Sunwin to Apply For AMSE ListingSunwin to Apply For AMSE Listing
November 8, 2004
Sunwin to Apply For AMSE ListingBOCA RATON, Fla.--Sunwin International Neutraceuticals Inc. (NASDAQ:SUWN) announced its Board of Directors approved applying for a listing on the American Stock Exchange, according to a press release in the Yahoo! Finance section of Yahoo.com. Such a listing would align with Sunwins strong business fundamentals, profitability, outlook for 2005 and expected demand for products in the companys pipeline, the press release said. In addition, the press release stated the Board believes a listing on one of the primary U.S. stock exchanges would help increase shareholder value by providing liquidity; a more credible, stable trading environment; and a more valuable currency for acquisitions. These viewpoints have prompted the Board to authorize its U.S. financial advisors to initiate the application process, according to Yahoo! Finance. B. Baozhong Yuan, chief executive officer, said, "We continue to achieve record growth in our core business revenues, while improving our profitability and strengthening our balance sheet. As we look ahead to the current fiscal year, we are very optimistic about our prospects. Demand continues to accelerate and Sunwin International has the financial backing, medical research expertise, and proven management team needed to execute on our growth plan. Overall, we expect to achieve record revenue and net profit growth for the full year 2005."
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