I cannot believe CHRM is trading at $4.00. Read the bold print.
S.W. Lam, Inc. Announces Intent to Apply for Listing on NASDAQ
HONG KONG, Apr 11, 2000 (BUSINESS WIRE) -- 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.
Distributed via COMTEX.
Copyright (C) 2000 Business Wire. All rights reserved.
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CONTACT: S.W. Lam Inc., Salt Lake City
Brad Barton, 877/898-5667
bbarton@bitcorp.net
KEYWORD: NEW YORK INTERNATIONAL ASIA PACIFIC
INDUSTRY KEYWORD: ADVERTISING/MARKETING
MANUFACTURING
MINING/METALS
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