SOURCE: Cardtrend International

October 09, 2007 08:30 ET

Cardtrend International, Inc. Announces Compliance With SEC Filings and Application to Return to OTC BB

Reports Significant Revenue Growth

HONG KONG--(Marketwire - October 9, 2007) - Cardtrend International Inc. ("Cardtrend") (PINKSHEETS: CDTR) today announced that it is fully compliant with all SEC filings and will now apply to reinstate its listing on the OTC Bulletin Board (OTC BB).

KK Ng, CEO of Cardtrend, stated, "Our SEC filings to date show significant progress during 2007. Revenues to the end of the second quarter (six months ended June 30, 2007) increased to $764,378, as compared to $47,518 for the same period in 2006. Also for the same six month period in 2007 Cardtrend reported a total gross profit of $212,965, as compared to $28,066 for the same period in 2006. We expect to show continued progress through the remainder of 2007 as we implement our business plan in China and elsewhere in Asia."

Cardtrend's application to return to OTC BB is expected to be submitted within the next several days.

ABOUT CARDTREND INTERNATIONAL INC.

Cardtrend International Inc. ("Cardtrend") is a US public company with executive offices in Hong Kong and administration offices in Kuala Lumpur, Malaysia. Its business activities are focused on the payments and loyalty-rewards industries in China and throughout Asia. Cardtrend's wholly owned foreign enterprise in Shanghai serves as its business development vehicle in China and through other subsidiaries Cardtrend operates in multiple locations across Asia. In line with its long-term growth strategy, Cardtrend is organized into three synergistic business units: Cards Business, Prepaid Business and Processing Business. For more information please visit Cardtrend's corporate website (www.cardtrend.com). Cardtrend trades on the Pink Sheets (www.PinkSheets.com) under the stock symbol CDTR.

Contact Information

  • Contact:
    Cardtrend International Inc.
    KK Ng
    President & CEO
    (866) 877-2729
    Email Contact