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Gold Horse International Releases Audited Annual Report with
$28.3 Million in Revenue and $2.6 Million in Net Profits
On October 15, 2007, Speedhaul Holdings, Inc. (to be known as Gold Horse International, Inc.) (OTCBB:SPEH) released its 2007 Annual Report for the fiscal year ended June 30, showing revenues of $28.3 million, net profits of $2.6 million, and net assets of $15.37 million. Year-to-year, net revenues increased 25.3% and net income increased 55.5%.
Mr. Yang Lian Kuan, Chairman and CEO of Gold Horse commented: "As a U.S. public company, we are seriously aware of the importance of performance and forecasts, and we want Gold Horse to be judged by results, not promises. We are pleased with the results of our fiscal year, as audited by the California firm, Kabani & Company, Inc. "I am asking that our U.S. Director, Mr. Jonathan Blum, serve as the spokesperson and liaison for Gold Horse in the United States. He will be organizing an executive office in New York, as he is uniquely qualified in leading a Chinese real estate development company's activities in the U.S."
Mr. Blum commented: "I am pleased to have the opportunity to represent Gold Horse's interests in the United States. Through its development and construction activities, I believe Gold Horse is uniquely positioned to capitalize on the burgeoning Chinese real estate market. Gold Horse's financial performance for the recently completed fiscal year is a testament to the Company's strength of operations, market position, and potential."
Mr. Adam Wasserman, Chief Financial Officer, summarized the Company's year-to-year performance: "For the year ended June 30, 2007, net revenues amounted to $28,322,306 compared to $22,608,755 for the year ended June 30, 2006, an increase of $5,713,551 or 25.3%. Additionally, for the year ended June 30, 2007, net income amounted to $2,594,526 as compared $1,668,699, an increase of $1,409,247 or 55.5%. For the years ended June 30, 2007 and 2006, net income per common shares was $.05 and $.03, respectively."
Please contact U.S. Director Jonathan Blum at Blum.JH@gmail.com.
Building a Modern China, with Vision and Expertise Unsurpassed in the Orient.
Gold Horse International, Inc., operating in China as the Jin Ma Group, is a regional construction company and developer with operations throughout selected metropolitan areas of Western China.
The Company's general contracting, preconstruction planning and comprehensive project management services include the planning and scheduling of the manpower, equipment, materials and subcontractors required for a project. With its advantageous and unique geographic location, Gold Horse is positioned to capitalize on the “Great Gold Rush” of development supported of the Chinese Central Government. See the Power Point Presentation for a good overview of the Company.
Gold Horse, founded in 1980, maintains executive offices in Beijing, China, with its business operations headquartered in Hohhot City, Inner Mongolia. With the main business line in construction, the Company also covers real estate development, property management, hotel, textile processing, school, trading, driving school and poultry farming, and more.
The company has become an integrated group that crosses areas and industries. Both private and public organizations have relied on its exceptional breadth and depth of expertise to add value to their projects, reduce cost and improve scheduling. |
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| This website contains forward-looking statements that involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the company's limited operating history, the limited financial resources, domestic or global economic conditions -- especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions of equity markets. More information about the potential factors that could affect the company's business and financial results is included in the Company's filings, available via the United States Securities & Exchange Commission. Occasionally, the Company may select and post articles or opinions of third parties, with no known connection with the Company. These are considered expert or qualified writers about the Chinese economy and its various opportunities and pitfalls. The Company neither endorses nor rejects these views or content, and the articles are offered only for the readers' edification and personal analyses. |
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