China Natural Gas Reports Third Quarter 2007 Financial Results Wednesday November 14, 9:00 am ET
NEW YORK, Nov. 14 /PRNewswire-FirstCall/ -- China Natural Gas, Inc. (OTC Bulletin Board: CHNG - News), one of the leading providers of pipeline natural gas for industrial, commercial and residential use and compressed natural gas (CNG) for vehicular fuel in Xi'an, China, today announced its third quarter financial results for the period ended September 30, 2007.
Financial Highlights for the Third Quarter 2007: -- Quarterly revenue increased 39% year over year to $9.1 million. For the nine month period, revenue increased 100% to $24.1 million. -- Quarterly gross profit increased 34% year over year to $4.3 million. For the nine month period, gross profit increased 107% to $12.0 million. -- For the quarter, gross margin decreased year over year from 49.7% to 47.6%. For the nine month period, gross margin increased from 48.2% to 49.7%. -- Income from operations for the quarter decreased 9% year over year to $2.4 million. For the nine month period, income from operations increased 93% to $8.1 million. -- Quarterly net income decreased 11% year over year to $2.0 million. For the nine month period, net income increased 92% to $6.8 million. -- Quarterly net income per share decreased 22% year over year to $0.07 per share. For the nine month period, net income per share increased 81% to $0.27.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7767 | From: Virginia | Registered: May 2006
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COPI (.015) Compliance Systems Corporation Announces Increased Revenues of 31.2% for Q3 2007
Wednesday, November 14 2007 10:12 AM, EST Business Wire "US Press Releases " GLEN COVE, N.Y.--(BUSINESS WIRE)-- Compliance Systems Corporation (OTC/BB: COPI) a provider of Do Not Call compliance solutions, announces the results of the quarter ended September 30, 2007 . Revenues for the three months ended September 30, 2007 were $509,190 compared to revenues of $387,994 for the corresponding period in 2006. This increase of $121,196 , or 31.2%, was principally attributable to increased revenues from VeriSign, its principal TeleBlock distributor. An increase of 46 million call counts for its TeleBlock service increased the Company's revenues by $109,514 from the corresponding period in 2006. The Company also generated additional revenue of $31,553 from other revenue sources including its online guides, VoIP services, and Enhanced Caller ID. This substantial increase in revenues for the quarter was partially offset by reduced revenues of $19,871 earned from a former TeleBlock distributor. The Company's quarterly net loss decreased by $119,883 , or 40.3%, to $177,708 in 2007 from $297,591 in 2006. This decrease is directly attributable to an increase in gross margin due to significantly higher sales as well as a decrease in selling, general, and administrative expenses of $75,266 . As a percentage of sales, the net loss decreased significantly by 41.8% to 34.9% from 76.7% for the quarter. Please refer to the Company's quarterly report on Form 10-QSB for the quarter ended September 30, 2007 for more complete information on the Company's operations.
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Posted by: jbones001 In reply to: None Date:11/14/2007 9:11:25 AM Post #of 221182
WRNW (.0005) DVFI (.0005) Well Renewal Announces Stock Dividend
Wednesday, November 14 2007 9:03 AM, EST *********wire "*********wire " TULSA, Okla ., Nov. 14, 2007 (PRIME NEWSWIRE) -- Well Renewal, Inc. (Pink Sheets:WRNW), an emergent, rapidly growing diversified oil and gas regional operator specializing in oil and gas exploration, enhanced recovery methods of abandoned, low-production oil properties, and oil field services, is pleased to announce a dividend for all shareholders of record as of December 3, 2007 . According to the details of this dividend, each shareholder shall receive one share of Diversified Oil and Gas Holdings, Limited (Other OTC:DVFI) for every sixteen shares of WRNW owned as of December 3, 2007 . David Rees, WRNW CEO, stated, "We feel that this dividend enhances shareholder value for each of our shareholders." Mr. Rees continued, "This marks the beginning of an exciting partnership with DVFI that we anticipate will enrich the value of WRNW." About Well Renewal, Inc. Well Renewal, Inc. , headquartered in Tulsa, Oklahoma , is principally engaged in oil and gas exploration as well as enhancement and recovery of abandoned and low production oil properties, and oil field services, and is actively acquiring businesses in the oil and gas industry. About Diversified Oil & Gas Holdings, Ltd. Diversified Oil & Gas Holdings Limited is a diversified investment venture capital firm. Its principal business is focused on exploiting and distributing domestic oil and gas reserves. The domestic fuel market is presently estimated to exceed $10 billion . Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements. CONTACT: Well Renewal, Inc. David Rees, CEO 918-585-5101 info*wellrenewal.com
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