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China Ruitai International Holdings Co., Ltd. Reports Results for the First Quarter 2010
Date:5/19/2010

Cash flow from operations for the first quarter was $0.7 million compared to $2.7 million in the year ago period. Total stockholder's equity was $24.1 million in the first quarter of 2010, up 9.2% from $22.0 million as of December 31, 2009.

2010 Business Outlook

"Our domestic industry consists of a number of fragmented suppliers. With consolidation underway and given the fact that a number of smaller firms failed during the recent economic downturn, we have experienced increased sales opportunities for our higher-margin products. Our facility can produce 10,000 metric tons per year, exceeding our closest competitor and making us the largest in China," began Chairman Ma.

"We are well positioned to benefit from the overall economic recovery in multiple industries, and plan to emphasize sales of our higher growth, higher margin products," concluded Mr. Ma.

About China Ruitai International Holdings Co.

China Ruitai, through its wholly-owned subsidiary, Pacific Capital Group and its majority-owned subsidiary, TaiAn, is engaged in the production, sales, and exportation of deeply processed chemicals, with a primary focus on non- ionic cellulose ether products. Cellulose ether is an organic chemical that dissolves in water and other organic solvents. Due to the surface-active properties of cellulose ether, it acts as a thickener and stabilizer in aqueous solutions, making it a beneficial additive in a wide variety of commercial industries and products, including, but not limited to the pharmaceutical industry, the construction industry, PVC products, food and beverage products, petroleum, and co
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SOURCE China Ruitai International Holdings Co., Ltd.
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