China America Holdings (OTCBB: CAAH)
SFMI moves UP STEADILY THIS MORNING with its War Eagle Operations in FULL SWING.
China America Holdings, Inc. anticipates 2008 net income will exceed $1.2 Million USD.
China America Holdings, Inc. has deliberately sought to develop a diverse company in terms of businesses and revenue. I believe the news release yesterday indicates that they will continue to look for businesses that will enhance their revenue stream while growing the three businesses they currently operate.
I think management’s forthright statement regarding net income for 2008 gives a strong indication of their understanding of historic sales from their three divisions and potential sales for the year.
Management stated the company’s preliminary review of their business outlook for 2008 indicates revenue for will exceed $50 million. This reflects a strong sales pipeline for CAAH.
CAAH and 2008 Expectations
CAAH made strong statements regarding their 2008 earnings.
Revenue to Increase Significantly for Fourth Quarter
Because CAAH made the formal that announcement that solid revenue can be anticipated from AoHong I asked our reseasrch department to look into the market for liquid coolants in China.
The liquid coolant is an excellent market in terms of automobiles. Aohong sold 15,000 tons of liquid coolants in fiscal 2006. Manufacturers of automobiles were a large part of their clientele. Auto sales in China have been growing at 20% to 30% annually notes Business Week and this rate of sales is expected to continue.
For anyone in the liquid coolant business this is good news!
Dong Yang, deputy director of the China Association of Automobile Manufacturers (CAAM), believes that China’s auto market will keep growing at a rapid pace for the long term. “Chinese residents are shifting their focus in consumption from food and clothing to housing and transport. Many families still haven’t got a car. Great demands have created a vast market for international auto makers,” Dong said.
While the Biometrics Segment of CAAH’s business continues to be strong and the toy segment has an excellent outlook I think we will see excellent returns in the liquid coolant business based on CAAH’s statements and China’s incredible growth potential.
CAAH reported in the third quarter gross profit margin of approximately 82% as compared to approximately 52% for the nine months ended September 30, 2006. This shows an excellent upward trend with a sharp focus on expense containment.
I think we can expect to see a strong revenue foundation with CAAH’s liquid coolant business.
Sources: Financial Times, CAAH, Business Week
China America Holdings, Inc.
4503 Nw 103rd Avenue
Suite 200
Sunrise, FL 33351
http://www.senseme.com
Phone: (954) 726-1422
About China America Holdings, Inc.: China America Holdings, Inc. engages in the design, manufacture, and sale of fingerprint-based identification products and systems. It offers biometric BioClock, a network enabled system, which replaces traditional identification devices. The company provides CheckPrint T/A system that authenticates the employee’s identity, tracks total hours, and calculates the correct pay rates, as well as performs employee scheduling, job cost analysis, editing time punches, electronic calculations, and related record keeping functions. It also offers CheckPrint A/C access control systems, which permit access to locked buildings, offices, or other secured areas; CheckPrint ATAC that combines access control, and time and attendance systems; Biometric Distribution Server, which enables other systems to operate in a multiunit configuration; CheckPrint SDK, a software development kit for biometrics, which enable purchasers and licensees to create custom applications for the software and hardware; CheckPrint DTU to secure a computer terminal, files, and folders through fingerprint identification; and CheckPrint SDTU that provides users the ability to secure a computer terminal with fingerprint biometric technology and a smart card.
In addition, China America Holdings holds patent licenses for micro electro mechanical sensors technology to detect unexploded ordinance, including bombs, grenades, shells, rockets, and other explosive devices. Further, the company operates as a distributor of chemical fluorine products, as well as a toy sourcing and exporting company. China America Holdings sells its products through original equipment manufacturers and independent sales representatives to manufacturers, retailers, and other businesses in the United States and China. The company was founded in 1968. It was formerly known as Sense Holdings, Inc. and changed its name to China America Holdings, Inc. on November 26, 2007. China America Holdings is based in Sunrise, Florida.
Forward Looking Statements: This release may contain forward-looking statements. The words “believe,” “expect,” “should,” “intend,” “estimate,” and “projects,” variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company’s current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company’s filings, which are on file with the U.S. Securities and Exchange Commission (SEC).
