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Article Excerpt M2 PRESSWIRE-31 December 2007-otcstockexchange.com: JADE, WNBD, SOEN, SESI - OTCStockExchange.com Stock Alert(C)1994-2007 M2 COMMUNICATIONS LTD
RDATE:31122007
Rochester, NY -- OTCStockExchange.com's "Stock Watch Alert" this morning are LJ International Inc. (Nasdaq: JADE), Winning Brands Corporation (Pink Sheets: WNBD), Solar EnerTech Corp. (OTCBB: SOEN), SES Solar Inc. (OTCBB: SESI).
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LJ International Inc. (Nasdaq: JADE - http://finance.yahoo.com/q?s=jade ) (Fri, December 28, 2007, 4:40pm ET) LJ International Inc. (LJI), a leading jewelry manufacturer and retailer, today announced financial results for the Company's first six months ended June 30, 2007.
Revenues for the first six months ended June 30, 2007 totaled $67.16 million, up 34% from $50.10 million in the first six months of 2006. Net income for the first six months ended June 30, 2007 was $1.83 million, or $0.08 per fully diluted share, up 60% on a per-share basis from $0.95 million, or $0.05 per fully diluted share, in the first six months of 2006. The majority of the rise in revenues for the first half of 2007 was primarily due to the growth of LJI's ENZO retail division, which currently has 93 retail stores in operation across Greater China.
LJI's overall gross profit in the first six months of 2007 rose to $19.32 million, or 29% of revenues, from $13.10 million, or 26% of revenues, in 2006 primarily as a result of the Company's higher-margin ENZO revenue mix.
Selling, general and administrative (SG&A) expenses for the first six months of 2007 totaled $15.06 million, up from $10.90 million in the first six months of 2006. The increase was due to increased advertising, rental, staffing and other costs stemming from ENZO's increased store count as well as higher corporate-level expenses, including legal and professional advisory services.
Winning Brands Corporation (Pink Sheets: WNBD - http://finance.yahoo.com/q?s=WNBD.PK ) (Fri, December 28, 2007, 3:02pm ET) Winning Brands Corporation www.WinningBrands.ca reports that initial production of its Winning Colours Stain Remover was blended on schedule and without incident at the previously announced new manufacturing facility in Grand Rapids, Michigan in December as forecast. Surefil LLC of Grand Rapids, Michigan www.Surefil.com, a top rated custom manufacturing facility, was able to produce the first 1/2 truckload batch on December 27th in a fraction of the previously required time, for packaging January 2nd and delivery to the distribution pipeline during the first week of January. This initial production was earmarked for use by Home Depot Canada to fill new custom metal aisle display stands of Winning Colours Stain Remover for testing at 100 stores; a merchandising concept requiring 9,240 32oz bottles. The M.S.R.P. value of these bottles to consumers is $91,938.00. Other stores to be announced in due course are also testing a smaller number of these new merchandising displays.
Winning Brands and Surefil are treating their strategic relationship as a model to illustrate the capabilities of both companies. In the...
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