Category: Transportation

Potential Breakout Alert issued for ZYCI: Ziyang Ceramics Signs Ten New OEM Distribution Agreements in the Second Quarter of 2012 Collectively Requiring Minimum Sales of $1.3 Million per Month.

Ziyang Ceramics Corporation (OTCBB: ZYCI), a leading manufacturer of high quality interior porcelain tiles in China, announced after the markets closed for trading on Monday that the Company has signed 10 new distribution agreements with distributors in Shandong and Jiangsu provinces of China thus far in the second quarter of 2012. The new distribution agreements collectively call for minimum sales orders of approximately $1.3 million per month.

 

Under the terms of the agreements, Ziyang will provide its full line of floor and interior wall tiles to the distributors on a private label basis. The distributors will market the tiles under their own proprietary brand names. Ziyang will provide warehousing and will receive full payment for each order prior to its release from the warehouse. Ziyang received a total of approximately $160,000 from the ten distributors as a refundable cash deposit provided they meet certain minimum sales targets.

This is an encouraging achievement for Ziyang Ceramics Corporation following recent news that Bullworthy's analysts released a comprehensive Research Report last week that included a 12-18 month price target using the Bullworthy Composite Valuation Model (BCVM) of $9.25 a share. Their model is calculated using formulas that include price-to-earnings ratios, price-to-book ratios, and discounted cash flow with conservative variables, and smoothed for a final, average price target. To Read the Entire FREE 25 Page Research Report, Go to http://zyci.bullworthy.com/

For more details and to read the entire press release issued for ZYCI that includes the full company disclosures please go to http://www.financialnewsmedia.com/stock-investing-business-investing-news/featured-news.php?id=160