cash provided by operating activities was $1,807,584 for m1999 08/03/11 06:26:56 PM
#76   ARKR~~Cost of Sales and Gross Profit m1999 08/03/11 06:25:03 PM
#75   AKRK~~~Revenues m1999 08/03/11 06:22:46 PM
#74   I found AKRK from http://www.hawkassociates.com/clients/ I saw Hawk okifiwin 06/07/11 10:15:57 AM
#73   Asia Cork posted their earnings. I liked 10atious 05/24/11 09:03:53 AM
#72   I don't quite understand this stock. It's 10atious 03/18/11 10:07:41 AM
#71   Looks like we are getting closer to uplisting... vanyak 01/27/11 05:13:20 PM
#70   It'll be interesting to see what this stock 10atious 01/24/11 11:48:30 AM
#69   Thanks much again. SaltyDawg 10/15/10 12:18:01 PM
#68   Thanks much for the welcome and the info. SaltyDawg 10/15/10 12:07:47 PM
#67   A warm welcome. stills999 10/15/10 11:56:33 AM
#66   welcome to ihub bradford86 10/15/10 10:20:55 AM
#65   New Guy here, be gentle. First blogs/posts ever SaltyDawg 10/15/10 08:34:45 AM
#64   I'm in @ 0.21 ... its a little stills999 08/24/10 05:30:10 PM
#63   They're issuing units for the purchase of warrants apries 06/25/10 10:05:43 AM
#62   stockcharts.com/c-sc/sc?s=akrk&p=D&yr=0&mn=7&dy=0&i=t55721911166&r=463[/c 180stocks 06/11/10 06:37:10 PM
#61   Karmasaur 05/20/10 08:20:50 PM
#60   Hey glad to see you in. I am 180stocks 05/20/10 05:45:35 PM
#59   O/S is 35.6 mil shares, insiders own 16 Karmasaur 05/20/10 01:53:47 PM
#58   Just bought in a small position,....not alot of Karmasaur 05/18/10 01:30:36 PM
#57   Great 10k and the company is growing three 180stocks 04/15/10 07:40:36 PM
#56   10-K out. nole92 04/15/10 01:33:54 PM
#55   Promoting is taken with a negative tint. bradford86 04/15/10 01:24:00 AM
#54   Glen and my article including akrk: zbuckley 04/14/10 01:34:29 PM
#53   HMMMM. Ok they grow by expansion.Can they grow pnnymn 04/05/10 04:54:19 PM
#52   Maybe you're misunderstanding me or I'm not clear thedivot 04/05/10 04:49:51 PM
#51   The bottom line keeps reading better and better.Its pnnymn 04/05/10 03:53:05 PM
#50   Pnnymn, I agree that uplisting is typically beneficial thedivot 04/05/10 03:34:08 PM
#49   "there is more demand than they can pnnymn 04/05/10 10:37:28 AM
PostSubject