CHARLOTTE, N.C., May 2, 2006 (PRIMEZONE) -- China 3C Group (OTCBB:CHCG) announced yesterday that the Company expects revenues to increase 176%. CHCG expects revenues in the $90 to $93 million range for 2006 versus $32.58 million for the full year 2005.
The Company sees net income for 2006 in the range of $6 to 6.5 million which would be an increase of 314%, compared to 2005's profit of $1.45 million.
CHCG is the parent company of two well known and established electronic product distributors currently doing business in Eastern China.
China 3C Group is currently a "Focus Stock" at SmallCapReview.com. To learn more about CHCG please see the profile at http://www.smallcapreview.com/chcg.htm or visit the company's website at http://www.china3cgroup.com.
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Forward-Looking Statements
This report contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon current expectations and speak only as of the date hereof. Actual results may differ materially and adversely from those expressed in any forward-looking statements. The Annual Report on Form 10-KSB, recent and forthcoming Quarterly Reports on Form 10-QSB, recent Current Reports on Forms 8-K and 8-K/A, and other SEC filings discuss some of the important risk factors that may affect the business, results of operations and financial condition of China 3C. We undertake no obligation to revise or update publicly any forward-looking statements for any reason except as required by law.
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