GZGT GuangZhou Global Telecom, Inc. featured news, full reports, and detailed charts
GuangZhou Global Telecom, Inc. (GZGT/GZGT.OB) Wrap Up:
Guangzhou Global Telecom, Inc. engages in the distribution and trade of rechargeable phone cards, and cellular phones and accessories in the People’s Republic of China. It also maintains and operates the prepaid mobile phone card sales and distribution center in Guangdong Province, the People’s Republic of China. Guangzhou Global serves wholesalers, retailers, and final users. The company was incorporated in 2004 and is based in Guangzhou, the People’s Republic of China.65 Employees
GuangZhou Global Telecom, Inc. (GZGT:OTC Bulletin Board Market)
LAST $0.01 USD
CHANGE TODAY -0.001 -9.09%
VOLUME 153.0K
As of 3:24 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of GuangZhou Global Telecom, Inc. (GZGT)
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OPEN
$0.01
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PREVIOUS CLOSE
$0.01
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DAY HIGH
$0.01
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DAY LOW
$0.01
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52 WEEK HIGH
04/30/09 - $0.05
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52 WEEK LOW
03/12/09 - $0.0041
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MARKET CAP
1.3M
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AVERAGE VOLUME 3 mo
277.2K
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DILUTED EPS TTM
$-0.01
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SHARES OUTSTANDING
134.3M
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GZGT Does Not Pay Dividends
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P/E TTM
NM
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GZGT Top Compensated Officers
Ms. Yankuan Li
Chairman, Chief Executive Officer and Preside...
Age: 52
Total Annual Compensation: --
Mr. Richard Yan
Chief Financial Officer and Principal Account...
Age: 34
Total Annual Compensation: --
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for GuangZhou Global Telecom, Inc. (GZGT)
GuangZhou Global Telecom Inc. Announces Resignation of Jingda Ni as General Manager
09/22/2009
GuangZhou Global Telecom Inc. announced that Mr. Jingda Ni resigned as General Manager of the company, effective September 21, 2009, due to personal and health reasons. There were no disagreements between Mr. Ni and us or any officer or director of the company.
GuangZhou Global Telecom Inc. Reports Earnings Results for Second Quarter and Six Months Ended June 30, 2009
08/17/2009
GuangZhou Global Telecom Inc. reported its fiscal 2009 second quarter results for the period ended June 30, 2009. Revenue in the second quarter of 2009 was $3.8 million, down 57% from $8.7 million in the second quarter of 2008. The decline in revenue is primarily the result the decline in demand due to the global economic downturn and of the closure of the Beijing Lihe subsidiary and its Beijing, Wuhan, and Zhengzhou branches. Net loss was $88,042 for fully diluted loss per share of $0.001 in the quarter compared to $502,355 in net income and fully diluted earnings per share of $0.0085 in the second quarter of 2008. The company operations were negatively impacted by the global economic downturn during the second quarter. For the first six months of 2009 total revenue was $14.8 million, down 10% from $16.4 million in the first six months of 2008. Loss from operations for the period was $620,843, compared to operating income of $406,821 in the first six months of 2008. Net loss for the first six months of 2009 was $844,488 for fully diluted loss per share of $0.0105 compared to net income of $85,598 and fully diluted loss per share of $0.0015 in the first six months of 2008.
GuangZhou Global Telecom Inc. Reports Earnings Results for the First Quarter of 2009
05/15/2009
GuangZhou Global Telecom Inc. reported earnings results for the first quarter of 2009. For the quarter, the company reported revenues of $11,022,375 as compared to $7,672,427 during the first quarter of 2008, representing an increase of $3,349,948 or approximately 44%. The revenue increase is mainly resulted from its geography expansion strategy. The company recorded a net loss of $756,446, as compared to a net loss of $416,757 during the three months ended March 31, 2008. The increase of net loss is mainly due to decrease of gross profit as explained above.
GZGT Competitors
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Industry Analysis
| Valuation | GZGT | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.0x |
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| Price/Book | 0.9x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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GZGT transactions
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More Recent News About GuangZhou Global Telecom, Inc.
More news for GZGT
GUANGZHOU GLOBAL TELECOM, INC. Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operation The following discussion should be read in conjunction with the Consolidated Financial Statements and Notes thereto appearing elsewhere in this Form 10-Q. The following discussion contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to future events or our future performance. Actual results may materially differ from those projected in the forward-looking statements as a result of certain risks and uncertainties set forth in this prospectus. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual results will not be different from expectations expressed in this report. BUSINESS OVERVIEW We were incorporated as Avalon Development Enterprises, Inc. ("Avalon") on March 29, 1999, under the laws of the State of Florida. From inception, we engaged in the acquisition of commercial property and expanded into building cleaning, maintenance services, and equipment leasing as supporting ancillary services and sources of revenue. On January 10, 2007, Avalon, Global Telecom Holdings, Ltd., a British Virgin Islands Corporation ("GTHL"), and the shareholders of GTHL, entered into a Share Exchange Agreement. Pursuant to that Agreement, the Company issued 39,817,500 shares of its restricted common stock to the Shareholders of GTHL in exchange for all of the issued and outstanding common shares of GTHL common stock. Pursuant to this transaction, on March 27, 2007, GTHL became a wholly-owned subsidiary of Avalon, and the Company changed its name to Guangzhou Global Telecom Holdings, Inc. and succeeded to the business of GTHL. Now we are a nationally integrated mobile phone handset and...Click here to read the whole Article (external link)
GUANGZHOU GLOBAL TELECOM, INC. Files SEC form 8-K, Change in Directors or Principal Officers
Show all filings for GUANGZHOU GLOBAL TELECOM, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for GUANGZHOU GLOBAL TELECOM, INC. 22-Sep-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for inf...Click here to read the whole Article (external link)
GUANGZHOU GLOBAL TELECOM, INC. Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
GUANGZHOU GLOBAL TELECOM, INC. Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operation The following discussion should be read in conjunction with the Consolidated Financial Statements and Notes thereto appearing elsewhere in this Form 10-Q. The following discussion contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to future events or our future performance. Actual results may materially differ from those projected in the forward-looking statements as a result of certain risks and uncertainties set forth in this prospectus. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual results will not be different from expectations expressed in this report. BUSINESS OVERVIEW We were incorporated as Avalon Development Enterprises, Inc. ("Avalon") on March 29, 1999, under the laws of the State of Florida. From inception, we engaged in the acquisition of commercial property and expanded into building cleaning, maintenance services, and equipment leasing as supporting ancillary services and sources of revenue. On January 10, 2007, Avalon, Global Telecom Holdings, Ltd., a British Virgin Islands Corporation ("GTHL"), and the shareholders of GTHL, entered into a Share Exchange Agreement. Pursuant to that Agreement, the Company issued 39,817,500 shares of its restricted common stock to the Shareholders of GTHL in exchange for all of the issued and outstanding common shares of GTHL common stock. Pursuant to this transaction, on March 27, 2007, GTHL became a wholly-owned subsidiary of Avalon, and the Company changed its name to Guangzhou Global Telecom Holdings, Inc. and succeeded to the business of GTHL. Now we are a nationally integrated mobile phone handset and...Click here to read the whole Article (external link)
GUANGZHOU GLOBAL TELECOM, INC. Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operation The following discussion should be read in conjunction with the Consolidated Financial Statements and Notes thereto appearing elsewhere in this Form 10-Q. The following discussion contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to future events or our future performance. Actual results may materially differ from those projected in the forward-looking statements as a result of certain risks and uncertainties set forth in this prospectus. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual results will not be different from expectations expressed in this report. BUSINESS OVERVIEW We were incorporated as Avalon Development Enterprises, Inc. ("Avalon") on March 29, 1999, under the laws of the State of Florida. From inception, we engaged in the acquisition of commercial property and expanded into building cleaning, maintenance services, and equipment leasing as supporting ancillary services and sources of revenue. On January 10, 2007, Avalon, Global Telecom Holdings, Ltd., a British Virgin Islands Corporation ("GTHL"), and the shareholders of GTHL, entered into a Share Exchange Agreement. Pursuant to that Agreement, the Company issued 39,817,500 shares of its restricted common stock to the Shareholders of GTHL in exchange for all of the issued and outstanding common shares of GTHL common stock. Pursuant to this transaction, on March 27, 2007, GTHL became a wholly-owned subsidiary of Avalon, and the Company changed its name to Guangzhou Global Telecom Holdings, Inc. and succeeded to the business of GTHL. Now we are a nationally integrated mobile phone handset and...Click here to read the whole Article (external link)
GUANGZHOU GLOBAL TELECOM, INC. Files SEC form 10-K, Annual Report
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS. The following discussion should be read in conjunction with the Consolidated Financial Statements and Notes thereto appearing elsewhere in this Form 10-K. The following discussion contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to future events or our future performance. Actual results may materially differ from those projected in the forward-looking statements as a result of certain risks and uncertainties set forth in this prospectus. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual results will not be different from expectations expressed in this report. BUSINESS OVERVIEW We were incorporated as Avalon Development Enterprises, Inc. ("Avalon") on March 29, 1999, under the laws of the State of Florida. From inception, we engaged in the acquisition of commercial property and expanded into building cleaning, maintenance services, and equipment leasing as supporting ancillary services and sources of revenue. On January 10, 2007, Avalon, Global Telecom Holdings, Ltd., a British Virgin Islands Corporation ("GTHL"), and the shareholders of GTHL, entered into a Share Exchange Agreement. Pursuant to that Agreement, the Company issued 39,817,500 shares of its restricted common stock to the Shareholders of GTHL in exchange for all of the issued and outstanding common shares of GTHL common stock. Pursuant to this transaction, on March 27, 2007, GTHL became a wholly-owned subsidiary of Avalon, and the Company changed its name to Guangzhou Global Telecom Holdings, Inc. and succeeded to the business of GTHL. Now we are a nationally integrated mobile phone ...Click here to read the whole Article (external link)
GUANGZHOU GLOBAL TELECOM, INC. Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operation FORWARD LOOKING STATEMENTS This quarterly report contains forward-looking statements that involve risks and uncertainties. We use words such as anticipate, believe, plan, expect, future, intend and similar expressions to identify such forward-looking statements. You should not place too much reliance on these forward-looking statements. Our actual results are likely to differ materially from those anticipated in these forward-looking statements for many reasons, including the risks faced by us described in this Risk Factors section and elsewhere in this annual report. Plan of Operation We expect to take the following steps in connection with the development of our business and the implementation of our plan of operations: In addition to existing hardware distribution and retail sales, in the coming months, we will focus on expanding our services, building a retail presence and developing e-commerce business units in order to build and maintain a high-quality brand and service reputation. We currently serve as a nationally integrated mobile phone handset and pre-paid calling card distributor and provider of mobile handset value-added services. We plan to focus our operations in the coming months on corporate development activities, as they are a fundamental building block to our success in the long term. More specifically, we will devote significant resources to identifying and developing value-added services through an expanded network of regional and neighborhood service centers, shops and via a virtual store. We will continue to expand our distribution operations and network of regional and neighborhood retail service centers and shops. We build strong customer relationships in the local communities that are served in order to take advantage of future sales from existing loyal customers and through word of mouth advertisement. We are con...Click here to read the whole Article (external link)
GUANGZHOU GLOBAL TELECOM, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Triggering Events That
Item 1.01 Entry into a Material Definitive Agreement. On July 31, 2007, Guangzhou Global Telecom, Inc., a Florida corporation, (the "Company"), entered into a Securities Purchase Agreement (the "Securities Purchase Agreement") with the following three investors: Enable Growth Partners LP, Pierce Diversified Strategy Master Fund LLC, and Enable Opportunity Partners LP (collectively, the "Holders"). The aggregate purchase price was $3,000,000, and the investment was as follows: * Senior Secured Convertible Debentures (the "Debentures") for up to $3,428,571, with an annual interest rate of 8%. The Debentures will be convertible at the option of the holder at any time into shares of common stock, at an initial conversion price equal to $.82. * Common Stock Purchase Warrants (the "Warrants") to purchase 2,090,592 shares of the Company's common stock at a price of $1.12 per share, subject to adjustment, exercisable for a period of five years. On November 3, 2008, due to market conditions, the Company re-negotiated the terms of the Debentures and Warrants, and entered into a modification agreement (the "Amendment Agreement") with the Holders. Pursuant to the Amendment Agreement, the Company agreed to completely remove the monthly interest payment of the Debentures and increase the annual interest rate to 18%. Therefore, as described in the Schedule A of the Amendment Agreement, the Company will pay an aggregate of $2,151,110.85 and $1,485,714.10 to the Holders that are due on July 31, 2009 and February 21, 2010, respectively. The Company acknowledged that the conversion price of the Debentures on the conversion date shall be equal to the lesser of (a) $0.015 (subject to adjustment), and (b) 80% of the lowest closing bid price during the 20 Trading Days immediately prior to the applicable conversion date (subject to adjustment). The Amendment Agreement further modified the terms of the transaction by reducing the exercise ...Click here to read the whole Article (external link)
GUANGZHOU GLOBAL TELECOM, INC. Files SEC form 8-K, Change in Directors or Principal Officers
Show all filings for GUANGZHOU GLOBAL TELECOM, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for GUANGZHOU GLOBAL TELECOM, INC. 17-Oct-2008Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for in...Click here to read the whole Article (external link)
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