The new web site is intended to help investors better understand China’s 24 karat gold jewelry industry and Kingold’s position within the industry, its corporate history, unique business model and management team.
ABOUT KINGOLD JEWELRY
Kingold Jewelry, Inc. (OTCBB:
News), centrally located in Wuhan City, China's fourth largest city, was founded in 2002 and today are designers and manufacturers of 24K gold jewelry sold by weight. The Company sells both directly to retailers and through major distributors across China. Kingold has received numerous industry awards and has been a member of the Shanghai Gold Exchange since 2003. Sales have grown from $29 million in FY 2006 to $250 million in FY 2009 with net income growing from $1.3 million to $8.7 million over the same period.