Recently it was announced that DEXT.OB would be reverse merged with Rise & Grow Ltd., a Chinese Insurance company. In China there are a limited number of insurance companies, with market demand high, the potential for significant growth is very likely.
Investment in public chinese companies has been very lucrative for the marketplace. The opportunity to invest into the insurance industry, via a publicly traded company, opens the doors for potentially significant gains.
http://stockcharts.com/c-sc/sc?s=DEXT&p=D&yr=0&mn...
Outstanding Share count: 40 Million
Zhiyuan, founded October 8, 2006, offers online insurance products and services for the emerging Chinese Insurance industry. Its offerings include:
-- The first network portal for the Chinese insurance industry
(http://www.soobao.cn), which offers industry players a forum for advertising
products and services
-- Website construction and software development services for marketing
teams in the insurance industry
-- Insurance agency services (whereby the company generates sales
commissions on motor vehicle insurance, property insurance and life
insurance)
-- Related client support services.
Zhiyuan's unaudited financial results for the quarter ended September 30, 2007 showed revenues of $2.3 million and net income of $1.8 million. The company reported cash of $2.2 million, accounts receivable of $1.7 million, and shareholders' equity of $3.8 million.
http://biz.yahoo.com/iw/071221/0342890.html