Ludlow China Issues Upgrades Rating on Cardtrend International

Last Updated: Nov. 16, 2007 –6:40pm EST

NEW YORK--Nov 16, 2007 --Ludlow China upgrades Cardtrend International (OTC: CDTR.PK - News), a company focused on the payments and loyalty-rewards industries in China and throughout Asia, from a ‘speculative’ B- to B rating, with near term price target of $0.35 a share.

SUMMARY

On Nov. 15, 2007, Cardtrend International filed their third quarter earnings results, and things were looking up. For the nine-months ending Sept. 30, 2007 the company reported a dramatic increase in revenues of $1,211,7143, as compared to $60,429 for the same period in 2006. On the bottom line the company net loss decreased 45% to ($1,791,158), from ($3,128,195) for the same nine-month period in 2006.

With increasing revenues, and decreasing net losses, the company seems to be on the right track to take market share of the credit and loyalty card market in China. The company has closed on their acquisition of Global Uplink, added of 120 employees to the Cardtrend umbrella, and should shortly reapply for listing on the OTC BB exchange. Thus, Ludlow China is upgrading its rating on the company from 'speculative' B- to B, with a near term target of $0.35 a share.

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THIRD QUARTER RESULTS

For the three months ended Sept. 30, 2007 total revenues grew to $447,336, as compared to $12,911 for the same three month period in 2006. The company reported an increase in gross profit of $177,948 for the third quarter, as compared to $10,221 for the same period in 2006. The company reported a decrease in total net loss of ($1,049,738), or ($0.02) EPS, as compared to a loss of ($1,194,154), or ($0.03) for the same three-month period in 2006.

NINE-MONTH RESULTS

For the nine-months ended Sept. 30, 2007 total revenues grew to $1,211,7143, as compared to $60,429 for the same nine-month period in 2006. The company reported an increase in gross profit of $390,914, as compared to $38,287 for the same nine-month period in 2006. The Company reported a decrease in total net loss of ($1,791,158), or ($0.04) EPS, as compared to a loss of ($3,128,195), or ($0.09) for the same nine-month period in 2006.

As of Sept. 30, 2007 there were a total of 70,107,609 common shares issued and outstanding.

A full and detailed copy of our third quarter 2007 financial earnings report can be obtained online at www.sec.gov.


GLOBAL UPLINK ACQUISITION

On Nov. 10, 2007, the company announced the closing of the acquisition of Global Uplink Communications, Ltd. (“Global Uplink”), a Chinese company based in Guangzhou, Guangdong Province, China. The company will take over the lease of Global Uplink China's 200-seat call center in Guangzhou China, and will transfer 120 Global Uplink China employees to its own staff.

This acquisition of Global Uplink should go a long way in expanding Cardtrend’s existing services and customer base by adding to their payment-card and loyalty-rewards programs, as well as payment transactions services to Global Uplink.

RISK FACTORS

Some risk factors that may effect the valuation calculations in this report are the companies inability to meet fiscal 2006/2007 revenue projections, an increase in shares issued and outstanding, decrease in interest or price/sales ratios of wind power stocks, industry competition, government regulations in China, technological advances, patent and copyright litigation, decrease in energy prices, geopolitical events, accounting changes and restatements, and legal issues.

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Contact:

Gerry Salazar
Ludlow China Advisors, LLC
Phone: (718) 855-8451
Email: gerry@ludlowchina.com 

Disclaimer:

This is NOT a solicitation to Buy or Sell any security, but rather is for research purposes only. Content contained herein includes facts, views, opinions and recommendations of individuals and organizations deemed of interest. Ludlow China Ventures does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse these views, opinions or recommendations, or give investment advice. Ludlow China Ventures, its affiliates, or directors, may or may not hold a position in the above security from time to time, and investors are encourage to consider this as a possible conflict of interest when reviewing this information. In Compliance with SEC Rule 17B Ludlow China Capital, the parent company of Ludlow China Ventures was compensated one hundred restricted shares for the distribution of this research material, and is a component of our privately managed  Ludlow China Small Cap Index, and should be considered a possible conflict of interest when reviewing this report and information. 

Safe Harbor Statements:

This research report includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.

(NOTE: Ludlow China Ventures is NOT a broker-dealer, and does not offer buy or sell recommendations. Ludlow Capital's reports are strictly independent investment opinions, and does not hold any positions in the companies we cover unless otherwise clearly stated in our report. Rather, we offer our subscribers a perspective on each investment from our years of experience in dealing with small and micro-cap companies. We update our investment opinions and commentaries throughout the year, and encourage any interested investors to subscribe to our yearly membership to receive regular updates on these companies.)