China Marine Food Group Ltd., a China based processor and distributor of seafood products, today announced revenue and net income guidance figures for the year 2010, showing anticipated increases in revenue and net income.

The company is now forecasting 2010 revenues of greater than $80.0 million, based on current sales from China Marine’s existing distribution network of 19 master distributors in seven provinces throughout China. The forecast anticipates strong performances from the sales territories of Jiangsu and Shanghai, plus continued growth in Guangdong and the Sichuan area, including the cities of Chengdu and Chongqing. China Marine also plans to launch a number of new products, as well as add new sales territories to their network, and secure product placements at additional retail food chains with the company’s Mingxiang® brand seafood snack foods.

In addition, higher sales, together with stable margins and improved efficiencies due to production line capacity increases, are expected to

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Today, China Digital Animation Development, Inc. announced that it has entered into a stock purchase agreement with Chongqing Dinv Ares Filming Production Co., Ltd. (Dinv Ares), an award-winning film production company based in Chongqing, China. The acquisition will be an all-stock transaction in which China Digital Animation will issue one million shares of its common stock to Dinv Ares. In exchange, it will receive certain assets of the company.

The acquisition of Dinv Ares provides China Digital Animation with a talented, creative team of production professionals, in addition to assets such as: post-editing facilities, professional video cameras, lighting, audio and other auxiliary equipment. Dinv Ares also provides equipment rental, distribution and media agents for the entertainment industry. Dinv Ares’ acquired business lines generated revenue of $3 million, gross profit of $1.5 million and net income of $930,414 in 2009.

Mr. Qiang Fu, Chairman and Chief Executive Officer of China Digital Animation,

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Pay88 Inc. operates through its wholly owned subsidiary Chongqing Qianbao Technology Ltd as a growing digital technology company. Pay88 is a leading reseller of Internet game time in China and is primarily engaged in selling prepaid online multi-player game cards in more than 20 cities in China. The company today announced an agreement with Chongqing Kai Yuan investment Co., which will allow new clients to use Pay88’s platform for financial services, including to apply for loans online.

Chongqing Kai Yuan Investment Co. provides micro-loans to small enterprises throughout Chongqing, the third fastest-growing regional economy in China. Today’s agreement represents Pay88’s first step toward achieving its goal of becoming China’s “online supermarket of financial products and services,” by adding financial services and products to its offerings.

“Kai Yuan has a solid management structure with excellent local know-how about Chinese enterprises, the capital markets and the finance systems, and they provide valuable financial

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Pay88, Inc. reported yesterday that its wholly-owned subsidiary Qianbao Technology will act as a distributor for Alibaba.com Limited (HKSE: 1688.HK). Pay88 already has an established network of users in Southwestern China where the distribution for Alibaba will occur.

Pay88, Inc. is a rapidly growing digital technology company and the leading reseller of internet game time in China. Alibaba.com Limited (HKSE: 1688.HK) is the world’s largest marketplace for global trade and the leader in business-to-business (B2B) e-commerce. The agreement will enable Pay88 to expand products in its current distribution pipeline while opening new geographic markets up to Alibaba.

Guo Fan, Chairman and President of Pay88, commented on the new agreement saying, “Pay88’s diverse distribution channels and strong presence in Chongqing and the southwest regions of China offer a unique opportunity to utilize the strengths of both companies.”

Tao Fan, COO of Pay88, added, “As a result of this new relationship, Qianbao Technology will

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Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies, products and services, and Global Wireless Technologies LLC (GWT), a designer and developer of wireless solutions for the cellular access point market, today announced that they have entered into a CDMA femtocell (including femtocell modules) license agreement.

About Qualcomm Incorporated Qualcomm Incorporated (Nasdaq: QCOM) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 100 Index, the S&P 500 Index and is a 2009 FORTUNE 500((R)) company.

About Ener1, Inc. Ener1 develops and manufactures compact, high performance lithium-ion batteries to power the next generation of hybrid, plug-in hybrid and pure electric vehicles. The publicly traded company (Nasdaq: HEV) is led by an experienced team of engineers and energy system experts at its EnerDel subsidiary located in Indiana.

IMAX

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Universal Travel Group is a growing travel services provider in China. The company provides services such as: hotel reservations, airline bookings, and packaged tours via the internet and through customer service representatives.

The company announced today the successful achievement of new milestones with regard to its Chongqing expansion strategy. Universal Travel also announced that it has formed a strategic partnership with China Telecom to rollout an additional 100 TRIPEASY kiosks equipped with China Telecom’s 3G services in the third quarter.

In Chongqing (a large city in western China), the company has formed partnerships with 50 travel agencies to expand its regional coverage and market share. It has also placed 30 of its revolutionary TRIPEASY kiosks throughout Chongqing in apartment and residential communities to support its retail effort and marketing strategy.

Universal Travel has also formed a strategic partnership with China Telecom, the 2nd largest telecom company in China, to upgrade the company’s TRIPEASY

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Most of the major food and beverage companies are now investing in China as part of their expansion strategies. PepsiCo (PEP), one of the world's largest food and beverage company, opened its first overseas "green" plant in Chongqing, China. The investment is part of the company’s plans to invest $1 billion in the country. This is the largest, and the most ambitious development effort of PEP in China to date. The Chongqing plant is the first "green" beverage plant ever built in China, and the first of its kind in the industrial center of Chongqing to comply with the rigorous sustainable engineering standards known as Leadership in Energy and Environmental Design (LEED) set by the Green Building Council. The plant utilizes over 35 water- and energy-saving designs and operates under the world's most advanced technology, including an environmental management system that monitors water and energy use ...

China’s New “Manifest Destiny”

Tony Daltorio, The Investment U Research Team

During my years of experience in the markets, I have found that the consensus opinion on Wall Street is often misguided, incorrect and downright wrong. Today the Wall Street “herd” is moving in the wrong direction again – they’ve missed the real story on China.

The conventional wisdom on Wall Street that China is an export-dependent, coastal-river-delta-driven economy no longer matches the realities in China. China’s economic growth is increasingly being driven from within.

And we need only to look at our own history to understand how…

In the nineteenth century, the United States relentlessly expanded across the North American continent and fulfilled its “manifest destiny.” Over this time period, the United States economy underwent a transition from export-oriented growth to a greater reliance on inner economic

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Fast food franchising giant Subway has opened its first restaurant in Hongyadong, Yuzhong District, Chongqing. A person in charge of the project told local media that their consortium had initially contacted Subway in November 2008. After four months' negotiation, the Subway's headquarters in the United States finally decided in February 2009 to open the restaurant in [...]

HONG KONG SPECIAL ADMINISTRATIVE REGION, People’s Republic of China – As deep as the U.S. auto industry’s financial crisis seems to be, there may actually be a fairly simple solution. Sell out to China. Nearly a decade ago, I warned that Detroit’s Big Three – General Motors Corp. [GM: 1.09, -0.06 (-5.22%)], Ford Motor Co. [F: 5.49, +0.33 (+6.40%)]and Chrysler LLC – had better learn to speak Chinese if they wanted to survive. I’ve repeated that warning many times since. Now, it appears that the idea is finally entering mainstream thought. China may well be Detroit’s lifeline. From some – chiefly those who don’t understand that Detroit has largely failed to make a passing grade in an increasingly global economy – my warnings have attracted a lot of criticism. That’s unfortunate, because by

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