Hutech21 Co., Ltd. (CLGZF)

[rocketeer357]

The dramatic decrease in revenues during the third quarter of 2010 was due primarily to the drop in our orders from our major customer, Shanghai Xin Dian.

A perfect example of the fragility of a company with only 1 or 2 major customers.

We believe the reduction is temporary and the order quantities will be back to normal due to our positive working relationship with Shanghai Xin Dian.

Let's hope so. And let's hope they develop a wider range of revenue streams because this Q demonstrates that even if CLGZ regains its former business relationship with Shanghai Xin Dian, investors will have good reason to be wary here.