ORLANDO, Fla., Nov. 14, 2007 (PRIME NEWSWIRE) -- RedChip Companies Inc., announced that it has moved Orsus Xelent Technologies Inc. (AMEX:ORS), a designer and manufacturer of award-winning mobile phones, from its Visibility index to its Independent index.
Tony Telan, MBA, RedChip Analyst, stated:
"RedChip Independent, a division of RedChip Companies, has five basic criteria that must be met by all companies listed on the independent index: effective management; mass appeal or investment in a new product or service that will be rewarded by a large market opportunity; growing revenue; improving margins; and profitability or near-term profitability. Orsus satisfies all of the criteria necessary for the RedChip Independent Index."
He added, "Orsus continues to deliver impressive financial results. For the first half of fiscal year 2007, revenues surged 43 percent and net income 18 percent compared to the first half in fiscal year 2006. In addition, gross, operating, and net margins all expanded at a substantial rate during the most recent quarter compared to the same period in the previous year. We believe that Orsus will continue to experience rapid and sustained growth with a strong contribution from the sales of specialized application devices."
To access the most recent report on ORS, visit: http://www.redchip.com/visibility/about.asp?page=requestors_Q2_2007&from=11132007news
The RedChip Independent Index is available through the following link: http://www.redchip.com/visibility/RCIindex.asp
About Orsus Xelent Technologies, Inc.
Orsus Xelent Technologies is a Beijing-based designer and manufacturer of award-wining mobile phones. The Company's business encompasses the design and manufacturing of mobile phone hardware, R&D specialized software application and mobile phone integration technology. ORS offers a wide range of high-performance mobile phones for the value conscious consumer. ORS owns its proprietary platform, named Spreadrum and MTK, which allows the Company to develop a series of low-cost mobile phones with innovative functions. The Company's products have received several awards for their innovative features and designs.
About RedChip Companies, Inc.
RedChip Companies is an international small-cap research and financial public relations firm with offices in Beijing and Orlando and affiliates in New York and San Diego. RedChip delivers measurable results for its clients through its extensive international market expertise as well as its comprehensive platform of products: RedChip Research, Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences held throughout the United States, RedChip Radio, and RedChip TV.
Disclosure
The analysts contributing to this report do not hold any shares of ORS. Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. RedChip certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analyst in the report. Additional information on the securities mentioned in this report is available upon request. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change. In the purview of Section 17(b) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that RedChip is an investor relations firm hired by the Company and receives a monthly fee of $10,000 for RedChip services.