Asia Time Corporation (Amex:TYM)(�Asia Time�) today announced that the Company�s Chairman, CEO and CFO, Kwong Kai Shun, and its Director and Corporate Secretary, Michael Mak, will ring the opening bell at the American Stock Exchange (�Amex�) on Thursday, April 3, 2008, in New York City. Asia Time�s common stock began trading on the Amex on February 12, 2008. �We are honored to participate in the Amex opening bell ceremony,� said Mr. Kwong. �Asia Time is a leader in the timepiece movements distribution market, and has generated solid revenue growth since 2002. For 2007, we reported net sales of $97.0 million, an increase of 19.5% year-over year, and we are projecting at least 30% growth in both revenue and net earnings for 2008 and 2009. We believe that our recent listing on the Amex will expand our exposure to the investment community and further enhance shareholder value.� To view a video of Asia Time�s bell ringing ceremony, visit http://amex.com/atamex/news/am_events_main.html. Media interested in this event can access a feed via fiber line at Ascent Media/Waterfront loop # 6208 beginning at 9:05 a.m. Eastern time on April 3, 2008. Please call Bari Trontz of Amex Broadcast Services at 212-306-8964 or Ascent Media/Waterfront Network Scheduling at 1-800-295-4198 for further information. About Asia Time Corporation Asia Time is a watch movement and watch distributor headquartered in Hong Kong. The Company distributes watch movement components used in the manufacture and assembly of watches to a wide variety of timepiece manufacturers. Asia Time markets more than 350 products from over 30 vendors, including such market leaders as Citizen, Seiko and Ronda. For more information, please visit www.asiatimecorp.com. To be added to the Company�s email distribution for future news releases, please send your request to asiatime@finprofiles.com. Forward Looking Statements This press release contains certain "forward-looking statements," as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. Such factors include, but are not limited to, our dependence on a limited number of suppliers, cyclicality of our business, decline in the value of our inventory, significant order cancellations or delays, competitive nature of our industry, vulnerability of our business to general economic downturn, our ability to obtain all necessary government certifications and/or licenses to conduct our business, changes in the laws of the People's Republic of China that affect the Company's operations, development of a public trading market for the Company's securities, cost of complying with current and future governmental regulations and the impact of any changes in the regulations on the Company's operations and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities. The risks included here are not exhaustive. The Company undertakes no obligation to publicly update or revise any forward- looking statements, whether as a result of new information, future events or otherwise.
Asia Time Corp (AMEX:TYM)
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