Success Holding Group International Inc.
CEO: Steven Chen
Investor Relations Contact Information
M & T Business Consultants Inc.
Toll Free: 1-855-465-9520
SHGT Website: www.shgtusa.com
WSA: Good day from Wall Street this is Juan Costello, Senior Analyst with the Wall Street Analyzer. Joining us today is Steven Chen, CEO of Success Holding Group International. The company trades on the OTCQB, ticker symbol SHGT. Thanks for joining us today, Steven.
Steven Chen: Sure, my pleasure.
WSA: Great. Now, starting off, please give us a history and overview of Success Holdings.
Steven Chen: Success Holdings was established back in the 1990s by myself. Of course, it started out as a main business training company and it gradually evolved its present business models and it’s currently listed in the OTCQB in the United States and the company plans to invest, merge and acquire profitable businesses with excellent business models. SHGT targets to invest in 30 brands in the next 10 to 20 years.
WSA: Great. Now, can you talk about some recent news there, you recently received a big loan and also had some advertising done on your movie, The Pronunciation of Love.
Steven Chen: Yes, yes. Last month in September the company increased in assets and profits over $2 million, basically from training, advertising and sponsorship of the Internet movies and two of the Internet movies have been done and one is ready to show at any time and the other one is doing the final editing. I’m expecting for this fiscal year an EPS of 40 cents per share.
WSA: Definitely and what are some of the synergies that you’re looking for in your possible acquisition and merger candidates?
Steven Chen: Right now we’re basically targeting mostly in the Internet industries and also in the movie business and chain stores and in the future we will target on fiber-optics or Internet-related things, new energy, and also our latest venture, health drink.
WSA: Good. And what are some of the current trends that you’re seeing right now in this sector, which I guess – in your terms is acquisition and how you positioning the company to capitalize?
Steven Chen: SHGT is always seeking private and public companies in Asia to acquire and merge and SHGT currently is in the OTC market and soon we’ll apply for NASDAQ and at that time we’ll have more resources and leverages to do more valuable transactions.
WSA: What are some of the factors that you feel make the company unique?
Steven Chen: Because SGHT focuses on virtual network and chain stores building, so this online-offline business model I believe is really great and also SGHT selects profitable business in Asia so people from Europe and North America can profit from the world’s largest consumer market.
WSA: Certainly and you have a pretty interesting background. Can you talk to us about your background and experience, and talk about the management team there?
Steven Chen: Sure. I’m considered to be, like, one of the top motivational speakers in Asia. I have done this for, like, 26 years now and I’ve published over 20 books. I’m one of the best-selling authors in Asia. I’m currently the Chairman of SHGT and the Chairman of Success Entertainment and also our Vice Chairman, Chris Hong, he is in the investment management for 30 years and he has served as directors for many public-listed companies such as the Beauty Group, Acme Foods, Success Prime Corporation, and also our General Manager, Brian Kistler, he is in the financial service industry since 1987. He was the manager of Raymond James offices in northern Indiana and he is with SHGT last year since May.
WSA: Great. And so any other goals and milestones for the upcoming 6 to 12 months that we didn’t cover?
Steven Chen: The year 2014 we tried to reach US$19 million in net profits to reach an EPS of 50 cents per share and in the year 2015 we will try to reach US$39 million net profits and again to reach 50 cents per share EPS. In the first quarter of 2015 we’ll try to apply for NASDAQ and also hopefully we’ll get on the Frankfurt General.
WSA: Sure. And so when it comes to investors in the financial community what do you wish they better understood about SHGT and your upside?
Steven Chen: Our business model is to invest and acquire the most profitable business models and put heavy focus on investing in Internet-related businesses and chain stores, which means the OTO online to offline and our subsidiary will focus on the entertainment business, which means the big screen movies and the Internet movies. We plan to have two big-screen movies within one year and also 30 Internet movies within the next 12 months and we target to invest in 30 brands to become one of the major holding groups in the next 10 to 15 years.
WSA: Well, good and once again joining us today is Steven Chen, CEO, of Success Holding Group International, Incorporated. As mentioned, the company trades on the OTCQB, ticker symbol SHGT, currently trading at 265 a share and market cap in the $60 million range and before we conclude here, Steven, to recap some of your key points, why do you believe investors should consider the company as a good investment opportunity today?
Steven Chen: SHGT has a great OTO business model that focuses on the largest consumer market in the world and invest with SHGT means investing in unbelievable growth potential and with our experience in Asia you don’t need to speak Chinese to harvest from the largest market in the world, so we save the investors from Europe to North America a lot of time, energy and avoid lots of headaches, so I think that creates a win-win proposal.
WSA: Well we certainly look forward to continuing to track the company’s growth and report on your upcoming progress and we like to thank you for taking the time to join us today, Steven and update on our investor audience on SHGT.