NEW YORKNov. 7, 2011 /PRNewswire/ -- China Precision Steel (Nasdaq: CPSL) today announced that November 3rd RetailInvestorConferences.com presentation is now available for on-demand viewing. LINK: www.retailinvestorconferences.com > Click the red "register/ watch event now" button. China Precision Steel's presentation will be available 24/7 for 90 days. Investors may download shareholder materials from the "virtual trade booth" for the next three weeks. About China Precision Steel: China Precision Steel (CPS) is a niche, high value-added steel processing company engaged in processing commodity steel to create a specialty premium steel. The Company manufactures and sells high precision ultra-thin (7.5 mm to 0.03 mm) cold rolled steel products and provides heat treatment, cutting and slitting for medium and high carbon steel strips. Specialty precision steel pertains to the precision of measurements and tolerances of thickness, shape, width, surface finish, and other special quality features of highly engineered end use applications such as automobile components, household appliances, saw blades, weaving needles, packaging and containers, and microelectronics. The Company is recognized as a manufacturer of high quality, internationally competitive precision steel products. About RetailInvestorConferences.com: RetailInvestorConferences.com, created by BetterInvesting (NAIC)PR Newswire and MUNCmedia, is the first monthly virtual investor conference series that provides an interactive forum for presenting companies to meet directly with retail investors using a graphically-enhanced online platform. Designed to replicate the look and feel of location-based investor conferences, Retail Investor Conferences unites PR Newswire's leading-edge online conferencing and investor communications capabilities with BetterInvesting's extensive retail investor audience network and MUNCmedia's sophisticated retail investor targeting. SOURCE China Precision Steel
China Precision Steel CPSL exploded to a one-year high of $3.75 on Thursday on higher-than-average volume. The stock had amassed a volume of more than 1.5 million as of 2:40 p.m., more than 100 times its average of 14,925. The company made no announcements this week but reported its second-quarter results in mid-February. China Precision Steel reported revenue of $11.9 million, gross loss of $5.1 million, net loss of $13 million, fully diluted loss per share of $3.34 and international sales of $0.2 million, which accounted for 2% of total sales.
RealMoney.com contributor David Sterman says China is still the number one global play right now - so this week we delve into what the government is doing to ensure future growth. From an interview with China Precision Steel CFO Leada Li where we get the scoop on how the Chinese government's recent stimulus package will affect the company, to retail picks and the right way to get in on Baidu - we give you all sorts of ways to play the Chinese market.