(GlobeNewswire Via Acquire Media NewsEdge) DALLAS, Aug. 22, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring Longtop Financial Technologies Ltd. (OTCBB:LGFTY). The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.
The full report is available at: www.microstockprofit.com/lp/LGFTY Longtop Financial Technologies Ltd. (LGFTY) is a software development and solutions provider targeting the financial services industry in China. It develops and delivers a comprehensive range of software applications and solutions with a focus on meeting the rapidly growing IT needs of the financial services institutions in China. LGFTY is the highest ranked Chinese financial technology provider on the Global FinTech 100 survey of top technology partners to the financial services industry. Independent research firm IDC has also named Longtop the No.1 market share leader in China's Banking IT solution market and the No.2 market share leader in China's Insurance IT solution market in calendar year 2009. Headquartered in Beijing, the Company has six solution delivery centers, three research and development centers and 95 ATM service centers located in 27 out of 31 provinces in China.
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In the report, the analyst notes: "In trading on Friday, shares of the Chinese software company jumped as high as 172% as volume soared to more than 13 million shares -- two days after news broke that it will be delisted from the New York Stock Exchange (NYSE)." "LGFTY reported total revenues of $76.9 million for its third quarter ended March 31, 2011, representing a year-over-year increase of 40.7%. Operating income for the quarter was $40.2 million, up 37.1% from the comparable quarter last year." To read the entire report visit: www.microstockprofit.com/lp/LGFTY See what investors are saying about LGFTY at http://www.stockhideout.com Get breaking news on LGFTY at http://thestockmarketwatch.com/ MicroStockProfit.com is a small-cap research and investment commentary provider. MicroStockProfit.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on MicroStockProfit please visit: http://www.microstockprofit.com MicroStockProfit.com Disclosure MicroStockProfit.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. MicroStockProfit.com is a Web site wholly owned by BlueWave Advisors, LLC. Neither MicroStockProfit.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. Please read our report and visit our Web site, MicroStockProfit.com, for complete risks and disclosures.
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Source:tmcnet