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More stuff than last year.
When I first got this one I was sure it was a 1 dollar stock trading under a dime ---now it seems like a 4$ stock trading at $1.
Nice to have you here otherwise I'd be talking to myself.
I wonder if the ship to the US ---JK
They sure have a lot of stuff for sale.
China Market Media Holdings, Inc. New Marketing Platform "Easy Buy" Reaches 1.05 Million Customers
Date : 12/16/2010 @ 10:55AM
Source : GlobeNewswire Inc.
Stock : China Marketing Media Holdings, Inc (CMKM)
Quote : 1.0 0.0 (0.00%) @ 7:37AM
China Market Media Holdings, Inc. New Marketing Platform "Easy Buy" Reaches 1.05 Million Customers
China Marketng Media (OTCBB:CMKM)
Intraday Stock Chart
China Market Media Holdings, Inc. ("China Market Media" or the "Company") (OTCBB:CMKM), an innovative Chinese media company engaged in publishing sales and marketing magazines and publications, providing sales and marketing consulting services and online sales of various consumer products, announced today that the Company's new business platform called "Easy Buy" has completed its first marketing phase to 1.05 million credit card holders from several major banks in China.
The Company began their new business
of online marketing and sales of internationally branded consumer products by entering into various cooperation arrangements with prominent Chinese banks. The banks' existing consumer communication channels allows the Company to spend a limited amount of money as the startup cost for advertisement. The Company then markets and sells their advertisers' marquee products by sending marketing brochures along with the banks' monthly statements to their Platinum and Gold credit card customers and payments received for these products are processed through the banks' online payment mechanism.
"Earlier this year the Company launched a new business platform called 'Easy Buy' that connects businesses, banks and customers on a single platform. With the innovative Invisible Printing Optical Identification Technology (IP-OIT), this sales and marketing platform helps the advertising clients to further promote their products and enhance their sales distribution channel. At the same time, the Company will be able to market and sell our advertisers' products by sending the special catalog to the gold and platinum card holders through various banks. We look forward to a very favorable revenue stream from this innovative service and product," said Mr. Yingsheng Li, President and CEO of China Marketing Media.
About China Market Media Holdings, Inc.
China Market Media Holdings, through its indirect Chinese subsidiaries, is engaged in the business of selling magazines and advertising space in our magazines, providing sales and marketing consulting services and online sales of various products. All of its operations, assets, personnel, officers and directors are located in China. Currently, China Market Media Holdings publishes China Marketing (Xiao Shou Yu Shi Chang) magazine in China. It publishes three issues of China Marketing per month, including a sales edition, case edition and channel edition. From June 2003 through December 2006, it also published one issue of China Business & Trade magazine per month, which was the training edition. In June 2009, it began to publish eight special issues of China Marketing, which include cosmetic edition, food edition, gift edition, tobacco edition, finance edition, sporting goods edition, edition for agricultural resources and edition for entrepreneurs in Henan. The special editions are published from time to time based upon market conditions. In July 2008, the Company started its new business of online marketing and sales of various products. These products mainly consist of electronic products.
Forward-Looking Statements
This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward -looking statements" including statements regarding: product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and any other statements of non-historical information. These forward looking statements are often identified by the use of forward -looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. 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. Such risk factors include, among others, viability and effectiveness of the Company's sales approach and overall marketing strategies, competitive responses, the Company's ability to develop new magazines and related new media, regulatory environment for media companies and media distribution and consumption in the PRC. More information about some of these risks and uncertainties may be found in the reports filed with the Securities and Exchange Commission by the Company. 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 the Securities and Exchange Commission and available on its website
China Market Media Holdings, Inc. Engages Rubenstein Investor Relations
Date : 12/09/2010 @ 1:01PM
China Market Media Holdings, Inc. Engages Rubenstein Investor Relations
China Mktng Mda Hldgs (BB) (OTCBB:CMKM)
Intraday Stock Chart
China Market Media Holdings, Inc. ("China Market Media" or the "Company") (OTCBB:CMKM), an innovative Chinese media company engaged in publishing sales and marketing magazines and publications, providing sales and marketing consulting services and online sales of various electronic products, announced today that it has engaged New York based Rubenstein Investor Relations (RIR) to represent the Company for their shareholder communications campaign.
"We are pleased to be working with Rubenstein to expand our shareholder and investment community communications program. This relationship with Rubenstein Investor Relations brings an extraordinary new resource to our team. We look forward to the opportunity to get our story out to the investment community," said Mr. Yingsheng Li, President and CEO of China Marketing Media.
Rubenstein Investor Relations will focus on enhancing the Company's current investor communications program through continual interaction with the investment community while expanding outreach to institutional investors. RIR has established an excellent track record of aligning companies with the appropriate financial audiences.
"China Marketing is a leading brand in China recognized as a vertically integrated multimedia company. Their unique online marketing strategy which incorporates publishing and advertising sales, sales and marketing services and an internet marketing platform has grown considerably over the past few years and could dominate the market in the near future," said Richard Rubenstein, President of Rubenstein Investor Relations. "We look forward to executing our plan to introduce China Marketing to a broad base of institutions within the financial community during this important stage of the Company's growth."
About Rubenstein Investor Relations
Rubenstein Investor Relations specializes in introducing and positioning small- and mid-cap companies to appropriate communities of investors. The Company focuses on facilitating and developing strong and lasting investment banking relations, building institutional support, and improving clients' overall investor relations strategies.
About China Market Media Holdings, Inc.
China Market Media Holdings, through its indirect Chinese subsidiaries, is engaged in the business of selling magazines and advertising space in our magazines, providing sales and marketing consulting services and online sales of various products. All of its operations, assets, personnel, officers and directors are located in China. Currently, China Market Media Holdings publishes China Marketing (Xiao Shou Yu Shi Chang) magazine in China. It publishes three issues of China Marketing per month, including a sales edition, case edition and channel edition. From June 2003 through December 2006, it also published one issue of China Business & Trade magazine per month, which was the training edition. In June 2009, it began to publish eight special issues of China Marketing, which include cosmetic edition, food edition, gift edition, tobacco edition, finance edition, sporting goods edition, edition for agricultural resources and edition for entrepreneurs in Henan. The special editions are published from time to time based upon market conditions. In July 2008, the Company started its new business of online marketing and sales of various products. These products mainly consist of electronic products.
DANG trading at almost $30
They should find this one at some point
Dangdang has 390 mil OS and 4.9 mil earnings for the Q
earnings should be .0125 per share for the Q (with impressive growth
IPO is priced $13 --- $15 for 5 shares so 3$ a share for .0125 eps
PE about 60
That would put CMKM at about $10 a share.
Optimistic of me for sure but I am hoping we get some wind in our sails from this IPO
CMKM's revenue 9,132,732 earnings 1,402,881
so CMKM has about 1/3rd of the earnings
and way fewer shares, about a tenth if I recall correctly
Here's the competition's website and news.
http://www.dangdang.com/
E-Commerce China Dangdang files for $254M IPO, expects shares to cost between $11 and $13 each
NEW YORK (AP) -- Chinese retailer E-Commerce China Dangdang Inc., which runs the online store dangdang.com, hopes to raise about $254 million in an initial public offering, according to a filing with the Securities and Exchange Commission.
Dangdang.com launched in 1999 and has 1,142 full-time employees, as of Sept. 30. Much like Amazon.com Inc., it began by selling books, but has since expanded into other product areas such as clothing, footwear, beauty products, electronics and home goods.
The offering will include 17 million American depositary shares, which the Beijing company expects to price between $11 and $13 each. The offering includes 13.2 million ADS owned by E-Commerce and 3.8 million owned by initial investors. Each ADS represents five common shares.
Commerce said it plans to use its net proceeds for general corporate purposes, including potential acquisitions, and to broaden its product categories.
Underwriters will have 30 days to buy up to 2.6 million additional ADS to cover excess demand. Credit Suisse and Morgan Stanley lead the group of underwriters, which also includes Oppenheimer & Co., Piper Jaffray and Cowen and Co.
For the quarter ended Sept. 30, it earned 32.7million renminbi ($4.9 million), up from 8.3 million RMB ($1.2 million) in 2009. Also during this period, its revenue rose to 606.7 million RMB from 389.3 million RMB.
The company is expected to trade on the New York Stock Exchange under the ticker symbol "DANG."
"Rising tide lifts all boats" wish
So you thinking CMKM might take notice and look at uplisting too? Like you said, lots of similarities. Thanks, I kind of thought that was where you were going with that one, but I wanted to make sure.
It's an Amazon type China IPO -----------similar business
and I'm not sure yet but perhaps a similar EPS
They do 10 times the sales and have 10 times the shares.
worth watching IMO
What is this about?
* DECEMBER 6, 2010, 1:27 P.M. ET
Expected IPO Range For E-Commerce China Dangdang Lifted
DOW JONES NEWSWIRES
Chinese online retailer E-Commerce China Dangdang Inc.'s expected initial public offering price has been raised.
The U.S. IPO market has been more active lately with an inflow of Chinese debuts often--but not universally--getting a warm reception from investors.
On Monday, E-Commerce China Dangdang said it anticipates the IPO price being $13 to $15 per American depositary share, up from last month's expected range of $11 to $13. The sale of at least 17 million ADS is still anticipated, up to 13.5 million from the company and the rest from current holders such as cofounder and Chief Executive Guoqing Li.
Each ADS represents five ordinary shares, of which some 390 million will be outstanding after the IPO. China Dangdang's proceeds will go toward expanding its operations.
The company operates the leading Chinese e-commerce store, dangdang.com, Like Amazon.com Inc. (AMZN) in the U.S., it originally focused on online book sales but now offers a range of product categories, like other media, apparel, electronics and beauty and home products. China Dangdang also set up a marketplace program last year that allows third-quarter merchants to sell their general merchandise alongside the e-commerce products.
It has applied to list its ADS on the New York Stock Exchange under the symbol DANG.
In the first nine months of this year, China Dangdang reported it swung to a profit as sales jumped 44%, reaching $197.6 million when translated to dollars.
-By John Kell, Dow Jones Newswires; 212-416-2480; john.kell@dowjones.com
thats the problem .. can you believe the 10-q's ... DYP RINO CSKI IDI and the list goes on and on with the shabby accounting in the china stocks sector.
Agreed ---but if the growth is consistent they usually have a nice run at some point.
I played this from .16 to mid .70s ... back in the day .. the large spread and no volume scares alot of peeps .. also with so many problems with the china stocks .. I dont think it helps here
We think so. The Q to Q growth is pretty amazing also.
I think it will catch on eventually
Shouldnt this be trading at much mcuh higher prices? ... I read the 10-q and with this share structure??? This is a steal at these prices
LOL. I know the feeling. This one has been rock solid for a long time now. I still am jealous of your luck with getting in so low on this one. The lowest I was able to buy in at was 0.40 a share. I had the opportunity to buy at 0.15 but hesitated hoping it would drop back down below 0.10 but it never happened. Now look at where we are today. A hole year without really going below 0.50 very much. Can't even compare to your luck and good timing. If I would have found this company at the same time as you, I would have had an order in when there were no shares trading too. Amazing that this company traded so low. Well, like you said, if you can find a couple companies like this one each year, that's all a person needs. I still think LTUS will be an excellent 4 to 6 bagger in the next year or so once they uplist. I think it will be a lot like that other company you were tell me about that traded flat for so long and then when they announced their uplisting, moved fast. Lotus is a good company that I truly feel will do well. Just can't get in at 0.04, (wink), no matter how much you try.
Well at least I own one real company.
Yes, next quarter should be excellent. I hope it drops down a little in the lull time to pick up more before that filing. One of these days though, our shares will jump past a $1 and never come back down. Especially if they uplist. Well, I guess we will have to see if we get that drop. If we don't, that's fine with me too. Nice to see our rock solid company continuing to do great. At least there is some hope in this market.
X-mas in China
In China, it's mainly Christians who celebrate Christmas, although the commercial aspect of the holiday is spreading. For everyone else, the Chinese New Year is the big event of the season.
Steps:
1. Make paper lanterns to decorate your house.
2. Set up a Tree of Light, or Christmas tree, and adorn it with paper chains, paper flowers and paper lanterns. These trees are usually artificial.
3. Help your children hang muslin stockings to be filled with small presents.
4. Expect Dun Che Lao Ren, or Christmas Old Man, to visit.
5. Participate in local festivals (like Hong Kong's Ta Chiu festival), which happen in many parts of China. They may or may not be directly associated with Christmas.
6. Go to church if this religious tradition is an important part of your Christmas celebration. Midnight Mass is popular with the small Catholic population.
7. Prepare for the Chinese New Year, officially called the Spring Festival, which marks the beginning of the new Chinese calendar year.
8. Buy your children new clothes and toys for the occasion.
9. Understand that it's appropriate to honor your ancestors during the New Year's celebration; hang portraits in your home of relatives from past generations.
10. Display bowls of oranges and tangerines, which symbolize wealth and good fortune.
Tips:
Give friends and relatives red envelopes containing lucky money as a gift for the Chinese New Year.
Only a small part of the Chinese population is Christian, as Christianity is not an officially sanctioned religion in China.
http://www.jackiechankids.com/files/Christmas_in_China.htm
China Marketing Media Holdings Announces Third Quarter 2010 Financial Results
Date : 11/15/2010 @ 6:05PM
Source : GlobeNewswire Inc.
Stock : China Market Media Holdings, Inc. (CMKM)
Quote : 0.7 0.04 (6.06%) @ 4:10PM
China Marketing Media Holdings Announces Third Quarter 2010 Financial Results
China Mktng Mda Hldgs (BB) (OTCBB:CMKM)
Intraday Stock Chart
Today : Monday 15 November 2010
Click Here for more China Mktng Mda Hldgs (BB) Charts.
China Market Media Holdings, Inc. ("China Market Media" or the "Company") (OTCBB:CMKM), an integrated Chinese multimedia company engaged in publishing sales and marketing magazines and publications, providing sales and marketing consulting services and online sales of various consumer products, today announced its financial results for the third fiscal quarter ended September 30, 2010.
Third Quarter Financial Highlights:
* Revenues: Our revenues were approximately $9.1 million for the third quarter of 2010, an increase of 32.2% from the same quarter of last year.
* Gross Margin: Gross margin was 32.6% for the third quarter of 2010, as compared with 30.2% for the same quarter of last year.
* Operating Profit: Operating profit was approximately $1.46 million for the third quarter of 2010, an increase of approximately 95.5% from approximately $0.74 million of the same period last year.
* Net Income attributable to China Marketing Media Holdings, Inc.: Net income was approximately $1.40 million for the third quarter of 2010, an increase of 89.6% from the same period of last year.
* Fully diluted earnings per share was $0.05 for the third quarter of 2010
Nine Months 2010 Financial Highlights:
* Sales increased from $16.8 million to $26,7 million, a 59.0% improvement from the same quarter of last year;
* Advertising revenue increased almost 112% in the first nine months of 2010 as compared with the same period last year, while online consumer sales and consulting revenue grew 70% and 15.8%, respectively;
* Net income after tax for the first nine months of 2010 was $3.5 million or EPS of $0.12, as compared with $1 million or EPS of $0.04 for the first nine months of 2009.
Results of Operations
Revenues during the three-month period ended September 30, 2010 were $9.1 million, which is $2.2 million or 32.2% more than the same period in 2009, when the Company had revenues of $6.9 million. The increase in revenues for the three months ended September 30, 2010 is mainly due to increases in selling consumer products online and in advertising sales. The increase in revenue of selling consumer products was attributable to the sales by more well-established sales channels and a variety of sales promotions to attract more consumers. In addition, following economic recovery in PRC in 2009, many enterprises increased their marketing and advertising expenses in 2010, which resulted in the increase of our revenue in an amount of approximately $0.79 million from advertising sales.
Gross profit in the third quarter of 2010 increased 43.1% to $2.98 million, from $2.08 million in the prior year's same period. Gross margin in the third quarter of 2010 was 32.6%, as compared with 30.2% a year ago.
Income tax expense was $75 and $5,841 during the three months ended September 30, 2010 and 2009, respectively or a decrease of 98.7%.
Net income in the third quarter of 2010 increased 89.6% to $1.4 million, from approximately $0.74 million, in the third quarter of 2009. EPS increased to $0.05 per diluted share, up 67% from $0.03 per diluted share in the third quarter of 2009.
As of September 30, 2010, we had cash and cash equivalents of approximately $5.5 million and working capital of $8.9 million.
Net cash provided by operating activities was approximately $1.12 million during the nine months ended September 30, 2010, which is an increase of approximately $1.1 million from approximately $0.02 million net cash provided by operating activities for the same period of 2009. Such increase of net cash provided by operating activities was primarily attributable to an increase in income from continuing operations.
Mr. Yingsheng Li, President and CEO of China Marketing Media, commented, "We are excited about reporting another strong quarter. Our business initiatives are proving to be successful, and we anticipate this trend to continue. This increase in revenue of selling consumer products was attributable to the sales by more well-established sales channels and a variety of sales promotions to attract more consumers which resulted in the increase of our revenue in an amount of approximately $3.46 million from advertising sales."
About China Marketing Media Holdings, Inc.
China Marketing Media Holdings, through its indirect Chinese subsidiaries, is engaged in the business of selling magazines and advertising space in our magazines, providing sales and marketing consulting services and online sales of various products. All of its operations, assets, personnel, officers and directors are located in China. Currently, China Marketing Media Holdings publishes China Marketing (Xiao Shou Yu Shi Chang) magazine in China. It publishes three issues of China Marketing per month, including a sales edition, case edition and channel edition. From June 2003 through December 2006, it also published one issue of China Business & Trade magazine per month, which was the training edition. In June 2009, it began to publish eight special issues of China Marketing, which includes a cosmetic edition, food edition, gift edition, tobacco edition, finance edition, sporting goods edition, an edition for agricultural resources and an edition for entrepreneurs in Henan. The special editions are published from time to time based upon market conditions.
In July 2008, the Company started its new business of online marketing and sales of various consumer products by entering into various cooperation arrangements with Chinese banks.
In June 2010, the company launched a new business platform called "Easy Buy" that connects business, banks and customers on a single platform. With the innovative Invisible Printing Optical Identification Technology (IP-OIT), this sales and marketing platform helps the advertising clients to further promote their products and enhance their sales distribution channel. At the same time, we will be able to market and sell our products by sending the special catalog to the gold and platinum card holders through various banks, thus bringing in more advertising revenues for the company.
Forward-Looking Statements
This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements" including statements regarding: product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and any other statements of non-historical information. These forward looking statements are often identified by the use of forward -looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. 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. Such risk factors include, among others, viability and effectiveness of the Company's sales approach and overall marketing strategies, competitive responses, the Company's ability to develop new magazines and related new media, regulatory environment for media companies and media distribution and consumption in the PRC. More information about some of these risks and uncertainties may be found in the reports filed with the Securities and Exchange Commission by the Company. 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 the Securities and Exchange Commission and available on its website (http://www.sec.gov). 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.
CHINA MARKETING MEDIA HOLDINGS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
AS OF SEPTEMBER 30, 2010 AND DECEMBER 31, 2009
(Currency expressed in United States Dollars ("US$"), except for number of shares)
September 30, 2010 December 31, 2009
(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents $ 5,484,917 $ 5,546,749
Accounts receivable 2,506,265 2,780,489
Prepaid expenses 114,057 578,652
Inventory 777,283 279,807
Total current assets 8,882,522 9,185,697
Non-current assets:
Loan receivable 1,194,369 1,170,070
Long-term investments 1,116,256 456,180
Related party receivables – affiliates 6,178,807 2,685,944
Related party receivables 361,416 354,063
Other receivable 608,750 489,356
Investment held to maturity 597,184 --
Goodwill 829,338 812,465
Property, plant and equipment 1,828,548 1,765,843
Less: accumulated depreciation (644,081) (510,772)
License agreement 1,507,528 1,482,823
Less: accumulated amortization (1,030,851) (883,746)
Total non-current assets 12,547,264 7,822,226
TOTAL ASSETS $ 21,429,786 $ 17,007,923
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable $ 180,310 $ 152,104
Accrued expenses and levies 41,280 90,117
Deferred revenues 750,187 342,126
Taxes payable 62,389 91,770
Other payable 425,358 375,000
Total current liabilities 1,459,524 1,051,117
Commitments and contingencies
Equity:
China Marketing Media Holdings, Inc. stockholders' equity:
Common stock, no par value, 100,000,000 shares authorized,
28,686,002 common shares issued and outstanding, respectively 1,112,546 1,112,546
Additional paid-in capital 165,000 165,000
Retained earnings 16,305,776 12,760,253
Accumulated other comprehensive income 2,386,940 1,947,349
Total China Marketing Media Holdings, Inc. stockholders' equity 19,970,262 15,985,148
Non-controlling interests -- (28,342)
Total equity 19,970,262 15,956,806
TOTAL LIABILITIES AND EQUITY $ 21,429,786 $ 17,007,923
CHINA MARKETING MEDIA HOLDINGS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF
OPERATIONS AND COMPREHENSIVE INCOME
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2010 AND 2009
(Currency expressed in United States Dollars ("US$"), except for number of shares)
(Unaudited)
Three months ended September 30, Nine months ended September 30,
2010 2009 2010 2009
Revenue, net $ 9,132,732 $ 6,908,168 $ 26,713,241 $ 16,801,803
Cost of revenue 6,152,606 4,825,344 18,382,839 11,634,189
Gross profit 2,980,126 2,082,824 8,330,402 5,167,614
Operating expenses:
Payroll expenses 695,470 554,154 2,233,485 1,798,591
Other general and administrative 827,868 783,697 2,512,405 2,368,145
1,523,338 1,337,851 4,745,890 4,166,736
Total operating expenses
Income from operations 1,456,788 744,973 3,584,512 1,000,878
Other income (expense):
Interest income 29,221 9,613 120,712 24,496
Interest expense (415) -- (34,431) --
Investment loss (equity method) (23,172) (13,483) (33,260) (52,222)
Other income (expense) 192 4,687 787 14,805
Total other income (expense) 5,826 817 53,808 (12,921)
Income from continuing
operations before income taxes 1,462,614 745,790 3,638,320 987,957
Income tax expense (75) (5,841) (28,203) (17,356)
Income from continuing
operations, net of tax 1,462,539 739,949 3,610,117 970,601
Discontinued operations, net of
tax (26,574) -- (36,252) --
NET INCOME $ 1,435,965 $ 739,949 $ 3,573,865 $ 970,601
Net loss (income) attributable to
non-controlling interests (33,084) 3 (28,342) 34,025
Net income attributable to China
Marketing Media Holdings, Inc. $ 1,402,881 $ 739,952 $ 3,545,523 $ 1,004,626
Earnings per share – basic and diluted:
Income from continuing
operations attributable to China
Marketing Media Holdings, Inc.
common stockholders $ 0.05 $ 0.03 $ 0.12 $ 0.04
Discontinued operations
attributable to China Marketing
Media Holdings, Inc. common
stockholders (0.00) -- (0.00) --
Net income attributable to China
Marketing Media Holdings, Inc.
common stockholders $ 0.05 $ 0.03 $ 0.12 $ 0.04
Weighted average common stock
outstanding – basic and diluted 28,686,002 28,686,002 28,686,002 28,686,002
NET INCOME $ 1,435,965 $ 739,949 $ 3,573,865 $ 970,601
Other comprehensive income:
- Foreign currency translation
gain 374,350 5,758 439,591 25,630
COMPREHENSIVE INCOME $ 1,810,315 $ 745,707 $ 4,013,456 $ 996,231
Comprehensive loss (income)
attributable to non-controlling
interests $ (33,084) $ -- $ (28,342) $ 33,967
Comprehensive income
attributable to China Marketing
Media Holdings, Inc. $ 1,777,231 $ 745,707 $ 3,985,114 $ 1,030,198
CHINA MARKETING MEDIA HOLDINGS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2010 AND 2009
(Currency expressed in United States Dollars ("US$"))
(Unaudited)
Nine months ended September 30,
2010 2009
Cash flows from operating activities:
Income from continuing operations $ 3,610,117 $ 970,601
Adjustments to reconcile income from continuing
operations to net cash provided by operating activities:
Amortization and depreciation 262,903 244,116
Equity investment loss from unconsolidated subsidiary 33,260 52,222
Loss on disposal of property, plant and equipment 14,544 --
Changes in operating assets and liabilities:
Accounts receivable 326,206 (840,119)
Prepaid expenses 468,341 5,032
Inventory (483,132) (1,541,702)
Related party receivables – affiliates (see note 7) (3,383,301) --
Other receivable (123,599) (127,348)
Due from major sales agents -- 128,242
Accounts payable and accrued expenses (25,217) 435,767
Deferred revenues 393,997 663,743
Taxes payable (37,778) (197,222)
Other payable 75,724 230,722
Net cash provided by operating activities – continuing
operations 1,132,065 24,054
Net cash used in discontinued operations (9,634) --
Net cash provided by operating activities 1,122,431 24,054
Cash flows from investing activities:
Purchase of property, plant and equipment (42,400) (66,947)
Return of deposit for investment in subsidiary -- 5,977,339
Purchase of investments (1,246,993) --
Advance to SKTC -- (60,182)
Payments from related parties receivable -- 486,183
Net cash (used in) provided by investing activities –
continuing operations (1,289,393) 6,336,393
Net cash used in discontinued operations (4,180) --
(1,293,573) 6,336,393
Net cash (used in) provided by investing activities
Effect of exchange rate changes in cash and cash
equivalents 109,310 1,537
NET CHANGE IN CASH AND CASH EQUIVALENTS (61,832) 6,361,984
BEGINNING OF PERIOD 5,546,749 2,161,227
END OF PERIOD $ 5,484,917 $ 8,523,211
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for income taxes $ 55,320 $ --
Cash paid for interest $ -- $ --
CONTACT: Rubenstein Investor Relations
Tim Clemensen
(212) 843-9337
TClemensen@RubensteinIR.com
What are you up to ? haven't seen you around much.
Q is out --very nice .05 eps for the Q
If they can keep up the currant growth rate for the next couple of Q's we should do very well IMO.
Nice trading today. Might be close to that $1 again.
It pays to browse the website now and then ----------the selection keeps getting better.
sure is -: > )
take a look at CMKM chart ---look like it will go above 90 soon
I am working day shift so I miss out on all the trading. Just got home now. I won't be off until Tuesday and Wednesday. Then I go to night shift. Might be around a little during my night shifts but I am suppose to sleep during that time. Well, I have to do some work around the house in a little bit but I might still be on for a little while. I have a lot of posts to catch up on.
Also, yes it is nice to see someone slowly buying those 90's. Hopefully people will wise up and move those asks up a little. Well, have a great evening.
nice quiet buyer at .90
where are you ? let me know when you are around
I hope you are right. That would be a nice Christmas gift.
I think this one will run soon and into x-mas season
and/or China new year.
Do you think some of those new market makers are a direct result of the slide show presentation and marketing? Well, either way, it’s nice to see some interest.
I noticed that ! Looks like a real l2 now
Look at all that bid support. I don't think I have ever seen so much bid support on this company. Nice to see. Plus there are a few new market makers I don't recognize on the list. Interesting. All good news if you ask me.
IMO the finance deal is the cause of the shorting
and it's not naked it's covered shorting due to the financing.
The naked shorting myth is created to cover up these deals and keep folks buying up the stock and buying into the "mm's need to cover" myth while the dealmakers cash in running it down to .000's.
I think that offshore entities short into these deals and buy a bunch at the bottom so that when the financing is done they can make more $ as they run it back up.
JMHO
I know what you mean by the financing problem. Plus, we seem to have huge issues with other entities that actively victimize small startups. So even if the company had a chance, once it is targeted, they seem to be quite proficient at destroying small companies. A guy by the handle of Regulus60 on another board posted an interesting article that if you read, explains how a lot of these startup pennies get wrecked. From what I can see with the trading patterns, it seems to be right on.
Here is the link.
http://www.counterfeitingstock.com/CounterfeitingStock.html
It makes me sick. It looks like IFXY is being traded like this. It is part of the reason I had to back out. Between that and a potential finance deal, it just doesn't seem to have a chance. Plus with the finance deal on the books, it makes it that much easier to wreck since people are not sure if the dilution is coming from the finance deal or if it is just plain naked shorting. The worst part is if the naked shorting works, then the company will probably say, “what the hell, the share price is shot in the ass anyway, might as well take the financing. It’s free to us at this point anyway.“ At least that would be the way I would feel if I were the CEO of the company and I was the target of naked shorting.
You know, it's a shame because this company had potential. If it traded in true market conditions, it probably would be around $0.50 easy now. Even without making a profit because of the people that are so interested in it on the other board. Unfortunately, every time members make a sizable purchase, NITE or ETMM drop the Ask. Just the opposite of what should happen. I bet there are hundreds of millions of counterfeit IFXY shares floating out there. Just a shame. Plus, by wrecking the share price, the company can't raise the money it so desperately needs through equity financing without destroying the current share holders because they can't raise the amount of money they need at the current share price right now without issuing billions of shares. Sad but true.
I hope our company is considered not worth trying to wreck since CMKM is so profitable and trades so thinly. At least I hope so anyway. I have a feeling it is the thinly traded part that saves us.
Read the article. I read the whole thing and I most definitely can see what the author is talking about by the way some of these companies trade. It’s a shame that there is an entire industry created to short companies into oblivion. Like the author said, the worst part about shorting companies is it doesn’t make an investment of capital, it just takes it from existing shareholders.
The thing that bothers me about America's small caps right now is
entrepreneurs want to start companies and investors are ready and willing to invest, but the finance people in the middle have no ethics and are in it for a quick buck to the detriment of everyone else. Agree about the CEO greed also, but 20k is pretty much poverty level here ----- we will even out with the rest of the world but it's going to hurt -----not sure why we are fighting so hard to achieve it.
China companies also have that benefit of not having over inflated wages and insanely high health and pension benefits that kill American companies. It’s to bad that a person in China can live quite comfortably on $20,000 and that is considered below poverty level in the US. Money just doesn't go as far as it should in America. It is harder to make a profit in the US for small companies. Especially when the companies top brass seem to think they deserve a $250,000 or greater salary without even making a profit yet. Most of these startups get sucked dry from the top brass but a lot of these Chinese companies seem to keep those numbers reasonable, even after making huge profits. Nice to see they don't get to greedy when the going gets good. Well, I will get off my soapbox. Hope it starts trading North a little. We have been stuck in this channel of $0.50 to $1.00 for quite some time.
China companies seem to operate without that self destructive financing that kills so many American small caps so the share price can go up.
They have other problems sometimes, but not so much that one
Well, with the company's record of growth, I would imagine the Q over Q growth won't be a problem. Looking forward to seeing if your right with the price increase. Thanks dijeetyet.
Seems to be how these China ones trade, they putter around with no liquidity for a time and then have a nice run, assuming they have nice Q-to-Q growth of course
You thinks so. That would be cool. Why do you think it would run that high? Just wondering. Should be another nice quarterly though.
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