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Global-Tech Advanced Innovations Inc (NASDAQ:GAI), Down By 8.11% ($0.54) From $6.660 After BUYINS.NET Report Predicted Stock Wo

^{Published on 2012-08-28 07:41:42 - WOPRAI}
 

August 28, 2012 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , a provider of unique trading technologies, released a report on Monday, August 27th 2012 stating that Global-Tech Advanced Innovations Inc (NASDAQ:GAI) was expected to go Down due to the Bearish conditions presented in the following report. Click here to view the BUYINS.NET report: http://www.buyins.net/releases/?sym=gai&id=303813

At the time this story was written, Global-Tech Advanced Innovations Inc (NASDAQ:GAI) is Down By $0.54 (8.11%) since the BUYINS.NET report was released.

The movement of stock prices in the days and weeks leading to and following specific fundamental or technical events may follow a predictable pattern. Many companies stock price histories show random or unpredictable movements around certain events. But some seem to repeat the same pattern quarter after quarter, year after year. We use powerful computers to uncover those events and correlations to generate predictions with high probabilities of generating very specific returns within very specific time periods.

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Global-Tech Advanced Innovations Inc (NASDAQ:GAI) - Global-Tech Appliances, Inc. (Global-Tech) is engaged in the business of designing, manufacturing and selling a range of small electrical household appliances to brand marketers in developed countries. The product categories are floor care products, kitchen appliances, garment care and travel products, and environmental care products and accessories. The Company has designed, engineered and tooled its own products, and offered them for sale to household appliances companies for sale under their own brand names. Global-Tech established a separate subsidiary, Global Display, to develop and market a range of display-oriented products.

Some of the subsidiaries of the Company include Global Lite Array (BVI) Limited, Dongguan Wing Shing Electrical Products Factory Company Limited, Wing Shing Products (BVI) Company Limited and Dongguan Lite Array Company Limited. The Company's product category includes Kitchen appliances, Floor care products and Others. The other product category includes garment care and travel products, environmental care products, personal and healthcare products, and accessories for each of its product categories and display product samples, as well as tooling income for procurement, design and manufacturing of tooling and molds.

Kitchen appliances

Global-Tech manufactured a line of kitchen appliances, including blenders, breadmakers, coffeemakers, electric knives, espresso machines, food choppers, food processors, food steamers, ice cream makers, indoor grills and rice cookers. Kitchen appliances represented 18.2% of its net sales during the fiscal year ended March 31, 2005 (fiscal 2005).

Floor care products

Global-Tech's floor care products include hand-held steam vacuum cleaners, upright vacuum cleaners and extractors. Floor care products represented 70.8% of the net sales in fiscal 2005. The Company is continuing to concentrate the efforts on introducing original design manufacturing (ODM) floor care products to the market. As a contract manufacturer, the Company's sales in this category has been principally driven by its product quality, testing systems, electric motor production, and its tooling and injection molding machinery for large plastic parts, which is already in place.

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Contact: BUYINS.NET Thomas Ronk 800-715-9999 tom@buyins.net http://www.buyins.net