SHANTOU, China, January 2, 2014 /PRNewswire/ --
Big Tree Group, Inc. (OTCQB: BIGG) ("Big Tree Group"), a company that serves as a "one stop shop" for the sourcing and distribution of toys and related products, announced today that it continues to see full year revenues reaching a record of over $45 million and earnings per share exceeding $0.14. The Company expects to report its full year 2013 results in March of 2014. The revenue growth was led by its wholly owned subsidiary, Shantou Big Tree Toys, which operates Big Tree Group's toy exporting business.
The toy exporting business at Shantou Big Tree Toys grew by approximately 50% in 2013 and is expected to account for approximately $15 million of total revenues. The Company has targeted export sales as a major area for future growth and has devoted substantial resources toward establishing the Big Tree Toys brand as a trusted source of quality toys. The strong sales growth in 2013 is evidence that this effort has been successful and management anticipates substantial growth for this business in 2014.
Mr. Wei Lin, Chairman and CEO of Big Tree Group, stated, "We are pleased with our strong revenue growth in 2013 as our emphasis on quality and pricing has enabled us to expand our global customer base. We continue to see strengthening demand from numerous toy markets worldwide, including North America, South America, the Mideast, Asia and Europe. We believe we have built a strong foundation for growth through our sourcing capabilities, our quality control systems and our emphasis on custom service over the past several years. This has enhanced our reputation as a reliable 'one stop shop' for toy industry buyers across the globe. We are confident that we can build on our reputation and position our company to continue to deliver stronger financial performance for years to come."
About Big Tree Group, Inc.
Big Tree Group, Inc., headquartered in Shantou, China, a city known in the toy industry as the premier location for toy manufacturing in China, serves as a "one stop shop" for the sourcing and distribution of toys and related products. We act as an authorized agent for over 8,000 toy manufacturers in China offering in excess of 300,000 varieties of toy products including remote control toys, digital toys, sports toys, play sets, educational toys, dolls and infant toys. We showcase these products at our two expansive showrooms in Shantou where we also facilitate orders and combine shipments to destinations across the globe. Customers can also order via our website knowing that the products we represent have undergone rigorous quality control tests at our in-house testing facility. Additionally, we market a line of proprietary construction toys known as the Big Tree Magic Puzzle which we sell on our websites as well as through domestic retail store channels. For more information about the Company, please visit http://www.bigtreegroup.net.
In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Big Tree Group, Inc., is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2012.
Tel: +1-954-363-9333, Ext. 316
SOURCE Big Tree Group Inc.