MOSTLY CHINA

[Jang-A-Lang]

7:33AM China Fire & Sec Grp reports Q4, issues Y08 guidance (CFSG) 11.88 : Co reports Q4 revs of $13.7 mln vs $12.4 mln consensus; co sees pro forma net income of approx $4.0 mln. Co sees Y08 EPS of at least $0.78 vs $0.76 consensus; co sees revs of at least $66.6 mln vs $63.4 mln consensus, with net income of at least $22.3 mln. "China Fire & Security's core business serving the Chinese iron and steel industry remains very strong. We do not anticipate any impact from a downturn in the United States economy; our customers are building capacity and upgrading existing plants to meet domestic demand. In addition, we are expanding into other sectors including transportation and nuclear power plants. The Company is also signing agreements with distributors in India to sell our LHD as well as our fire extinguishing products and systems."