In a conference held on January 16, 2007, the Company disclosed the following during its presentation:
1. The Company applied for listing on the American Stock Exchange.
2. The Company’s current obligations concerning their “store in store” arrangements provide for the store which the products are sold to receive a varying percentage of sales, and are normally one to three years in duration.
3. The Company will attempt to establish stand alone retail stores (average 3,000 square feet).
4. Financial guidance for the fiscal year ended December 31, 2006: $181M, Revenues, $14.4M Net Income, and Earnings per Share of $.27.
5. The Company believes it will have 2,000 employees, and achieve fifty percent (50%) increase in revenues from the sale of cell phones in 2007.
6. The Company forecast that by 2010: expand operations to all of China; it will have operations in 4,000 stores and achieve revenues of $1B. To achieve these goals the Company believes it will grow 30% per year intrinsically and 50% via acquisitions. The Company anticipates that acquisitions will be achieved via cash from operations and outside financing.
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