Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
China Green Material Technologies, Inc. Provides Update on Capacity Expansion
China Green Matl Tech (BB) (OTCBB:CAGM)
Today : Wednesday 30 June 2010
China Green Material Technologies, Inc. (OTC Bulletin Board: CAGM, or the "Company"), a Chinese leader in developing and manufacturing starch-based biodegradable containers, tableware and packaging materials, today announced that its new production capacity will come on line in the second half of 2010.
The Company's new manufacturing facility will raise annual production capacity by approximately 45%. As part of the expansion, the Company plans to add new equipment which will enable CAGM to increase its manufacturing efficiency and meet increasing market demand for its biodegradable consumer products. The Company expects total revenues in 2010 to increase between 25% and 30% from the $13.4 million reported in 2009. The expanded capacity will support the Company's anticipated growth through 2011.
"We are pleased to report progress on our expansion plans, which will enable us to meet existing customer demand and facilitate growth for this year and next," said Mr. Zhonghao Su, Chief Executive Officer. "The global market demand for environmentally-friendly, bio-degradable products is among the fasting growing in the consumer products segment. We are ideally positioned in China, where our Company has a strong position in a highly fragmented market, maintains a low cost advantage and offers superior product performance. To capitalize on the rapid domestic growth, we are focused on increasing our market share in the airline and railway sectors, developing additional clients in the fast food industry and expanding our network of agents and distributors. To pursue further growth in international markets, we are working with distributors to expand our reach to the U.S., France, the U.K., Israel, Korea and Japan. Importantly, we have a focused sales and marketing strategy in place to execute our plans and expect to achieve revenue growth of 25%-30% in 2010."
Non-Deal Road Show and Conference Participation
Mr. Zhonghao Su, CEO, and William Wang, Director, will be on a non-deal road show July 6-16, visiting with investors in New York, San Francisco, Los Angeles, Orange County and San Diego. The Company will also present at the Global Hunter Securities 2010 China Conference being held July 11-13 in San Francisco. Please contact HC International, Inc. if you would like to schedule a meeting.
About China Green Material Technologies, Inc.
Website: http://www.sinogreenmaterial.com
China Green Material Technologies, Inc. (OTCBB: CAGM) is a China-based manufacturer of starch-based biodegradable containers, tableware and packaging products. Headquartered in Harbin city of China, the Company currently has 153 employees. The Company has developed proprietary biodegradable food packaging materials technologies
CAGM looking good...sort of a sleeper stock along with similar firm BPAC.
Both interesting businesses. Next maybe they can make the biodegradable/compostable forks, spoons, cups and plates edible!! Just shake and bake!!
:~)
Great news from CAGM:
China Green Material Technologies, Inc. to Expand Annual Production Capacity by Nearly 160% to 22,000 TonsLast update: 2/25/2010 8:30:00 AMCompany to Acquire New Facility and Relocate in May 2010 HARBIN, China, Feb 25, 2010 /PRNewswire via COMTEX/ -- China Green Material Technologies, Inc. (CAGM), a Chinese leader in developing and manufacturing starch-based biodegradable fast-moving consumer goods packaging, today announced the Company has acquired a new manufacturing facility and plans to relocate in May 2010, expanding its capacity by nearly 160%. The new facility, located in the Harbin Economic and Technological Development Zone, encompasses approximately 15,000 square meters with 5 production lines and a total capacity of 22,000 tons of finished product compared to the Company's current capacity of 8,800 tons. With this new facility, energy consumption of new equipment will decrease by 30%. Additionally, the new fully automatic packaging line will increase packaging capacity by 200% compared with the original half automatic line, greatly expanding the Company's product capacity overall. The new equipment will also decrease the rejection rate by over 50%, greatly increasing the overall quality and stability of the product and decreasing costs. Mr. Su Zhonghao, CEO of CAGM, commented, "As a result of the continued increase in market demand for our starch-based biodegradable tableware products, we are taking the appropriate steps to rapidly expand our production capacity to accommodate our growing business. We believe this enhanced, more efficient operating platform ideally positions us to benefit from favorable macro environmental policy and leverages growing customer awareness and preferences for our environmental-friendly products." About China Green Material Technologies, Inc. Website: China Green Material Technologies, Inc. (CAGM) is a China-based manufacturer of starch-based biodegradable fast-moving consumer goods packaging. The Company offers various disposable tableware consumer goods, including cups, plates, bowls, knives, forks, and spoons, as well as food package and containers used at groceries and home. Headquartered in Harbin city of China, the Company currently has 128 employees. The Company has developed proprietary biodegradable food packaging materials technologies and applied for two patents. Safe Harbor Statement This press release contains certain statements that may include 'forward- looking statements' as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes, expects, anticipate, optimistic, intend, will" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors 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: Howard Gostfrand American Capital Ventures Tel: +1-305-918-7000 Email: info@amcapventures.com Web: Matthew Hayden HC International, Inc. Tel: +1-760-613-3695 Email: Matt.hayden@hcinternational.net Web: SOURCE China Green Material Technologies, Inc
TEX, I dont' know what you are talking about by roundup. I'm new to CAGM...small shareholder, small holding...also added BPAC in the same sector this week.
Randy
were you in on the roundup?
Got my first shares of CAGM yesterday... fulls stochastics below 20...great looking little co., interesting business. Once Walmart starts carrying their products globally, this one could could launch to be an easy ten bagger! Smile.
This CAGM and HFGB picked up yesterday get me up to 87 US listed china plays so far...hoping for well over a 100 this year.
GL.
Bought starter @ 2.45
Since this company is so little known I find it surprising that it is so much more expensive in terms of p/e ratio than a company like TSTC which enjoys a better stock exchange and has a better growth rate too.
CAGM up 14% this AM
NEWS: China Green Material Technologies, Inc. Wins a Supply Contract for up to $6.0 Million with Zhengzhou Synear Food Co., Ltd.
HARBIN, China, Feb. 11 /PRNewswire-Asia/ --
China Green Material Technologies, Inc. (OTC Bulletin Board: CAGM; "CAGM" or "the Company"), a Chinese leader in developing and manufacturing starch-based biodegradable fast-moving consumer goods packaging, today announced that the Company was awarded a contract by Zhengzhou Synear Food Co., Ltd. to supply Synear with packaging containers for its frozen food products. Under the terms of the agreement, Synear will source up to US$6.0 million of products from CAGM during 2010. Gross margins associated with this contract are expected to be similar to the Company's existing margins.
Established in 1997, Zhengzhou Synear Food Co., Ltd. is one of the leading producers of frozen food products in China, with extensive sales and distribution networks in more than 20 provinces. The Company's products, including dumplings, buns, noodles, and pies, etc., are sold in retail stores, convenience shops and supermarket chains all over China. Synear brand was voted as one of "China's Top 500 Most Valuable Brands" for five consecutive years from 2004 to 2008. Synear was also ranked No. 27 out of 50 companies listed in the 2008 "China's Top Brands Awards" by World Brand Lab in December 2008 and was selected as the exclusive supplier of frozen food products to the Beijing 2008 Olympic Games. Synear is listed on the Singapore Exchange Main Board under SYNF SP.
Mr. Su Zhonghao, CEO of CAGM, commented, "We are pleased to have been chosen as the winner of this large Synear contract. Last year, we supplied only $73,000 worth of goods to the Company and this year, we are pleased to have secured one of the largest orders since inception. Our starch-based biodegradable tableware products have passed rigorous food safety inspections at Synear and meet its stringent quality standards. Our ability to secure a contract of this size further exemplifies our position as a trusted provider of environmentally sound products to a rapidly growing market."
About China Green Material Technologies, Inc.
Website: http://www.21cgmt.com/
Wildwilly...Since CAGM has come as far as it has with zero story told and no IR firm, (and it's still outperformed most China small caps over the last month), I expect it will make a move up again soon.
Hiring an IR firm is the best thing this company could have done at this point, and getting access to Europe (accomplished this month) and the US (coming soon I believe) for their product sales should make their 50% estimated revenue growth for 2010 very conservative.
It's definitely not a "flipper" stock- very little volume because nobody knows about it yet. That should change soon also.
Looking to get into this stock where does this go? I'm very sick of the penny land, need to make $$$. Let me know please.
I should learn to short.
Got in @2.30, and then it goes to 2.28... always happens.
Thanks Mike.
It should be linked from the CAGM site @ http://www.chfy.com.cn/
in a few days also.
CAGM Investor Presenation Slides from 01/25/2010 are in the iBox.
This bad boy has been performng very well the last 3 weeks. It's worth keeping your eyes on this one. It's the right field in the right place.
Where is everyone? Seems to be a good company, but no volume, no one talking on the boards.. Looks like a good time to buy.
got em in feb
02/15/2008 11:27:04 MANDATORY - ROUNDING (CAGM)
BUT, it was only in 1 account that I bot 1 share!!
the other accounts that I bot 100, all I have is 1
When did you get your shares? I have not received any.
actually got 99 shares CAGM from TDA in one account that I bot 1 share. the other acounts I bot 100 in I now have 1 share.
get the same response from them you did. appears the first time they requested the round ups they didn't request enough and when they re-requested additional shares the company, TA wanted more info that TDA woud not give out.
waiting with you. ATD said they filed a SEC complaint - months ago...
Well, still waiting on TDAmeriturd to give out the CAGM shares, but not holding my breath.
Has anyone received CAGM shares from TDA in the last few weeks? months?
This POS broker is the ONLY broker who has refused to give out the shares.
Last I heard from them, they were stating "We received information from the issuer that they are now requesting additional information such as trade tickets which we cannot provide due to privacy policy terms. We sent all the additional information that we could and will continue to status with the transfer agent and look for updates."
Of course, every other online broker has given out the CAGM shares months ago. TDA = POS!!!!
AND,........ TDA is kind enough to charge a reorganization fee, for being the only online broker to NOT give out the deserved shares.
Sometimes it takes awhile to penetrate 3 inches of skull...he he.....z
I remember the days when you were telling me and everyone else you needed to own the stock 3 days before the record date to get the divy, fs, roundup.LOL. guess you figured it out,huh. you still use TDA, you call em.
TDA knows that, maybe you need to read it again. the company changed the rules not TDA
Tell TD ATRADE to read the RULES....It goes by Ex Date, not whatever they want to make up on the spur of the moment......there are RULES TO FOLLOW!!!!!!!!!.......Talk to their Compliance Officer also......z
CAGM, from TDA, today
TD AMERITRADE did request to receive round-up shares of CAGM after the 1:150 reverse split of UBRANDIT.COM, however, the company was requiring that we supply account specific information to them that TD AMERITRADE feels is sensitive client/account information. It is TD AMERITRADE'S fiduciary responsibility not to supply such personal information to a third party, nor was the information anything the company should need to process our round-up request. The company responded to TD AMERITRADE stating that any purchases of UBRANDIT.COM made after 11/16/07 would not be entitled to additional rounding shares. Your purchase was made on 12/06/2007.
CAGM / UBDT. They are illegaly reneging on the deal. File a complaint with FINRA, and the SEC....lot of good it will do........z
Earnings Out-Selling for a PE of 5.
http://www.sec.gov/Archives/edgar/data/1082384/000107997308000751/cgmt_10q-063008.htm
I agree.
This is selling at about 1X book value.
Should be 2-3X book.
It is just my guess, but wouldn't the olympics need a huge number of disposable food service items.
That is what this company makes, why no PR saying there were any olympics related sales.
Maybe I missed the PR or an article somewhere. Anybody spot anything?
I emailed the company twice, and there is no response so far.
lowtrades denied me, when i pressed with more info they just straight up ignored me. they are really strange there.
So far, Zecco has refused to give me my roundup shares. Right now I am not going to make any trade through Zecco unless I have enough days before r/s. That way they will not get commission from me unless I am geting something for myself too.
I dealt with 2 people: "An" was one, and "Ernie" was the other.
Is there a particular person you dealt with?
they tried to pull similar B.S. with me. Telling me that the accounts for which I was still waiting for shares were not "holders of record".
they are either morons or tried to pull a fast one and keep the shares themselves.
I told them........"why is it that some accounts, in which I bought the UBDT shares on 01/11/2008 RECEIVED the round up shares of CAGM........but you are telling me that other accounts...in which I bought the UBDT shares way back in November of 2007...were not holders of record....HOW CAN THAT BE??!!"
finally, they saw the light, and gave in.
since March I've been trying to bash the truth into them.
My advice, just keep trying.
============================================================
The following is response I received from Zecco on 6/25/08:
Thank you for contacting Zecco Trading!
To be eligible for the 100 shares of CAGM, customers needed to hold positions by the close of business on 11/16/2007. Our records show that you did not buy UBDT until 11/23/2007. Unfortunately, your account was not eligible. Again, I apologize for the inconvenience.
If you have any further questions or concerns, please let us know.
Best Regards,
Ernie
Financial Services Associate
Great/ but I am not sure TD will not give them the information they want. Please let me know.
I'll post over there when it (hopefully) works out and I get the shares.
Please post your success story on the round board as well, might just make someone else's day too!
http://beta.investorshub.advfn.com/boards/board.aspx?board_id=9426
I called Securities Transfer this morning, they were helpful and said to just have TDA re-request the shares.
I then called TDA and told them that they had the wrong TA, it is not Pacific Transfer like they had listed. I gave them all the info for Securities Transfer in TX.
TDA will now request the correct shares from Securities Transfer and hopefully they will be in my account soon.
It's been a very long wait. When I get them, I will let you know.
Thank you again for giving me the correct TA for this one.
I will, thanks again.
I call and got stone walled. Let me know what happens please.
Thank you for that. The last info I was able to find ended in October of 07. I'll try this one tomorrow.
The Transfer Agent as of 11/08/07 was:
SECURITIES TRANSFER CORPORATION
2591 DALLAS PKWY STE 102
FRISCO TX 75034
469-633-0101
I called and talk to them. I do not know if it has changed
The quickest way to double your money is to fold it in half and put it back in your pocket!
Followers
|
21
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
468
|
Created
|
02/21/06
|
Type
|
Free
|
Moderators |
CAGM Investor Presentation Slides 01/25/2010
http://www.sinogreenmaterial.com/
http://stockcharts.com/c-sc/sc?s=cagm&p=d&b=2&g=0&id=p17970548896
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |