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China Internet Cafe Holdings Group Inc. (fka CICC)

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Last Post: 8/21/2020 9:32:31 AM - Followers: 3 - Board type: Free - Posts Today: 0

China Unitech Group, Inc. Completes Reverse Acquisition of Shenzhen Based Internet Cafe Company SHENZHEN, China, Jul 2, 2010 (GlobeNewswire via COMTEX) -- China Unitech Group, Inc. (the "Company") (OTCBB:CUIG) announced that it has successfully closed a share exchange transaction with the shareholder of Classic Bond Development Limited, a British Virgin Islands corporation (" Classic Bond"). The Company will operate through its variable interest entities in China to execute the current business plan of those affiliates, which involves the operation of a chain of China-based internet cafes. The new public company is quoted on the OTCQB Market under the ticker symbol "CUIG." In the share exchange transaction, Classic Bond's shareholders were granted 19,000,000 newly issued shares of the Company's Common Stock, representing approximately 94% of the total issued and outstanding capital stock of the Company, in exchange for 100% of the issued and outstanding shares of Classic Bond. After the share exchange transaction, there are 20,200,000 shares of the Company's Common Stock outstanding. As a result of the share exchange transaction, Classic Bond has become a wholly-owned subsidiary of the Company. Mr. Dishan Guo was appointed to the Board of Directors of the Company and the Company's executive officers were replaced by the executive officers of Classic Bond and its subsidiaries upon the closing of the share exchange. The Company plans to amend its Articles of Incorporation to change the name of the Company to China Internet Cafe Holdings Group, Inc. "We are delighted to have successfully closed the going public transaction," said Dishan Guo, the new Chairman of the Company. "Our company has continued to grow in the past. We expect that being a U.S. public company will provide us with a good trading platform. We also look forward to leveraging our public listing to become a recognized national internet cafe operation under our Dragon Surf brand." As of March 31, 2010, the Company's variable interest entity owned a chain of 28 internet cafes in Shenzhen, Guangdong, China. It provides top quality internet cafe facilities and is the largest internet cafe chain operator in Shenzhen. The Company provides internet access at reasonable prices to students and migrant workers. Over 99% of its revenues come from selling access time to our computers. About China Unitech Group, Inc. China Unitech Group Inc. is the holding company of Classic Bond Development Limited. Operating through its variable interest entity in China, Junlong Culture Communication Co. Ltd ("Junlong"), is a leading internet cafe chain operator headquartered in Shenzhen, China. Established in 2003, Junlong is one of the largest of five internet cafe chain operators in Shenzhen with 28 company-owned stores. Junlong's internet cafes are operated and managed under the Dragon Surf brand. Its robust system offers a one-stop entertainment and media venue for customers including VOIP, instant messaging, online games, snacks and drinks. Its internet cafes are typically located in high traffic areas that target mature students and migrant workers. The Company currently employs about 300 full time employees.
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#44   CICC registration revoked: Renee 08/21/20 09:32:31 AM
#43   CICC SEC Suspension for severely delinquent Financials: Renee 08/08/19 09:39:21 AM
#42   CICC one for 5 reverse split: Renee 06/13/14 04:56:34 PM
#41   This one looks quite nice on paper, they Big Brother 02/10/14 09:03:29 AM
#40   cicc 0,55$ dannie30 01/21/12 12:47:05 PM
#39   CICC~~~Cash m1999 07/09/11 12:36:30 AM
#38   CICC~~~Common stock ($0.00001 par value, 100,000,000 shares authorized, m1999 07/09/11 12:30:47 AM
#37   CICC~~~As of May 23, there are 21,124,967 shares m1999 07/09/11 12:29:47 AM
#36   CICC~~HUGE READ~~China Internet Cafe Holdings Group Opens Seven m1999 07/09/11 12:28:39 AM
#35   For all I know it could have been TOZ 03/06/11 09:04:00 PM
#34   I wonder why that got on there? $hellKing 03/06/11 07:23:48 PM
#33   Caveat Emptor REMOVED on March 2. Is it TOZ 03/06/11 05:42:07 PM
#32   News China Unitech Group, Inc. Expands its $hellKing 12/16/10 09:34:00 AM
#31   China Unitech Group, Inc. Announces Third Quarter 2010 Results $hellKing 11/16/10 09:06:51 AM
#30   10Q out today .08 earnings last quarter and $hellKing 11/15/10 02:29:04 PM
#29   Now it is officially, again. Must have $hellKing 10/05/10 09:22:13 AM
#28   Website looks good. Need some buys to $hellKing 09/08/10 09:39:54 AM
#27   News China Unitech Group, Inc. Launches New Corporate $hellKing 09/08/10 09:05:43 AM
#26   News China Unitech Group, Inc. Announces Strong Second Quarter $hellKing 08/19/10 08:50:24 AM
#25   They filed these pretty fast. Name and $hellKing 08/12/10 03:12:43 PM
#24   DEF 14 just filed. $hellKing 08/12/10 03:11:05 PM
#23   L2 Tightening up a bit. Got other $hellKing 08/11/10 08:45:53 AM
#22   L2 Screen Shot 1.25x2.00 $hellKing 08/11/10 08:44:50 AM
#21   PRE 14 Name change China Internet Café Holdings $hellKing 08/03/10 10:14:17 AM
#20   8k Filed $hellKing 08/03/10 10:13:37 AM
#19   AH 8K with all the details. Looks $hellKing 07/09/10 06:54:57 PM
#18   Nice DD there. Maybe this is a $hellKing 07/08/10 10:51:06 PM
#17   Nice thanks for the picks. Im going $hellKing 07/08/10 10:41:16 PM
#16   Articles on Chinese Cafes from 2007 - 2010 Michael Anderson 07/08/10 10:38:39 PM
#15   A couple that I like are BFAR, NEWN, Michael Anderson 07/08/10 09:24:01 PM
#14   I will have to check out the other $hellKing 07/08/10 09:05:53 PM
#13   Even based on 2010 expected earnings, P/E based Michael Anderson 07/08/10 09:00:04 PM
#12   ECBI just retained the same Investor Relations CCG $hellKing 07/06/10 03:08:30 PM
#11   .18x3.00 PENA on ask now. Must be $hellKing 07/06/10 12:10:44 PM
#10   Actual ESP Calculation for 2012: $hellKing 07/06/10 11:11:43 AM
#9   Check out the slide show. I believe $hellKing 07/06/10 11:05:06 AM
#8   7 junlong final (china rising) - Presentation Transcript $hellKing 07/06/10 10:58:20 AM
#6   China Unitech Group, Inc. Completes Reverse Acquisition of $hellKing 07/02/10 03:39:05 PM
#5   Im not sure what to call this. $hellKing 07/02/10 03:38:49 PM
#4   who wrote the press release? it says OTCBB, Stock 07/02/10 03:36:45 PM
#3   That was because of that Market Maker not $hellKing 07/02/10 03:35:50 PM
#2   This stock is not on OTCBB Stock 07/02/10 03:04:07 PM
#1   SECURITY ADDITIONS Stock 07/02/10 03:01:14 PM
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