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CGPI inactive security. FINRA deleted symbol.
https://otce.finra.org/otce/dailyList?viewType=Deletions
Aug. 27,2019 CGPI FINRA reinstatement to the OTC:
https://otce.finra.org/otce/dailyList?viewType=Additions
April 26,2018 CGPI FINRA deleted symbol:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140353047&txt2find=cgpi
April 7, 2017 CGPI SEC Suspension:
https://www.sec.gov/litigation/suspensions/2017/34-80405.pdf
On the fence with Deloitte these days.
New CFO and posted cemetery license documents
Interesting things happening at CGPI:
They hired a new CFO, see PR below
They also further cooperated in GeoInvesting's investigation by posting their (valid) cemetery licenses including a verification letter from today at
https://cgpi.box.net/shared/ttfak2x913
Clear roads ahead, Maj? Looking forward to the report.
Highlights from Friday's CC ........
It was stated no further capital raises below $7.00 and it was also stated an upcoming announcement will be made with regards to upgrading to Big 4 auditing firm, anouncement to be made by fiscal year end 3-31-11.
CGPI ... E-Mail from IR ...
We are aware and the Company will provide comments shortly. Thank you.
Ted Haberfield
Executive Vice President
HC International, Inc.
Direct: 760-755-2716
Cell: 858-204-5055
Email: thaberfield@hcinternational.net
Website: www.hcinternational.net
Please access the following hyperlink for an important electronic communications disclaimer:
www.hcinternational.net/info/disclaimer
----------------------------------------------------------
From: xxxxxxxxxxxxxxxxx
Sent: Wednesday, January 19, 2011 2:51 PM
To: Ted Haberfield
Subject:
I`m a shareholder in China Redstone and I just ran across a rather disturbing report about the Company.
You can view it here:
http://geoinvesting.com/forums/yaf_postsm5140_We-have-opened-an-investigation-on-the-CGPI.aspx#singleMsg
I was just wondering if you are still the Company`s Investor Relations representative and if you were aware of this report.
Any comments you can offer would be appreciated.
Thanks,
xxxxxx
xxxxxxxxxxxxxxxxx
No virus found in this incoming message.
Checked by AVG - www.avg.com
Version: 8.5.449 / Virus Database: 271.1.1/3389 - Release Date: 01/19/11 07:34:00
On CGPI's Recreational Park
I posted this on yahoo about CGPI's plans to build a park:
Hi Mustrisa,
according the last 10Q:
"In February 2009, the Company recorded a prepayment related to a contract in the amount of $4,101,970 (7% of the contract), for the construction of entertainment boats. Chongqing Bo Goa Tourism Company (“Bo Goa”), an unrelated third party, and the Company were going to jointly develop the “Liang Jiang Yu” project. In September 2009, the Company took over as the sole developer on this project. This project includes development of a park near the Longqiao Lake as a way to attract more tourism in the Changshou area near the Company’s cemetery site. The scope of the project currently contemplates 10 to 20 entertainment boats, a welcome center, a large sailboat and nine docks. As of September 30, 2010, the Company’s total prepayment for this project is $8,682,600. The cost incurred with the project decreased by approximately $1,439,700 because construction costs was capitalized and moved into inventory. The total price of the contract is approximately $64,000,000."
So until now they have already spent 8,6 Mio out of 64 Mio $ for the total project. I would say that their park's sole intention is to provide long-term attractiveness to their whole area and therefore independent revenues after their cemetaries are at full capacity. So in the long-term, it's not the worst idea. I think, that this was more or less the reason they listed on the OTC, because at some point in the future they will definitely raise capital again.
What I don't like is, that they are already starting in spending all their cash on this project. I would rather see that they acquire other cemetaries and stick to their regular business. Or first collect some cash and then build the park in one go, but with clear plans what revenues and costs they expect, I haven't read anything on that matter.
So I think that they will definitely build that park, I just hope that they do it in an intelligent way, and don't raise capital at this low stock price. It's not the first time that a chinese small-cap has done that, without regards to us shareholders...
CGPI ...
From Seeking Alpha ...
"As a result, I expect that for full year FY 2011, China Redstone will beat its guidance both on the top line and the bottom line."
http://seekingalpha.com/article/242085-china-redstone-numbers-tracking-slightly-above-guidance?source=yahoo
newelong
Chart looking sexier and sexier each day.
Hi guys: Great update today re. the Oct numbers. # of plots sold and ASP both look very strong. We are also heading into their peak selling season. Here is a reprint of a reply to Gorilla I posted today on the CGS board re. some projection for the next 2 Q's:
yes, the October ASP of $7341 is way above the mid-range ASP of $5625 they used for calculating the guidance rev of 40MM for FY'11. Also the # of plots sold for the first 7 months (at 4223 plots) indicates a much stronger annual total than the 7100 total they used for guidance since peak season for them is Oct to Jan as you pointed out. Last year they sold about 60% of annual total in the second half. So I think they will revise guidance upwards with Q3 results.
Notwithstanding that seasonality factor, if I just extrapolate the results of the first 7 months to the fiscal year, I get about 7239 plot sales. Applying the Oct ASP for the second half FY sales, I get a rev estimate of 50.5M vs. guidance 40M. Using a conservative net margin of 40% (compared to 42% for Q2) for Q3 and Q4 and same fd as Q2, I get an eps of 1.54E for FY'11, comapred to their guidance eps of 1.45. This seems to be more in line with the bullish assessment of the PR:
"We have built very positive momentum through the first seven months of our fiscal year," began Mr. Yiyou Ran, Chairman and Chief Executive Officer of China Redstone. "Our customers' strong preference for premium plots reflects an emerging trend for the past few years. As incomes rise and demand for premium products exceed the available supply, sales of cemetery plots should remain robust."
CGPI ... E-mail from Investor Relations ...
From: "Ted Haberfield" <thaberfield@hcinternational.net
To: xxxxx xxxxxx
I cannot provide any information that has not been publicly discussed but it is a priority for the Company.
Ted Haberfield
Executive Vice President
HC International, Inc.
Direct: 760-755-2716
Mobile: 858-204-5055
Email: thaberfield@hcinternational.net
From: xxxxx xxxxxx
Sent: Wednesday, November 17, 2010 05:26 PM
To: Ted Haberfield
Subject: China Redstone Group
I`m a shareholder in China Redstone and I listened to the Company`s Conference Call, but didn`t hear anything about uplisting to NASDAQ. I thought they mentioned uplisting in the previous Conference Call. I`ve looked at the NASDAQ Global Market listing requirements and would think the Company meets these requirements. Any information you could offer to shed llight on this matter would be greatly appreciated, especially whether of not they still intend to uplist in the near future.
Thanks in advance for your help.
xxxxx xxxxxxx
newelong
CGPI huge earnings report!!
CHONGQING, China, Nov. 16, 2010 /PRNewswire-FirstCall/ -- China Redstone Group, Inc. (OTC Bulletin Board: CGPI) ("China Redstone" or the "Company"), the largest private provider of cemetery products and services in Chongqing, China, today announced the following correction to its press release issued today entitled "China Redstone Group Reports Second Quarter Fiscal Year 2011 Financial Results". The press release incorrectly stated that the Company generated GAAP and adjusted non-GAAP EPS of $0.36 for the second quarter of fiscal 2010. The correct EPS figure is $0.31 for both measures. The table on page one of the above-referenced press release should have shown the following.
Fiscal Second Quarter 2011 Results (unaudited)
Q2 2011
Q2 2010
CHANGE
Net Sales
$11.6 million
$6.7 million
+71.7%
Gross Profit
$7.1 million
$3.9 million
+83.0%
GAAP Net Income
Adjusted Non-GAAP Net Income
$4.7 million
$4.9 million (1)
$2.7 million
$2.7 million
+72.7%
+80.1%
GAAP EPS (Diluted)
Adjusted Non-GAAP EPS (Diluted)
$0.37
$0.39 (1)
$0.31
$0.31
+19.4%
+25.8%
Weighted Average Shares
12.7 million
8.8 million
+44.0%
(1)Excluding loss on change in fair value of warrants of $0.3 million for Q2 2011.
China Redstone Group, Inc.
China Redstone is a cemetery developer and provider of cemetery products and services in Chongqing, China, through its contractually controlled affiliate Chongqing Foguang Tourism Development (Group) Co., Ltd. Founded in 2002, the Company provides a complete range of funeral merchandise and services, including cemetery property, both at the time of need and on a preneed basis. Its cemeteries are highly regarded in terms of a number of factors such as tradition, reputation, physical size, capacity of business, available supply, name recognition, aesthetics and potential for development or expansion.
Safe Harbor Statement
Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions of equity markets. More information about the potential factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission.
SOURCE China Redstone Group, Inc.
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Abosolutely loaded with CGPI, where's the volume here? ER after close
Hmmm, I was forced to add to my position this week. "Investors" these days are traders and this really isn't a trading position.
It seems people are catching on to the Chinese pharma/health care plays that will benefit from the aging population but most have ignored what happens next.
Health care initiatives will result in more money in the pocket of the Chinese consumer. With a lot of past consumer savings related to planning for future illness, I see it only fit that some of these funds will now go into planning for a proper burial.
Maybe I'm oversimplifying but I can be patient with a valuation like this.
CGPI - China Redstone Group Recognized as One of the Top 100 Private Companies in China by the Chinese Government
Press Release Source: China Redstone Group, Inc. On Wednesday October 27, 2010, 3:44 pm EDT
CHONGQING, China, Oct. 27 /PRNewswire/ -- China Redstone Group, Inc. (OTC Bulletin Board:CGPI.ob - News) ("China Redstone" or the "Company"), the largest private provider of cemetery products and services in Chongqing, China, today announced it received two Certification of Honor awards at the 2010 China Private Enterprise Forum in Beijing (the "Forum"), jointly hosted by the Association of Chinese Private Entrepreneurs and the Chinese International Economic Cooperation Association (CIECA), both agencies of the Chinese central government.
China Redstone was given a Certification of Honor recognizing the Company as one of the top private enterprises in China for corporate integrity and economic contribution to its local community. Additionally, Mr. Yiyou Ran, Chairman and Chief Executive Officer, was the recipient of the Outstanding Private Entrepreneur award, given to only 100 Chinese entrepreneurs each year. The award ceremony was held at the Great Hall of the People.
The Forum is a prestigious three-day event held annually focusing on the future development of private enterprises in China, and included over 1,000 leaders of private enterprises, state leaders and council ministers in attendance this year.
"We are honored to receive these two awards," said Mr. Ran, "As one of the largest and most successful private cemetery service providers in Chongqing, we appreciate the recognition we have received from both the local and central government. We believe this will further enhance our brand and support healthy demand for our products. We would like to thank the Forum and its hosts for acknowledging our achievements."
China Redstone Group, Inc.
China Redstone is a cemetery developer and provider of cemetery products and services in Chongqing, China, through its contractually controlled affiliate Chongqing Foguang Tourism Development (Group) Co., Ltd. Founded in 2002, the Company provides a complete range of funeral merchandise and services, including cemetery property, both at the time of need and on a preneed basis.
Safe Harbor Statement
Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions of equity markets. More information about the potential factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission.
Contacts:
China Redstone Group, Inc.
Mr. Michael Wang, CFO
888-600-7955
OR
HC International, Inc.
Ted Haberfield, Executive VP
Tel: +1-760-755-2716
Email: thaberfield@hcinternational.net
China Redstone Announces Cemetery Plot Sales and Preliminary Revenues for Second Quarter Fiscal 2011
China Redstone Grp. (BB) (OTCBB:CGPI)
Intraday Stock Chart
Today : Thursday 14 October 2010
Click Here for more China Redstone Grp. (BB) Charts.
China Redstone Announces Cemetery Plot Sales and Preliminary Revenues for Second Quarter Fiscal 2011 -- Plot sales in Q2 FY2011 increased 70.2% year-over-year -- Average sales price per plot increased month-over-month each month in Q2 FY2011 -- Company on track to sell at least 7,000 plots in fiscal year ending March 30, 2011
PR Newswire
CHONGQING, China, Oct. 14
CHONGQING, China, Oct. 14 /PRNewswire-Asia-FirstCall/ --China Redstone Group, Inc. (OTC Bulletin Board: CGPI) ("China Redstone" or the "Company"), the largest private provider of cemetery products and services in Chongqing, China, today reported that it sold 1,726 cemetery plots for its fiscal second quarter ending September 30, 2010. The Company also announced that based on its preliminary estimates it expects revenue for its fiscal second quarter to be at least $11.8 million. This compares with revenue of $7 million reported for the second quarter of fiscal 2010, representing an increase of 69.3% year-over-year.
China Redstone sold 613 and 577 cemetery plots in July and August 2010, representing an increase of 56.8% and 34.5% from the same periods last year, respectively. The average selling price gained momentum throughout the quarter, increasing from $6,524 in July to $6,738 in August to $6,907 in September. The $6,800 average selling price for fiscal second quarter 2011 is approximately 2.0% higher than the average selling price for fiscal first quarter 2011 average and well above the $5,000-$6,250 forecast for the fiscal year ending March 31, 2011.
The following summarizes the Company's recent cemetery plot sales trends:
(Fiscal year ending March 30)
July 2010
August 2010
September 2010
FY11 YTD
FY11 Guidance
Cemetery Plot Sales
613
577
536
3,580
7,000
Average Sales Per Plot
$6,524
$6,738
$6,746
$6,613
$5,000-$6,250
"We continue to see very strong demand for our products, as evidenced by the 3,580 plots we sold in the first six months of fiscal 2011," stated Mr. Yiyou Ran, Chairman and Chief Executive Officer of China Redstone. "We are especially encouraged by our customers' preference for premium lots, which command selling prices 32.3% higher than non-premium lots. The combination of higher sales, no credit risk and limited working capital needs for our core business position us well to generate significant cash flow growth in 2011 and beyond."
Financial Outlook for Fiscal Year 2011
For the fiscal year ending March 30, 2011, management expects revenues of $40 million, GAAP net income of $19.5 million, and GAAP earnings per share of $1.45, representing an increase of approximately 9.6%, 59.8%, and 9.0%, respectively, from fiscal 2010. Guidance includes projected sales of approximately 7,000 plots sold during fiscal year 2011 with average selling prices of $5,000 to $6,250.
China Redstone will report its full financial results for its fiscal second quarter ending September 30, 2010 in November 2010.
China Redstone Group, Inc.
China Redstone is a cemetery developer and provider of cemetery products and services in Chongqing, China, through its contractually controlled affiliate Chongqing Foguang Tourism Development (Group) Co., Ltd. Founded in 2002, the Company provides a complete range of funeral merchandise and services, including cemetery property, both at the time of need and on a preneed basis. Its cemeteries are highly regarded in terms of a number of factors such as tradition, reputation, physical size, capacity of business, available supply, name recognition, aesthetics and potential for development or expansion.
Safe Harbor Statement
Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions of equity markets. More information about the potential factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission.
Contacts:
China Redstone Group, Inc.
Mr. Michael Wang, CFO
888-600-7955
OR
HC International, Inc.
Ted Haberfield, Executive VP
Tel: +1-760-755-2716
Email: thaberfield@hcinternational.net
yeah man, definitely one of the best out there imo. I'm kinda playing with it though, I sold some at today at a nice gain, hoping this drops down tomorrow so I buy back. IN AT 3.05
Just started looking at this yesterday and bought some earlier today.
Geez, based on guidance this nice little company's 2011 earning will be almost as much as their market cap minus working capital (note - no receivables).
And with a ton of plots to sell and increasing pricing, their growth prospects are very good.
6 down days in a row...feeling lucky tomorrow!
got my order filled @ 3...
Meant to say "up 15%"
Come get some!! Got some at 2.95...now no more going down, lol. In a couple of days this thing should be 15%
09/15/2010 250.000 $750.95 $2.98
09/15/2010 250.000 $750.95 $2.98
Day's low was 3.05...you couldnt have bought that low
it did and i got some @ 2.98 ;)
Man, it's not going below 3 bro...I won't allow it, lol
They increase revenues by 99.5% for fy 2010 but expect increase of only 9.6% in 2011?? I'm left to assume they are being very conservative in their estimates since they are expanding capacity for more plots. Why would they do this if they're only expecting 9.6% revenue growth in 2011? I think they will have a big earnings surprise come 2011.
China Redstone is well positioned to capitalize on growth in the death care industry," added Mr. Ran. "According to the National Population and Family Planning Commission of the PRC, the current annual death rate of Chongqing is 0.65% and it is predicted to go up to approximately 0.7% in the next three years. In the meantime, the population for the city keeps growing and the pace of urbanization has accelerated. Our cemetery is located in a highly sought after location outside of Chongqing with well-regarded "Feng Shui" overlooking a lake. With over 80% of our land still available for future development, and low infrastructure and operating costs, we expect to generate meaningful growth for years.
.
2011 fully diluted (e)EPS $1.45!
2011 (e)PER 2.41!
Cash $9.5m
Net Cash $7m
PR News was out 12 minutes after close.
Press Release Source: China Redstone Group, Inc. On Thursday July 15, 2010, 4:12 pm EDT
CHONGQING, China, July 15 /PRNewswire-FirstCall/ --
* FY 2010 revenues and adjusted net income exceed guidance
* Fourth quarter FY 2010 revenues increased 40.7% to $10.0 million; adjusted net income increased 72.3% to $3.8 million with adjusted EPS of $0.42
* FY 2010 revenue increased 99.5% to $36.5 million; adjusted net income increased 159.1% to $14.2 million, with adjusted EPS of $1.53;
* FY 2010 cash flow from operations was $9.5 million; and
* FY 2011 Guidance: Revenues of $40.0 million and net income of $19.5 million with EPS of $1.45.
* Management to host earnings call July 19 at 10:30 a.m. ET
regards
I always like to see you posting on a board of one of my top holdings..
pretty solid numbers for CGPI
CGPI.. $3.77
CHINA REDSTONE GROUP, INC.
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
For the year ended For the year ended
March 31, 2010 March 31, 2009
REVENUE
Cemetery $ 36,498,969 $ 17,647,785
Park construction services — 665,935
Total revenue 36,498,969 18,313,720
COST OF GOODS SOLD
Cemetery 17,565,765 9,445,153
Park construction services — 493,700
Total cost of goods sold 17,565,765 9,938,853
GROSS PROFIT 18,933,204 8,374,867
OPERATING E X P E N S E S
Selling expenses 196,945 426,415
General & administrative expenses 1,595,639 1,045,060
TOTAL OPERATING EXPENSES 1,792,584 1,471,475
INCOME FROM OPERATIONS 17,140,620 6,903,392
OTHER INCOME (EXPENSES)
Other income 427,510 255,893
Loss on change in fair value of warrants classified as derivatives (571,950 ) —
Interest expenses (235,240 ) (235,208 )
Interest income 24,546 6,361
Rental income, net 261,750 260,286
Non-operating expenses (12,642 ) (3,772 )
TOTAL OTHER INCOME (106,026 ) 283,560
INCOME BEFORE INCOME TAXES 17,034,594 7,186,952
INCOME TAXES (4,707,364 ) (1,689,693 )
NET INCOME $ 12,327,230 $ 5,497,259
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment 346,088 511,749
COMPREHENSIVE INCOME $ 12,673,318 $ 6,009,008
EARNINGS PER SHARE:
EARNINGS PER SHARE — BASIC $ 1.33 $ 0.62
EARNINGS PER SHARE — DILUTED $ 1.33 $ 0.62
WEIGHTED AVERAGE SHARES OUTSTANDING — BASIC 9,283,591 8,800,000
WEIGHTED AVERAGE SHARES OUTSTANDING — DILUTED 9,283,591 8,800,000
China Redstone Group, Inc. to Present at the Global Hunter Securities 2010 China Conference on July 13
China Redstone Grp. (BB) (OTCBB:CGPI)
Intraday Stock Chart
Today : Tuesday 6 July 2010
China Redstone Group, Inc. (OTC Bulletin Board: CGPI) ("China Redstone" or the "Company"), the largest private provider of cemetery products and services in Chongqing, China, today announced it will present at the Global Hunter Securities 2010 China Conference, being held July 11-13, 2010 in San Francisco, California. Presentation details are provided below:
Date:
Tuesday, July 13, 2010
Time:
1:00 PM PDT (Room 2)
Location:
The St. Regis Hotel, San Francisco
Presenter:
Mr. Michael Wang, Chief Financial Officer
Conference participation is by invitation and registration is mandatory. For more information on the conference, contact Global Hunter at 949-274-8050 or go to chinaconf@ghsecurities.com .
About Global Hunter Securities
Global Hunter Securities, LLC is a full service investment bank focusing on middle market corporate and institutional clients around the world. The firm provides insightful research, innovative capital raising and financial advisory and restructuring services supported by a sales and trading staff with world-wide reach. Global Hunter has offices in San Francisco, Los Angeles, New York, Houston, New Orleans, Newport Beach and Hong Kong, as well as a strong presence and reputation in mainland China. For more information about Global Hunter, please visit http://www.ghsecurities.com.
China Redstone Group, Inc.
China Redstone is a cemetery developer and provider of cemetery products and services in Chongqing, China, through its contractually controlled affiliate Chongqing Foguang Tourism Development (Group) Co., Ltd. Founded in 2002, the Company provides a complete range of funeral merchandise and services, including cemetery property, both at the time of need and on a preneed basis. Its cemeteries are highly regarded in terms of a number of factors such as tradition, reputation, physical size, capacity of business, available supply, name recognition, aesthetics and potential for development or expansion.
Safe Harbor Statement
Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions of equity markets. More information about the potential factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission.
Contacts:
China Redstone Group, Inc.
Mr. Michael Wang, CFO
888-600-7955
Or
HC International, Inc.
Ted Haberfield, Executive VP
Tel: +1-760-755-2716
Email: thaberfield@hcinternational.net
SOURCE China Redstone Group, Inc.
Company website
http://chinaredstone.com/
This company guided for $0.9 eps for the year ended in March 2010 and $1.2 for the following year ... seems like it's gotten silly cheap below $4. 10K should be coming out in the near future, as well.
CGPI.OB
The business seems promising and it is ready for a NASDAQ lifting. It is trading at a forward PE of 5X. However, in their recently S1 filling, all the 24 PIPE investor are selling ALL of their shares owned. This makes me wondering. Why don't they want to keep at least part of their shares if the business is growing and the valuation is cheap.
I called CFO, Michael Wang, of CGPI and left a message. I just got a call back from Ted Haberfield at HC International Inc. (CGPI IR firm). I was told that deliquent was an error. CGPI will be back to the normal listing imminently.
Northern
Cheers Burp - I might ask IR about it anyway.
rich
CGPI - where did you get this deliquent information from?
This like says the last period was from 31 st March 2010
http://finance.yahoo.com/news/China-Redstone-Group-Inc-prnews-2449895868.html?x=0&.v=1
Non-accelerated fillers (which I assume this is) have until Mid May.
10-Q: for Quarterly Period Ended 03/31/10 due Monday, May 17, 2010
rich
IR Contacts - saving info as ticker change can cause loss of info
Contacts:
China Redstone Group, Inc.
Mr. Michael Wang, CFO
888-600-7955
OR
HC International, Inc.
Ted Haberfield, Executive VP
Tel: +1-760-755-2716
Email: thaberfield@hcinternational.net
rich
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APBS ARTISTRY PUBLICATIONS, INC. to change name to China Redstone Group any day now
Cemetery Operations
We conduct our cemetery operations only in Chongqing, China. As of March 31, 2009, we have two cemeteries, Guiyuan I and Guiyuan II. The cemetery operations are managed by a team of experienced death care industry and sales professionals. During the year ended March 31, 2009, cemetery revenues account for approximately 96% of our total revenues.
Our cemetery products and services include interment services, the rights to interment in cemetery sites (including grave sites, mausoleum crypts and niches) and related cemetery merchandise such as memorials and vaults. Cemetery operations generate revenues through sales of interment rights and memorials, installation fees, and fees for interment services.
On February 12, 2010 (the “Closing”), Artistry Publications, Inc., a Delaware corporation (“Artistry” or the “Registrant”), closed a reverse take-over transaction by which it acquired a private provider of cemetery products and services in Chongqing, People’s Republic of China (“PRC” or “China”) pursuant to a Share Exchange Agreement
[chart]stockcharts.com/c-sc/sc?s=CGPI&p=D&b=5&g=0&i=0&r=5077[/chart]
Section 3.18 Exchange Listing . The Company use its best efforts to list and trade its shares of Common Stock on the Nasdaq Capital Market or the Nasdaq Global Market or any successor market thereto (collectively, “ Nasdaq ”), or NYSE Amex or any successor market thereto (together with Nasdaq, each a “ National Stock Exchange ”) at the earliest possible time it meets the listing requirements for listing on such National Stock Exchange and shall take all commercially reasonable actions to fulfill the said requirement by no later than the date which is [six months] after the Closing Date. Which is FEB 24th/09[[b}
Company states no offerings until uplisting. When uplisted they will do an offering of 10 million dollars for future growth.
Income statement data:
Three Months Ended
December 31, 2009
Revenues 11,403,585
Cost of Goods Sold 5,339,808
Gross Profit 6,063,777
Total Operating Expenses 643,198
Income from Operations 5,420,579
Total Other Income 150,451
Earnings Before Tax 5,571,030
Income Tax (1,414,552 )
Net Income 4,156,478
For the three months ended December 31, 2009, cemetery revenues increased by $9,433,633 or 478.88%
Nine Months Ended
December 31,
Net Income 10,044,238
Company is being conservative with projection of earnings. O/S 13.4 million. Net income will be 13 to 15 million net for the FY 2009. Meaning .97 (low end) to 1.12 EPS (high end) for 2009. Which would give it a PE from 4.1 to 4.85. At this time.
Average PE in this industry is 16.8 once uplisted.
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