Redman's

[redman_2014]

CNYD: Listened to the Q4 2009 CC:

1)Toulou going to around 160k+ visitors in 2010 (Add another 3.5M revenue to 2009 numbers since we did 50k in 2009 and 1.7M ish rev)....
2) Yunding 50M RMB 2010 expectation ($7.3M revenue)
3) Train segment did 1.6M revenue in 2009 and they expect 3.5x to 5x in 2010. So assume 4x or an additional 4.5M revenue in 2010.

3.5 + 7.3 + 4.5 = 15.3M revenue added from that alone in 2010.

Total 2009 revenue was 51.2M. The above brings us to 66.5M or 30% revenue growth.

This is not including ANY growth from the FE-TV segment (31.5M in 2009, will grow at least 10% or 3.15M more revenue)...Or ANY growth from the Golden Lake (18.5M revenue in 2009, should grow at LEAST 35% in 2010 or 6.5M)

If you tack that expected growth on as well, that means another 9.65M revenue more or 76.15M revenue expected for 2010.

76.15M would mean = 49% revenue growth... And this is with a conservative 10% growth for FE-TV and 35% for Golden-Lake.

Shrug. This means big EPS growth, which is why I am holding my shares.

Note: This does not include any possible acquisitions from the latest financing deal.

Anyone disagree with anything?

-Fernando