SOURCE: Cardtrend International

April 16, 2008 17:00 ET

Cardtrend Announces Results for 2007

Increased Revenues and Improved Performance Provide Foundation for Continued Growth in 2008

HONG KONG--(Marketwire - April 16, 2008) - Cardtrend International Inc. (OTCBB: CDTR) ("Cardtrend") filed on April 15th its 10KSB for 2007 which included its audited financial statements for the year ended December 31, 2007.

Revenues in 2007 increased to over $1,727,000 million or about five times 2006 revenues, which were $346,700. Gross profit in 2007 increased to more than $419,000 from $135,000 in 2006 -- about 3 times. Over the same period operating costs were reduced from $4.44 million in 2006 to $3.12 million in 2007, a reduction of about 30%.

KK Ng, CEO of Cardtrend said: "Our 2007 audited results show that we made important progress during a year in which Cardtrend underwent a number of major transitions in accordance to the new strategic direction that was set out in the summer of 2006. It encourages us to continue our efforts to grow in 2008 and create value for our shareholders. We are targeting 2008 to be a year of significant progress."

ABOUT CARDTREND INTERNATIONAL INC.

Cardtrend International Inc. ("Cardtrend") is a US public company with subsidiaries and related companies focusing on the payments and loyalty-rewards industries in China and throughout 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).

SAFE HARBOR

Information in this news release and the web site www.cardtrend.com ("the web site") may contain statements about future expectations, plans, prospects or performance of Cardtrend International Inc. ("Cardtrend") that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," "unaudited" and similar words and phrases are intended to identify such forward-looking statements. Cardtrend cautions you that any forward-looking information provided by or on behalf of Cardtrend is not a guarantee of future performance. None of the information on this news release and the web site constitutes an offer to sell securities or investment advice of any kind, and visitors should not base their investment decisions on information contained in this news release and the web site. Cardtrend's actual audited results for fiscal year 2007 may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Cardtrend's control. All such forward-looking statements are current only as of the date on which such statements were made. Cardtrend does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

Contact Information

  • Contact:
    Cardtrend International Inc.
    (866) 877-2729
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