Released on: June 18, 2008, 5:35 am

Press Release Author: Biz-Nice

Industry: Financial

Press Release Summary: European Financial firm Kimura Financial analysts comment on
US first quarter earnings.

Press Release Body: Sources close to Kimura Financial say that Kimura Financial
analysts are citing recent first quarter earnings results as solid evidence that
short-term growth projections are dependent on far more than the state of the
regional economies, in stark contrast to many analysts who predicted doom and gloom
across the board, with US stocks expected to be hardest hit as the epicenter of the
current global credit crunch.

\"Kimura Financial\", a prominent European-based Venture Capital firm who have been
steadily gaining market traction in recent years through their successful execution
of what many have described as fiercely contrarian business development strategies,
are said to be quietly content with the Q1 figures, which show regional markets
performances to contrast the current state of the domestic economies. For instance,
5,494 US companies saw an average drop of only 13.4% in net earnings compared to the
period of the previous year. However in Europe, where fallout from the lending
crisis has been much less severe, net earnings have fallen 23.4 per cent among 2,138
companies. Analysts at Kimura Financial also apparently stated that a higher
percentage of companies in the Eurozone produced negative earnings results than
their US counterparts.

An unnamed Kimura Financial source went on to suggest that the results, although not
unexpected by the firm, are far from self-explanatory; \"Many factors are at play
here which will most likely have produced this cumulative outcome. A weak dollar
supporting US manufacturers and the fact that the hard-hit banking sector represents
a much larger piece of the market in Europe than the US both go some way to
explaining the data\".
When presented with the theory that the Eurozone economy tends to mimic that of the
US the previous year, the Kimura Financial source denied that this alone could
explain the recent data, stating that several key indicators in the US suggested
that the country is some way from emerging from the current crisis.


Web Site: http://www.kimurafinancial.com

Contact Details: 6241 Miramar Way
Miami,
FLorida
33166 0000
+13058195772