New York, NY, June 25, 2007 -- Greater China Acquisition Corp. (the "Company"), a US Public Reporting Company, is please to announce that it is currently seeking to acquire one or more companies with significant business operations in the People's Republic of China (PRC), and to pursue other related activities intended to enhance shareholder value.
The Company's acquisition of a business opportunity may be made by purchase, merger, exchange of stock, or otherwise.
The Company does not focus on specific industries, but rather on high growth, well managed and profitable Chinese private companies.
The Company believes a Chinese target company should meet certain financial requirements in order for it to be a viable reverse merger candidate. In the opinion of the Company's management, the target business must be able to achieve a minimum US$30 million market valuation, based upon historical financial performance relative to its publicly traded peer group. Depending on the industry and any unique factors, this typically would equate to approximately US$1.5 million to US$2 million in historical, after-tax profit based on a P/E of 15 to 20 times earnings.
In certain cases, the Company would consider merger candidates that fall below its profitability threshold, if there is justification and evidence that the target company's public valuation would exceed the abovementioned market capitalization requirement.
Upon successful consummation of a business combination by the Company, the Company plans to have its common shares listed for trading in the United States secondary market such as the NYSE, NASDAQ, AMEX or the NASD OTC Bulletin Board (OTC-BB).
Contact
For additional information, please visit the Company's website on the Internet at URL: http://www.GreaterChinaIPO.com and/or E-Mail the Company at info@greaterchinaipo.com and a representative will contact you to discuss ways the Company can help you achieve your goals of taking your private Chinese company public in the US Capital Market.
Disclaimer:
We must file a registration statement which describes the merger and your company to the public.
This communication shall not constitute an offer to sell or the solicitation of an offer to buy our securities nor shall there be any offer to sell or sale of our securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State. Our securities may not be sold nor may any offers to buy be accepted in connection with any merger, combination or exchange offer prior to the time a registration statement covering any such transaction is filed with and declared effective by the U.S. Securities and Exchange Commission.
