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Technology Stocks : Earnings: Software , Storage, and IT

IBM 312.17

+0.7%

Jan 12 3:59 PM EST

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From: 2MAR$	8/25/2005 3:33:55 PM
	of 14

CXTI China Expert Technology Announces Second Quarter Financial Results Quarter To Quarter Net Income Increases Approximately 41% HONG KONG, Aug. 15 /PRNewswire-FirstCall/ -- China Expert Technology, Inc. (OTC Bulletin Board: CXTI) a company that specializes in providing large scale network infrastructure construction mainly for e-government projects for communities and municipal governments in China today announced financial results for its second quarter ended June 30, 2005. Revenue for the second quarter totaled $8.32 million, an increase of 16.5%, compared to $7.14 million for the comparable period in 2004. The Company reported net income of $2.55 million, an increase of 41.7%, compared to $1.8 million for the second quarter in 2004. Earnings per share totaled $0.105 for the quarter compared to $0.076 for the same period in 2004, representing a 38.2% increase. Mr. Huang Tao, Chairman of the Board of Directors of CXTI stated, 'We continue to execute our business strategy. With the recent addition of the $17 million e-government contract for Huian city, we are expecting the momentum and the consistency we had in the second quarter to carry over into the next quarter.' About the e-government project:

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