SOURCE: Cardtrend International

November 19, 2007 08:30 ET

Cardtrend International, Inc. Continues Significant Revenue Growth

Files 10QSB for Third Quarter

HONG KONG--(Marketwire - November 19, 2007) - Cardtrend International Inc. ("Cardtrend") (PINKSHEETS: CDTR), today announced that it has filed its quarterly report (10QSB) for the quarter ended September 30, 2007.

Revenues reported for the quarter were $447,336 as compared with $12,911 for the same quarter in 2006. This brings revenues for the nine months ended Sept. 30, 2007 to $1,211,714 as compared with $60,429 for the same period in 2006. Also for the same nine-month period in 2007 Cardtrend reported a total gross profit of $390,914, as compared to $38,287 for the same period in 2006.

KK Ng, President & CEO of Cardtrend, commented, "Our third quarter 2007 results continue the upward trend in both revenue and gross profit that were established in the fourth quarter of 2006. We remain focused on advancing this positive trend through the fourth quarter of 2007. Our recently announced transactions relating to Global Uplink in Guangzhou, China will generate our initial revenues from the Chinese market in the fourth quarter, as well as increase our opportunities for future growth in China."

ABOUT CARDTREND INTERNATIONAL INC.

Cardtrend International Inc. ("Cardtrend") is a US public company with executive offices in Hong Kong. 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:
    KK Ng
    President & CEO
    Cardtrend International Inc.
    (866) 877-2729
    Email Contact