CTC Cosmetics Holdings Company Inc. applies for Nasdaq Small Cap listing.SHANGHAI, China--(BUSINESS WIRE)--June 25, 1997--CTC Cosmetics Holdings Company Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CTHI CTHI Churches Together in Hampshire and Isle of Wight (UK) ), Wednesday announced that it has submitted its application for listing on the Nasdaq Small Cap Market. The company began trading on the NASD'S over-the-counter market over-the-counter market Trading in stocks and bonds that does not take place on stock exchanges. Such trading occurs most often in the U.S., where requirements for listing stocks on the exchanges are strict. on the Electronic Bulletin Board on April 9, 1997 under the symbol "CTHI." Mark Lee, president of CTC CTC - Cornell Theory Center Cosmetics Holdings Company Inc., stated: "We are confident that Nasdaq's stock market will accept and approve our application quickly and we look forward to the enhanced market support and broader awareness of CTHI within the investment community. "Given our historical success in delivering consistent growth insales, we believe CTHI is in a unique position to offer U.S. investors the ability to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the explosive economic revolution currently transforming the Far East." CTC Cosmetics Holdings Company Inc., a leader in the cosmetics industry in the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China (PRC), develops, manufactures and markets skin and hair care products, cosmetics, and cosmetic-related chemical ingredients. The company had gross revenues of $18,146,691 in 1996 with $2,250,436 in net profit. In addition, as of Dec. 31, 1996, they had assets of $17,698,974 and net equity of $8,939,546, with a shareholder base of approximately 800. With a successful sales record of over 30 percent growth per year over the last three years as a private company, and considering the recently negotiated strategic alliances with other international cosmetics manufacturers, the company is in a position to aggressively capture significant market share in the rapidly growing PRC and other Asian countries. CONTACT: Continental Capital & Equity Corp. Jimmy Holton, 407/875-1110 www.insidewallstreet.com |
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