Latest China Teletech Limited News
Apr 22, 2015
China Teletech Holding Showing no Revenues Q1 and Q2 for 2014: Analyst... -- NEW YORK, April 22, 2015 /PRNewswire/ -- China Teletech Holding Showing no Revenues Q1 and Q2 for 2014: Analyst Report Issued by BrokerBank Securities, Inc. NEW YORK, April 22, 2015 /PRNewswire/ -- China Teletech Holding Inc. (OTCMKTS: CNCT) was incorporated in China and formerly known as Guangzhou Global Telecom, Inc. The Company Serves as one of the principal distributors of China Telecom, China Unicom, and China Mobile products in Guangzhou city. The company has cooperative distribution relationships with Panasonic, Motorola, LG, GE, Bird, Samsung corporations for their mobile handsets. The company also engages in the wholesale and distribution of mineral water and trading wine in China. The Company closed on April 20th at a price of $0.0150, recording a loss of -36.17% with a Vol/Avg of 7.37M/556,843. The Company reported revenue of 1.22M in Q3 2014 after two straight quarters of no revenue. For the Q3 2014 ending Sep '14, the Company reported Net Profit Margin and Operating Margin of -25.25% and -21.08% respectively. For a more in-depth look at China Teletech Holdings Inc. including a financial analysis and analyst recommendation please follow the link below. There is no cost obligation to view this report. http://bit.ly/-CNCT-AnalystBrief Copy and paste to browser may be required. This report was prepared for informational purposes only. Affiliated parties involved with producing and issuing this report have not been compensated in any form by profiled company. A full disclaimer can be found by viewing the full analyst report. FORWARD-LOOKING DISCLAIMER This report may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of mentioned company to be materially different from the statements made herein. COMPLIANCE PROCEDURE Content is researched, written and reviewed on a best-effort basis. This document, article or report is written and authored by Olubusayo Faderin, experienced research analyst. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below. We do not engage in high frequency trading. BrokerBank Securities, Inc. is a member of the Financial Industry Regulatory Authority, CRD number #130116.