Asia Time Corporation to Ring Amex Opening Bell on April 3
02 Avril 2008 - 1:00PM
Business Wire
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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