LONG, eLong Inc.
CCTR, China Crescent Enterprises Inc, CCTR.OB
NWMT, NewMarket Technology, Inc., NWMT.PK
DrStockPick Watch List!
DrStockPick Watch List! for Thursday August 27, 2009
My Picks for Thursday August 27, 2009 are:
LONG, eLong Inc.
LONG provides online travel services in the People’s Republic of China. Headquartered in Beijing, LONG has a national presence across China, and uses web-based distribution technologies and a 24-hour call center to provide consumers with accurate travel information and high quality travel booking services.
LONG’s services include hotel information and reservation services, airline reservations, and ticketing services.
After Closing Bell, LONG reported Second Quarter 2009 on Unaudited Financial Results, Total gross revenues increased 1% year-on-year and net revenues increased 1% year-on-year
More abut LONG at www.elong.com
CCTR, China Crescent Enterprises Inc, CCTR.OB
CCTR is a technology leader in the rapidly developing Chinese market specializing today in software engineering, high quality software development and digital multimedia outsourcing services delivered to customers globally. At the same time, CCTR is a systems integrator and value added reseller of major global hardware brands in the Chinese domestic market.
CCTR has selected Chinese telecom equipment manufacturer Huawei Technologies for its first planned WiMAX project in Africa. CCTR has targeted Kenya as its next foreign market expansion opportunity. CCTR recently participated at the African Advanced Level Telecommunications Institute (AFRALTI) WiMax Conference in Nairobi in preparation to begin operations in Kenya. Kenya already has a fiber-optic cable infrastructure in place throughout the country, and three submarine cables under construction or currently coming on line.
CCTR anticipates the first phase of its first WiMax project in Africa to be online in the first quarter of 2010.
CCTR reported recently $17 million in revenue and an over 200% net income increase to $1.1 million through the first six months of 2009. The Company has forecasted profitable revenue growth in 2009 compared to 2008. The first six months results beat management expectations.
More about CCTR at www.chinacrescent.com
NWMT, NewMarket Technology, Inc., NWMT.PK
NWMT has combined a traditional systems integration and support services capacity with a specialized asset-based approach to assisting its clients with the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations.
NWMT provides certified integration and maintenance services to support the prevailing industry standard solutions. Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions.
NWMT and NewMarket Colombia, SAS, a wholly-owned foreign subsidiary headquartered in Bogota, Colombia, announced a three-year, $33 million outsourcing agreement with WBA (Wireless Broadband Access) Telecommunications, S.A. of Bogota, Colombia, under which WBA will outsource substantially all of its current operations to NewMarket Colombia. This is NWMT�s second major outsourcing agreement signed this year. NWMT previously announced a similar agreement in Shanghai, China earlier this year.
NWMT reported a 43% net income increase in the second quarter 2009 over the same three-month period in 2008. The approximate $1.2 million in second quarter net income beat management’s expectations and puts the Company ahead of pace for its yearend profit objectives.
More about NWMT at www.newmarkettechnology.com
Add LONG, CCTR and NWMT to your Watch List!, do your homework, and like always BE READY for the ACTION!
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