HONG KONG--(BUSINESS WIRE)--April 11, 2000--S.W. Lam Inc. (the
"Company") (OTCBB:CHRM) today announced that it intends to file an
application for the listing of its common stock on NASDAQ.
The Company's subsidiary, Hang Fung Gold Technology Limited is
already listed and trades on the Hong Kong Stock Exchange.
The Company has experienced strong growth in recent years with
revenues anticipated to exceed $100 million for the fiscal year ended
March 31, 2000, rising from $40 million in fiscal 1999. During the
same period, assets have grown from $45 million to over $90 million
and shareholders' equity has grown from $14 million to over
$25 million, or approximately $2.00 per common share.
For the nine months ended December 31, 1999, the Company's
revenues were nearly equal to the revenues of the entire prior fiscal
year. The Company anticipates that its growth will continue as it adds
additional distribution channels and continues the development of its
e-commerce business.
S.W. Lam Inc., through its subsidiaries, is engaged in the design,
manufacture, and marketing of a broad range of gold products, other
precious metal products, and jewelry products to customers in Hong
Kong, the Peoples Republic of China, and other parts of the world. The
Company's headquarters are located in Hong Kong.
The foregoing discussion contains forward looking statements which
are based on current expectations. Actual results, including the
approval of the Company's NASDAQ listing application and the timing
thereof, the actual revenues to be reported for the fiscal year ended
March 2000, and the ability to continue to grow revenues and operating
income, may differ materially due to the risks and uncertainties
beyond the Company's control.
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CONTACT: S.W. Lam Inc., Salt Lake City
Brad Barton, 877/898-5667
bbarton@bitcorp.net |
