SHANTOU, China, December 3, 2013 /PRNewswire/ --
Full year 2013 revenue expected to exceed $45 million with EPS of $0.14
35% growth in revenue and earnings projected for 2014 as end markets strengthen and marketing efforts continue to gain momentum
Big Tree Group, Inc. (OTCQB: BIGG) ("Big Tree Group"), a company that serves as a "one stop shop" for the sourcing and distribution of toys and related products, announced today its financial forecast for the full fiscal year of 2013 and provided its outlook for the 2014 fiscal year.
Big Tree Group estimates it will achieve record revenue exceeding $45 million with earnings per share of approximately $0.14 for the full fiscal year of 2013 ending December 31, 2013. Management further believes the successful implementation of the Company's more aggressive pricing strategy to increase international market share throughout the course of 2013, coupled with a strengthening global economy, have set the stage for Big Tree to achieve substantial financial growth in fiscal 2014. Big Tree Group sees full year revenue in fiscal 2014 reaching $60 million with earnings per share exceeding $0.20.
Mr. Wei Lin, Chairman and CEO of Big Tree Group, stated, "We continue to see positive growth in our sales resulting from the implementation of our aggressive pricing strategy. We are confident that as we head into 2014 we are reaching the inflection point where further sales gains will result in similar increases to our bottom line. With improvements in the global economy and through the efforts of our top-notch sales and quality control team, we are confident that we can achieve substantial overall growth at Big Tree for the foreseeable future."
About Big Tree Group, Inc.
Big Tree Group, Inc., headquartered in Shantou, China, a city known in the toy industry as the premier location for toy manufacturing in China, serves as a "one stop shop" for the sourcing and distribution of toys and related products. We act as an authorized agent for over 8,000 toy manufacturers in China offering in excess of 300,000 varieties of toy products including remote control toys, digital toys, sports toys, play sets, educational toys, dolls, and infant toys. We showcase these products at our two expansive showrooms in Shantou where we also facilitate orders and combine shipments to destinations across the globe. Customers can also order via our website knowing that the products we represent have undergone rigorous quality control tests at our in-house testing facility. Additionally, we market a line of proprietary construction toys known as the Big Tree -Magic Puzzle which we sell on our websites as well as through domestic retail store channels. For more information about the company, please visit http://www.bigtreegroup.net.
DISCLOSURE NOTICE:
In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Big Tree Group, Inc., is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2012.
Contact:
US Representative
Phone: +1-(954)-363-9333, Ext. 316
Email: IR@bigtreegroup.net
Source: Big Tree Group, Inc.
SOURCE Big Tree Group, Inc.