* New FSA boss says finance industry must be stronger Japan
* New FSA boss says finance industry must be stronger Japan * Says will work to improve Tokyo as global financial centre * Says no decision on extending short-selling freeze By David Dolan TOKYO, July 14 (Reuters) - Japan needs a more robustfinancial services industry to help boost the world'ssecond-largest economy, the new head of the financial regulatorsaid on Tuesday. "By preparing now, we will be in great shapeto have a very lucrative holiday sales season."ShopVisible offers online retailers the following recommendations for holidaysales planning:Is Your Web Site Ready? : Make sure your Web site and underlying technologywill support marketing plans. With more peopleexpected to shop online than ever before - the stakes couldn't be higher. Bydeveloping a plan now for Christmas, businesses can fix and prevent problemswith online storefronts before it's too late."We've begun setting our end-of-year sales plan into motion with features suchas social media sharing, gift lists and free shipping," says Susan Aplin,president and CEO of Bambeco . ATLANTA, July 14 /PRNewswire/ -- Online retailers need to ask themselves today- am I ready for the winter holiday shopping season? ShopVisible LLC, aleading ecommerce solution, is helping e-tailers get ready now so they canmaximize sales during the most critical selling season of the year."If you are an online retailer looking to capitalize on the holiday season,the time to start preparing is now," says CEO of ShopVisible Sean Cook."Whether it's time to overhaul your Web site, or just prepare your marketingtactics for the holidays, there are efficient and effective strategiese-tailers can easily implement to achieve results." Flagging retail sales this year will create intense pressure on the holidayshopping season for retailers to meet annual sales goals.
Lund, Vice President, Corporate Marketing of Telmar NetworkTechnology, +1-972-836-0451, . Contact:On-line Investor Contact:Crescendo Communications, LLC AGORACOM Investor RelationsDavid Waldman or Klea Theoharis http:// (212) 671-1020Email: Web: http:// Advanced Construction Materials Group, Inc.David Waldman or Klea Theoharis of Crescendo Communications, LLC,+1-212-671-1020, , or AGORACOM Investor Relations, http://. The Company has no obligation to update the forward-lookinginformation contained in this press release. Accordingly, although the Companybelieves that the expectations reflected in such forward-looking statementsare reasonable, there can be no assurance that such expectations will prove tobe correct. Additional Information regarding risks can befound in the Company's Annual Report on Form 10K and in the Company's recentreport on Form 8K filed with the SEC.
Such statements involve known and unknown risks, uncertainties andother factors that could cause the actual results of the Company to differmaterially from the results expressed or implied by such statements, includingchanges from anticipated levels of sales, future national or regional economicand competitive and regulatory conditions, changes in relationships withcustomers, access to capital, difficulties in developing and marketing newproducts, marketing existing products, customer acceptance of existing and newproducts, and other factors. China ACM owns one plant,leases two plants and has technical services and preferred procurementagreements with four other independently-owned plants.China ACM is ISO 9001(product quality), ISO 14001 (environmental safety), and ISO 18001 (employmentenvironment safety) certified.Additional information about the company isavailable at press release contains "forward-looking statements" within the meaning ofthe "safe-harbor" provisions of the Private Securities Litigation Reform Actof 1995. The companyalso aims to develop and produce new and innovative environmentally consciousconstruction materials. China ACM provides materials and services through its seven ready-mix concreteplant network covering Beijing metropolitan area. The company is primarily focused on producingand supplying a wide range of advanced ready-mix concrete materials for highlytechnical, large scale, and environmental construction projects.
Han concluded, "In addition to our use of recycled waste materials, we arealso at the forefront of the industry due to our efficient production ofconcrete materials with minimal energy usage, our ability to reduce dust andair pollution, as well as our innovative and high quality products.Wecommend the government's commitment to improving the environment, whileincreasing and ensuring the highest standards across the industry."About China ACM China ACM, founded in 2002 and based in Beijing, China, is a leading producerof advanced construction materials for large scale commercial, residential,and infrastructure developments. This certification will have a significant andimmediate effect on our net income.""China ACM was awarded the VAT credit based on our effective utilization ofnatural resources.Specifically, our concrete mixtures utilize highquantities of fly ash and waste rock.As a result, we have transformed commonindustrial byproduct to useful manufacturing materials.Our usage of recycledmaterials has improved the technical quality performance of products,decreased the usage of cement and other resources, and, in turn, we achievedthe country's highest environmental standards for both economic and socialbenefit.We currently use at least 30% recycled components in our mixturesand we continue to innovate and find ways to increase this percentage."Mr. In particular, we have two patentsthat played an important role in this certification: (1) a high-performancepumping concrete containing mineral admixtures, and (2) C100 high-performanceconcrete and its formulations. Xianfu Han, Chairman and Chief Executive Officer, stated, "We areextremely pleased with the tax advantaged status that China ACM has receivedfrom the PRC government as a result of developing our environmentally friendlyconcrete production methods and products. The company records the VAT creditas "Other Subsidy Income" on its income statement, which accounted forapproximately $1.2 million in fiscal 2008 and $1.3 million through the thirdquarter of fiscal 2009.Mr.
Due to the fact that China ACM usesrecycled raw materials to manufacture its products, the State Administrationof Taxation had previously granted the company a VAT exemption from August2005 through August 2009.The two year extension provides China ACM anexemption from the VAT through August 2011. The standard VAT rate is 6% of grosssales within the concrete industry. The company expects the tax reductionwill result in savings of more than $1 million per year, beginning in calendar2009.The company also announced that it has been approved for a 6% value added tax(VAT) credit by the State Administration of Taxation, extending its priorcredit for an additional two years.Enterprises or individuals who sellcommodities, engage in repair and maintenance or import and export goods inthe PRC are subject to a value added tax. The issuing parties include the BeijingCity Committee of Science and Technology, the Beijing City Department ofFinance, the Beijing City Department of Taxation, and the Beijing CityDepartment of Land.The certificate was awarded based on the company'sinvolvement in producing high-tech products, its research and development, aswell as its technical services.As a result of this certification, thecompany's effective income tax rate has been reduced to 15% from 25%.The newtax rate will be retroactive to January 1, 2009 and will be effective forthree years, through December 31, 2011.