No where in the 10k or 10qs or sec filings or anywhere in the Press releases does it indicated this. In the May 4th Press Release he indicated in bold he will increase shareholders benefit. The fact they are down now was because they had to pay off some people in the past months. Looking forward the plant is coming online and communication is here.
China America Holdings Provides Financial Outlook for 2010, Sees Company Reaching Profitability as End Markets Improve
7:00a ET May 4, 2010 (Market Wire)
Mr. Shaoyin Wang, CEO of China America Holdings, commented, "We continue to see strong sales momentum in our 2nd quarter as compared to the same period a year ago, and we believe our business is benefiting from a number of macro-economic factors. As we look out into 2010 and beyond we see continued improvements as China begins to mandate the use of environmentally friendly refrigerants macro environmental factors. Our facilities in Shanghai and Tianjin are already geared for this transition which we believe will provide us with a significant advantage over our competitors further fueling our growth and overall margins into 2011. We are very excited about our company's prospects for growth for the remainder of fiscal 2010, and are committed to increasing our top and bottom line for the benefit of our shareholders."
