$246K in Extra Revenue Announced by CRJI…Heading Towards 52-Week High

       
 
 
China Runji Cement Inc. (OTCBB: CRJI) had a MAJOR announcement today before the market opened…and traders have yet to react to the news!

Specifically, CRJI benefited from the Chinese Rural Economy Stimulus Policy in 2010, where the Company’s selling price of cement clinker has increased $1.46 per ton in January, 2010, representing extra monthly revenue of $245,973.
Annualized, that would be almost $3 Million in extra yearly revenue!
?Citizens living in rural areas will receive allowance from local provincial government to construct new houses to have better housing conditions. In China, there are over 900 million people living in villages. With the implementation of the policy, it is believed that the village architectural market demand for cement and other architectural materials will grow substantially with more and more village people constructing new houses with government allowance in 2010.

As a result of the policy, the Company’s cement clinker selling price increased $1.46 per ton in January 2010, which represents extra revenue of $8,199 per day and $245,973 per month.

“Thanks to the rural stimulus policy our sales volume and prices both increased in this low season, we have even decided to maintain production during the long holiday of China New Year in February to meet the growing demand,” commented Mr. Zhao Shouren, the Chairman and CEO of CRJI.

“Rural market of China is becoming one of our most important markets in the future. We expect our cement sales volume to rural market will be much higher in the next several years.  Our marketing department has adjusted new strategies and initiatives to capture the rural market, so as to create more value for our shareholder and investors.”

For the complete press release, visit: http://finance.yahoo.com/news/China-Runji-Cement-Inc-pz-3280400461.html?x=0&.v=1


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Not much trading has occured this week, so (1) the resistance could be light and (2) a move to the upside could be in store…especially after announcing that almost a a quarter million dollars in extra revenue was captured.
Check out the chart for a quick summary of the technicals…


                            
                           
Below is a shorter summary of the CRJI chart…

 
Watch CRJI trade as early entrants could be at the forefront strong upward move!

 


Best Regards,
 
 
 
 
 
 
 
 
 
 
 
 
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