China Treasure experiences continued operational and financial growth while supporting dramatic market reforms in the Peoples' Republic of China.HONG KONG Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. and ORLANDO, Fla.--(BUSINESS WIRE)--Dec. 20, 1995-- Buoyed by record net income of $3,312,000, or $.23 per share, for the first nine months of 1995, China Treasure Inc.'s (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CHNA CHNA Community Health Network Area CHNA Community Health Needs Assessment CHNA Canadian Holistic Nurses Association CHNA College Hill Neighborhood Association CHNA Castleberry Hill Neighborhood Association CHNA Converium Holdings North America ) Chairman Clement Mak announced a continuation of the positive trend not only for the remainder of 1995, but also in 1996, for which he is projecting strong earnings growth. "1995 has been a very strong period of growth and prosperity for China Treasure. We have been moving ahead aggressively and strategically, gaining solid footholds in fundamental industries that underlie the continued movement of China into a market-based economy," stated Mak. "We are concerned that China Treasure's stock has not been performing to our expectations, but we remain confident that the vibrancy of our current operations coupled with the continuing execution of our strategic growth plan will result in upward movement of the stock price. Our operations are on more solid ground than ever before and we are positioned to benefit in both the short and long term from the strength of the company's operations. "Our iron and steel manufacturing segment, anchored by Chengdu Iron & Steel Co., is providing the building blocks for the infrastructure in the growing Sichuan Province, as well as in the booming Guangdong Province Noun 1. Guangdong province - a province in southern China Guangdong, Kwangtung , where economic development has been guaranteed by the Chinese government Ever since Republic of China founded in January 1st, 1912, China has had several regional and national governments. List
"Particularly gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. for us is seeing the transformation at Chengdu, which was plagued by bureaucratic bu·reau·crat n. 1. An official of a bureaucracy. 2. An official who is rigidly devoted to the details of administrative procedure. bu waste and operational redundancies before we were involved. We reduced overhead and made the plant more efficient with less manpower. At this point, China Treasure projects more than $18 million in net income and $120 million in revenues for that plant in 1996, and a strengthening of margins as we continue to streamline operations. "In addition, we are looking at a number of other steel factories throughout the PRC, as growth in China will not be restricted solely to one region." Mak continued, "Based on China Treasure's success with Chengdu, the company is seeking to focus on the acquisition of businesses that make sense in an emerging consumer society." Continued Mak, "Organizations that are engaged in growth industries such as infrastructure development, telecommunications, entertainment and consumer products, with good profit margins and sales track records, are our primary targets." For further information, members of the investment community or press can contact Market Management International's Rob Bleckman at 407/660-1488 or Thomas Tedrow at 407/645-0207, Peter Scott For the footballer, see . Sir Peter Markham Scott, CH, CBE, DSC, FRS, FZS, (September 14, 1909 – August 29, 1989) was a British ornithologist, conservationist, painter and sportsman. at Corporate Relations Group, 407/628-0807, or Kevin Chan 'Kevin Chan is currently a emergency physician at the Hospital for Sick Children. He is considered to be the foremost expert in the field of global health, specifically, peadiatric population health. he received a Bachelor of Science B.Sc. (Hon. at China Treasure, (852) 2519-0654, or fax (852) 28907-8313. CONTACT: Market Management International, Orlando Rob Bleckman, 407/660-1488 or Thomas Tedrow, 407/645-0207 or Corporate Relations Group Peter Scott, 407/628-0807 or China Treasure Kevin Chan, (852) 2519-0654 (852) 28907-8313 (fax) |
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