Steve as far as e-mailing Amy about a PR, Hawk e-mailed me todays report thus it doesn't matter to me whether they PR it or not. Here is Atomic Penny Stock's write-up with more coming. I like the fact that they are NOT compensated...well written I thought.
December 6, 2010 No Comments
China Kangtai Bolsters Cactus Cigarette Offering With New Technology Partnership
by admin
Shares of China Kangtai Cactus, Inc. (OTCBB: CKGT) are down 5.6% or $.054 this morning on news that the Traditional Chinese Medicine (TCM) developer has inked a technology agreement with Shandong Technology Company, the main goal of which is to improve the taste and quality of Kangtai's cactus cigarette product. Sales for CKGT's tobacco-alternative offering totaled $659,609 during the third quarter, representing an impressive 1464% improvement over the $42,162 logged during the 3rd quarter of 2009. While sales for the 3 months ended 9/30/10 did decline nearly $178,143 or 27% from the previous reporting period, the company's Sheng Cao smokes have fallen into favor with China's monstrous population of smokers over the past year and continue to contribute a greater share of its overall sales, which reached $9.5 Million in Q3.
Improvements facilitated by this technology agreement should help increase the popularity for China Kangtai's cactus cigarettes in a market where one quarter of the nation's 1 billion residents are smokers and research forecasts that 1/3 of all young men will die from complications brought on by tobacco if something doesn't change. CKGT aims to be that change and is already gaining a foothold in its domestic marketplace, which boasts a group of smokers roughly the size of the entire U.S. population. Efforts are also being made to build a solid presence of other Asian countries including Taiwan and I'm guessing that some of the region's larger tobacco companies are paying more and more attention as Sheng Cao sales grow and China Kangatai takes steps towards improving its product and boosting public awareness of its benefits.
Although shares have dipped below $1 and the stock doesn't look overly sexy from a technical standpoint, I'm still bullish on CKGT as a company over the long-term. In light of the company's recent financial growth and development of relationships aimed at boosting the sales and quality of its diverse offering, I'm excited about what the future holds for China Kangtai Cactus, Inc.
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