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China Ruitai International Holdings Co., Ltd. Reports Results for the First Quarter 2010

FEICHENG, China, May 19 /PRNewswire-Asia-FirstCall/ -- China Ruitai International Holdings Co., Ltd. ("China Ruitai," "TaiAn" or the "Company") (OTC Bulletin Board: CRUI), a manufacturer and distributor of cellulose ether additives for use in the production of pharmaceuticals, construction materials, PVC products, foods and beverages and cosmetics, today announced financial results for its first quarter ended March 31, 2010.

    First Quarter 2010 Highlights
    -- Q1 revenue increased 24.4% to $10.2 million
    -- Q1 net income increased 35.7% to $1.9 million
    -- Q1 EPS of $0.07 vs. $0.05

    First Quarter 2010 Results
                                Q1 2010              Q1 2009          CHANGE
    Net Sales                $10.2 million         $8.2 million       +24.4%
    Gross Profit             $3.30 million        $3.25 million        +1.7%
    Net Income
     attributable to China
     Ruitai International
     Holding Co., Ltd.        $1.9 million         $1.4 million       +38.6%
    Earnings Per Share           $0.07                $0.05           +40.0%

Company Overview and First Quarter 2010 Results

China Ruitai is one of the largest manufactures of non-ionic cellulose ether products in China. Specifically, cellulose either is an organic chemical derived from cotton that serves as a thickener and stabilizer for a wide variety of commercial industries and products, including pharmaceuticals, construction materials, petrochemicals, food and beverage products, in addition to cosmetics. Specifically, the Company's cellulose ether is a stabilizer and thickener in latex paint and dry mix for concrete mortar and, used as a membrane reagent in pharmaceuticals, and a thickener and binding agent

SOURCE China Ruitai International Holdings Co., Ltd.
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