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Great China Mania Holdings, Inc. (OTCBB: GMEC) (the "Company" or "GMEC") today announced itsearnings for the quarter ended March 31, 2012. Highlights of First Quarter 2012 Financials Revenues for the quarter ended March 31, 2012 were $1.45 million,up 65% from $0.88 million for the same period in 2011. Gross profit was $434,855 for the current quarter, an increase of69% from $257,303 for the same period in 2011. Net loss for the current quarter increased slightly to $20,094 ascompared to $4,646 for the same quarter last year. Sales of electronic contents and traditional magazines increased to$625,170 for the current quarter, up 30% from $479,075 for the samequarter last year. Artist management services revenues increased three fold to$435,318 for the current quarter as compared to $105,768 for thesame quarter last year. Sales of video games and accessories increased by 34% to $393,668for the current quarter as compared to $294,010 for the samequarter last year. Gross profits increased across all 3 business segments for thethree months ended March 31, 2012 as compared to the same period in2011. Gross profit margin of the Company as a whole also improvedto 30% for this quarter from 29% for the same quarter last year. "I am pleased with GMEC's performance this quarter. Revenues andgross profits increased over all 3 business segments for the firstquarter of 2012 as compared to the same period last year," Wai HungYau, CEO of GMEC, commented. "In the first quarter of 2012, we havepartnered with Beijing Information Technology and launched an iPadapplication to release a digital magazine called 'Young Heat' inChina. This partnership enables GMEC to penetrate into the Chineseelectronic content market and is proved to be a great success.'Young Heat' reached out to a 1.4 million readership for just thefirst week after its launch." Mr. Yau further stated, "During the last quarter, we have alsobroadcasted our digital radio drama e-book through 'Guangdong Voiceof the City FM 103.6,' the biggest radio station in Southern China.Looking forward in this quarter, we will distribute this digitalradio drama e-book to other provinces in China through Internet andmobile networks." About Great China Mania Holdings, Inc.: GMEC is an electronic content provider that provides leisure andlifestyle related electronic content through portal websites andmajor cell phone network operators. The Company also utilizes thiselectronic content to produce traditional paper magazines. In orderto support the provision of electronic content, the Companyoperates an artist management company to leverage on the popularityof artists and celebrities in stories and events creations. Safe Harbor Statement Information in this document constitute forward-looking statementsor statements which may be deemed or construed to beforward-looking statements within the meaning of the PrivateSecurities Litigation Reform Act of 1995. The words "forecast,""anticipate," "estimate," "project," "intend," "expect," "should,""believe," and similar expressions are intended to identifyforward-looking statements. These forward-looking statementsinvolve, and are subject to known and unknown risks, uncertaintiesand other factors which could cause Great China Mania Holdingsactual results, performance (financial or operating) orachievements to differ from the future results, performance(financial or operating) or achievements expressed or implied bysuch forward-looking statements. The risks, uncertainties and otherfactors are more fully discussed in Great China Mania Holdingsfilings with the U.S. Securities and Exchange Commission. Allforward-looking statements attributable to Great China ManiaHoldings herein are expressly qualified in their entirety by theabove-mentioned cautionary statement. Great China Mania Holdingsdisclaims any obligation to update forward-looking statementscontained in this estimate, except as may be required by law. Great China Mania Holdings, Inc. Email Contact. I am an expert from ptfefep.com, while we provides the quality product, such as Ptfe Teflon Film , China Teflon Balls, Teflon Ptfe Sheet,and more.
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