Located in Shenzhen, China, GLNC has transformed from a traditional Original Equipment Manufacturer (OEM) company into a operating three different business sectors - OEM, Name Brand Personal HandyPhone Systems (PHS) cellular phones, and digital satellite receivers. Based on recent orders, the company is expected to increase sales revenue 400 percent within the next 12 months.
Guonuo (Shenzhen) Industrial Company Co. Ltd. and has received the following honors in China:
*** National Key New Products - State Economic Trade Commission. *** High Tech Enterprise - Science and Technology Bureau of Shenzhen *** Honor of Shenzhen City Top 10 Enterprise
You're encouraged to visit http://www.guonuo.com This website offers the REAL operations of the company. If you can read Chinese, visit the Chinese version of the website, the Chinese version has updated information about the current activities.
June 3, 2005--Global National Communications Corporation (OTCBB: GLNC - News) is pleased to inform shareholders that company sales revenue is {b] projected to increase approximately 400 per cent from the previous 12-month period to $80 million. The rapid sales growth is expected in three business sectors: OEM, Personal Handyphone System (PHS) cellular phones and digital satellite receivers.
I had some doubt about their revenue projection when I saw their Q1 numbers. After I did more research on their previous announcements, now I am comfortable with their projection. Please note, they are projecting the next 12 months starting from June 2005.
The company mentioned the backlog for their own phones is $44 million, this was revealed in one of their previous releases announced in 02/2005 (these phones will start to ship starting March):
"The company also anticipates that the previously announced PHS contracts, totaling approximately $44 million, will begin to impact the financial results of the company over the next 90 days. The company is forecasting gross sales of $60 million U.S. for the year starting March 2005."
Secondly, they acquired the technology and manfacturing rights on Teltone phones, as stated above, Teltone could add $45 million potential. So their guidance of $80 million for this year is not quite off the mark.
The company achieved $7.8 million revenue for April-June quarter, which is 114% higher than $3.87 mil for Jan-Mar quarter. Assume the revenue grows 40% quarter to quarter for the next four quarters, the revenue for the next four quarters could be in the range of: $10.94 mil, $15.28, $21.4, $29.96 mil = $77.58 million.
05/12/2005 Global National Communications Corporation Completes Agreement to Acquire Technology Rights From Shenzhen Teltone Technology Company; Teltone is China's fourth largest Personal Handyphone System cellular company http://tinyurl.com/8tt7y Teltone is China's fourth largest Personal Handyphone System (PHS) cellular company. Sales of these next generation phones are expected to reach approximately $45 million U.S. in the next year.
04/12/2005 Global National Communications Corporation Raises $2.2 Million U.S. for Working Capital http://tinyurl.com/dlnmr
03/22/2005 Global National Communications Corporation Signs Initial Agreement to Acquire Technology Rights From Shenzhen Teltone Technology Co http://tinyurl.com/b2ual
02/24/2005 Global National Communications Corporation Net Sales Reach $4,371,815 U.S. for the Fiscal Quarter Oct-Dec 2004 http://tinyurl.com/dh57w "The company also anticipates that the previously announced PHS contracts, totaling approximately $44 million, will begin to impact the financial results of the company over the next 90 days. The company is forecasting gross sales of $60 million U.S. for the year starting March 2005."
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