[Ormskirk LUG] Play Small-Caps for Big Gains
Catherine
deemphasize at monteran.com
Tue Aug 16 03:19:04 BST 2005
CHINA DIGITAL MEDIA CORPORATION REPORTS STRONG FINANCIAL RESULTS
Revenues and Net Income Increase 59% and 38% Respectively
Monday was FANTASIC as stock trades AMAZING 435.000 shares,
now news is out so stand back and watch this take off !!!
SYMBOL: CDGT
Current Price: $2.33
2-5 Day Trading: $5-7
Press Release
Source: China Digital Media Corporation
China Digital Media Corporation Reports Strong Financial Results:
Second Quarter of 2005 Revenues and Net Income Increase 59% and 38% Respectively
Monday August 15, 8:00 am ET
HONG KONG, Aug. 15 /Xinhua-PRNewswire-FirstCall/ --
China Digital Media Corporation ("Digimedia") (OTC Bulletin Board: CDGT - News)
announced today its financial results for the Second Quarter ended June 30, 2005.
Financial Highlights for the Three Months Ended June 30, 2005 Compared
to the Three Months Ended June 30, 2004:
-- Revenues increased 59% to $1,310,811 from $822,210
-- EBITDA improved 80% to $996,975 from $554,723
-- Net Income increased 38% to $705,651 from $511,411
Financial Highlights for the Six Months Ended June 30,
2005 Compared to the Six Months Ended June 30, 2004:
-- Revenues increased 56% to $2,304283 from $1,481,519
-- EBITDA improved 78% to $1,697,766 from $951,343
-- Net Income increased 29% to $1,143,504 from $883,255
The strong performance in the second quarter of 2005 compared to the same period
in 2004 was primarily due to the increase in number of TV subscribers, sales of Pay-TV
and revenues from commercial accounts of digitalization of television signals.
Furthermore, the company experienced significant growth in the second quarter of 2005
as compared to the first quarter of 2005.
"We are very delighted with our strong performance in the second quarter of 2005.
These results confirm our efforts in migration of the television broadcasting system
and the operations of Pay-TV services in Nanhai, China. In addition, the per-subscriber
revenue has increased significantly," said Mr. Daniel Ng, Chairman and CEO
of China Digital Media Corporation. "We anticipate continued strong results
from our core business. Our recent investments and upcoming acquisitions
could further contribute considerably in our growth during the second half of 2005,"
Mr. Ng added.
WE TOLD YOU MONDAY WAS GOING TO BE WOW, WATCH TUESDAY AS IT EXPLODES AGAIN !
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