ZHEJIANG PROVINCE, China, Feb. 1 /PRNewswire-FirstCall/ -- China 3C Group (BULLETIN BOARD: CHCG) announced New York-based Ludlow China has initiated research coverage on China 3C Group, a leading retail chain operating over 800 independent outlets in Eastern China.
President of the Ludlow China Fund, Gerry Salazar, noted that "China 3C Group recently provided guidance for $181 million in total revenues, $14.4 million in net income, or $.27 earnings per share, for the fiscal year ending Dec. 31, 2006.
"Detailed results and risk factors, as released by Ludlow China, on China 3C Group can be found at http://www.theasianinvestor.com/reports/chcg.htm.
About Ludlow China Fund
Based in New York City, the Ludlow China Fund aims to provide individual and institutional investors with a means to invest in the emerging China market through our diversified fund and index. The Ludlow China Fund owns and operates the Ludlow China Indices, which tracks a wide basket of US traded large and small cap Chinese stocks. For additional information, visit http://www.ludlowcapital.com/funds/china.html.
About China 3C Group
China 3C Group is a leading retail chain operating over 800 independent outlets in Eastern China. The company specializes in selling 3C products (communications, computers and consumer electronics) in China through its subsidiary Zhejiang Yong Xin Digital Technology Co., Ltd. Among China 3C's primary attributes is its efficient distribution network and rapid logistics system. The company's goal is to become the number one retailer of 3C products in China. For more information, visit http://www.china3cgroup.com/.
A profile for investors can be accessed at http://www.hawkassociates.com/chcgprofile.aspx. For investor relations information regarding China 3C, contact Jason Yuan at (201) 963-4226, e-mail:
Forward-looking Statement: We have included and from time to time may make in our public filings, press releases or other public statements, certain statements, including, without limitation, those under "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Part II, Item 7. In some cases these statements are identifiable through the use of words such as "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "target," "can," "could," "may," "should," "will," "would" and similar expressions. You are cautioned not to place undue reliance on these forward-looking statements. In addition, our management may make forward-looking statements to analysts, investors, representatives of the media and others. These forward-looking statements are not historical facts and represent only our beliefs regarding future events, many of which, by their nature, are inherently uncertain and beyond our control.
Investor Relations Contact:
Hawk Associates, Inc.
Frank N. Hawkins, Jr. or Ken AuYeung
Phone: (305) 451-1888
E-mail:
