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JT, I'm not trying to knock you or the stock, but how can you say they will make the AMEX this summer when they still haven't gotten their financials out yet? I would LOVE to be proven wrong (I own it), but they have a LONG way to go before listing--and that process alone can take months sometimes.
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THe powers that be have meetings with investors set in New York and L.A. from June 3- 15. I missed the dealine to register for the conference call. If anyone is attending, please post the info on this site! Thanks!
-------------------- Life only has so many choices, choose wisely.
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A fellow investor has started a website www.ctglf.com. He started it to keep other investors informed. He also communicates with the company on a regular basis. I believe JTmarlin is the person who started the website.
Maumee river rat, just take a look at the RSI and Accumulation/Distribution indicators along with the candlesticks. Even though the company has not yet reported financials the technical analysis of the chart is rather impressive. I am not pumping this stock I only have 7300 shares which is not much, I just know what the candlesticks and the RSI and the Accumulation/Distribution line say. I am holding this stock long and believe one day it will pay off big time. AMEX will probably not happen this year, most likely this will occur next year. Good entry point for all players both long and short. RSI at 33. Good luck to all.
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Management still has plans for the AMEX listing this year as stated my website www.CTGLF.com this is the week Mr Eddie Yu (corporate secretary said should be the release of the financials). Also News reguarding Dr. Fans Meeting with Trireme Corporation.
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DiChain Holdings acquires Centrans, the sixth largest forwarding company, for RMB350 million expanding DiChain's integrated logistics network in the PRC
DiChain Holdings acquires Centrans for RMB350 million
* * * * * Acquisition of the sixth largest forwarding company Expanding DiChain's integrated logistics network in the PRC
( 29 June 2005 - Hong Kong ) - DiChain Holdings Limited ("DiChain Holdings" or the "Group"), the parent company of China Merchants DiChain (Asia) Limited (SEHK stock code: 632) who aims to becoming a top total logistics solution provider in the PRC, is pleased to announce today the completion of the acquisition of Shanghai Centrans Logistics Company Limited ("Centrans"). Centrans will become a wholly-owned subsidiary of DiChain Holdings with immediate effect. The consideration for the acquisition was RMB350 million.
Chairman of DiChain Holdings Dr. Frank Fan and chairman of Centrans Mr. Xu Hui signed the sales and purchase agreement in Shenzhen earlier this month. According to the agreement, Centrans will become a 100%-owned subsidiary of DiChain Holdings. Apart from his capacity as Chairman of Centrans, Mr. Xu will become a director and vice president of DiChain Holdings. Other senior management and operations of Centrans will remain unchanged.
Through the acquisition of Centrans, DiChain Holdings will receive one of the best and most professional ocean logistics teams in the PRC and materialise a nation-wide integrated service network ranging from land to ocean, and spanning from southern to northern China . It is a significant move towards DiChain Holdings' strategy of building a one-stop logistics service network to achieve its aim of becoming a world-class logistics enterprise.
Centrans is mainly engaged in the air and ocean transportation agency business. It is managed by a professional team with extensive experience in the shipping industry and is one of the pioneers in international shipping in the PRC.
DiChain Holdings plans to restructure Centrans based on its existing businesses and to speed up its transformation into a service-oriented internationalized third-party logistics company. Mr. Tai Ching Nam , vice president of DiChain Holdings who is responsible for the Group's investment remarked, he would not rule out the possibility of floating Centrans in the domestic or overseas equity markets through an appropriate arrangement.
DiChain Holdings will continue its acquisition of overseas logistics enterprises. It is expected that the Group's logistics network will further expand this year. Mr. Tai is optimistic about the development, "DiChain Holdings will continue to pursue mergers and acquisitions as it originally planned in the coming two years and will strive to realize its goal of becoming a world-class logistics enterprise."
About Shanghai Centrans Logistics Company Limited
Shanghai Centrans Logistics Company Limited has several subsidiaries and tens of branches in the PRC. It was ranked the sixth largest international ocean transportation agency and tenth biggest integrated logistics company in terms of the amount of cargo processed. Centrans has an annual freight throughput of 1,600 ships. It also has a fleet of customs approved vehicles, import/export warehouses and a clearance agency to provide sea, road and air transportation services.
About DiChain Holdings
DiChain Holdings was established by China Merchants Group, one of China 's four biggest enterprises overseas, DiChain Holdings' management and overseas investment fund in March 2000. It is an investment holdings company with diversified businesses including logistics, information technology and properties investment. DiChain Holdings holds the Hong Kong-listed China Merchants DiChain ( Asia ) Limited (SEHK stock code: 632) and the U.S.-listed China Technology Global Corp (CTGLF) and China Pharmaceuticals International Corp (CPICF).
News From www.DichainAsia.com www.CTGLF.com
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Yes the info is old and it pertains to the parent company and not directly to CTGLF. Forget the press release as I am sure most of did anyway. If there is anybody holding long on this stock then e-mail Dr. Fan and express your displeasure in the morning if financials aren't released. There will be a significant amount of longs who are doing the same thing and it will show shareholder discontent. The more of us there are the more likely that we will be heard. Dr. Fans Email is FrankFan@Dichain.com.
For those of you who are not long in this stock then check out this chart and be ready to jump in when financials are released.
I know there are many different trading strategies but you can not deny the accumulation of this stock. Volume is now extremely low which to me indicates that much of the 38,900,000 float is being held by longs since accumulation has been occuring for over 8 months and when the financials are released the MM's will have a very difficult time manipulating this stock as they have done for several months as indicated in the above chart. I am not telling anyone to buy in now, just take a look at all the accumulation and jump in if the financials are as good as expected. Thanks and good luck.
P.S. I only own 7300 shares of this stock with average price around .17 so do not think I am just a pumper, just want you guys to know the facts.
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China Technology Global Corporation Signs Memorandum of Understanding with Shenzhen IER Digital SciTech Co., Ltd to Acquire Over 51% of the Shareholding Monday July 18, 7:00 am ET
HONG KONG, July 18 /Xinhua-PRNewswire-FirstCall/ -- China Technology Global Corporation (OTC Bulletin Board: CTGLF - News), a leading information technology solutions provider for logistics and supply chain management in China and Hong Kong, announced the signing of a Memorandum of Understanding to acquire over 51% shareholding of Shenzhen IER Digital SciTech Co., Ltd ("IERD"). IERD has agreed with CTGLF to start the due diligence for this strategic business acquisition.
IERD is a joint function of the governmental and educational institutions sponsored by the Shenzhen Municipal Government, Peking University, and Hong Kong University respectively. IERD is a high-tech enterprise, which is engaged in the development of IT fields of intelligent traffic, bio-metrical identification/verification, smart card technology, radio frequency, interchange ('RFIC') products/engineering, e-commerce, and e-logistics service etc. It has a broad spectrum of over 20 self-developed products. IERD is providing RFIC system, a complete range of solutions and products for automatic customer clearance services for trucks and other business vehicles for the Shenzhen Huang Gang Port, the No.1 overland-port in China. It is also the only services provider for all the freeway interchange (auto charge of toll-way) system in Guangdong Province. With the support from the government and well-known technology universities, IERD is moving towards becoming a national recognized enterprise with technical innovation, service of cordiality, and reputation.
Dr. Frank Fan, Chairman and Chief Executive Officer of China Technology Global Corporation commented: "The IERD's digital applications may prove to become one of the fastest growing IT businesses in China, integrating intelligent traffic, smart card, RFIC products/engineering, e-commerce, and e-logistics service etc. The tremendous market potential for this technology can be applied in many rising science technology industries. IERD is currently providing the most exclusive interchange services for the port and freeway. This exclusivity will create immense synergy between IERD and CTGLF. CTGLF's main shareholder, China Merchants DiChain Holdings Ltd. ('DiChain') is a reputable member of China Merchants Group ('CMG'), one of the top 50 national enterprises in the PRC. CMG is a major shareholder of all the freeway companies in China. This strategic acquisition will enable faster penetration of the RFIC state-of-the-art technology, and position us for rapid growth of revenue in the future.'
About China Technology Global Corporation
China Technology Global Corporation ( www.ChinaTechGlobal.com ), headquartered in Hong Kong, with operational offices located in Shenzhen, China and six other major cities throughout China, designs, manufactures and sells customizable software and hardware systems, which integrate GIS (Geographic Information System), GPS (Global Positioning System), as well as Wireless and Web technologies into a proprietary application platform. The Company's subsidiary, DiChain Software, was recognized as one of the leading IT solution providers in logistics and supply chain management in China in 2002 and 2003 by International Data Corporation, a world leading IT consulting firm, and named the 'Best Value Added Reseller' by its strategic industry partner IBM Corp. in 2003. DiChain Software has strategic alliances with some of the world's largest companies, including IBM, GE, Oracle, Hewlett Packard, ILOG, DELL, Motorola, and China Mobile.
The Company's leading industry position is further leveraged by its relationship to China Merchants DiChain Holdings Ltd, the Company's major shareholder who is a reputable member of China Merchants Group, one of the top 50 national enterprises in China with over $30 billion assets under its management.
In the future, the Company aims to become one of the leading Chinese technology companies by investing its resources into computer, wireless, and internet related information technologies.
Forward-Looking Statement Disclosure
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions or other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission. The Company's actual results could differ from such forward-looking statements. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
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See chart. http://stockcharts.com/def/servlet/SC.web?c=CTGLF,uu[h,a]daclyyay[pd20,2!b200][vc60][iUc20!Lb14]&pref=G
Just this little bit of news could send it significantly higher with all the accumulation over the last eight months. Float minus longs is specutively less than 10 million.
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Volume over 100,000 already price up to .109.
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Eric it is my belief that CTGLF is a great long term play and it is a legite company. The company has plenty of backbone as you will see in the following links. The accumulation/distribution line and chaikin money flow both indicate strong accumulation of this stock for the past 8 months. The company has not yet released financials as they said they would and they have not had many English press releases until the past 3 days.(The press releases that you will see on the links below that are dated JUNE 29 and JUNE 30 were released on Saturday JULY 16). Several investors emailed the company and expressed our discontent of no press releases or financials on Friday July 15 and they seemed to have listened. Do a thorough study of the company and make your own decision. If you decide to invest then be prepared for anything as the price of the stock is unpredictable at this time, as you can see by the behaviour of the price after a good press release today. I believe that this will not be the case in the future but again that is my opinion. Feel free to send me a private reply if you would like to know anything else.
macdrsirules
Company website http://www.chinatechglobal.com/ Company presentation http://www.chinatechglobal.com/img/0501.pdf Outstanding shares approx. 250 million Float approx. 48 million It is estimated that the float that is not being held by investors is less than 20 million and my guess is considerably less than that.
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CTGLF moved above 20 and 50 day ma last two days. 200 day ma at .19. Short term traders may want to enter now. I am holding long but looks like decent entry as uptrend seems likely with tight bollinger bands the last few days and crossing 20 and 50 day ma. Good luck. http://stockcharts.com/def/servlet/SC.web?c=CTGLF,uu[h,a]daclyyay[pd20,2!b50][vc60][iUb14!Lc20]&pref=G
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