There is much more about SUWN finacials and such in the article. _____________
"We are excited to see continued growth in the stevia market opportunity in the US," continued Reynolds. "We are confident that our partnership with WILD Flavors has significantly enhanced our position in the food and beverage industry and we look forward to launching a number of product lines utilizing OnlySweet™ Stevia with multi-national packaged goods companies in the near future."
OnlySweet™ is a proprietary blend of high quality extracts from stevia Rebaudiana, a plant known around the world by names like "sugar leaf," "sweetleaf" and "honey leaf." Refined stevia has been used for decades throughout many countries and as a natural sweetener by indigenous peoples for centuries. This delicious, natural sweetener has no calories or carbohydrates, allowing it to be an important part of a sweeter, yet healthier lifestyle. High grade stevia extracts have been accepted as safe, natural sweetening alternatives by the U.S. Food and Drug Administration (FDA) and the World Health Organization (WHO) Joint Expert Committee of Food Additives (JECFA).
Strong Corporate Outlook This company is on to something huge! With annual revenues in upwards of $20M, and a product that is poised to change the landscape of the Multi-Billion dollar Artificial Sweetener Market, SUWN has the right ingredients to sweeten any underperforming portfolio.
A few more reasons we think SUWN may be ready to take-off From the company's Financial Results (for its year-end 2009): Now selling in 3000 US stores and online OnlySweet™ addresses the expanding US stevia market, which is expected to reach more than $700 million. Record Sales of Stevioside reaching $14.5 Million, up from $12.9 Million in Fiscal 2008 Revenue of $22 Million with Net Income of $500,000; Total Cash of $10.49 Million, up 54% From Fiscal 2008; Total Assets of $43.62 Million, up 45% from Fiscal 2008; Shareholder Equity of $38.51 Million, up 45% from Fiscal 2008; Continue profitable growth and improve net income Recent accretive acquisitions expand vertical opportunities within the organic bio-fertilizer and animal feed industries Growing global concern over obesity, health problems, and a preference for natural products is opening key markets to alternative sweetener choices, with Sunwin being one of the largest global suppliers. Plant expansion to enhance production can occur within 3-4 months of need identification.
except this isn't an article. it is a paid advertisement. most companies that seek promotion in this manner are scams going nowhere. generally an attempt to get price and volume up based on early good stats and news so that the insiders can unload their huge holdings.
I am very familiar with Sunwin. The facts in this article are facts, easily checked in the SEC filings of Sunwin. Your statement of "most companies that seek promotion in this manner are scams going nowhere." is not true and biased. Every company of any size uses paid advertisement. This is one form of informative advertisement. This type is often paid for by companies that aren't large enough to have analyst coverage that post similar reports.
I have seen the paid endorsements that have statements about 500% gains and huge undeveloped reserves, etc. These are the type that are used to scam investors. They use mass e-mail and snail mail mailings.
This is an established company with a long track record. They are now venturing out into a new, more retail, area. This new venture has actually hurt the bottom line over the last two years. In the future there is the possiblity that investors will be rewarded. IMO