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its up 1300% from close yesterday.... means nothing interms of possible real gains today.... was virtually impossible to get this stock for less than .13 today so....no real gains here from the huge gap up from .13
wow you call up 1,344.44% tanking...what do you consider a gain.
wow tanking already? Fizzzzzzle?
The gap up went was .10 and within seconds was at .15 which is where its at now.... so...its now showing a 1567% increase...lol funny...lol... the first few trades were tiny volume alll have been small..... it will be interesting to see what happens when someone buys a large quantity.... for sure
A nice insider play only.... MM are switching each others and EPIC is cashing up..
MS
i like this kind of joke...if you trade it right there is money to be made...and i like that
kranthikumar, with UMDI...
A friend of mine yesterday told me that he had a stock to tell me about and it was UMDI. I have not really researched it to see what it is that they do.
A dip might be good to help a few more investors to join in to take the risk.
v/r
Sterling
lolol....pfffttt what a joke...lol
ACL Semiconductors, Inc. changed to USmart Mobile Device, Inc.
http://www.otcbb.com/asp/dailylist_detail.asp?d=04/16/2013&mkt_ctg=NON-OTCBB
QB 2,600 3mo. avg vol
Contact Info
B24-B27, 1/F., Block B
Proficient Industrial Centre
6 Wang Kwun Road
Kowloon
Hong Kong
Website: http://acl-semicon.com/
Phone: (852) 2799-1996
Update Company Info
Business Description
Financial Reporting/Disclosure
Reporting Status SEC Filer
Audited Financials Audited
Latest Report Not Available
Regulatory Agency Not Available
CIK 0000934445
Fiscal Year End 12/31
OTC Market Tier OTCQB
Profile Data
SIC - Industry Classification 5065 - Electronic parts and equipment, misc
Incorporated In: DE, USA
Year of Inc. Not Available
Employees Not Available
Company Officers
Kenneth Lap Yin Chan COO
Company Directors
Man Sing Lai
Wing Sun Leung
Ho Man Yeung
Company Notes
Formerly=Print Data Corp. until 1-04
Note=10-02 State of Incorporation Nevada changed to Delaware
Formerly=Odyssey Capital Group, Ltd. until 9-01
Formerly=Universal Marketing & Entertainment, Inc. until 5-01
Note=6-87 State of incorporation Utah changed to Nevada
Formerly=Dayton Filmcorp until 11-94
Service Providers
Auditor/Accountant
Albert Wong & Co.
Room 701A, Nan Dao Commercial Building
359-361 Queen's Road Central
Hong Kong, HGK, China
Legal Counsel
Not Available
Investor Relations Firm
Not Available
ACLO Security Details
Share Structure
Market Value1 $3,483,050 a/o Sep 21, 2012
Shares Outstanding 34,830,495 a/o Aug 14, 2012
Float Not Available
Authorized Shares Not Available
Par Value 0.001
Shareholders
Shareholders of Record 450 a/o Apr 20, 2012
Corporate Actions
Ex. Date Record Date Pay Date
Dividend (0.00) May 11, 2012 May 14, 2012 May 28, 2012
Security Notes
Capital Change=shs decreased by1 for 20 split. Pay-date=3-11-98.
Capital Change=shs decreased by 1 for 5 split. Pay date=09/28/2001.
Capital Change=shs decreased by 1 for 20 split Rec date=10/11/2002. Pay date=10/15/2002.
Capital Change=shs increased by 1.2 for 1 split. Ex-date=05/11/2012. Rec date=05/14/2012. Pay date=05/28/2012.
Short Selling Data
Short Interest 0 (-100%)
May 31, 2012
Significant Failures to Deliver No
Transfer Agent(s)
American Stock Transfer & Trust Company
I now think this is a great time to add. Some games with the bid and ask. What's up with .16 x .50. Tomen news is great. Sounds like more acquisitions to come.
Is this a good time to take a position or add to a position in your opinion?
hope that is the case. they are way undervalued imo. nothing but positive news this year with the increase in demand for flash memory. waiting for some good news soon.
Interesting...thanks for the info. The float is soo tiny here...if there was some volume this would rocket.
They expect to be listed on the Nasdaq in June or so, following is response from CFO:
Thanks for your email. The Company is in the process of up listing to the NASDAQ. Unless our stock price
move to $4/share, with our current price, it is inevitable for us to reverse split to reach the $4/share requirement.
We are expecting to complete the up list in next month or so.
Thank you for your supports.
Regards,
Kun Lin Lee
Anywhere from a 1:4 to 1:20 reverse stock split.
With them bringing on new board directors a few months ago I believe 2011 will be different than other years:
http://ih.advfn.com/p.php?pid=nmona&article=45571112
this is their IR contact: Joseph
http://www.theruthgroup.com/
Hey Aeroplane,
I agree with you 100%. I believe this company is taking the turn for the better and like that the CEO has been a little more active with news and updates compared to last year.
I think margins are gradually improving as well. With this market cap of 12 million it is definitely a chance I am willing to take...the risk reward is too good to pass up. No dilution coming from the company and that is a biggie for me with foreign companies.
I see companies that are non existent or on verge of bankruptcy trade at ridiculous valuations. I think this will have its day..I am picking up more shares wherever I can....by the trading action I will have many opportunities and can be patient.
I've been in this one for two years now. It's problem seems to be two-fold. The first thing being they don't really do a good job of IR (hence low volume) and the second being that their health and viability is too closely tied to Samsung. If Samsung decided to void their yearly contract with ACLO, it might be enough to send the company down the toilet.
Having said that, the growth rate is astonishing and as long as it has Samsung around, it has a steady stream of income. It's a gamble I'd readily take any day of the year.
I'd love to see this one trade around $1.20-$1.50 pps in the near term. It's definitely worth that much, IMO. Long term, the sky is the limit as it's location in Hong Kong (and access to the South of China) is a definite plus and their growing revenues don't seem to be letting up despite tough economic times.
I'm hoping revenues eclipse $500mil this year and they're at $150mil by the 4th quarter.
Two weeks..that is a long time..maybe a week then. lol
Actually this definitely is a longer term play here, I think people are timing their buys and accumulating when they can like me!
No not yet. Wait 2 weeks then I will be in...LOL.. I am liking her more and more
good luck in the mean time though TC
Looks like the new director Dr. Chu on board has some contacts. PRLX use to be on NASDAQ and I guess is now under Johnson Electric and was bought out. He might bring some recognition, sales and direction for getting ACLO on NASDAQ.
Mr. Chu qualifies as an independent director under the standards for director independence contained in the Nasdaq Marketplaces Rule 5605(a)(2) that the Company has adopted.
Dr. Hung Ming Joseph Chu, 55, is Vice President of Global Business Development at Sydaap Technologies Pvt. Ltd. Previously, from 2008, Mr. Chu was Vice President for Mirics Semiconductor, a developer of silicon and software solutions for analog and digital broadcast reception. From 2005 to 2008, Mr. Chu was Vice President and Director of Business Development at Parlex Corp. [NASDAQ: PRLX] now a subsidiary of Johnson Electric. Mr. Chu has over 25 years of experience in the communication and semiconductor industry, with 18 of those years spent focusing on business development and marketing activities in Asia. Mr. Chu earned a BSc in systems engineering from King’s College of the University of London and is a member of the Chartered Management Institute (formerly known as British Institute of Management).
Yes very much so. Who knows I wonder if they can gain some accounts or supply more to others that are delayed because of crisis. Either case I think profit margins are going to increase and net income.
Plus their Hong Kong location is an advantage compared to being in Japan during the current crisis.
Yes, Samsung is kicking some booty with sales..their Galaxy Tab is pretty cool too.
Biggest things for me are:
1. Huge insider ownership
2. Low Float
3. Cash on hand and growing revs
4. Up listing to NASDAQ
5. Under Radar and tiny market cap.
I think we go side ways a little bit before we move up again.
Looks like we got some sniper buys today.
http://ih.advfn.com/p.php?pid=trades&symbol=ACLO
So, you think the float has only a few million? great to here. I like this also ...Mr. Yang continued, "With the rise of tablet devices, consistent growth sales of mobile phones and continued demand in LCD TV's, we are expecting another strong year for Samsung in 2011."
I'm suprised to see the selling, but hope there remain to be good buying opportunities for a little while longer - still haven't freed up any funds yet for this.
Good buying opportunity today...got a few more shares today.
I like them too. A few weeks back when some volume came in I saw the MMakers scurry above a dollar. Pretty thin for sure so if you want to get in it might be best to time some buys or else this will skyrocket. LOL
Yeah, I saw that. That leaves very little in the float. Low-floaters are what I'm drawn to the most, and this could be one of the best yet.
I know its pretty crazy. If this even trades close to the valuations of other Semis, future 20 bagger is not out of the question longer term imo.
I think the CEO knows how undervalued this company is..plus he has a huge interest in seeing his shares rise. Nice to see the last few months they have increased their PRs as well.
Mr. YANG
Holdings
Total Number of Shares Held 22,380,000 Large Block Owners 1
Percent Shares Owned 77.80%
Percent Change in Ownership --
That makes sense. The NASDAQ uplisting should give the stock a nice boost. I can't belive what a low market cap it has for having that much annual revenue! I haven't bought into this yet, but need to free up some funds - this is a No-Brainer!
I think they have been resolved, they must have been doing that to get their ducks in a row for NASDAQ. Also I believe they brought this guy aboard to get things moving:
Mr. Alan Yang, Chairman and Chief Executive Officer of ACL Semiconductors, commented "We are extremely pleased to add Dr. Chu as an independent director to our board of directors. Joseph brings over 25 years of experience to our company and we feel that his industry insight and background will help us execute our long term strategies. We are in the process of applying for a transfer of our listing from the OTC to NASDAQ, and the addition of Dr. Chu to the board of directors will help us establish a board of directors comprised of a majority of independent directors and strengthen our corporate governance."
Any major issues with the past 10Ks being restated?
Definitely a sleeping giant imo. Samsung is having blockbuster sales and ACLO will benefit. Pretty insane market cap for a company doing over 400 million in revenues.
I think the float has got to be only a couple million. I am buying where I can for the long haul. Glad to see someone is taking notice here besides me...lol.
This one has my attention.
CEO Owns a nice chunk of shares, only 29 million in the o/s:
Name Shares Held Position Value % of Total
Holdings Outstanding
Shares Owned Investment Style
Yang (Chung-Lun) 22.4 M $11.2 M 100.00 97.20% Low
I think ACLO could do well as some Semi conductor plants are down. Could get interesting since ACLO is in Hong Kong.
Even if shipments of semiconductor parts affected by the quake were disrupted for only two weeks, shortages and their price impact were likely to linger until the third quarter, iSuppli said.
TOSHIBA, SONY, CANON PLANTS DOWN
Margins should improve dramatically:
Chip prices jump as Japan disaster hits tech supplies
On Tuesday March 15, 2011, 4:27 am EDT
By Miyoung Kim
SEOUL (Reuters) - Prices for key technology components extended gains on Tuesday, as damage at Japanese plants and infrastructure caused by Friday's devastating earthquake and tsunami threatens to disrupt the global manufacturing chain longer than many had expected.
Dozens of Japanese firms from component makers to electronics firms and automakers are keeping their plants shuttered, while damage to infrastructure including power, roads, rails and ports will take months to repair.
The prospect of prolonged supply disruptions sent global companies scrambling for alternative sources of high-tech components in particular, a sector where Japan is still a dominant player.
Research firm IHS iSuppli said the quake and its aftermath could result in significant shortages of some electronic parts and lead to big price hikes.
"While there are few reports of actual damage at electronic production facilities, impacts on the transportation and power infrastructure will result in disruptions of supply, resulting in the short supply and rising prices," iSuppli said.
"Components impacted will include NAND flash memory, dynamic random access memory (DRAM), microcontrollers, standard logic, liquid-crystal display (LCD) panels, and LCD parts and materials."
Spot prices of NAND flash chips extended their gains on Tuesday, rising nearly 3 percent after a 20 percent jump on Monday, while DRAM memory chip prices gained 0.2 percent on top of a 7 percent on Monday, according to price tracker DRAMeXchange.
Japan accounts for one-fifth of the world's semiconductor production, including about 40 percent of flash memory chips used in everything from smartphones, tablets to computers.
Even if shipments of semiconductor parts affected by the quake were disrupted for only two weeks, shortages and their price impact were likely to linger until the third quarter, iSuppli said.
TOSHIBA, SONY, CANON PLANTS DOWN
Demand for NAND flash memory chips has been surging, led by mobile devices and tablets such as Apple Inc's iPad 2, which is estimated to have sold almost 1 million units during its weekend debut.
Toshiba Corp, which supplies about one-third of the world's NAND flash memory chips, said it was still inspecting its System LSI factory in Iwate, the only one halted by the quake and tsunami and could not say when it might re-open.
The factory produces microprocessors and image sensors.
Fellow chipmaker Texas Instruments on Monday warned its two suspended plants would take until July to return to full production, though it had managed to re-direct 60 percent of their output to other sites.
Canon Inc said it may not be able to resume production at three factories making office equipment and lenses used in audio-visual players this week.
Sony Corp also said its eight factories making equipment ranging from optical devices, IC cards, blu ray discs, chip equipment and lithium batteries remained closed, with no guarantees on resuming date.
Taiwan's Wintek, which makes the touch module for the iPad 2, said it had more than two weeks of inventory left and the short-term impact was limited. However, a source at the company said it was using Japanese components and was looking for secondary suppliers.
"There are alternative sources for Japanese raw materials and Taiwan is also capable of producing many of the components that we are currently importing from Japan," said Luo Huai-jia, vice president of Taiwan's electrical and electronic manufacturer's association.
"We also have other sources such as France that we can tap if inventories tighten."
Raj Kumar, general manager of Singapore GLOBALFOUNDRIES, said most of the company's Japanese suppliers had alternative sources outside the country.
"We are not pushing them for updates, we have enough inventories," he said. "Japanese people have the best record in bouncing back and we expect them to bounce back."
Hynix Semiconductor Inc, the world's No.2 memory chipmaker, said it had around two months of wafer inventory but a prolonged disruption in supplies of wafers by major producers such as Shin-Etsu may interrupt its production schedule.
Shin-Etsu said on Tuesday it had restarted one factory near Tokyo, but two plants near the worst-hit areas remained closed and the company was unable to say when production will resume at the sites. It is trying to boost production elsewhere to make up the shortfall caused by the shutdown.
Analysts estimate Shin-Etsu is the biggest supplier for Hynix, offering more than 50 percent of the South Korean firm's wafer requirement.
"Since we have enough inventory, there'll be no short-term impact but as the situation gets worse and prolonged, it could have a wide-ranging impact to the overall industry because Japan is a major wafer supplier. We are diversifying supply sources to non-Japanese firms including Korean firms," said a Hynix spokesman.
Unlisted LG Siltron is a major silicon wafer supplier based in South Korea.
Chinese chipmaker SMIC said it saw minimal short-term impact from the disaster in Japan but was monitoring the supply situation.
STEEL TO SUFFER AS AUTO PRODUCTION SHUTS
Initial concerns that up to 20 percent of Japanese steelmaking capacity had been affected appeared overblown and steelmakers were instead likely to face major hits to demand as automakers shuttered production for days.
Toyota Motor, Honda Motor and Nissan Motor have closed dozens of plants in Japan.
Toyota plants in Thailand had also cut overtime production as it checked on the supply of parts, a spokesman at the world's top auto maker said.
Korean shipbuilder Hyundai Heavy Industries said the steel supply situation was better than market initially feared.
"We expect the steel plate supply to get back to normal within one month. Sumitomo, one of our Japanese suppliers, has the biggest problem among them, given bad logistics and part of production halt," a spokesman said.
"We already made an arrangement with local steelmakers for additional orders for emergencies. And we do have steel plate backlogs for two to four weeks."
Renault-Samsung, which produces Nissan-badged cars such as the Sunny and Almera sedans, said a protracted disruption in Japan could hit its sales, as Japanese parts account for around 10 percent of its total components imports.
"We have an inventory of two to three weeks. So far we are doing fine but should the crisis be prolonged, it would cause an emergency," a Renault-Samsung spokesman said. (Additional reporting by Ju-min Park and Hyunjoo Jin in SEOUL, Isabel Reynolds and Tim Kelly in TOKYO, Clare Jim in TAIPEI, Melanie Lee in SHANGHAI and Ploy Ten Kate in BANGKOK; Writing by Lincoln Feast; Editing by Anshuman Daga and Vinu Pilakkott)
Please note smallcap Chineese stocks under extreme selloff pressure as CCME poster child for group is possible scam:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60851584
Yeah, this stock is soooo under the radar doesn't seem to have much of a pattern with other China stocks. Very little volume and less than 20 watching on this board. Doesn't take much to move this as the CEO owns a boat load of the o/s. I think this will wake up soon, pretty undervalued here imo.
Saw that but China small caps are hit with waves of selling, as "shebboleth" CCME halted.
Full steam ahead for NASDAQ: ACLO
ACL Semiconductors Reports 31% Revenue Increase for Fourth Quarter 2010
- Momentum Continues into 2011 as Demand for Memory Products Remains Strong -
ACL Semiconductors On Monday March 14, 2011, 12:25 pm
HONG KONG, March 14, 2011 /PRNewswire-Asia/ -- ACL Semiconductors (OTC Bulletin Board:ACLO.PK.ob - News), a leading China-based distributor of Samsung memory components in Hong Kong and Southern China, reported unaudited financial results for the quarter ended December 31, 2010.
Quarterly Highlights:
•Net revenue up 31% year-over-year to $117.9 million
•Gross Profit up 157% year-over-year to $1.7 million
•Net loss decreased 68% to $24,874
•NAND Flash products capturing greater market share
Mr. Alan Yang, Chairman and Chief Executive Officer of ACL Semiconductors, commented, "The fourth quarter of 2010 demonstrated strong revenue growth, with our total revenue increasing 31%, as compared to the same period last year. These outstanding results reflect the success of our business model and the macro economic factors across Hong Kong and Southern China. Most importantly, Samsung wrapped up their best year of net sales, and has guided for a strong 2011. As a distributor of Samsung products, we are also expecting strong financial performance in 2011."
For the quarter ended December 31, 2010, ACL Semiconductors reported net revenue of $117.9 million, an increase from $90.3 million, or 31%, compared to the same period last year. The year-over-year revenue growth was primarily due to an increase of sales volume in the PRC market. Net loss for the quarter ended December 31, 2010 was $24,874, compared to net loss of $383,804 in the same period last year. The decrease in net loss resulted primarily from pricing pressure stabilization on our products as compared to the year ago quarter. Loss per diluted share was $0.07 for the quarter ended December 31, 2010, as compared to a loss of $0.10 in the same period last year.
Gross profit for the quarter ended December 31, 2010 was $1.7 million, up 157% from $653,721 for the quarter ended December 31, 2009, primarily due to our market share gains in NAND Flash distribution. Gross margin for the quarter ended December 31, 2010 was 1.4%, up from 0.7% as compared to the quarter ended December 31, 2009. The increase in gross profit and gross margin was mainly due to the increase in the average selling prices and market share gains.
Mr. Yang continued, "This is a very exciting time for ACL as we see 2011 as a year of opportunity. We continue to pursue initiatives to improve our internal financial performance and minimize unnecessary costs. Additionally, our efforts are in full gear for the transfer of ACL's stock listing from the OTC to the NASDAQ exchange. We also expect global market demand for our products to remain strong. We believe we are at the beginning of a long growth cycle in the NAND Flash, DRAM and Graphics RAM sectors and ACL is well positioned to be a leading distributor of Samsung memory components."
About ACL Semiconductors
ACL Semiconductors distributes electronic components under the "Samsung" brand name to the Hong Kong and South China markets. The memory chips are used in everything from mobile phones, digital cameras and laptop computers to MP3 players and Wi-Fi products. For more information about ACL Semiconductors please visit ACL Semiconductors' corporate website at http://www.acl-semicon.com.
I'm with you swampboots....Samsung is going to continue to grow and with everything going mobile with the increase in smartphones the memory cards are only going be bigger and much more needed. This is waaayy off the radar.
Trade
ACLO up 9 cents wake up youall closed at high fer day am i only one goin to take credit for this 25% move?
I'm not a long, but you might very wel be correct.
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The Company is one of the authorized distributors in the Hong Kong and southern region of the People’s Republic of China markets of memory products of Samsung Electronics Hong Kong Co., Ltd. ("Samsung"), a wholly-owned subsidiary of Samsung Electronics Co., Ltd., the world’s largest producer of memory chips and a global producer of memory products, pursuant to a distributorship agreement with Samsung (the "Distribution Agreement") since 1993. Atlantic was established as a Hong Kong corporation in May 1991 by Mr. Yang as a regional distributor of memory products of various manufacturers. In 1993, Samsung appointed Atlantic as its authorized distributor and marketer of Samsung’s memory products in Hong Kong and overseas markets. In 2001, Atlantic established a representative office in Shenzhen, China and began concentrating its distribution and marketing efforts in Southern China.
Since 1993, Atlantic has diversified its product portfolio to include all of Samsung’s memory products marketed under the "Samsung" brand name which comprise Dynamic Random Access Memory ("DRAM"), Double Data Rate RAM ("DDR"), Graphic Random Access Memory ("Graphic RAM"), NAND FLASH, NOR FLASH, and Multi-Chip Packing ("MCP"). Atlantic believes it is one of the largest and most successful distributors of Samsung memory products in Hong Kong and Southern China.
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The Company’s business objective is to build the best memory solutions platform for electronics manufacturers in the region. It also aims to offer updated market intelligence to Samsung in connection with the Hong Kong and Southern China markets’ demand in memory products and secure high-quality Samsung products in order to meet the market demands of individual and corporate users in Hong Kong and Southern China. The Company works closely with Samsung and presents Samsung with updated market information that its collects from retail channels and corporate users to assist Samsung to plan their production and allocation schedule in advance. The Company’s business strategy is to assist Samsung in implementing their production planning using market intelligence to balance the supply and demand of memory products in the Hong Kong and Southern China markets. Accordingly, the Company maintains and develops a sales and market research team to answer marketing questions from Samsung on a regular basis. In addition, the Company has established distribution channels covering retail outlets and major corporate users in the region which allows those retail or ultimate customers a secure stable supply of Samsung’s memory products with competitive prices. The Company is a non-exclusive distributor of Samsung, and enjoys a minimum guaranteed gross profit margin range of approximately 1.5% to 2% of products sold in form of sales rebate payable by Samsung.
Approximately 80% of the Company’s revenues are derived from sales of Samsung memory products. As of December 31, 2008, pricing for the Samsung memory products ranged from approximately $0.17 to $750 per product depending on the product specifications.The Distribution Agreement has a one-year term and contains certain sales quotas to be met by the Company. The Distribution Agreement has been renewed more than ten times, most recently on March 1, 2008. The Company has never failed to meet the sales quotas set forth in the Distribution Agreement.
History and Formation of ACLO
Incorporated in Delaware Sept. 17, 2002 as Print Data Corp., a wholly owned subsidiary of Print Data Corp., a Nevada concern (Print Data Nevada). Name changed to ACL Semiconductors Inc. Dec. 16, 2003. October 11, 2002, merged Print Data (Nevada), its former parent, with each Print Data (Nevada) Common share converted into one Common share and each Print Data (Nevada) Preferred share converted into five Common shares of the company, which continued as the surviving concern. Print Data (Nevada) was originally incorporated in Delaware Aug. 15, 1984, and on Sept. 13, 2001, merged Odyssey Capital Group, Ltd., a Nevada concern, which then changed its name to Print Data Corp. (Nevada) on that date. In the merger, shareholders of the Delaware concern received 7,500,000 Odyssey Capital Common and 642,576 Odyssey Capital Convertible Preferred shares. Concurrently, an additional 790,000 Odyssey Capital Preferred shares were issued to certain advisors and consultants as part of the merger transaction. Odyssey Capital Group, Ltd. was incorporated in Nevada June 26, 1987 as Dayton Filmcorp, and on July 8, 1987, merged World Energy Solar Technology Corp. (a Utah concern), with Dayton Filmcorp as the surviving corporation. Name changed to Universal Marketing and Entertainment, Inc. Nov. 10, 1994; and to Odyssey Capital Group, Ltd. May 11, 2001. September 30, 2003, issued 22,380,000 Common shares to acquire all shares of Atlantic Components Limited, a Hong Kong concern incorporated on May 30, 1991. In connection with the acquisition, the company conveyed the assets of its historic information supply business to New Print Data Corp., in exchange for 999,999 New Print Data Corp. Common shares. On Oct. 1, 2003, the company sold its entire holdings in New Print Data Corp. to holders of the company's Series A Preferred shares in exchange for cancellation of the company's outstanding 500,400 Series A Preferred shares, representing 100% of that outstanding series of Preferred.
Established in year 1991, after 3 years experience in memory IC business and other electronics components, we started as the Hong Kong Authorized Distributor of SAMSUNG Memory products. In 2002, we set up our Shenzhen Representative office to further expand the market share and to provide technical support to our end-customers in China region. SAMSUNG memory products include a large variety of types, such as DRAM, Synchronous DRAM, Graphic Memory, SRAM, Flash memory, MCP (Multi-chips package)... etc. which are applicable in the whole electronics field from the most complicated, high-end computer products to consumer products. Having over 15 years experience in electronics industry, Atlantic is specialized in providing professional knowledge to our end-customers. We are able to provide them tailored solutions and continued technological innovation that meet with the ever-changing market demands.
---------------------------------------------------------------------------------------------Authorized: 50,000,000 as of August 13, 2 Outstanding: 28,329,936 as of August 13, 2009 Float: The public float is 5.5 million shares
American Stock Transfer & Trust Company
59 Maiden Lane
New York, NY 10038
---------------------------------------------------------------------------------------------
Look at the Growth of the company over the last 5 years. This info below on the Quartly Report Information chart does not have their most recent 2Q(2009) Record report of $74,004,040. With a quaterly eps of .07
(The Company’s gross profit for 2009 2Q was $2,207,517, representing a 58% increase compared to $1,394,945 for 2008 2Q.)
Obviously ACLO is on track for a Record Year. Now you see why I'm surprized it's not trading over $1.00 already.
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