SHANXI PROVINCE, China, Jan. 10, 2007 (PRIME NEWSWIRE) -- Tom Collins, the U.S. representative for Shiming Inc. (OTCBB:AGTA) of Mercantile Ascendency (www.mercantileascendancy.com ) will be joining Mike the Analyst from MN1 Micors Report live for an exclusive discussion on the unveiled analyst report on Market News First (www.MN1.com ). The live interview will be held on Wednesday, Jan. 10, 2006, at 2:00 p.m. CST.
The Analyst Report highlights:
-- On November 10, 2006, Argenta Systems Inc. closed on a Reverse
Acquisition with Shiming (Cayman) Ltd. Located in Shenzhen, China,
Shiming is a designer, developer, and manufacturer of liquid
crystal display (or LCD) products such as computer monitors and
televisions.
-- Now a wholly owned subsidiary of Argenta, Shiming has been
involved in the research and development of consumer electronics
products and technologies for several years.
-- Shiming operated as a private company prior to this acquisition,
and now brings its significant revenue, profit stream, and book
value to the bulletin board for the U.S. public markets.
-- With roughly $8.5 million in retained earnings, book value per
share of about $0.38, and trading at a forward P/E ratio of
4.7x, Shiming brings significant value and profit to the U.S.
investment markets.
Shiming (Cayman) Co., Ltd. owns 100 percent of Shiming Management, which is a wholly foreign-owned enterprise under the laws of the People's Republic of China. Shiming Management effectively operates, controls, and beneficially owns the LCD business in China through a series of contractual arrangements Shiming Technology, a joint stock limited liability.
Join Tom Collins and Mike "The Analyst" Willingham to learn more about the goals of the company, as well as its position in the stock market.
About Shiming Inc.
Shiming Inc. is a consumer electronics company, with a particular focus on the development and manufacture of competitively priced liquid crystal display (LCD) products, including high-definition TVs (HDTV) and computer monitors. Shiming's manufacturing plant is located in the Changxin High and New Technology Industrial Garden in Shenzhen, China. For several years Shiming has been involved in the research and development of consumer electronics products and technologies such as LCD, plasma displays, and household electronics.
Shiming was originally formed in 1999 as Shaanxi Shiming Science & Technology Joint Stock Company Ltd., under the laws of the PRC. In 2004, we formed the Operating Company as a parent holding corporation by the name of Shiming (Cayman) Ltd., a limited liability company incorporated under the laws of the Cayman Islands, which currently owns 100% of the outstanding capital stock of Shiming Management, which operates controls and beneficially owns Shiming Technology. In November 2006, pursuant to the Exchange Agreement, the Operating Company became the wholly owned subsidiary of Argenta Systems, Inc. (OTCBB:AGTA).
About MN1.com
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