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Last Post: 12/11/2019 1:42:59 PM - Followers: 24 - Board type: Free - Posts Today: 0

Global Innovative Reports Fiscal Second Quarter Results Global Innovative Systems Inc. (OTCBB: GBSY) disclosed on a Form 10-QSB filed with the U.S. Securities and Exchange Commission on December 13, 2006 its results for its fiscal second quarter ended September 30, 2006. Global Innovative reported second quarter revenue of $6,585,429, a 1009% increase from the $593,811 reported a year ago. Second quarter revenues also increased 243% over first quarter results. Revenue for the six months ended September 30, 2006 totaled $8,503,943, as compared to $1,623,907 for the same period in 2005. Gross profit of $2,048,677 was reported for the second quarter, compared with gross profit of $109,756 in the second quarter of 2005, which represents a 1766% increase. Gross profit for the six months ended September 30, 2006 totaled $3,314,045, a 236% increase over the $985,323 of gross profit for the same period in 2005. Net income of $1,117,504 was reported for the second quarter, compared with a net loss of $538,541 in the same period a year ago. Net income for the six months ended September 30, 2006 totaled $894,550, compared with a net loss of $524,054 for the same period in 2005. "It was a solid quarter in all respects," said Bondy Tan, President and CEO of Global Innovative. "Our revenues have increased dramatically year-over-year and quarter-over-quarter, supported by strong results from our recent acquisitions in the lighting products and services segment. We have rapidly established a strong position in the provision of lighting products and services within our key markets of Hong Kong, Macau, China and Singapore, and we look forward to continuing the strong sales momentum we have created over the past few months. Our organization executed well during our second quarter, which also enabled us to turn the corner into positive earnings." Continued Mr. Tan, "Our wholly owned subsidiary, Lightscape Technologies (Macau) Ltd., successfully completed a major, multi-phase lighting solutions project for the Galaxy StarWorld Hotel and Casino in Macau during our fiscal Q2. The showpieces of the project are the large outdoor and indoor high resolution LED video walls. The LED video walls are controlled by our proprietary software, the AI-One Multimedia and Video Show Control System, licensed to the casino owner. This software enables the walls to display creative lighting effects in various patterns and colors, transforming the casino into an architainment landmark in Macau. Based on the influx of new enquiries Lightscape Technologies (Macau) Ltd. has received since the Galaxy StarWorld Hotel and Casino opened in October 2006, we expect that our work will serve as a springboard to additional lighting contract opportunities with other casino developments in Macau. As evidence of this, Lightscape Technologies (Macau) Ltd. has been invited by Galaxy Entertainment Group Limited to submit a bid to provide lighting solutions for its next major project, the 1,500-room luxury hotel and casino Galaxy Cotai Mega Resort in Macau." Concluded Mr. Tan, "We are pleased with our performance in our fiscal Q2 ended September 30, 2006, and we look forward to delivering additional world-class lighting solutions to major developments during the remainder of our fiscal 2007." About Global Innovative Global Innovative Systems Inc. (OTCBB: GBSY) delivers customized energy management solutions, lighting products, innovative lighting solutions and construction services. Since 1999, over 100 commercial, industrial, government and multi-residential clients have benefited from Global Innovative's solutions. Through wholly owned subsidiary Tech Team Holdings Limited, Global Innovative provides total energy management products and solutions, which optimize energy consumption, lower costs, and enhance competitiveness for clients. Through subsidiary Beijing Illumination (Hong Kong) Limited, Global Innovative manufactures and sells HID (High-Intensity Discharge) lighting products and Ultra High-Pressure Mercury Lamps. Through wholly owned subsidiary Lightscape Technologies (Macau) Ltd., Global Innovative provides full service lighting design solutions including LED video walls, interior set design and fabrication, computer-controlled special effects, intelligent lighting, laser and multimedia technologies. Through joint venture subsidiary Pro Shing Construction Team Macau Limited, Global Innovative provides a comprehensive range of design and build services for major development projects, including site foundation construction, building construction and fitting-out work. Our headquarters are in Hong Kong, and we have offices in Singapore, China, Macau and Canada.
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PostSubject
#272   Another Green Day for $LTSC Dr G Bucks 12/11/19 01:42:59 PM
#271   Can you share your DD? Barfly3718 12/11/19 11:22:22 AM
#270   Moves so easily with the littlest amount of volume OldJames 12/11/19 11:21:22 AM
#269   Got a few here, has the look of timmage 12/11/19 10:48:27 AM
#268   Nice action this morning! Barfly3718 12/11/19 10:27:35 AM
#267   $LTSC: OHhhhhhhhhh yes we do........ $0.0139 on the go makinezmoney 12/11/19 09:50:26 AM
#266   Whoa damn. Nice to see some action here again OldJames 12/10/19 06:54:55 PM
#265   looks like we have a winner here. T4KingOff 12/10/19 06:40:03 PM
#264   Wow! Richard Chiang listed as advisor! Barfly3718 12/10/19 04:22:36 PM
#263   $LTSC really blowing Up on this! Dr G Bucks 12/10/19 03:45:43 PM
#262   Oops wrong link https://www.nasdaq.com/market-activity/ipos/overview?dealId=972 itsthebox1 12/10/19 03:42:54 PM
#261   Ceo of 2/2 http://bit.ly/dose587 itsthebox1 12/10/19 03:41:59 PM
#260   Getting some action itsthebox1 12/10/19 03:38:16 PM
#259   New President: Andrew Khor Poh Kiang FergusVI 12/10/19 03:33:43 PM
#258   Wake up Lie Chen itsthebox1 10/20/19 12:04:19 AM
#257   silly gap on $LTSC, .0061/.0119 RobbinGood 02/25/19 09:21:57 AM
#256   Gooood morn! RobbinGood 02/25/19 08:56:44 AM
#255   Thanks Aquahoya 02/24/19 08:08:30 PM
#254   10-4, I keep it on the radar also, thanks RobbinGood 02/24/19 08:05:42 PM
#253   It's going to move up to RGLG level Aquahoya 02/24/19 08:04:23 PM
#252   No prob, this will get pushed around a RobbinGood 02/24/19 08:03:08 PM
#251   Chiang's $CNHC ran to .095 on 30 mil RobbinGood 02/24/19 08:01:56 PM
#250   Thank you! Aquahoya 02/24/19 07:51:25 PM
#249   Its on my watchlist. Cant get in yet, Aquahoya 02/24/19 07:51:10 PM
#248   10-4 thanks Aqua RobbinGood 02/24/19 07:50:45 PM
#247   Fact: No dilution, 131 OS, 33 mil Float RobbinGood 02/24/19 07:49:48 PM
#246   No argument. Just was checking on that website. Aquahoya 02/24/19 07:48:49 PM
#245   Fact: Still owned by Richard Chiang and a RobbinGood 02/24/19 07:47:49 PM
#244   Website hasnt been updated since April of 2018. Aquahoya 02/24/19 07:10:43 PM
#243   10-4 thank you RobbinGood 02/24/19 07:04:44 PM
#242   That website is the old website, before Chiang adijas 02/24/19 07:03:51 PM
#241   adijas, on OTCMarkets, how long has the logo RobbinGood 02/24/19 06:45:56 PM
#240   Let us push it over 2 cents Maple tree 02/24/19 05:05:46 PM
#239   That's true! adijas 02/24/19 02:37:26 PM
#238   Correction, he wasn't newly added, but Richard Chiang RobbinGood 02/24/19 02:27:45 PM
#237   As I posted before, that's not true. Chiang adijas 02/24/19 02:23:26 PM
#236   I put the dd on twitter ;-) $LTSC RobbinGood 02/24/19 01:52:56 PM
#235   $LTSC Outstanding shares: 131,768,268 Float: 33 million RobbinGood 02/24/19 01:04:57 PM
#234   $LTSC Catalyst! Richard Chiang was added as RobbinGood 02/24/19 12:47:29 PM
#233   Looks like $LTSC had a good day Friday. Nyouknowme 02/23/19 11:48:28 PM
#232   Loaded today! Ready for the real run next week! Rip city 02/22/19 08:20:09 PM
#231   Looking forward to it MOOZKNUCKLE 02/22/19 05:01:20 PM
#230   JMM & all, Enjoy! Good times ahead! RobbinGood 02/22/19 04:03:58 PM
#229   You too JM OldJames 02/22/19 04:03:16 PM
#228   Have a great weekend everybody JMMatthews 02/22/19 04:02:31 PM
#227   got my average down nicely, beauty! RobbinGood 02/22/19 03:20:13 PM
#226   itsinthebox, nice info ;-) RobbinGood 02/22/19 03:18:47 PM
#225   Giving out gifts here in the .006's, maybe RobbinGood 02/22/19 03:16:34 PM
#224   No problem, I'm here since the reinstatement, so adijas 02/22/19 03:13:37 PM
#223   Thanks for the clarification adijas. Always nice to zen222 02/22/19 03:10:36 PM
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