One day after China approved for the new Apple, Inc. (NASDAQ: APPL) Wi-Fi version of the iPad to be sold in mainland China, one of China’s leading digital media content providers announced their plans to capitalize on the iPad craze. Shares in penny stock Great China Mania Holdings, Inc. (GMEC) surged 430.30% to $0.28 on 22X its 3-Month Average Volume.
GMEC made it known to all penny stock traders that the new iPad approval would be a huge revenue generator for the online and print publishing company. GMEC announced the launch of its successfully released digital magazine “Young Heat” iPad application.
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This new application launch into the Chinese market will allow for GMEC and their magazine to gain unprecedented distribution in multiple media formats. Apple’s iPad controlled 70% of the Chinese Tablet Market in 2011.
GMEC is no “start-up with a good idea” looking for funding. According to their Ammended 10Q filed with the SEC, GEMC reported $244,274 cash and cash equivalents for the quarter ended September 30, 2011. GMEC reported revenues of $1,352,378 and $3,513,127 respectively for the three and nine months ended September 30, 2011.
Considering Apple CEO Tim Cook’s comments on the launch of the iPhone 4S in China during Apple’s first-quarter earnings call, demand is “staggering” and “off the charts,” GEMC should see growth similar to that of Beijing Information Technology Co., Ltd. (VIVA); the largest digital mobile magazine distribution platform in China.
While VIVA focuses on mobile phone users, VIVA provides GMEC with digital media distribution channels which allows for a greater market opportunity for GMEC. Compared to the same industry, the number of users in the product line has been rising: there are currently 42 million users and monthly users view magazine pages 280,000,000 times. The magazine, “Young Heat”, has 8 million monthly users while each user on average views the content for 13.5 minutes.
The following are linked on the GMEC website as content the company currently provides:
Bottom Line: With the exponential growth in China and the love the Chinese have for their gadgets, especially Apple products, GMEC is undoubtedly a penny stock to watch. You have the three factors all in-line with GMEC; Consumer Demand, Hype, and Revenues.Share