China Tracker - Details for GHN Agrispan Holding (GHNA)

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 WARNING: Form 15 filed with the SEC!
 GHN Agrispan Holding
 Business Outlook

Certification And Notice Of Termination Of Registration Under Section 12(G) Of The Securities Exchange Act Of 1934 Or Suspension Of Duty To File Reports Under Sections 13 And 15(D) Of The Securities Exchange Act Of 1934.

(Source: 15-15D Filing, 2011-05-18)

GHN Agrispan today announced that it has signed $660,000 worth of new catering contracts in China. According to the agreements, GHN Agrispan will provide high quality catering services for each of its three new customers for approximately 2,000 aggregate employees. Two of the three contracts are for terms of six months, while the third contract is for a one-year term. The clients represent various industries and enterprises in mainland China. "We are pleased to sign three additional contracts for a combined $660,000. Following the recent announcement of our $720,000 contract last week, these contracts will further enhance our catering division revenues over the next year, as we make additional inroads in China’s high-growth prepared food and catering industries."

(Source: Business Wire, 2010-10-26)

Given the Chinese government's current preferential national policy towards the agricultural industry, we anticipate an increase in our agricultural products and catering business going forward. This is already taking shape through our ongoing corporate growth initiatives, as we plan to expand sales to Shanghai and Suzhou regions in the last half of 2010.

(Source: Business Wire, 2010-08-11)

GHN Agrispan Holding today announced revenue and earnings guidance for the Fiscal Year ending December 31, 2010. Based on a review of the Company's operations and market conditions in the various segments in which it operates, the Company expects that revenue and net income results for the Company will exceed all previous results by a significant margin.

FY 2010 projected revenue of $37 million (vs. revenue of $27 million FY 2009 on a pro forma basis*, or $11.0 million as previously reported), equating to a pro forma 37% year-over-year revenue increase. FY 2010 projected net income of $5.7 million (vs. $4.9 million FY 2009), equating to an approximate 16% year-over-year net income increase. EPS of approximately $0.14 based on 40.52 million basic shares outstanding.

*In FY 2010, GHN Agrispan changed its method of revenue recognition from a "net" basis to a "gross" basis as a result of GHN Agrispan making direct sales to certain of its existing customers in lieu of selling through independent distributors. The FY 2009 pro forma revenue of $27 million represents an adjustment to the previously reported $11.0 million figure to allow for a more accurate year-over-year comparison.

"We remain unequivocal in our commitment to driving revenue and earnings growth. Our proven business model, which focuses on the high-growth areas of China's thriving agriculture, prepared foods, and catering industries are validated by our first quarter 2010 results during our historically slow period as well as current and forecasted top line and bottom line numbers. We believe our proactive business model will serve to drive revenues, earnings and, ultimately, shareholder value."

GHN Agrispan recently became a US publicly listed company in early 2010 and is set to achieve record levels of revenue and earnings due to its corporate growth initiatives and sophisticated knowledge of China's agriculture industry. The company is committed to establishing itself as a leading purveyor of healthy foods and renowned catering services throughout China's cities and rural areas. GHN Agrispan currently sells quality products and services with a strong emphasis on food safety to target clients, including US Fortune 500 companies, European multinational firms, as well as established Chinese private enterprises and government institutions. The company is positioned to capitalize on the rapidly-growing Chinese consumer demand, which is anticipated to continue despite the current economic downturn worldwide.

(Source: Business Wire, 2010-07-29)

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DETAILS: Safety/Risk Model for GHNA
Current Price:  n/a
F10k Day (2010-07-27): -100.00%$0.87
2010 Close: -100.00%$0.66
2011 Close: -100.00%$0.10
High (2011-10-06): -100.00%$0.22
Low (2011-11-16): -100.00%$0.01
Market Capitalization: n/a
Total Shares: 41.35 mill
Float: n/a
Avg Volume: n/a
Last Quarter: 2010-12-31
Revenue (MRQ): 7.36 mill
Net Income (MRQ): 1.49 mill
Op. Cash Flow (MRQ): 1.48 mill
all financial data provided without warranty