Eternal Technologies Group, Inc. Announced Today Its Preliminary Outlook for the Year-Ending December 31, 2005.HOUSTON -- For the year-ending December 31, 2005, Eternal Technologies Group, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ETLT) anticipates revenues in excess of $21,000,000. This compares with revenues of $16,834,759 for the year-ended December 31, 2004. The current period will benefit from the inclusion of the financial result of E-Sea Biomedical Engineering Biomedical engineering An interdisciplinary field in which the principles, laws, and techniques of engineering, physics, chemistry, and other physical sciences are applied to facilitate progress in medicine, biology, and other life sciences. Co. International Ltd. which will be profitable for the fourth quarter. However, the fourth quarter will not reflect any material results from the Human dairy project as most of the revenue producing activity will begin in the first quarter of 2006. The company expects earnings for the year-ending December 31, 2005 to exceed those for the year-ended December 31, 2004. The company also anticipates a significant increase in net assets Net assets The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand. net assets See owners' equity. from those reported as of December 31, 2004. About Eternal Technologies Eternal is a major agricultural genetics and biopharmaceutical R&D firm operating in China with the support of the Chinese Government Ever since Republic of China founded in January 1st, 1912, China has had several regional and national governments. List
For more information please visit website: www.eternaltechs.com The following constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements containing the words of phrases "will likely result," "are expected to," "will continue," "is anticipated," "estimates," "projects," "believes," "expects," "anticipates," "intends," "target," "goal," "plans," "objective," "should" or similar expressions identify forward-looking statements, which may appear in documents, reports, filings with the Securities and Exchange Commission, including this Annual Report on form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , news releases, written or oral presentations made by officers or other representatives made by us to analysts, shareholders, investors, new organizations and others and discussions with management and other representatives of us. For such statements, we claim the protection of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for forward-looking statements contained in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. |
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