03.19
HARBIN, China, March 19, 2010 /PRNewswire via COMTEX/ — Eline Entertainment Group Inc. (EEGI, http://elineentertainment.com/) and its China based subsidiary Innovation Investment Group (Inn Group; http://www.ydwtz.com/eng/) announce the preliminary financial results for 2009.
With the fiscal year ending on December 31, Eline Entertainment Group Inc. announces that the company yielded revenues of $2.66 million USD, showing pre-tax profits of just under $2 million USD.
Ms. Wei Hong, the Director and CEO of Innovation Investment Group, said, “These preliminary results must please our investors and the public. As we often publicly mentioned, the Educational Industry in China grows at a breakneck pace along with the economy, and as more people earn more, they can afford the best education for their children. Also, as the public can see, the strength of the Educational Industry is in its profit margins. We plan to continue our growth and yield more positive results, and with many new Centers opening in 2010, we don’t expect to fall behind on these strong numbers in 2010 or further.”
The financial statements will be posted on Pink Sheets shortly.
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