First Quarter of 2009 Financial Results
Revenue for the three months ended March 31, 2009 was $17.4 million compared to $10.1 million for the same period in 2008, an increase of approximately 72.4%. The increase in revenue was due to improved weather conditions in the first quarter 2009, compared to the same period last year when severe snowstorms struck most areas in China. The growth in revenue was further supported by the Chinese government's effective economic stimulus plans, creation of a new holiday policy to include a 3-day public holiday in April -- "Tomb sweeping day", the successful rollout of additional TRIPEASY Kiosks, and the Company's increased brand recognition.
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