China INSOnline Corp. (CHIO) Files Amended Quarterly Report for the Period Ended on 2007-12-31

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Dec 15, 2008
China INSOnline Corp. (CHIO, Financial) filed Amended Quarterly Report for the period ended 2007-12-31.

Dexterity Surgical Inc. is engaged in the distribution of instruments equipment and surgical supplies used in and hand-assisted laparoscopic surgery through an exclusive distribution agreement with Weck Closure Systems LLC. China INSOnline Corp. has a market cap of $68 million; its shares were traded at around $1.6 .


Highlight of Business Operations:

ZYTX was originally founded with goal of raising the national insurance consciousness and reducing the cost on national security in China by constructing and maintaining its network portal (www.soobao.cn) in order to integrate and optimize business flow during the course of insurance sales and related client services. From incorporation through the end of June 30, 2007, ZYTX was primarily engaged in institutional preparation and prior-period business development. Thereafter, through trial implementation of www.soobao.cn, ZYTX s products and services received favorable reviews and recognition in the Chinese insurance industry. ZYTX strengthened its technical research and development and expanded its product line after collecting suggestions from clients. In April 2007, www.soobao.cn was formally put into use. From October 8, 2006 (inception) through June 30, 2007, ZYTX s fiscal year end, ZYTX realized a business income of RMB 17.2 million (US$2.2 million) and net profits of RMB 13.8 million (US$1.8 million).

Cash consideration includes discounts and other offers that entitle a customer to receive a reduction in the price of a product. For the six months ended December 31, 2007 and period from October 8, 2006 to December 31, 2006, the Company recognized $61,779 and $0, respectively, as a reduction of revenue for the discount offered to its customers.

Depreciation expense for the six months ended December 31, 2007 and the period from October 8, 2006 (Inception) to December 31, 2006 was $6,544 and $402, respectively.

The Company s consolidated revenue of $2,953,867 and net revenue of $2,892,285 for the three months


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