China Industrial Waste Mgmt Inc (OTC:CIWT)

Friday, May 9, 2008

2007 Financial highlights:

-- Revenues up by 49.5% to $9,539,507.

-- Reported Net Income up by 58.4% to $3,689,207.

-- Reported Full year fully-diluted EPS rises to $0.28 per share, up by 56% from $0.18 per share in 2006.

-- 34% operating margins.

The GEO Team has made the following adjustments to net income in order to get a clearer picture of the company's financial picture:

- Applied a standard tax rate.
- Subtracted $860,460 of one time Reimbursed legal costs.

These adjustments yield a fully taxed adjusted 2007 net income figure of $1.8 million ( up 20%) and EPS of $.136 ( up 20%).


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