CNCN - low OS and float. projected net income for 2005. 23 Mil shares and less than 20 mil shares in the float. Insider and institutional own more than 11 mil shares as of last filing.
The number of shares of the issuer's Common Stock outstanding as of December 31, 2004 is 23,409,800.(10K filing)
PROJECTED PROFIT/LOSS 2005
Revenue: . . . . . . . . 5,700,000
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Cost of Sales: . . . . . 3,650,000
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Gross Profit:. . . . . . 2,050,000
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Expenses:. . . . . . . . 1,800,000
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Operating (Loss) Income: 250,000
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ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
The following table provides the beneficial ownership of our common stock by each person known by us to beneficially own more than 5% of our common stock outstanding as of December 31, 2004 and by each of our officers and directors and by the officers and directors of CinTel as a group. Except as otherwise indicated, all shares are owned directly.
Common Stock Percentage of
Name of Beneficial Owner. . . . . . . Beneficially Owned Common Stock Owned(1)
------------------------------------- ------------------ -------------------
Sang Don Kim
Dongbu CentryVill, Apt. 101-2302
Ichon 1-dong
Yongsan-gu, Seoul, Korea
4,655,280 19.9%
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KTB Network Co., Ltd. (2)
KTB Networks B/D
826-14, Yeoksam-dong
Kangnam-gu, Seoul, Korea
4,305,570 18.4%
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KB Investment Co., Ltd. (3)
9F, Sinyeogn B/D
68-5, Chungdam-dong
Kangnam-gu, Seoul, Korea
1,490,400 6.4%
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All Directors and Executive Officers
as a Group (1 person) . . . . . . . . 4,655,280 19.9%
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(1) Percentage ownership is based on 23,409,800 shares of common stock outstanding as of December 31, 2004.
(2) KTB Network Co., td. is a publicly listed company on the KOSDAQ. Mr. Kwon, Sung Moon, the President and Chief Executive Officer of KTB Network Co., Ltd., has investment and voting control over the securities beneficially owned by KTB Network Co., Ltd.
(4) KB Investment Co., Ltd. is owned by Kookmin Bank in Korea. Mr. Cho, Seung Hyun, the President and Chief Executive Officer of KB Investment Co., Ltd., has investment and voting control over the securities beneficially owned by KB Investment Co., Ltd.
AI
