New Energy Systems Group (fka NEWN)

[ciciagt]

http://biz.yahoo.com/e/100415/newn.ob10-k.html
Net revenue for the year ended December 31, 2009 was $26,375,890 compared to $19,716,408 for 2008, an increase of $6,659,482, or 34%. The sales of batteries of 2009 was $19,918,846 or 76% of the total revenue compared to net revenue of $14,748,595 or 75% of the total sales for 2008, an increased $5,170,251 or 35%. The increase was primarily due to the Company's sales growth and successful development on new customers which bring continuous increase on battery business. In addition, we acquired Anytone in December of 2009, which brought us $3,424,291sales of battery.

The Company's existing battery shell and cover business generated net revenue of $6,457,044 during the year ended December 31, 2009, compared with $4,967,813 for 2008, an increase of $1,489,231 or 30%. The increase in our sales in this segment was mainly related to a general increase in sales to existing customers as a result of the gradual recovery of the economy in China.

also: http://sec.gov/Archives/edgar/data/1144320/000121390010001467/f10k2009_newenergy.htm

and this:
New Energy Systems Group Reports Record 2009 Results

GAAP Net Income of $5.8 Million or $0.82 per Diluted Share

2009 Adjusted Net Income of $6.4 Million or $0.89 per Diluted Share

Reaffirms 2010 Adjusted EPS Guidance of $1.23, Representing 38% Projected EPS Growth

"We are also making progress on our previously announced plans to uplist to a senior

national exchange and will keep investors updated regarding our progress."