CHARLOTTE, N.C., April 19, 2006 (PRIMEZONE) -- SmallCapReview.com (http://www.SmallCapReview.com), a leading small-cap stock information site, is pleased to announce that China 3C Group (OTCBB:CHCG) has been named "Stock of the Month" for April. CHCG is the parent company of two well-known and established electronic product distributors currently doing business in Eastern China.
The company was privately held until December 2005, when it completed a reverse merger to create the current China 3C Group. Since China 3C went public in this manner, the company is essentially unknown to Wall Street. Although Chinese companies in general have been in demand among American investors, the investment community is essentially unaware of China 3C's history, current business or growth potential.
The Company reported revenues for '05 of $32.6 million, up 32% over revenues of $24.7 million for full year 2004. Income from operations for '05 were $2.6 million.
To learn more about China 3C Group, please see the profile at http://www.smallcapreview.com/chcg.htm or visit the company's website at http://www.china3cgroup.com.
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Forward-Looking Statements
This report contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Actual results may differ materially and adversely from those expressed in any forward-looking statements. The Annual Report on Form 10-KSB, recent and forthcoming Quarterly Reports on Form 10-QSB, recent Current Reports on Forms 8-K and 8-K/A, and other SEC filings discuss some of the important risk factors that may affect the business, results of operations and financial condition of China 3C. We undertake no obligation to revise or update publicly any forward-looking statements for any reason except as required by law.
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