Heritage First Capital & Equity Research Group announced this morning that they have added China Voice holding to their Microcap Money Index of select companies that have less than a $500 million market capitalization.
China Voice Holding’s announcements of key contracts and high quality acquisitions brought the company to the research group attention and prompted them to index profile coverage. Currently, the company is in the process of becoming a fully reporting company and has engaged the services of three auditors to prepare the necessary documents and reports.
The company recently issued guidance for FY 2008 and estimates for FY 2009 and FY 2010. China Voice Holding believes that it can attain revenues of $158 million in 2008, $311 million in 2009 and $497 million in 2010. Net earnings are projected to reach $15.4 million for 2008, $34.5 million for 2009, and $60.4 million for 2010.
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