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Re: wadegarret post# 20422

Wednesday, 08/24/2005 10:15:37 AM

Wednesday, August 24, 2005 10:15:37 AM

Post# of 173961
HRBN...News out this morning. Another great undervalued profitable growth stock brought to the VM board. Earned $0.15 per share for all of last year, $0.11 in Q1, and $0.17 last quarter!! Trading at $3.15?
HRBN has growth written all over it. Very little downside risk w/ huge upside potential IMO!
We'll see what happens. Here's today's news....

Harbin Electric Wholly Owned Subsidiary Earns American UL Recognition
Wednesday August 24, 3:33 am ET

HARBIN, China, Aug. 24 /Xinhua-PRNewswire/ -- Harbin Electric, Inc. (OTC Bulletin Board: HRBN - News; http://www.harbinelectric.com ) an American high tech company targeting the fast-growing Chinese linear motor and special electric motor markets, announces that its wholly owned subsidiary -- Harbin TECH.FULL Electric Co., Ltd. has passed the Underwriters Laboratories Inc.(UL) Motors (E255162) and Systems, Electrical Insulation (E255502) Recognition.

Tianfu Yang, Harbin's Chairman and CEO commented, 'Since 2004, we researched and manufactured the series of motors based on the demand of American clients'. It took eight months for us to pass UL recognition. So we acquired the passport for marketing the series of products in the U.S. and Canadian market. We will enter the U.S and Canadian markets according to our company's market strategy. It is a milestone symbol for our company to implement the 'Internationalization Strategy.' This will further expand our company's markets and bring even more value to our shareholders.'

About Harbin Electric, Inc.

Harbin Electric, Inc. is a high tech American company targeting the fast-growing Chinese linear motor and special electric motor markets. The linear motors use the principles of magnetic properties to induce linear forces and represent a significant improvement over traditional electric motors based on design, energy efficiency and precision movement. HRBN grasps the core technologies for electric motors manufacturing, who can research and manufacture special electric motors on clients' demand.






The information posted by 2morrowsGains is opinion only and should not to be taken as investment advice.

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