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Wednesday, January 19, 2011
Three months ended March 31,   
    (Unaudited)  
    2010     2009  
Sales revenues $  -   $  2,268,197  
Cost of sales   -     3,306,125  
Gross profit   -     (1,037,928 )
Other operating income            
Gain on disposal of a subsidiary   -     -  
Total other operating income   -     -  
Operating expenses            
Administrative expenses   811,875     361,500  
Research and development expenses   -     -  
Selling expenses   -     -  
Increase in provision for doubtful debts   -     -  
Increase in provision for inventories   -     -  
Impairment of property, plant and equipment   -     -  
Impairment of goodwill   -     -  
    811,875     361,500  
Net (Loss)/income from operations   (811,875 )   (1,399,428 )
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