SOURCE: Success Holding Group Int'l Inc

Success Holding Group Int'l Inc

October 08, 2014 10:00 ET

Success Holding Group International Inc. Announces a $2,700,000 Loan From Success Holdings Group Corp. and Earnings for 3rd Quarter

TAIPEI, TAIWAN--(Marketwired - Oct 8, 2014) - CNA News: Success Holding Group International Inc. (OTCQB: SHGT), has received a $2,700,000 loan from its majority shareholder, increasing its balance sheet by $2,000,000 in assets and $2,700,000 in liabilities. SHGT realized revenues of approximately $2,090,000 in September from weekly training seminars by CEO Steve Chen ($1,500,000) and advertising sponsorship of the Internet movie "The Pronunciation of Love" ($590,000). Management believes SHGT is transitioning to full operating status, anticipating fiscal year pre-tax earnings of approximately $0.40 per share and fully expects future earnings to continue increasing.

Future Business Operations
SHGT is currently seeking private/public companies in Asia as acquisition/merger candidates. SHGT is currently trading on the USA OTC markets. However, it is Mr. Chen's vision to have SHGT listed on the NASDAQ in the near future for more leverage to acquire additional and more valuable companies in Asia. Mr. Chen and SHGT will focus on integration of chain stores and brand names, IOT (Internet of Things), alternative energy technology, internet and logistics. Mr. Chen stated, "Through the newly structured public company, we will be able to pursue more aggressively to acquire quality companies in Asia. We have plans to invest or acquire up to 30 companies within the next ten to fifteen years, and our shareholders should be able to reap the benefit of the higher growth potential in the Asia region."

This release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is intended to qualify for the liability safe harbor created by those laws. When used in this release, the words "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan", "potential", "predict", "project", "should", "will", and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such statements involve known and unknown risks and uncertainties, many of which are beyond our control. All statements, other than statements of historical facts included in this release regarding our strategy, future operations, financial position, prospects, plans, and objectives of our management are forward-looking statements. Our actual results could differ materially and adversely from those anticipated in such forward-looking statements as a result of certain factors, including, but not limited to, the success of our on-going product development efforts, adverse results of any legal proceedings, diverse economic and competitive conditions. Any such differences may be caused by risk factors listed from time-to-time in the Company's releases and/or its filings with the OTC Markets, or as a result of other factors. We undertake no obligation to publicly update or revise any forward-looking statement to reflect actual results or changes in assumptions or other factors that could affect those statements.

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