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Monday, 10/13/2008 12:57:25 PM

Monday, October 13, 2008 12:57:25 PM

Post# of 2594
Sector related News and trading at $4.19 right now. DSHL going to be Huge for sure and I believe it won't be long before its trading in the $2-$6 range.

WATG,Wonder Auto Technology Announces Preliminary Financial
Results for the Third Quarter
Monday October 13, 8:30 am ET

JINZHOU CITY, Liaoning, China, Oct. 13 /Xinhua-PRNewswire-FirstCall/ -- Wonder Auto Technology, Inc. (Nasdaq: WATG - News; "Wonder Auto" or the "Company"), a leading manufacturer of automotive electrical and suspension parts in China, today announced its selected preliminary financial results for the third quarter ended September 30, 2008.

Third Quarter Selected Preliminary Financial Results:

-- Estimated sales revenue of approximately $39 million;
-- Estimated net income of approximately $6.3 million;
-- Estimated fully diluted EPS of approximately $0.23.

Mr. Qingjie Zhao, Wonder Auto's Chairman and CEO, said, "Thanks to the implementation of our growth strategies which have assured us to keep our rapid revenue and net income growth. Operating in a highly competitive environment, Wonder Auto's outstanding performance/price ratio attributed by our strong R&D capabilities, low-cost manufacturing and stable supplier network has enabled us to remain sticking with existing customers, winning new customers and capturing market share from competitors. Our strategy of diversifying product portfolio through acquisition has further bolstered our competitive position in the industry."

About Wonder Auto

Based in Jinzhou City, Liaoning, China, Wonder Auto Technology, Inc., through its Chinese subsidiaries, designs, develops, manufactures and sells automotive electrical parts and suspension products. Wonder Auto was ranked second in sales revenue in the China market for automotive alternator and starter in 2006. With respective 5 different series and over 150 models of alternators, 70 models of starters and various suspension related parts, the Company supplies to a wide range of automakers, engine producers and auto parts suppliers both in domestic China and overseas. Wonder Auto's main customers include Beijing Hyundai Motor Company, Shenyang Aerospace Mitsubishi Motors Engine Manufacturing Co., Ltd., Harbin Dongan Automotive Engine Manufacturing Co., Ltd., and Tianjin FAW Xiali Automotive Co., Ltd. For more information, please log on http://www.watg.cn .


http://biz.yahoo.com/prnews/081013/cnm014.html?.v=44


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