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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
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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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