China Linen Textile Industry (CTXIF.OB) Posts Record Q3 Results, Raises Guidance
China Linen Textile, producer, marketer and exporter of fabric and yarn, today posted record third quarter 2010 results, reporting increases stemming from increased market demand and enhanced sales efforts. "We are pleased to report record revenue and earnings for the third quarter of 2010, which were a direct result of our expanded sales efforts for our broad line of linen fabrics, increased linen yarn distribution channels, and our fixed asset lease agreement with Lanxi Tianxianfang Linen Company, Ltd. which significantly expanded our production capacity," Gao Ren, chairman and president of China Linen stated in the press release. "Our recent acquisition…