com or contact Amber
Garrison at amberg@agora-eu.2 million. The
decline is the result of actions taken earlier to
modernize the operations,
the company said. "These steps being taken to
improve the efficiency
of our operations are well-documented.
saud resistance
BEIJING, Feb.4 percent in the first quarter.politics unger
, Ltd. "We
have not limited ourselves to operational improvements., holds a national license for distribution of
books and other
publications in China.
All sites must SELL books on Politics.
haymarket bestselling
Agora Inc.
with More Than 1.3 Million Readers Worldwide Triples Circulation of Weekly Financial Magazine in the
UK
"
Agora Inc.
Since then, it has established additional business operations in Paris
,
France; Johannesburg, South Africa; Waterford, Ireland; and Delray Beach,
Florida. "Although
we completed consolidation of
four older, less efficient distribution facilities into one larger
, more
efficient facility late in the first quarter, that process continued to impact
our operations
in the second quarter as the new facility was still being
organized.
"Sales were also affected
in the quarter by the timing of the Beijing
International Book Fair, held in early January.1 million
from $2.
"The Chapter One China system will not only help bookstore operators in
managing
their stock, it will eventually help individual consumers make
decisions about books to buy. Xinhua
China is involved in forming strategy,
operating and financing for Xinhua C + D. Xinhua China also
interfaces with
the worldwide financial communities to inform them of the combined companies'
goals
and developments.com.cn .anarchism emanating
It is a genuinely alternative financial
magazine, with a sly and light
-hearted approach to money. was founded in 1979 by William Bonner, currently its President
and Chairman
of the Board.Xinhua China Reports Financial Results for Second Quarter and Six Months
1 million.
That move has already begun to yield benefits but it did disrupt
the processing of orders during
the early part of the second quarter. While still in the development stage, Chapter one already has
10,000 titles in its database and the rate at which books are being added is
accelerating.politics unger
As
a result, comparative prior year data are not available.
"The second quarter was one of considerable
change for Xinhua China," said
Mr. The most significant of these efforts is the
development of
Chapter One China, our system that allows buyers of books to
preview the first chapter through an
on-line portal before making a purchase
decision. The internet is experiencing explosive growth
, making purchase of
books, even in the most remote areas, much easier.resistance thesis
"The outlook for our
business remains bright, although some results are
taking longer to achieve than we originally expected
. These statements are made under the "safe harbor" provisions of the
United States private securities
litigation reform act of 1995 and involve
risks and uncertainties, which could cause actual results
to differ materially
from those in the forward-looking statements contained herein.
(formerly Camden Mines Limited)
CONSOLIDATED STATEMENT OF OPERATIONS
(Expressed in U.10)
Weighted average number
of shares
outstanding
- Basic and diluted 61,779,765 61,779,765 55,733,786
At Xinhua China Ltd.cn (847) 296-4200
(604) 681-3864 (800) 884-3864
conservatism politics
, has taken the
role of publisher and regular contributor to the magazine.4 percent.8 percent. As
on-line
booksellers emerge as a significant force in the Chinese market, they will
need a partner
to fill orders they generate. All of these factors,
along with our proactive marketing through Chapter
One and other initiatives,
should be factors in the growth of our book distribution business. Alex
Helmet at
1 800 884-3864 ext.saud intricate
, with its headquarters in the
historic Mount Vernon district of
Baltimore, announces the acquisition and
recent growth of a weekly British financial magazine, "MoneyWeek
"
(http://www.
(http://www.com) in early 2004, its circulation has grown from 8,000
to 24,000
in the UK.
Xinhua China Ltd. 31, 2005 Jun.00001 par
value,
authorized 500,000,000,
outstanding 61,779,765 618
618
Additional paid-in capital 7,895,697 5,855,525
Accumulated
other
comprehensive Income 22,185 53
Accumulated deficit
(9,493,470) (5,651,870)
Total Shareholders' Equity
(Deficiency
) (1,574,970) 204,326
Total Liabilities and
Shareholders
' Equity $ 104,750,994 $ 102,743,595
Xinhua
China Ltd.giftware emanating
Agora also publishes various books through its affiliates in London and
Paris,
including the most extensive collection of the classics -- in original
Latin and Greek -- in the
world. Further, Chapter One should also be valuable in
helping us capture the growing fulfillment
business in China.S.westminster politico
BALTIMORE, Agora Inc.com).
The magazine has been published in London
for 3 years under the direction
of Editor-In-Chief Merryn Somerset-Webb.moneyweek.com or Juan Munoz
at +1 (410) 223-2693.
About Xinhua China
Xinhua China Ltd. For more information,
please call Mr.ladens haymarket
For the complete story, visit http://www. 27 /Xinhua-PRNewswire/ -- Citing the
impact of a move into
new facilities and delays in the timing of certain orders because of the
Beijing
Book Fair, Xinhua China Ltd.
Selling general and administrative expenses declined modestly in
the
second quarter to $2.3 million in the first quarter. He noted that the proceeds from this transaction
will be used to
update systems and for general corporate purposes. We
are also engaged in marketing
efforts to help booksellers and publishers gain
exposure for their books.S.resistance westminster
MoneyWeek is supported
by its readers, so it does not have to be so bullish
and positive in its outlook. We envision a
point in the not too distant future when any book
authorized in China may be previewed through Chapter
One China, whether in
Chinese or any other language.giftware politico
, are complementing the improvements
being
made in the physical distribution process with other measures to stimulate
sales volume
. dollars)
(Unaudited)
3 months
Ended 6 months Ended 12 months Ended
Dec. Having a preview of the
book online does not count.
haymarket resistance
17 or visit its website at http://www. 31, 2005 Dec.westminster giftware
The company
noted gross margin in the second quarter was 11.
"We are continuing to build an organization
to meet the growing demand in
China for all types of books," Wang stated. The Chinese people
have
greater access to information than ever before, stimulating the demand
for books.xinhuachina.
Safe Harbor Statement
This news release may include forward-looking statements within
the
meaning of section 27a of the UNITED STATES SECURITIES ACT of 1933, as
amended, and section
21e of the UNITED STATES SECURITIES and EXCHANGE ACT of
1934, as amended, with respect to achieving
corporate objectives, developing
additional project interests, Xinhua China's analysis of opportunities
in the
acquisition and development of various project interests and certain other
matters.count bookshop
S.
In 1994, it began
operations overseas with the acquisition of Fleet Street Publishing in London.
1 million
for its second quarter ended December 31, 2005 on sales of $9.: At The Investor
Relations Company:
Alex Helmel Woody Wallace or Michael Arneth
Investor Relations marneth@tirc.socialism ladens
For the
six month period, gross margin was 10.
Although we
have been in operation for less than a year, those steps are beginning to show
results
in the way we conduct our business, from order processing to physical
delivery of the volumes to
bookstores," Wang stated.com.emanating thesis
(formerly Camden Mines Limited)
CONSOLIDATED BALANCE SHEETS
[Basis of presentation and going concern
uncertainty]
(Expressed in U.politico conservatism
moneyweek. Most of the publications in this
area are supported by
industry advertising -- from The City in London or Wall Street in the U. A
number of orders we would
normally have recorded in the second quarter were pushed into the third
quarter as buyers chose to use the book fair to further refine and confirm the
selections they
intended to purchase," Wang added. 30, 2005
Assets
Current Assets
Cash
$ 3,367,004 $ 1,336,269
Restricted Cash
- 362,516
Account Receivable,
including related
party receivables
of $4,282,010
(June 30, 2005 - $5,926,629) 38,696,463 39,166,242
VAT receivable 4,500,038 5,964,445
Inventories
18,333,924 17,445,410
Prepayments 387,910
126,917
Total Current Assets 65,285,339 64,401,799
Property
, plant and equipment 26,808,050 26,000,804
National distribution right 6,325
,258 6,167,000
Goodwill 6,332,347 6,173,992
Total Assets $ 104,750,994 $ 102,743,595
Liabilities and
Shareholder Equity
Current Liabilities
Account payable and accrued
liabilities
$ 78,828,539 $ 76,231,392
Due to related parties 20,853,033
1,819,965
Total Current Liabilities 99,681,572 78,051,357
Convertible debenture net
of discount of $1,069,948 180,052
-
Warrants and beneficial
conversion 1,013,460
-
Loans from related parties - 19,514,229
Total Liabilities
100,875,084 97,565,586
Non-controlling interest 5,450,880
4,973,683
Commitments
Shareholders' Equity (Deficiency)
Common stock
, $0.03) (0.rulers bin
William Bonner, President of Agora Inc. The company publishes numerous consumer
newsletter
titles in the investment, health and travel areas. The increase was the result
of
a higher percentage of sales stemming from non-textbook titles, which carry
a higher margin.
The
fact that we were able to increase our gross margin despite the disruption
is an indication of the
strength of demand for books in China and our position
in that market.
Just after quarter
end, Wang said the company completed the first phase of
a financing that will ultimately provide
it with an infusion of $4 million in
new capital.,
Ltd.rebuttals intricate
Since its acquisition by Agora Inc. is
a US publicly traded holding company that, through
one of its subsidiaries, Xinhua Publications Circulation
+ Distribution Co. 31, 2005 June 30, 2005
Revenue
Sales revenue $ 9,146
,838 25,215,829 $ 15,496,537
Cost of sales 8,102,395 22,504,822
13,584,466
Gross profit 1,044,443 2,711,007 1,912,071
Expenses
Selling, general
and administrative 2,110,829 4,402,245
4,211,480
Stock-based compensation 918,550 1,873,763 3,534,507
Total operating expenses 3,029,379 6,276,008 7,745,987
Operating
loss before
interest, other income
(expense) and income tax (1,984,936) (3,565
,001) (5,833,916)
Interest and other
income 186,591
252,274 66,430
Interest expense (495,743) (785,467)
(520,875)
Income tax - - -
Loss before non-controlling
interest (2,294,088) (4,098,194) (6
,288,361)
Non-controlling interests
share of loss 168,383 256
,594 636,491
Net loss for the
period $ (2,125,705) (3
,841,600) $ (5,651,870)
Loss per share - basic
and diluted $ (0
.com
info@xinhuachina.ladens westminster
agora-inc.
"The magazine is a delight," said Bonner, "because it
is not a typical
investment magazine. today reported a net loss of $2.8 million on sales of
$25
. As a
result, sales were lower than they would have been under normal conditions. We are uniquely
positioned to
capture that business as the holder of the only national license for the
distribution
of books and other publications in China," Wang added. It is,
however, important to note that we
have still only been engaged for a matter
of months in modernizing a 70 year-old business that was
previously run to
achieve political and social objectives," Wang concluded.anarchism rulers
The company noted it
began operations on February 1, 2005.
Wang said Xinhua China and its operating subsidiary, Xinhua
Publications
Circulation + Distribution Co. The Chinese economy
continues to be one of the fastest
growing in the world. dollars)
(Unaudited)
Dec.06) $ (0.politico movements
Results for the six-months included a net loss of
$3.
This compares with gross margin of 10. Xianping Wang, president and CEO.This category is for sites
that sell books on Politics.
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