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SOYO Earnings
A pretty rare find on the OTCBB. SOYO Group earns $0.01 versus losing $0.025 on decreased revenues, decreased expenses, and higher margins.
Starting last Fall this company announced it was going to be moving into higher margin consumer electronics products, and they've done exactly as they've stated. It looks as though they've bailed on some razor thin products and have since added VOIP, flat panel LCD monitors, and now flat panel HDTVs. I like where this company is headed, and has been very well supported in this mid $0.70 range for several months now.
Today's earnings release:
http://biz.yahoo.com/bw/050816/165292.html?.v=1
SOYO Announces Earnings Today
A pretty rare find on the OTCBB. SOYO Group earns $0.01 versus losing $0.025 on decreased revenues, decreased expenses, and higher margins.
Starting last Fall this company announced it was going to be moving into higher margin consumer electronics products, and they've done exactly as they've stated. It looks as though they've bailed on some razor thin products and have since added VOIP, flat panel LCD monitors, and now flat panel HDTVs. I like where this company is headed, and has been very well supported in this mid $0.70 range for several months now.
Today's earnings release:
http://biz.yahoo.com/bw/050816/165292.html?.v=1
SOYO Earnings
A pretty rare find on the OTCBB. SOYO Group earns $0.01 versus losing $0.025 on decreased revenues, decreased expenses, and higher margins.
I really love this company. Starting last Fall they announced they were going to be moving into higher margin consumer electronics products, and they've done exactly as they've stated. Management is seriously executing on this business plan.
It also looks like they've bailed on some razor thin margin products as well. I like where this company is headed, and it has been very well supported in this mid $0.70 range for several months now.
The analyst report prepared several months ago stated that 2005 could be a break-even or slight profit year, but all of this was the setup for a profitable 2006. Well, if they keep going at this rate, it looks as though they will have a small profit this year. A very accurate analyst report. Reliable.
Glad to see the company doing what it told us it was going to do. It is definitely paying off. Go SOYO!!
Yahoo Message Board
Looks like Yahoo Finance finally got a message board online for CESV.
http://finance.yahoo.com/q/mb?s=CESV
Go CESV!!
Float
Looks like the new number is roughly the difference from the 1.8 million number which we had previously been using is approximately the same as the recent shares registered by Richardson & Patel LLP, Christina Strauch, and Robert H. Korndorffer.
GLW and SOYO
Just mentioning that GLW, who manufactures much of the glass used in LCD monitors and TVs is citing what looks like a very good future for the sale of flat panel televisions. A good indicator for SOYO.
Flat Panel Discussion (SOYO)
From a very current discussion on Jim Cramer's RealMoney about LCDs and Flat Panels. The major players in the space are GLW (Corning), TXN, AUO, Sony, Samsung:
With optic cable sales sluggish in China and the company lagging in the
"fiber to the home" market, the prospects for the third quarter are
riding on increased sales of liquid crystal display, or LCD, monitors and
TVs.
"There's no robustness in telecom and the emissions business is "flattish", so it comes down to the display business." Corning CFO James Flaw said in an interview late Tuesday after the company posted solid second quarter results.
Corning makes the glass that LCD panel makers fashion into computer monitors
and flat panel TVs. "With LCD monitors now accounting for 67% of computer screen sales," Flaw continues, "the next segment poised for growth is LCD TVs."
"We are focused on televisions this quarter," says Flaws, who predicts a
sequential sales increase for the display business of between 10% and 20%.
"We are very pleased with how the prices have come down on televisions, down
40% in the past year," says Flaws. In Corning's view, lower TV prices equate
to higher sales volumes and greater demand for more glass.
Taking the big picture view, Flaws says he expects total LCD glass
volume to increase "north of 50%" this year, compared to last year's total.
Flat Panel Discussion (SOYO)
From a very current discussion on Jim Cramer's RealMoney about LCDs and Flat Panels. The major players in the space are GLW (Corning), TXN, AUO, Sony, Samsung:
With optic cable sales sluggish in China and the company lagging in the
"fiber to the home" market, the prospects for the third quarter are
riding on increased sales of liquid crystal display, or LCD, monitors and
TVs.
"There's no robustness in telecom and the emissions business is "flattish", so it comes down to the display business." Corning CFO James Flaw said in an interview late Tuesday after the company posted solid second quarter results.
Corning makes the glass that LCD panel makers fashion into computer monitors
and flat panel TVs. "With LCD monitors now accounting for 67% of computer screen sales," Flaw continues, "the next segment poised for growth is LCD TVs."
"We are focused on televisions this quarter," says Flaws, who predicts a
sequential sales increase for the display business of between 10% and 20%.
"We are very pleased with how the prices have come down on televisions, down
40% in the past year," says Flaws. In Corning's view, lower TV prices equate
to higher sales volumes and greater demand for more glass.
Taking the big picture view, Flaws says he expects total LCD glass
volume to increase "north of 50%" this year, compared to last year's total.
Flat Panel Discussion
Current discussion on Jim Cramer's RealMoney about LCDs and Flat Panels. The major players in the space are GLW (Corning), TXN, AUO, Sony, Samsung:
With optic cable sales sluggish in China and the company lagging in the
"fiber to the home" market, the prospects for the third quarter are
riding on increased sales of liquid crystal display, or LCD, monitors and
TVs.
"There's no robustness in telecom and the emissions business is "flattish", so it comes down to the display business." Corning CFO James Flaw said in an interview late Tuesday after the company posted solid second quarter results.
Corning makes the glass that LCD panel makers fashion into computer monitors
and flat panel TVs. "With LCD monitors now accounting for 67% of computer screen sales," Flaw continues, "the next segment poised for growth is LCD TVs."
"We are focused on televisions this quarter," says Flaws, who predicts a
sequential sales increase for the display business of between 10% and 20%.
"We are very pleased with how the prices have come down on televisions, down
40% in the past year," says Flaws. In Corning's view, lower TV prices equate
to higher sales volumes and greater demand for more glass.
Taking the big picture view, Flaws says he expects total LCD glass
volume to increase "north of 50%" this year, compared to last year's total.
Love this company
Small. Agile. Quick. They can capture some real market share here because I believe they can move more quickly than their competition because there are very few people involved in making final decisions. I love small companies that know how to make money. Their affiliate program is an excellent idea, and I think it's really going to work nicely for them. Go VMHVF!
SOYO
I like how they execute to. They announced some time ago that they were moving into the CE space, and look what they've done. Nice flat panel LCDs, and now it looks like very nice flat panel HDTVs. They just keep making all the right moves. I don't see how they can continue trading at these levels for much longer.
Very nice job, SOYO management! Go SOYO!
SOYO
Wow. I think this board had gone the way of the dinosaur...LOL. Glad to see it so active again. Been a while since I've posted here.
SOYO posted pretty good news this morning about Amazon now selling it's flat panel HDTVs. That's pretty sweet. The product looks excellent and of course Amazon has a pretty massive following. I think I'd actually like to get me one of those 32" panels to use as a monitor/TV.
Here's a link to their news: http://biz.yahoo.com/bw/050728/285131.html?.v=1
Go SOYO! (and GO Swing Trade Forum!)
SOYO
Thought you might all like to take a look at SOYO Group. They announced today that Amazon is now selling their flat panel HDTVs. Not to bad of a deal. I've been in this stock for a while (since about .14) and really like this company. Defninitely worth checking out. Possibly ready to break out on this kind of news.
Today's News: http://biz.yahoo.com/bw/050728/285131.html?.v=1
SOYO iHub Board: http://www.investorshub.com/boards/board.asp?board_id=3007
Go SOYO!
First time poster
Hi. I have been around iHub for a while now, posting mostly on the boards for individual companies. I like the format here. There are some bright shining stars on the pinks and otc, and definitely money to be made. I wanted to bring two companies to everyone's attention.
SOYO - Soyo Group just announced that Amazon will be selling the HD-Ready Televisions. That news hit this morning. I've been in this stock since around $0.14 and believe the company is making some very savvy moves, and basically doing all the right things. Definitely worth checking out.
Soyo News: http://biz.yahoo.com/bw/050728/285131.html?.v=1
Soyo iHub Board: http://www.investorshub.com/boards/board.asp?board_id=3007
VMHVF - Video Movie House just moved from the pinks to the otc this morning, and has been very well received so far. They've been a fully reporting company since day one, did over $3.5 million in sales last year, just announced the entrance into the online DVD rental space, and are profitable. Also definitely worth checking out.
VMHVF News: http://biz.yahoo.com/pz/050727/82843.html
Anyway, I like this board. Have been reading through a lot of posts here lately, and I like the info I read and being shared here. Continued success to everyone!
CESV News
China Energy Savings Appoints New Chief Financial Officer
Monday July 11, 9:00 am ET
Adds New Directors to Board
HONG KONG, July 11 /Xinhua-PRNewswire/ -- China Energy Savings Technology, Inc. (Nasdaq: CESV - News) announced that effective July 1, 2005, Mr. Lawrence Lok Yuen-Ming ("Mr. Lok") was appointed as a member of the board and was also appointed as the Chief Financial Officer of the Company, and Ms. Pang Jing-Wen (''Ms. Pang'') was appointed as a member of the board of directors of the Company and was also appointed as a member of the Registrant's audit committee.
Mr. Lawrence Lok Yuen-Ming, age 45, is the Chief Financial Officer of China Energy Savings Technology, Inc. Mr. Lok received his Master's Degree in Economics (majoring in Professional Accounting) from Macquarie University, Sydney NSW Australia in 1989. Mr. Lok is an Australian chartered accountant and has over 20 years experience in professional accounting and finance. He has previously served as a director in Australia and Hong Kong publicly listed companies. Since 2000, Mr. Lok has been the Chief Executive Officer and an Executive Director of CSI Investment Management Limited, a Hong Kong Securities and Futures Commission registered investment advisor. Ms. Pang Jing-Wen, age 41, is an Assistant Certified Public Accountant in China. She earned her bachelors degree from the Renmin University of China, majoring in Statistics. She has over 10 years experience in financial management. For the past three years Ms. Pang has been working with Win's Technology Development Limited (''Win's) as its Treasurer in Beijing, China. Prior to joining Win's, Ms. Pang worked with the Beijing office of Asia Trading Ltd. of Japan as an accounting manager from 1999 to 2002.
Mr. Sun Li, Chairman and CEO of China Energy Savings Technology said, ''Mr. Lok's 20 years as a chartered accountant in Australia and Hong Kong, as well as a chief executive in the public sector brings a tremendous amount of proficiency and capability to our Chief Financial Officer position. Ms. Pang's expertise and experience in matters of financial management and corporate treasury with foreign companies are an excellent addition to our Board, particularly to that of our Audit Committee. We're pleased to welcome both into the Company.''
Also effective July 1, 2005 Mr Dennis Yu Won-Kong, Mr Poon Kam-Wah, Mr Li Shilong and Mr Lee Kam Man are resigning as directors.
Mr. Sun continued, ''Both Mr Yu and Mr Poon resigned of their own accord due to their failure to fully devote to the Company. Mr Yu is the director of another Hong Kong-listed company while Mr Poon has been busy with his own accounting business. Mr Li Shilong and Lee Kam Man were advised to resign in order to meet NASDAQ compliance of majority independent directors. We thank Mr Dennis Yu Won-Kong, Mr Poon Kam-Wah, Mr Li Shilong and Mr Lee Kam Man for their contributions to our company and wish them every success in their new ventures.''
All the current members are of post-secondary educational background and are fully devoted to the Company in daily operation. The above changes are aimed at strengthening the Company's management and governance in the best interest of the shareholders.
CESV News
China Energy Savings Technology Selected to Join the Halter USX China Index
Tuesday July 5, 9:00 am ET
HONG KONG, July 5 /Xinhua-PRNewswire/ -- China Energy Savings Technology, Inc. (Nasdaq: CESV - News) announced today that it has been chosen to join the Halter USX China Index (HXC). The Halter USX China Index comprises companies publicly traded in the United States, but with a primary business focus in the People's Republic of China. Including the Company, there are 49 public companies currently comprising the Halter USX China Index.
While the Halter USX China Index has a symbol so that it can be tracked by the investment community, it does not currently trade on any exchanges. However, an agreement exists with Powershares, a leading provider of Exchange Traded Funds (ETFs), allowing them to base a new ETF around the Halter USX China Index. The new ETF will be called the Powershares Golden Dragon Halter USX China Index Portfolio (AMEX: PGJ - News)
''Our addition to the Halter Index serves as further recognition of our development in China in terms of our net asset value, net income, earning per share, technology, energy cost saving in China and the growth prospect of our Company,'' said Mr. Sun Li, CEO and Chairman of China Energy Savings. ''Our potential for significant growth, based on our ability to help China address rising energy costs, makes us a relevant addition to this Index.''
For the second quarter of 2005, the Halter USX China Index was up 4.57%. During the same period, the Dow Jones Industrial Average decreased 1.84% and the Nasdaq was down 0.54%. This is a manifestation of the rapid growth and development of the Chinese enterprises added to this index.
Shortly after the Company was added to the Russell 2000 Index and Russell 3000 Index on June 24, 2005, it is added to the Halter USX China Index, which is recognition of the accomplishment of the Company.
About China Energy Savings Technology
China Energy Savings Technology, Inc., through its subsidiary, Starway Management Limited which in turn holds 100% interest of its energy savings subsidiary in China, engages in the development, manufacture, sale, and distribution of energy-saving products for use in commercial and industrial settings in the People's Republic of China. According to test reports by various PRC authorities including the National Center of Supervision & Inspection on Electric Light Source Quality (Shanghai) issued in September 2002, Shenzhen Academy of Metrology & Quality Inspection issued in December 2002 and approved by the State Quality Supervision Inspection Department, the energy saving products of Starway's subsidiaries may provide energy saving rates ranging from approximately 25% to 45%. The energy saving projects conducted by Starway's subsidiaries mostly relate to public or street lighting systems, government administration units, shopping malls, supermarkets, restaurants, factories and oil fields, etc. There are small and large-scaled projects: the small-scaled projects relate to restaurants, shops, small arcades, offices and households through the sale of equipment, and the large- scaled projects relate to large shopping malls, supermarkets, factories and public bodies through the provision and installation of equipment over a term usually extended for years. With the world's energy crisis as the backdrop, and global oil prices breaking record highs, China's own crisis is growing not only in size, but in concern as well. Coal prices and energy consumption in China are also at all-time highs. For these reasons, the company's products are widely used and highly recommended in China because of the huge energy market and the excellent prospect of energy savings.
About the Halter USX China Index
The Index, created by the Halter Financial Group and calculated and distributed by the Amex, is comprised of companies whose common stock is publicly traded in the United States and the majority of whose business is conducted within the People's Republic of China. The Halter USX China Index was created in response to the unique economic opportunities taking place in China, as well as the current dynamics in the United States capital markets. While there is strong demand for Chinese equity, U.S. investors still seek and prefer the transparency offered with a U.S. listing. For a company to be included in the Halter USX China Index it must conduct a majority of its business in China, maintain an average market cap of over $50 million for the preceding 40 trading days, trade on the NYSE, Amex or NASDAQ and be approved by USX Selection Committee. Investors can buy the Index by investing in an exchange traded fund (ETF), the PowerShares Golden Dragon Halter USX China Portfolio (PGJ). For more information please visit www.usxchinaindex.com.
Safe Harbor Statement
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings.
For more information, please contact:
John Roskelley, President,
First Global Media
Tel: +1-480-902-3110
Web: http://www.cesv-inc.com
Email: contactus@cesv-inc.com
Source: China Energy Savings Technology, Inc.
Russell Index
I'm basing my comment on the final Index lists not being published until 4:00pm PDT on July 1, 2005.
As for the 400,000 plus shares on Friday, I haven't a clue.
Another thought
Does lowered earnings from last year mean the company's growth this year is actually higher? I'm not the best at reading financial charts, but this seems to reason...at least to me.
Respectfully agree to disagree
Don't forget the 7 million shares (give or take) issued to Starway Management Limited for the acquisition of Shenzhen Dicken. Those are not in the float either.
Russell Index
I don't understand your comment "On Friday, when all the Russell index funds were forced to buy..."
What do you mean by that? The Russell Index that includes CESV doesn't officially begin trading until July 5, 2005. Until then, CESV isn't a part of it.
Can you please explain your comment? Thanks.
Float
1,805,939 - give or take a few.
Shares traded
You can bet lots of those shares traded to/from the same hands several times today. Look at how huge the gap was between the day high/low. I'll be interested in what the TA says. Here's my guess: 1,805,939. Go CESV!
Here's the bottom line
If for some odd reason the shareholders of Sky Beyond voted No, then CESV would back the 7,807,569 shares out of the Issued, and the EPS will rise accordingly. If Sky Beyond votes Yes (which is expected) then the company will add in an additional 35% revenue and the EPS will rise accordingly. Go CESV!
Not exactly correct
For starters, the company's 1st quarter ended December 31, 2004. The remaining 35% of Starway wasn't transacted until February 1, 2005, which is in their fiscal 2nd quarter.
There are no "on going" problems. This is a clear case of someone trying to sound like they know what they're talking about. The language, directly from the 2nd Quarter 10Q is copied below so there's no confusion as to what is going on. Go CESV!
“Earnings Per Share
The Company reports earnings per share in accordance with the provisions of SFAS No. 128, "Earnings Per Share." SFAS No. 128 requires presentation of basic and diluted earnings per share in conjunction with the disclosure of the methodology used in computing such earnings per share. Basic earnings per share excludes dilution and is computed by dividing income available to common stockholders by the weighted average common shares outstanding during the period. Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock. There are no differences between Basic and Diluted EPS for the periods ended March 31, 2005 and 2004.
On February 1, 2005, The Company acquired the remaining 35% interest (the "Acquisition") in Starway Management Limited ("Starway) from Sky Beyond Investments Limited ("Sky Beyond") by issuing a total of 7,807,569 shares of common stock of the Company. However management of the Company has learned that the stock sale between Sky Beyond and Golden Resorts Group Limited was subject to approval by the shareholders of Golden Resorts. As of May 18, 2005, the shareholder meeting to approve the sale has not been held. The Company and Sky Beyond believe that the Company’s acquisition of the 35% in Starway has been legally completed. However the Company is in the process of investigating this matter and is taking a conservative approach in reflecting this acquisition in the financial statements of the Company.
As of March 31, 2005, the Company has decided not to reflect the additional earnings and additional paid in capital of the acquisition of the remaining 35% interest in Starway. However since the 7,807,569 shares have been issued in this transaction the par value of the stock has been reflected in the shareholders’ equity statement and the shares has been reflected in the earnings per share calculation as issued. If 100% of the income was to be reflected in the income statement at the date of acquisition, the Company’s earnings per share for the periods would have been adjusted.”
Forward Split
What is the date of that filing?
Also, I think this is an excellent idea. I like the though of having twice as many shares in a company that seems to have a huge upside. My gut feeling is at what ever price they do the split, we'll see our shares move right back up the chart. This company is too high-flying to be trading at the $5, $6, $7 levels.
I'm excited. Is the thinking that July 5th will be the effective date of the split? Or is that the "shareholders-of-record" date, or do we just not know yet? Go CESV!
Berlin Exchange
What is their average volume on the Berlin Exchange?
CESV Press Release
I'm sure no one really thought they signed a four dollar and fifty cent contract, but I see that PR Newswire has issued a correction stating that it was a $4.5 MILLION dollar contract. Much more exciting, don't you think? LOL.
This is such an exciting company. Always selling. Always making a difference. Always the leader in electricity conservation in China. Personally, I don't think the prices we're seeing lately are going to be around much longer. Not a lot of resistence up the chart. I think this one's got some legs. Go CESV!!
TTVL News
TEDA Travel Group Conducts First Annual Meeting of General Managers
Tuesday May 24, 9:01 AM EDT
HONG KONG, May 24, 2005 /Xinhua-PRNewswire via COMTEX/ -- TEDA Travel Group, Inc. (OTC Bulletin Board: TTVL), announced today it has concluded its First Annual Meeting of Hotel General Managers and Senior Management. The meeting took place in one of its 4-star hotels in Xian, Shanxi, China on May 6, 2005.
The principal agenda was to consider how best to reflect the company's core values in business strategies for the next several years, as well as how to improve communication channels among the 20+ hotel General Managers of the Group.
Additionally, a standard set of reporting packages, KPI (Key Performance Indicator) and CQI (Common Quality Indicator) within our hotels was introduced. In total more than 30 General Managers and other Group executives attended and participated.
Tim Gao, CEO of Hotel Operations said, ''The objective of the Group is to be a major force in the hotel management and travel business in China. The need to be a strong managerial organization, in addition to being a large one, is critical in achieving the success we desire.''
The group in attendance accepted the challenge of focusing on assuring adequate capital to grow, branding of the TEDA name, and quality throughout the organization based on superior management.
''We believe that the core values and objectives of the company are real, but only when everyone in the company has had a chance to think about them and further shape them. This meeting set this objective into motion. As executives and leaders with the Group, we're committed to excellence from the top down,'' concluded Mr. Gao.
About TEDA Travel Group, Inc.
TEDA Travel is a property management company providing services to hotels and resorts throughout China. The company is responsible for the supervision and day-to-day operations of the properties it manages. In addition to its property management division, TEDA Travel also has its own portfolio of real estate investments. Leveraged on its existing core businesses and the brand name ''TEDA,'' one of most recognized names in China, TEDA Travel intends to become a market leader in the fast growing Chinese travel and real estate services industry.
About Tianjin Economic and Technological Development Area (TEDA)
Tianjin Economic and Technological Development Area (TEDA) is one of earliest approved and best state-level development zones in China. TEDA has now has a developed area of 33 square kilometers (approximately 20 square miles). TEDA is located to the southeast of Tianjin City, about 45 kilometers (27 miles) away from downtown and 140 kilometers (84 miles) from Beijing. TEDA enjoys easy access to North China, Northeast China and Northwest China.
Safe Harbor Statement
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings.
For more information, please contact:
John Roskelley, President,
First Global Media
Tel: +1-480-902-3110
SOURCE TEDA Travel Group, Inc.
CONTACT: John Roskelley, President of First Global Media, +1-480-902-3110, for TEDA Travel
Another score for management
Teda Travel management continues to set them up and knock them down. I really love their execution and follow through. Each time the announce a potential acquisition, they close the deal. This speaks volumes about their due diligence process. They're not trying to throw darts at a million deals to see which ones will stick. They appear to be very carefully identifying good acquisition targets with a high probability the desired end result happening. I'm more impressed with this company each day. Go TTVL!
Audio invterview
The link in the press release takes you to a TTVL fact sheet, with a further link to the interview. However, that link takes you to the WallSt.Net main audio interview page and I couldn't find the interview on that page (someone help me if I've simply overlooked or otherwise missed it). You will have to do a search of the audio interviews to get to it, but it's worth the effort. You will either need to login, or do a quick registration to hear the interview.
Godfrey Hui, the CEO, gives a brief overview of TEDA, the TEDA brand, and the economic development in the city of Tianjin. He also gives a very good presentation of the company's current state of affairs with the company.
He also talks about some of the acquisitions, including their most recent of Tinma Travel Agency and what it means to the company getting into the travel agency business.
He also speaks about the Olympics and how the CMTA Ticketing System will benefit the company. I think that CMTA acquisition was huge for the company. In fact, I see it as the most exciting aspect of their business. Wouldn't you love to have had a piece of Ticketmaster when central ticketing was still a concept in this country? Just think of this on a scale 5 times larger.
Godfrey spoke of having as many as 150 properties under management in the next 12-18 months. That is very impressive.
One day we're going to look back at this company, probably when it's trading on the NYSE (my speculation only) and say, "I can remember when they were trading around $1." Hopefully none of us will be kicking ourselves in the butt saying, "Why didn't I get in back then?"
This is a very impressive company, and has been structured for success from the very beginning. Go TTVL!
TTVL News
Press Release Source: Wall Street Network
WallSt.net Airing Exclusive Audio Interviews with TTVL, SMPP, ACNI, GRU and SWS
Monday May 16, 7:00 am ET
An In-Depth Article Based on a Recent Interview With WGAT is Also Available now at www.wallst.net
NEW YORK, May 16 /PRNewswire-FirstCall/ -- Godfrey Hui, CEO of TEDA Travel Group, Inc. (OTC Bulletin Board: TTVL - News) recently granted Wall Street Network an exclusive audio interview profiling the company. Interview highlights include detailed discussions on the following topics:
- Recent acquisitions
- The booming travel industry in China, and the company's strategy to
Capture market share in the hotel management and guest services niche
markets
- Management bios
- Financials
- Industry trends supporting the company's prospects for long-term growth
- Upcoming milestones
To hear the interview in its entirety and to read an in-depth report on the company, visit http://wallst.net/superstock/TTVL/ttvl.html
About Wall Street Network
Wall Street Network is owned and licensed by Wall Street Direct, Inc. All material herein was prepared by Digital Wall Street, Inc., a multimedia provider of original, insightful commentary and news from North America's leading publicly traded companies giving a direct link to the management of today's fastest-growing companies through encompassing executive interviews and sector seminars. The company provides a free service to consumers, and a paid, premium monthly subscription to its members. Digital Wall Street, Inc. has received two thousand five hundred dollars from ACNI for press and advertising services, and is expecting to receive seventeen million restricted shares from the company for press and advertising services for a separate contract. Wall Street Direct Inc. has received one-hundred-seventy-five thousand restricted shares of TTVL from the company for press and advertising services. Digital Wall Street, Inc. has received fifty thousand dollars from SMPP for press and advertising services. For a complete list of our business relationships, visit www.wallst.net/disclaimer.asp .
Contact:
Nick Iyer
Digital Wall Street, Inc.
800-4-WALL-ST
Energy conglomorate
There was definitely some talk of acquisitions in the shareholder letter. I would love to see this company become a full service energy company. Those acquisition targets talkes about in the letter definitely put them on the other side of the energy equation in China. Energy and travel seem to be the two hottest buttons in China right now. As large as that country is, and as deep as its population base is, and as fast as their economy is growing, I see energy as a top issue/subject/commodity/investment in China for decades to come. CESV could become a massive energy conglomorate, and according to the shareholder letter, that is their ultimate goal. I think that's an excellent goal, and it think given the landscape in China, a very reachable goal. This company is very exciting. Go CESV!
S&P Market Access Program
This is great that they're listed in the market access program. This is where all the professionals go for their information. This is also where most of the quote companies get their info. It's nice to see CESV doing something with Standard and Poor's. We've known all along this is a real company. Through the market access program others are going to be able to see that too. Go CESV!
Shareholder Letter
With our recent listing on the NASDAQ National Market System, this is an appropriate time to update our shareholders, and the investment community in general, on the company and its current operations, and future outlook.
We are one of the fastest growing public companies providing energy efficiency and stabilization products to governments and corporations in China. China is now the world's largest producer of coal, steel and cement, the second largest consumer of energy and the third largest importer of oil, which is why gas prices are soaring around the globe. China's exports to the United States alone have grown by 1,600 percent over the past 15 years, and U.S. exports to China have grown by 415 percent.
Our in-house team of engineers and scientists developed the energy savings products, which we market under the brand name “DQ Smart Module”, all of which have been patented in China. DQ Smart Module users save between 28% and 34% on their monthly electricity consumption. These results can be measured in real, hard dollars savings. With more than 2,000 sales agents managed out of 30 regional offices throughout China, we are aggressively addressing the epidemic-level energy crisis currently affecting the largest country in the world.
Our technology is currently being used by a variety of end users. Government municipalities in several provinces, each of which highly recommend using our products, use our products to stabilize the energy consumption of its infrastructure, mainly street lamps. Many factories also use our products to help stabilize the flow of current into the machinery. This not only reduces their monthly consumption, but also extends the life of their machinery because it’s not constantly adjusting to too little, or too much current.
Our three revenue models ensure that we can meet the needs of all potential clients. We can offer clients a program that allows them to purchase the necessary equipment directly from us. We also have a program where clients can pay a smaller amount upfront and then profit share with us on a monthly basis, eventually owning the equipment by paying for it over time. Our final program allows the client to have our equipment installed with no money upfront, and we take 70% of the monthly savings as profits and then retrieve the equipment after the contract has expired. We strive very hard to ensure that those who are serious about energy conservation can find a way to participate. We have created a win-win situation.
The company continues to do well financially, and we expect to have a record year in terms of revenue and profits. With a 100% stake in Starway Management Limited, the revenue and gross profits through the first two fiscal quarters, (October 1, 2004 through March 31, 2005) were approximately $22.88 million and $13.71 million respectively, based on primary calculations. Net profit was approximately $11.98 million ($12.95 million before amortization of the value of incentive shares). Current shareholder equity is estimated at over $50 million, which is an increase of 278% since the end of 2003. The significant increase in our net assets is due to the substantial increase in net income over the past several quarters.
In terms of the energy crisis in China, there are actually very few glimmers of hope that things will noticeably improve, at least in the next few years. The government itself expects the energy crisis to actually get worse before it gets better, and currently cites energy conservation as the single most important factor in reducing the continual brownout and blackout situations currently plaguing China. However, that is only one side of the energy crisis equation in China. The production of electricity, particularly from alternative sources, has become the top energy priority in China, especially as the country prepares for the 2008 Olympics and the 2010 Asian Games, Even our country’s inclusion into the World Trade Organization was based, at least in part, on a comprehensive plan to conserve energy, to control pollution, and to manage consumption.
Our overall goal is to become a large-scale, full-service energy technology conglomerate. You will see significant accomplishments toward this goal during 2005 and 2006. In order for us to become a accomplish this, we need to now apply the technical expertise that has made us so successful in the area of energy conservation, and now focus on safe, environmentally friendly energy creation.
We are also currently identifying certain strategic power plants, coalmines and other energy projects as acquisition targets, which will greatly enhance our ability to reach our overall goal of becoming a full service energy company. These potential acquisition targets include coalmines, natural gas resources, and other energy companies.
We continue to be a highly profitable company, due in large part to our superior technology, extensive commission-based sales force, and support from the various municipalities in which we currently operate. Continue to expect success and meaningful accomplishments this year, and on into the indefinite future.
I thank each of you for your continued support.
Mr. Sun Li
Chairman and CEO
China Energy Savings Technology, Inc.
Press Release
Source: China Energy Savings Technology, Inc.
China Energy Savings Technology Chairman and CEO Speaks Directly to Shareholders
Monday May 9, 11:24 am ET
HONG KONG, May 9 /Xinhua-PRNewswire/ -- China Energy Savings Technology, Inc. (Nasdaq: CESV - News) today announced its Chairman and CEO, Mr. Sun Li, spoke directly to shareholders and the investment community in an open letter. Highlights of the letter are below.
"Our ultimate goal," said Mr. Sun, "is to become a large-scale, full- service energy technology conglomerate, and you will see significant accomplishments toward this goal during 2005 and 2006."
Mr. Sun also addressed the current financial situation of the company. "The company continues to do well financially, and we expect to have a record year in terms of revenue and profits. With a 100% stake in Starway Management Limited, the revenue and gross profits through the first two fiscal quarters, (October 1, 2004 through March 31, 2005) were approximately $22.88 million and $13.71 million respectively, based on primary calculations. Net profit was approximately $11.98 million ($12.95 million before amortization of the value of incentive shares). Current shareholder equity is estimated at over $50 million, which is an increase of 278% since the end of 2003. The significant increase in our net assets is due to the substantial increase in net income over the past several quarters. "
The entire letter can be read by visiting the company's website at the following URL: http://www.cesv-inc.com/ir_downloads.html
About China Energy Savings Technology:
The company is a holding company that owns 100% of Starway Management Limited whose subsidiaries are engaged in the manufacturing and sales of advanced technology energy-saving products in the People's Republic of China (PRC). According to test reports by various PRC authorities including the National Center of Supervision & Inspection on Electric Light Source Quality (Shanghai) issued in September 2002 and Shenzhen Academy of Metrology & Quality Inspection issued in December 2002, the energy saving products of Starway's subsidiaries may provide energy saving rates ranging from approximately 25% to 45%. The energy saving projects conducted by Starway's subsidiaries mostly relate to public or street lighting systems, government administration units, shopping malls, supermarkets, restaurants, factories and oil fields, etc. There are small and large-scaled projects: the small-scaled projects relate to restaurants, shops and small arcades through the sale of equipment, and the large-scaled projects relate to large shopping malls, supermarkets, factories and public bodies through the provision and installation of equipment over a term usually extended for years.
Safe Harbor Statement:
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings.
Contact Information:
John Roskelley
President
First Global Media
480-902-3110
Website: http://www.cesv-inc.com
Email: contactus@cesv-inc.com
Love this press release
The part I really like is the CEO mentioning that there are a lot of good Chinese brands, but no one outside of China knows of them. I know for a fact there are a ton of companies in China that make great products, and are looking for established brands in the US to market and distribute their products for them. I wonder if this was just a casual comment from the CEO or if he's implying something else...perhaps about some deals they're trying to get done, or adding products from some of these lesser known Chinese brands, etc.
This GCFF looks like a pretty decent investment seminar. Could pay off nicely for them in ways we're not really seeing or considering today. Glad management is taking the time to do these sorts of things. Go SOYO!
More good news
The good news just keeps coming from this company. They're like a Top 40 radio station...the hits just keep on coming.
I'm very impressed by how well this management team executes. They size up an acquisition, complete their due diligence, and finalize the deal. That is pretty efficient in my book. I don't think they've ever lined up a deal (at least not one they've announced) that they haven't closed. This speaks directly to their ability to size up a company to determine if it's even something worth acquiring. They don't give me any impression whatsoever that they waste any time at all on these deals. I feel like they head into these things with a certain degree of confidence that they're going to get it done.
So many OTC companies announce LOI after LOI, MOU after MOU and what happens 99% of the time? Nothing. It winds up being a pure pump by a small company trying to "look" important, rather than "being" important. TTVL give me every impression that they are important, all the time. Gotta love this company. They're making all the right moves. Bargain prices in my opinion. Go TTVL!
TTVL News
Press Release Source: TEDA Travel Group, Inc.
TEDA Travel Group to Complete Acquisition of Largest Timeshare Company in China
Thursday April 28, 12:37 pm ET
HONG KONG, April 28 /Xinhua-PRNewswire-FirstCall/ -- TEDA Travel Group, Inc. (OTC Bulletin Board: TTVL - News), announced today that its acquisition of a 55% share in Teda Resort Alliance Development Co., Ltd ("TRAC") has been approved by the Commerce & Industry Department of the Tianjin Government. The Acquisition agreement was entered into in August of 2004.
Established in 1999, TRAC provides timeshare services for customers in China, and is the largest partner of RCI, a Cendant Corporation, which is the largest and most prominent timeshare operator in the world. By the end of 2004, TRAC had established a customer base of over 3,600 members and its revenues had risen to $1.8 million. To date TRAC has more than 4,000 members and has been growing rapidly due to its extensive selection of desirable hotels and resorts. TRAC has also established an extensive network of exclusive sales agents throughout China, and is currently the largest timeshare company in China with more than a 70% market share.
TEDA Travel Group CEO, Mr. Godfrey Hui said, "We are pleased we were granted approval to complete this acquisition. TRAC significantly strengthens out overall product offering, and completes an important milestone to reaching our goal of becoming a leading travel operator in China."
About TEDA Travel Group, Inc.:
TEDA Travel is a property management company providing services to hotels and resorts throughout China. The company is responsible for the supervision and day-to-day operations of the properties it manages. In addition to its property management division, TEDA Travel also has its own portfolio of real estate investments. Leveraged on its existing core businesses and the brand name "TEDA," one of most recognized names in China, TEDA Travel intends to become a market leader in the fast growing Chinese travel and real estate services industry.
About Tianjin Economic and Technological Development Area (TEDA):
Tianjin Economic and Technological Development Area (TEDA) is one of earliest approved and best state-level development zones in China. TEDA has now has a developed area of 33 square kilometers (approximately 20 square miles). TEDA is located to the southeast of Tianjin City, about 45 kilometers (27 miles) away from downtown and 140 kilometers (84 miles) from Beijing. TEDA enjoys easy access to North China, Northeast China and Northwest China.
Safe Harbor Statement:
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings.
Contact Information:
John Roskelley, President, First Global Media, 480.902.3110
Source: TEDA Travel Group, Inc.
TTVL News
Press Release Source: TEDA Travel Group, Inc.
TEDA Travel Group to Complete Acquisition of Largest Timeshare Company in China
Thursday April 28, 12:37 pm ET
HONG KONG, April 28 /Xinhua-PRNewswire-FirstCall/ -- TEDA Travel Group, Inc. (OTC Bulletin Board: TTVL - News), announced today that its acquisition of a 55% share in Teda Resort Alliance Development Co., Ltd ("TRAC") has been approved by the Commerce & Industry Department of the Tianjin Government. The Acquisition agreement was entered into in August of 2004.
Established in 1999, TRAC provides timeshare services for customers in China, and is the largest partner of RCI, a Cendant Corporation, which is the largest and most prominent timeshare operator in the world. By the end of 2004, TRAC had established a customer base of over 3,600 members and its revenues had risen to $1.8 million. To date TRAC has more than 4,000 members and has been growing rapidly due to its extensive selection of desirable hotels and resorts. TRAC has also established an extensive network of exclusive sales agents throughout China, and is currently the largest timeshare company in China with more than a 70% market share.
TEDA Travel Group CEO, Mr. Godfrey Hui said, "We are pleased we were granted approval to complete this acquisition. TRAC significantly strengthens out overall product offering, and completes an important milestone to reaching our goal of becoming a leading travel operator in China."
About TEDA Travel Group, Inc.:
TEDA Travel is a property management company providing services to hotels and resorts throughout China. The company is responsible for the supervision and day-to-day operations of the properties it manages. In addition to its property management division, TEDA Travel also has its own portfolio of real estate investments. Leveraged on its existing core businesses and the brand name "TEDA," one of most recognized names in China, TEDA Travel intends to become a market leader in the fast growing Chinese travel and real estate services industry.
About Tianjin Economic and Technological Development Area (TEDA):
Tianjin Economic and Technological Development Area (TEDA) is one of earliest approved and best state-level development zones in China. TEDA has now has a developed area of 33 square kilometers (approximately 20 square miles). TEDA is located to the southeast of Tianjin City, about 45 kilometers (27 miles) away from downtown and 140 kilometers (84 miles) from Beijing. TEDA enjoys easy access to North China, Northeast China and Northwest China.
Safe Harbor Statement:
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings.
Contact Information:
John Roskelley, President, First Global Media, 480.902.3110
Source: TEDA Travel Group, Inc.
Predicting the future
Today, SOYO Group (SOYO) announced the launch of their Dymond Series flat panel LCD monitors. I think this is excellent news and another great move by management.
I spent some time today doing research into the flat panel LCD industry. This is a $53 billion industry and growing at a 12% clip into the foreseeable future. The timing of this move into this space by SOYO management is perfect. I'm certain we can predict the future of this market by looking at the past, and the futures (now our past) that came into existence. Does that make sense? LOL. I'll try to clear it up.
The press release states that LCD monitors, for the very first time ever, surpassed CRT monitors in units shipped. This is important and should follow the results we've seen in the past (and later the future). The first time cassette tapes surpassed vinyl records in sales, they never looked back. The first time CDs surpassed cassette tapes they never looked back. The first time DVDs surpassed video tapes, they never looked back. The trend is clear. Advances in technology, once out of the early-adoptor stages, becomes the de facto standard and everyone jumps on-board.
Most consumers still have the older, bulkier CRT monitors but nearly everyone moved from 15 inch to 17/19/21 when the prices bottomed out and for a couple of Ben Franklins you were stylin' with the latest and greatest. Mostly it was because bigger was better, graphics were cooler, and that's what was available to the average guy with an average bankroll.
The flat panel stuff was still brutally expensive and was mainly used in fairly specific business settings (magazine production, digital film production, etc.) by companies with deep pockets.
Now here's the part where we can look at the past (which later became the future, but now it's the past again) to possibly predict a new future. Prices on flat panel LCD monitors have dropped big time, and the technology has become excellent, and they're now just moving out of the early-adoptor stages and into critical mass. Consumers are ready to jettison the bulkier CRT monitors for the very sleek, very thin LCD panels.
They're cooler looking, have better features, take up less space, and to be quite honest is a move that will have consumers "keeping up with the Joneses". No one likes to be out-of-date, particularly when it comes to technology. Not in this day and age.
I think it's safe to say we can indeed predict a healthy future for flat panel LCD monitors by simply looking at the past futures. Anyway, this is all very exciting to me and management's timing is perfect...again. They are to be congratulated for being in the right place at the right time. Go SOYO!