COVENANT G (OTC:CVGC)

Monday, February 15, 2010 | Web News
On January 31, 2010, Covenant Group of China Inc. entered into an Equity Credit Agreement with an institutional investor providing the Company with the right, but...
Monday, February 15, 2010 | Web News
On December 24, 2009, Everest Resources Corp., a Nevada corporation, entered into and consummated a series of agreements which resulted in the acquisition of all...
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We are a holding company engaged in the business of acquiring equity interests in private companies based and operating in China to provide these companies with support, including administrative, legal, accounting and marketing assistance, and an infusion of capital with the long term goal of preparing them to become public companies in their own right. We believe that equity investments in China present one of the most attractive global investment opportunities available in the coming four to seven years. We plan to focus on growth company acquisitions located in China. The local Chinese equity markets are highly concentrated, serving only a small fraction of the local corporate market. This fact, taken together with the current international economic uncertainty, presents a unique opportunity to acquire small, growing and profitable Chinese companies at historically realistic valuations.

Currently, our portfolio consists of two subsidiaries that are actively engaged in various segments of the IT sector. Chongqing Sysway and Hainan Jien, described in detail below, both deploy technologies and services that are supported by their local governments’ long term technology/economic plans. Chongqing Sysway currently provides its products and services to the tobacco and financial services industries, while Hainan Jien provides its products and services primarily to financial institutions and government agencies. These companies are headquartered in Chongqing and Haikou, respectively, and have research and development centers in Chongqing and Hangzhou and local offices located in Beijing, Tianjin, Shijiazhuang, Zhengzhou, Chengdu, Hangzhou, Wuhan and Sanya (Hubei Province).

Last updated February 15, 2010