ANDN 40 to 1 forward split

thestockdepot said: "ANDN 40 to 1 FORWARD SPLIT -------------------------------------------------------------------------------- ANDN 40 to 1 FORWARD SPLIT -------------------------------------------------------------------------------- PROPOSAL NO. 1: AMENDMENT OF ARTICLES OF INCORPORATION NAME CHANGE The stockholders holding a majority of the common stock have approved an amendment to Article 1 of the Company's Articles of Incorporation to change the name of the Company to Ever-Glory International Group, Inc. The amendment will be filed with an effective date with the Florida Secretary of State no less than twenty days after the mailing of the Information Statement. [url]http://www.etexpo.com/ProductList.a...4318&HallId=170[/url] FORWARD STOCK SPLIT The stockholders holding a majority of the common stock have approved a 40-for-1 forward stock split of the common stock. The record date, ex-dividend date and the payment date will be determined. In general, persons who own shares of common stock or have purchased shares by the close of business on the ex-dividend date will receive 39 new shares of common stock for each share owned as of the close of business on the ex-dividend date. The Company will issue a press release with respect to the record, ex-dividend and payment dates. With respect to shares held in brokerage accounts, shareholders’ accounts should be credited with the stock split or about the payment date. Each shareholder should consult its own tax advisor with respect to the tax effects of the forward stock split, but the Company’s understanding of the United States federal tax law is that the receipt of the stock dividend shares is not a taxable event for purposes of US federal income tax laws FULL FILING [url]http://www.pinksheets.com/quote/pri...55C&symbol=ANDN[/url]"

LanceJ said: "New Investors: Forward splits An increase in the number of shares based upon the split ratio. For example, a company will announce that it's splitting its stock 40-for-1 in one month. One month from that date, the company's shares (which traded the day before at $3.50 (Friday's close of ANDN)) will now be trading at 1/40 the price from the previous day (so they'll open at $0.0875). The company, which had 127,335 shares outstanding (ANDN shares outstanding as of 8-01-05), now consequently has 5,093,400 shares outstanding. The price has been reduced by 1/40th in order to accommodate a 40 times increase of the share total. At the same time this happens, if you had 1,000 shares, you now have 40,000 shares. As you can see, nothing financially has changed about the company. Stock splits do not affect the fundamental value of the stock. Splitting a stock and increasing its available shares boosts liquidity, or the ability to sell an asset and convert it to cash without a substantial change in price. “The more shares that are freely traded, the easier it is for big investors to get in and out of a stock,” says Gene Munster, a senior research analyst at Piper Jaffray. So this really is a two-edged sword. A board might have a PR that indicates that the reason they did this is to increase liquidity to increase the appeal of a stock to institutional investment. This may or may not be true. The increase of liquidity could also be used to allow company insiders to sell the stock, or other insider/institutional investors to get out of the stock. A recent study conducted jointly by the University of Illinois, the American Graduate School of International Management and Hong Kong University of Science and Technology found that the average stock that undergoes a split will outperform the market by almost 8 percent in the year immediately following the split, and by over 12 percent in the three years immediately following the split. Analysts may agree on a split’s effect on prices. But what’s less clear is how a split can affect the volatility of a stock. One school of thought holds that by attracting smaller investors who may be more likely to jump in and out of investments, a post-split stock is subject to more volatile price swings. Sometimes, companies who have just announced forward stock splits will trend upward in share value and then may plummet because profit takers were only interested in riding up the split and then exiting. I strongly recommend against relying on a stock split as the deciding factor in whether or not to buy stock in a company. Investors should consider a company’s growth potential, earnings, cash flow, and whether or not it has a sustainable business when considering stock purchases. A stock split is not a good reason to invest. Instead, investors should ask themselves whether they would buy the entire company for its market capitalization—the stock price multiplied by the number of outstanding shares—if they had the cash to do so. That's the question that institutional investors ask, and those guys beat the market on a routine basis. In our example above, we take 5,093,400 x $0.0875 = $445,672.5. So the question is, if ANDN were to split tomorrow, if you had the money, would you buy the entire company for $445,672.50? If your answer is no, then you should not buy the stock."

thestockdepot said: "Goldenway is the most production-adjustable factory in Ever-Glory Group. It has 24 production lines for jackets, vests, padded coats, skiwear, jogging-wear, and seam-taped coats as well as 4 trousers lines with a yearly output reaching 2.8 million. It started taking orders from Japan and developed to make European and Northern American ordered goods, from the single uniform to casual wear and further developed to do high fashion items. Goldenway is a world class manufacturing unit and currently makes the following brands Elle, MK+, Guess?, GAP, Levi's, C&A, H&M. [url]http://www.ever-glory.com.cn/english/zzjg/zzjg3.htm[/url] I agree just to do a forward split with nothing else happening your evaluations would be correct. Take a look at the ever-glory website and then give me your opinion."

LanceJ said: "[QUOTE=thestockdepot]I agree just to do a forward split with nothing else happening your evaluations would be correct. Take a look at the ever-glory website and then give me your opinion.[/QUOTE] Why would I want to look at a piece of marketing literature to determine if this is a good buy when I have an even better bit of information to look at: [URL=http://finance.yahoo.com/q/is?s=andn.ob]ANDEAN DEVELOPMENT CORP Financials [/URL] For a company that has been around since 1997, I expect more than this. Companies like this give the OTCBB and Pink Sheets a bad name. Take a look at the 60 Month Chart and see how much you would have lost holding this company over the last 5 years. [URL=http://www.pinksheets.com/quote/chart.jsp?symbol=ANDN&duration=2-6-9-0-0-560]60 Month Chart[/URL] The companies FORM 10-QSB reads like an obituary, my opinion, put it in a coffin and bury it. From Form 10-QSB filed with the SEC for the quarterly period ended June 30, 2005: "The Company has no operations and no working capital. Expenses are being accrued until such time as an acquisition can be made or the Company is able to enter a new business." and "The costs associated with the ongoing operations of the Company made it exceedingly difficult to achieve profitability in the business, which resulted in continuing losses. As a result of those ongoing operating losses and expenses, the Company had a significant working capital deficit, negative stockholder’s equity, and depleted available cash to fund operations. The Company was unable to raise required capital to continue its business in its current form and commenced plans to divest all of its operations and sell substantially all of its assets. On May 5, 2003, the Company entered into a stock purchase agreement (the “Agreement”) whereby the Company would purchase 1,425,000 common shares from two parties (including 900,000 shares to the current officer and director and 525,000 shares to another non-affiliated party) for a purchase price of $75,000 to be paid on by a related party on behalf of the Company. The Agreement further provided that at closing the former CEO would acquire all of the operating assets and assume primarily all of the liabilities of the Company’s business, with the exception of certain Assumed Liabilities in the amount of $57,000, as defined. ""

thestockdepot said: "New People,new business plan Read the PRE 14C ANDN -- Andean Development Corp. Com ($0.0001)(New) Information Statement Pursuant to Section 14(c) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant [x] Filed by the Party other than the Registrant [ ] Check the appropriate box: [x] Preliminary Information Statement [ ] Definitive Information Statement [ ]Confidential, for use of the Commission only (as permitted by Rule 14c-5(d)(2) ANDEAN DEVELOPMENT CORPORATION (Name of Registrant as Specified In Its Charter) ANDEAN DEVELOPMENT CORPORATION (Name of Person(s) Filing Proxy Statement) Payment of Filing Fee (Check the appropriate box): [X[ No Fee Required. [ ]Fee computed on table below per Exchange Act Rules 14c-5(g) and 0-11. (1)Title of each class of securities to which transaction applies: (2)Aggregate number of securities to which transaction applies: (3)Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11: (4)Proposed maximum aggregate value of transaction: [ ] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1)Amount Previously Paid: (2)Form, Schedule or Registration Statement No.: (3)Filing Party: (4) Date Filed: ANDEAN DEVELOPMENT CORPORATION 17870 E. Castleton Street #335 City of Industy, California 91748 INFORMATION STATEMENT Mailing Date: September 10, 2005 We are not asking you for a proxy and you are requested not to send us a proxy General This Information Statement is furnished to the holders of Common Stock, $.0001 par value per share (the "Common Stock"), of Andean Development Corporation (the "Company") on behalf of the Company in connection with a proposed amendment to the Articles of Incorporation of the Company to change the name of the Company to “Ever-Glory International Group, Inc.” or a similar name approved by the Board of Directors, to increase the number of authorized shares of common stock from 100,000,000 shares to up to 1,000,000,000 shares, to approve a 40-for-one forward stock split, and to ratify a previously effected 1-for-30 reverse split of the common stock which was effected in August 2005. The amendments and forward stock split have already been approved and the reclassification has been ratified by the consent of persons holding 10,098,325 Shares, which is a majority of the 10,511,388 outstanding shares. YOU ARE NOT BEING ASKED FOR A PROXY NOR TO VOTE ON THIS MATTER. THIS DOCUMENT IS FOR INFORMATIONAL PURPOSES ONLY. The cost of this Information Statement will be borne by the Company. Record Date The close of business on September 10, 2005, which is the date of the consent action by shareholders approving the above actions, was fixed as the record date pursuant to Section 607.0704 of the Florida Business Corporation Act. The voting securities of the Company are the shares of its Common Stock, of which 10,511,388 shares were issued and outstanding as of September 10, 2005. All outstanding shares of Common Stock are entitled to one vote on each matter submitted for voting by shareholders. Beneficial Ownership of Common Stock Principal Shareholders, Directors and Officers . The following table sets forth the beneficial ownership of the Company's Common Stock as of September 10, 2005 by each person known to the Company to own more than five percent (5%) of the Company's Common Stock and by each of the Company's current directors, and by all directors and officers of the Company as a group. The table has been prepared based on information provided to the Company by each shareholder. Amount of Name and Beneficial Percent of Address Ownership (1) Class KANG Yi Hua, President, Chief Executive Officer 6,319,246 60.1% and Secretary YAN Xiao Dong, Director 498,766 4.8% SUN Jia Jun, Chief Operating Officer and Director 230,200 2.1% GUO Yan, Chief Financial Officer 0 0% WEI Ru Qin, Director 115,100 1.1% LI Ning, Director 383,666 3.7 All officers and directors as a group (6 persons) 7,546,978 71.8% Except as otherwise noted, shares are owned beneficially and of record, and such record shareholder has sole voting, investment, and dispositive power. As of September 10, 2005, there were approximately 20 shareholders of record. PROPOSAL NO. 1: AMENDMENT OF ARTICLES OF INCORPORATION NAME CHANGE The stockholders holding a majority of the common stock have approved an amendment to Article 1 of the Company's Articles of Incorporation to change the name of the Company to Ever-Glory International Group, Inc. The amendment will be filed with an effective date with the Florida Secretary of State no less than twenty days after the mailing of the Information Statement. PROPOSAL NO. 2: AMENDMENT OF ARTICLES OF INCORPORATION INCREASE IN AUTHORIZED COMMON STOCK The stockholders holding a majority of the common s tock have approved an amendment to Article 4 of the Company's Articles of Incorporation to increase the number of authorized shares of common stock from 100,000,000 to up to 1,000,000,000 shares. The number of authorized shares of preferred stock will be unchanged at 5,000,000 shares. The Board of Directors has proposed the increase in authorized common stock in connection with the proposed forward stock split (see proposal number 3 below). Although the Board of Directors has no current plans to make an acquisition or to effect any private or public offerings at this time, the increase in authorized common stock will provide the Board of Directors with the flexibility to for any opportunity that might arise in the future. Such future issuances will not require the approval of shareholders. The amendment will be filed with an effective date with the Florida Secretary of State no less than twenty days after the mailing of the Information Statement. PROPOSAL NO. 3: FORWARD STOCK SPLIT The stockholders holding a majority of the common stock have approved a 40-for-1 forward stock split of the common stock. The record date, ex-dividend date and the payment date will be determined. In general, persons who own shares of common stock or have purchased shares by the close of business on the ex-dividend date will receive 39 new shares of common stock for each share owned as of the close of business on the ex-dividend date. The Company will issue a press release with respect to the record, ex-dividend and payment dates. With respect to shares held in brokerage accounts, shareholders’ accounts should be credited with the stock split or about the payment date. Each shareholder should consult its own tax advisor with respect to the tax effects of the forward stock split, but the Company’s understanding of the United States federal tax law is that the receipt of the stock dividend shares is not a taxable event for purposes of US federal income tax laws. PROPOSAL NO. 4: RATIFICATION OF RECLASSIFICATION OF COMMON STOCK AND PRIOR INCREASE IN AUTHORIZED COMMON STOCK The stockholders holding a majority of the common stock have ratified the Company’s 1-for 30 reverse stock split effected in August 2005, and an increase in the authorized common stock from 20,000,000 shares to 100,000,000 shares filed with the Florida Secretary of State in May, 2004. Although the Company believes that the reverse stock split was validly approved by the action of its Board of Directors, management believes it is prudent for stockholders to ratify the reverse split. Following the change of control which took place August 22, 2005, current management is unable to verify that such increase in authorized common stock was approved by shareholders. Although up to now the Company has not issued in excess of the 20,000,000 shares of common stock authorized prior to May 2004, management deems it prudent for the Company’s shareholders to ratify the 2004 amendment. The shareholder ratification will not cause any further reclassification of the common shares of the Company nor in itself any further amendment to the Articles of Incorporation other than the increase set forth in Proposal 2 above. REVERSE MERGER CO. [url]http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001010549%252D05%252D000605%252Etxt%26filepath%3D%255C2005%255C08%255C24%255C&symbol=ANDN[/url] LOL DATE of RECORD SEPT 3, 2005 STOCK PRICE $3.50 SHARE"

LanceJ said: "Exactly... they are an empty shell trying to start out all over again after running their previous company into the ground. They have no earnings whatsoever. This is the "Superior Investor" forum and there really is a higher standard here for stocks, which is why I like it here as opposed to other message forums. Take a look at Force Protection Inc. (FRPT.OB) and look at the financials: [URL=http://finance.yahoo.com/q/is?s=FRPT.OB&annual]Financials[/URL] If you are going to recommend an OTCBB stock on this forum and have people respect your pick and get excited about it, you are going to need to recommend a company with financials like FRPT. The board moderators hold OTCBB and Pink Sheets practically in contempt, choosing to error on the side of caution to all investors that OTCBB and Pink Sheets are not good for investors. We are fortunate that they continue to allow a Penny Stock forum to exist. There is no way that ANDN is going to stand up to this higher standard. Now I know you can find a more financially secure company that is a lower risk, better investment than ANDN to recommend on Superior Investor.net, and I want to see it. I don't like this pick and that's my final comment on it. I will not be responding to another post in this thread. You asked for my opinion, and you have it. Take it or leave it. But most of all, I sincerely hope that this stock will make you rich. Goodluck."

thestockdepot said: "Lance This is what makes the stock market so great. The believers and the non believers. Those that believe the story buy,those that don't believe look somewhere else to get a decent return on their money. You don't like the stock and I value your opinion. As for getting rich on this stock, well time will tell. I don't put more then three or four thousand into any pink sheet or OTCBB Co. Every investor does what works for them best. You base your decisions on financials and technicals. Most people do. The stocks we play are start ups and in the penny to three penny range. eg AMRE .012 ran to 26 cents in 1 week BDCI .02 ran to 25 cents in 5 weeks IFOB .02 ran to 16 cents in 8 months GRSU .01 has run up to 7 cents from 1 penny 3 times PTON .10 cents high of around 50 cents CLXN .01 cents has run up to 5 cents a couple of times No not all of our stocks are not winners FEMO bought at .022 trading at .008 This ones financials didn't look to bad for a penny stock HEXS bought at .02 now trading at .003 cents If you can get 1 or 2 good winners out of 5 you can make a lot of money. It's easier for a stock to go from 1 cent to 2 cent and get 100% return, then a 20 dollar stock to go to 40 dollars. ALL IN MY OPINION OF COURSE Keep doing what is successful for yourself. The name of the game is to make money. LOL"