2007'02.01.Thu
Sunrise Real Estate Development Group, Inc. Reports Significant Increase in Net Income

April 04, 2006

SHANGHAI, China, April 4 /Xinhua-PRNewswire/ -- Sunrise Real Estate Development Group, Inc. (OTC Bulletin Board: SRRE) reported net income of $2.1 million in 2005, up significantly from $63,944 in 2004. The Company's earnings per share for 2005 were $0.10 per share. Net revenue increased 41% to $10.9 Million in 2005 from $7.7 Million in 2004. The Company attributes most of the increase in revenue to its co-investment strategy. Co-investing in real estate projects with developers gives Sunrise exclusive marketing rights and share of sales proceeds above a fixed agreed price. Sunrise Real Estate Development Group, Inc. is a publicly traded real estate marketing and investment company that operates exclusively in China. Forward Looking Statements The common stock of Sunrise Real Estate Development Group, Inc. is listed on the OTC Bulletin Board under the trading symbol "SRRE". This press release contains forward-looking information within the meaning of Section 29A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forwarding-looking statements include statements concerning plans, objectives, goals, strategies, future events or performances and underlying assumption and other statements, which are other than statements of historical facts. Certain statements contained herein are forward-looking statements and, accordingly, involve risks and uncertainties, which could cause actual results, or outcomes to differ materially from those expressed in the forward-looking statements. The Company's expectations, beliefs and projections are expressed in good faith and are believed by the Company to have a reasonable basis, including without limitations, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties, but there can be no assurance that management's expectations, beliefs or projections will result, or be achieved, or accomplished. For more information, please contact: Vivian Zhang, Sunrise Real Estate Development Group, Inc. Tel: +86-21-6422-0505 x840 Email: ir@sunrise-sh.net Web: http://www.sunrise.sh SOURCE Sunrise Real Estate Development Group, Inc.
PR
Post your Comment
広告
ブログ内検索
アーカイブ
カウンター