May 19, 2008 will be a memorable day for the shareholders of Joytoto USA Incorporated, as they saw their shares increase nearly 50% on terrific news. The company announced the reception and completion of their first U.S. purchase order. The purchase order was completed and resulted in the shipment of 15,000 MP3 players, which translates into nearly a quarter of a million US dollars in revenue for the company for the month of April.
Once the stock market got news of this order, JYTO took off in a hurry. Before lunch, the stock was up more than 32% on half a million shares traded. When the dust settled, JYTO stood at $0.895 a share, an increase of over 46% with over 1.848 million shares traded. Today’s trading session was 1.802 million shares above the average volume since the stock’s IPO. This was the first of perhaps many recurring orders from the unnamed big-box retailer, which operates more than 800 stores in the US, Canada and China.
The completion of this order is significant as it represents the company’s commitment to developing its business in the United States – an effort that began during the second half of 2007. The order was completed on cost, and on time, which are two of the most important factors in business today. This order could go a long way toward assuring other companies that Joytoto USA is capable of readily and successfully handling large electronics orders.
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