FORT WAYNE, IN--(Marketwired - Mar 11, 2015) - Success Holding Group International, Inc (
In January 2015, SHGT's executives visited both the NASDAQ and NYSE to determine which institution would be best suited for SHGT as it continues on its growth and revenue trajectory, per its Annual 10-K Report filed December 31, 2014 with the Security Exchange Commission. SHGT generated $17,700,000 in revenues for that period from operations that began approximately June 2014. SHGT reported total stockholders' equity in excess of $6,800,000 and net income of $3,300,000 ($0.09/share), based on 37,195,000 common shares issued. Visit www.sec.gov to view the complete filing.
Mr. Chen stated, "While both institutions would have worked for our company, we all felt that NASDAQ presented a better fit for the company's goals at this time. The future looks bright for our company and I look forward to bringing further updates regarding our current projects as well as some very exciting opportunities that we feel will bring further value to our shareholders."
About Success Holding Group International Inc.
SHGT is currently seeking & identifying private/public companies in Asia and the USA as acquisition/merger candidates. SHGT is currently trading on the USA OTC markets. Mr. Chen and SHGT will focus on integration of chain stores and brand names, IOT (Internet-of-Things or E-Commerce), alternative energy technology, internet and logistics. Mr. Chen stated "Through the newly structured public company, we will be able to aggressively pursue the acquisition of quality companies in Asia and the USA. We have plans to invest in, or acquire up to 30 companies within the next ten-to-fifteen years, and our shareholders should be able to reap the benefit of the higher growth potential in the Asian region".
FORWARD LOOKING STATEMENT
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. Statements, which are not historical facts, are forward?looking statements. The Company, through its management, makes forward?looking public statements concerning it expected future operations, performance and other developments. Such forward?looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.