American Champion Entertainment, Inc. OTCBB: ACEI
Price: .20 Cents
SharesOutstanding: 26M (approx.)
Float: 12.5M (approx.)
MarketCap: $4.5M (approx.)
InsiderOwnership: 55% (approx.)
Webistes americanchamp.com
Holley china-holley.com
A very important fact to remember is with the outstanding that is (approx)
26 million shares, 12.6million of that is in one restricted certificate that
is owned by Holley Holdings USA china-holley.com and there are
some in their affiliates’ hands.
American Champion Entertainment, Inc.(ACEI), based in Hayward California, is
in transition from a media company to an international manufacturer and
marketer of devices, such as electric meters, for the utility industries.
The Company also owns a cable infrastructure building company in China.
Management believes ACEI could generate approximately $76 million in 2001
revenues:
-$26 million from purchase contracts of 100,000 units of the MTC meter.
-$20 million from exclusive Asia licensing of Remote Access meter reading
hardware and software.
-$25 million from merging Holley’s sales and sourcing division into ACEI.
-$600 thousand per year in Entertainment Operations.
-$6 million - Beijing Wisdom Network Technology Company, Ltd. (BA Network)
an ACEI subsidiary
Attaining This Goal
Holley intends to revitalize ACEI by utilizing ACEI to obtain specialty
electric components in the U.S., customize these into products that Holley
can integrate in to its business, and distribute them in Asia. Holley has
identified two product areas for ACEI to enter. One is owned by Metering
Technology Corporation, P.A. (MTC) in Scotts Valley, California. MTC
produces an electric industrial-use meter. Based on obtaining the critical
components from MTC, ACEI has signed a contract for the development and
delivery of up to 1,000,000 units of electronic,three-phase, multi-function
meters to Holley over the next five years. The contract calls for 100,000
units to be delivered within 2001 at an average sale price of $255 per unit,
thereby producing approximately $26 million in revenues for the Company this
year.
The Company's second product area is wireless access meter reading. There
are twenty-one companies in the U.S. that manufacture this type device.
After extensive research Holley identified a company as having the best
product design. ACEI would be responsible for the casing, wiring, assembly
and calibration. Holley anticipates that wireless access meter reading could
generate pretax profits of $1.5 million to $2 million on approximately $20
million of annual revenues.
Holley’s management believes it has identified the company with the best
wireless access meter reading technology. This company should sign in Q2 an
agreement with ACEI, paying it $1million for the Asian marketing rights plus
$0.50 per year per user. ACEI intends to buy the core meter, add periphery
parts, and sell the meters to Holley for about $80 per meter. ACEI should
generate 10-15% margins plus have a $0.20 per year per user residual. The
Company anticipates that this product could generate revenues of
approximately $20 million per year and pretax profits of at least 10%.
Management believes that the Chinese government will eventually mandate the
installation of the wireless technology. Early applications are expected in
Zhejiang province with 10 million users and also the City of Shanghai with
10 million users. There are over 60 million households in China.
In addition, ACEI’s entertainment arm is active as well. WorldChannel, Inc.
has signed a five-year, $3 million worldwide licensing agreement with ACEI
for the distribution and merchandising of “ADVENTURES WITH KANGARODDY.” The
Company could receive $600,000 per year under this contract. The Company is
in negotiations with a major American film studio to produce a movie for TV
for the students in the first to fifth grades using the Kanga Roddy format.
The movie is estimated to cost about $6million with the film studio picking
up half the cost. The film studio would have the TV rights while ACEI would
have the foreign rights and the rights to product and licensing sales. The
purpose of the film would be to entertain while teaching emotional
intelligence.
Who Is The Holley Group Co., Ltd.,
The Holley Group is a Chinese conglomerate owning 16 manufacturing
enterprises in China. The primary focus is electrical instruments and
meters, electric power automation and related products. The Holley Group is
the largest manufacturer of meters in China with assets of $200 million. Its
manufacturing facilities are located in the provinces of Hangzhou, Yuhang,
Chongqing, Guangzhou, Beijing, Sheyang and Haikou. Holley generated net
income of $35 million on revenues of $300million in the year 2000,
exclusively in China.
A BRIEF LOOK AT OUR DIRECTORS
Holley Group Co., Ltd recently named three new directors to the Board of
Directors. These include: Licheng Wang, Chairman, Yuanhao Li, President and
Alan Mok. The existing four directors include: George Chung, Anthony Chan,
CEO, Jan Hutchins and William Duffy.
Licheng Wang
Mr. Wang has been the Chairman of the Holley Group Co. Ltd. since 1991 and
is instrumental in growing the company to over $200 million in assets and
over 6,000 employees. He started with Holley in 1978 as a factory manager.
He is also currently the Chairman of Chongqing Holley Holding Co. Ltd. which
has assets of $1.2 billion and trades on the China Shenzhen Exchange (stock
no. 0607). Mr. Wang is a graduate in Electrical Engineering from the
Zhejiang University.
Yuanhao Li
Mr. Li has been the Deputy President (Executive Vice President) of the
Holley Group since 1997 and his strength lies with business development and
acquisitions. Under his guidance, the Holley Group has successfully acquired
and restructured two publicly traded companies in China, which makes
Holley's latest investment into ACEI their third such transaction. Mr. Li is
a graduate in Physics from China's Northwest Institute. He is also appointed
to be the new President of ACEI.
Alan Mok.
Mr. Mok is the President, CEO and founder of World Channel, Inc. His
dedication has brought his company from an idea fifteen years ago to a
multimillion dollar enterprise for the Chinese entertainment industry in
North America. He launched the first nationwide 24-hour satellite Chinese
Movie Channel early last year and his company holds the exclusive
distribution rights to many programs from China. He graduated in Statistics
and Computing Science from North London University and has been awarded a
Certificate of Honor for his outstanding service and leadership from the
Governor of California.
Anthony K. Chan. Mr. Chan has served as President, Chief Executive Officer,
and a Director of the Company since February 1997, and as Chief Executive
Officer and Chief Financial Officer of America's Best Karate since 1991.
From 1985 to 1990, Mr. Chan served as the Director of Chinese Affairs for
the Eisenberg Company, a diversified business enterprise, where Mr. Chan's
principal duty was to negotiate contracts in the People's Republic of China.
Prior to 1985, Mr. Chan was employed by the Bank of America NT & SA as an
economic forecaster. Mr. Chan received his MBA from the University of
California at Berkeley. Mr. Chan's martial arts training began in 1968 in
Hong Kong. He was the first American allowed to train as a professional in
the People's Republic of China. He is a published author and has been
featured in newspapers, magazine covers, television and motion pictures. He
was inducted into the Black Belt Hall of Fame in 1981.
George Chung. Mr. Chung has served as Chairman of the Board and a Director
of the Company since February 1997 and as President of America's Best Karate
since 1991. From 1981 to 1991, Mr. Chung owned and operated a karate studio
in Los Gatos, California. Mr. Chung was inducted into the Black Belt Hall of
Fame in 1983. He is regarded in the martial arts industry as a pioneer in
the modernization of what is known as contemporary martial arts training,
which includes the use of music in both training and performance. He has
been featured in magazines, books, television and motion pictures. He is a
published author and wrote "Defend Yourself," a worldwide published
self-defense system for Sybervision Systems. In 1995, he was awarded a
"Superbowl Ring" from the San Francisco 49ers in recognition for his
outstanding martial arts work with their championship football team.
William T. Duffy. Mr. Duffy served as the Executive Vice President for the
Buffalo Bills in 1999, and had served as Vice-president of Business
Operations and Chief Financial Officer for the San Francisco 49ers from 1996
to 1998. He was responsible for all non-football related business and
provides financial guidance and support for all the team's football related
activities. Mr. Duffy's previous experience has included serving as Director
of Compliance for the National Football League from October 1993 to May
1996, Treasurer of Robbie Stadium Corporation from June 1990 to September
1993 and Director of Finance of the Miami Dolphins from March 1988 to May
1990. Mr. Duffy, a CPA, is a graduate of Princeton University and received
his Masters of Accounting from New York University.
Jan D. Hutchins. Mr. Hutchins has served as President of AC Media, since
February 1997. From July 1994 to November 1995, Mr. Hutchins was one of a
four person management team for Golf Pro International, an emerging company
designing and marketing a terrain -- based, personal service robot. From
1993 to 1994, Mr. Hutchins was community services director for the San
Francisco Giants professional baseball team. From 1991 to 1993, Mr. Hutchins
developed, produced and hosted the HOOKED ON GOLF radio program for KNBR 68
in San Francisco. From 1972 to 1991, Mr. Hutchins served in various
capacities in the television field, including news anchor, sports director,
sports anchor/reporter and television host.
MOST RECENT NEWS
ACEI Begins Trading on OTC Bulletin Board on April 3, 2001
HAYWARD, Calif., April 3 /PRNewswire/ -- American Champion Entertainment,
Inc. (OTC Bulletin Board: ACEI - news) announces today that its common stock
and its warrants are delisted from the Nasdaq SmallCap market effective
April 3, 2001, and its common stock under the same symbol begins trading on
the OTC Bulletin Board on April 3, 2001. The Company will conduct business
as usually and its largest shareholder, Holley Holding (U.S.A.) Ltd.,
china-holley.com will continue to move forward with its business
plan interjecting Holley's business in the U.S. under the ACEI structure.
biz.yahoo.com
ACEI Begins Development of a Kanga Roddy Motion Picture
Negotiations Underway With Largest Film Studio in China for Co-Production
HAYWARD Calif., March 23 /PRNewswire/ -- American Champion Entertainment,
Inc. (Nasdaq: ACEI - news) announced today that it has begun pre-production
work for a ``Kanga Roddy'' motion picture based on the 2-time EMMY Award
winning children's show ``Adventure with Kanga Roddy'' that ACEI created and
produced.
biz.yahoo.com
ACEI Enters Power & Energy Automation Market in China Through Holley's Home
Field Advantage
HAYWARD, Calif., Feb. 28 /PRNewswire/ -- American Champion Entertainment
(Nasdaq: ACEI - news) intends to leverage the connections of its majority
shareholder, the Holley Group of China, to gradually enter the huge power
and energy automation market in China. According to latest official
releases, the Chinese government has committed to spending a total of US$120
billion over the next ten years in the areas of energy delivery systems and
power automation and monitoring technologies. This commitment pinpoints the
necessary upgrading of the outdated power grids still widely in use. Within
this budget, 40% (approximately US$48 billion) is earmarked for power
automation systems. The Holley Group has already been involved in this area
supplying related products to the Chinese Energy Bureau for years. Holley's
electricity metering business represents 41% of the Chinese market and it
enjoys close working relationships with the utility agencies. Holley
believes its unique advantage will lead to capturing a good portion of the
government's commitment in the energy infrastructure building business.
biz.yahoo.com
ACEI Adds New Members to Management Team.
HAYWARD, Calif., Feb. 22 /PRNewswire/ -- American Champion Entertainment
(Nasdaq: ACEI - news) today announced that three new members will be joining
its Board of Directors effective March 1. According to the investment
agreement with Holley Holding (U.S.A.) Ltd., Holley has the right to name
three appointees and ACEI's board has approved of the appointment. The new
members are: Mr. Licheng Wang who will also assume the position of ACEI's
Chairman, Mr. Yuanhao Li and Mr. Alan Mok. The four existing board members,
Jan Hutchins, William Duffy, Anthony Chan and George Chung will remain on
the board until new directors are elected at the next annual meeting.
biz.yahoo.com
American Champion Entertainment Receives Speculative Buy From Mason Bridge
Financial Consulting
SAN JOSE, Calif., Feb. 15 /PRNewswire/ -- The following report by Mason
Bridge Financial Consulting is being released by American Champion
Entertainment (Nasdaq: ACEI - news):American Champion Entertainment is a
Delaware corporation, headquartered in San Jose, California. ACEI is a
holding company with subsidiaries specializing in the development and
acquisition of family and sports programming as well as development of
multi-media consumer products. Its 52- week range is 5/32 to 6 3/8.
biz.yahoo.com
ACEI Signs a 5-Year Contract With Holley Science & Technology Corp, For
Supply of Meters Worth Over $200 Million
HAYWARD, Calif., Feb. 15 /PRNewswire/ -- American Champion Entertainment
(Nasdaq: ACEI - news) today announced that it has signed a contract for the
development and delivery of up to 1,000,000 units of electronic,
three-phase, multi function meters to Holley Science & Technology of
Zhejiang China (``Holley Science'') over the next five years. The contract
calls for 100,000 units to be delivered within 2001 at an average sale price
of $255 per unit, thereby producing approximately $26 million in revenues
for the Company this year. The Company is working closely with Metering
Technology Corporation of Scotts Valley, California (``MTC'') for the supply
of critical components and development of specific models for the Chinese
market. ACEI and its newly formed subsidiary, Power Automation Corporation,
will be providing OEM work mostly in casing, wiring, assembly and
calibration. The Company preliminarily estimates gross margins to be about
12% once full-scale production is underway. The Company believes that
initial development and testing will be completed within approximately two
to three months.
biz.yahoo.com
ACEI Receives $45 Million Annual Business From The Holley Group Through Its
New Subsidiary -- "Power Automation Corporation"
HAYWARD, Calif., Feb. 8 /PRNewswire/ -- American Champion Entertainment
(Nasdaq: ACEI - news) today announced that it has signed a contract with The
Holley Group of China (``Holley'') to form a new subsidiary called ``Power
Automation Corporation''. The terms of the contract call for a joint
investment from both ACEI and the Holley Group of over $800,000 and will
give ACEI 62.5% ownership of the newly formed Power Automation Corp. This
marks ACEI's entrance into the technology business through support from
Holley which captures over 40% of the utility meters market in China. The
new subsidiary will immediately receive all of Holley's existing trading
business with the U.S., mainly in purchasing of meter components and
technology, estimated at $45 million for the year 2001. These revenues and
potential profits will flow directly to the financial statements of ACEI.
biz.yahoo.com
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American Champion Entertainment, Inc.
Company Contact Information
Anthony K. Chan.
22320 Foothill Blvd., Suite 260
Hayward, CA 94541
Phone: (510) 728-0200
Email: webmaster@americanchamp.com
Website: americanchamp.com |
