FORT WAYNE, IN--(Marketwired - Mar 12, 2015) - Success Holding Group International, Inc. (
The Annual Report disclosed cost of sales of $12,230,000 resulting in a gross margin of $5,485,000. Further incurrence of general and administrative expenses resulted in income from operations of $3,380,461. SHGT further discloses in its Annual Report that total stockholders' equity was in excess of $6,800,000 and net income was $3,300,000 or $0.09 per share based on 37,195,000 common shares issued.
Visit www.sec.gov to view the Annual Report with audited financial statements fiscal year ended December 31, 2014.
Mr. Chen stated, "I am very happy to report these results from our first approximate six months of operations. 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 currently trading on USA-OTC markets is seeking and identifying private/public companies in Asia and USA as acquisition and merger candidates. Mr. Chen and SHGT will focus on integration of chain stores and brand-names, IOT (Internet-of-Things/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 USA. We have plans to invest in, or acquire, up to 30 companies within the next ten-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 its 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 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 acquisition, the Company's access to future capital, successful integration of acquired companies, government regulation, managing/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.