International Building Technologies Group, Inc.(fka INBG)

[Impact625]

Ultimate Due Dilligence of INBG(Final Version)

This final version has 4 parts, if people here ever read my previous DD about INBG, u can simply skip part 1,3 as they are mostly the same, only big change is the part 2 and part 4, which is the prove of existence of FHH-Sino as well as its general business info and public news

Part-1

First of all, i am a chinese and i speak Mandarin, i see people here have hard time to just find a chinese to verify information about the merger news or make a call to the companies in China(because people don't get response for calling companies in USA as they said), so i made several international call last week according to the tel. no. listed on INBG website which is 011-862886029750, a company in ChengDu city, Si Chuan province of China.
http://www.ibtgi.com/contact.asp

As some people already stated before, they made the call, but the woman didn't speak English. I made the call, and indeed there was a woman who talked with me in Mandarin,so here is some questions i asked her about

What is the name of your company in chinese?

An-he-di(which i translate it from what she said in chinese words)

Who is your boss?

Kenneth Yeung

Is the company u work has business related to petroleum delivery or storage?

She said kind of, but not their core business

then i asked her a very important question, is your company planning to merge with another company?

She stopped for few seconds and suddenly asked me who i am and if i represent other companies to do business with them, i said i am just a normal person, just showing interest because i read some news from INBG, then she replied me she can not tell me about it before she informs her upper manager

then i ask her, does the company have other office in other province in China and do they have website?

She said yes, except the office in ChengDu which is stated in official INBG website, they still have office in Shanghai, where is their main operating office

their official website:
http://1963485.01p.com/

related info:
http://www.wemo.com.cn/city/190/company/41163.htm

Note: As people already know the existence of INBG, so i don't talk too much here, just give out more general info of INBG and the content of my conversation with INBG in China

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Part-2

Old parts:

Part-2, is about the address of FHH-Sino

FHH Sino New Energies Co., Ltd.
Rm. 1403, Zhong Xin Bldg.,
2 Qing Dao N. Road, Weihai
Shangdong Province, PRC 264200

this address clearly stated in 8-k form as everyone knows, so i translated it into chinese then searched it, and here is what i found

http://www.eemap.org/id/90570

More photos:
http://www.gaoloumi.com/viewthread.php?tid=7358&extra=page%3D3

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New parts:

Now, it comes to the most important part all people here are aware of, first of all, i have to thank skippyj, without his chat with his friend in China, i think we will never know and have chance to prove the existence of FHH-SINO, greatly appreciated.

then i suggest everyone here uses member renoldman's translation website, it's useful to know the general details of Chinese stuffs i am going to post out, some pages can not be directed translated like the one involves maps, but u can still copy and paste key words to that translation website to know the general meaning just in case u don't have your own translation website, this is what renoldman uses

http://babelfish.yahoo.com/translate_txt

Return to the topic, skippyi posted this link http://www.weihai.gov.cn/xw/default.asp?id=209411

from the link, the company name is the first 3 chinese characters which have no real meaning if u use translator, and those 3 are its main name which represent Fu-Hai-Hua in the form of Pinyin, that matches FHH



if u have Pinyin translator, u should come out the same result i stated above which is Fu-Hai-Hua

same news from other newspaper:
http://www.sd.xinhuanet.com/wq/2009-05/21/content_16590892.htm

so the full name of the company should be Fu-Hai-Hua liquid chemical industry Limited company if we just translate it directly, except the first 3 characters, the rest are meaningful words which can be translated meaningfully

Also noted that from the news, it says Fu-Hai-Hua got approved for its first phase to construct oil storage tanks in WeiHai, 320,000 cubic meter, that's exactly the same number what 8-k form stated which is also 320,000cm for first stage

Now, it comes to the location of FHH:
http://www.mapabc.com/detail/0631/B027700X79.html

another link to prove:
http://map.baidu.com/?newmap=1&s=inf%26uid%3D5bc7bd499f3c50008c55ec84%26c%3D1418%26it%3D1&fr=10

the address is exactly the same as the one being stated in 8-k form if u use translator, same road, same building, same room number, highlighted area in the picture is the address



i also found that someone else asked question about FHH in a chinese forum, it further confirmed FHH at that address when that guy made the post to ask in year 2008/12/11
http://bbs.wh.sdu.edu.cn/ShowPost.asp?ThreadID=1745712



the highlighted sentence means "how's this company? in ZhongXin building, does anyone know?" u can use translator to verify

however, it has another office with different address in weihai:
http://map.baidu.com/?newmap=1&s=inf%26uid%3D3f99a2ee13cc58556d476057%26c%3D1418%26it%3D1&fr=10

Now, this's the official website with its contact information i found and the address they use here is the second office:
http://2343167.01p.com/lianxi

Now it comes to a important part which matches the info stated in 8-k, remember the general manager is Peter Wang xiaoping? here he is if u use translator

8-k form:
http://www.faqs.org/sec-filings/100602/International-Building-Technologies-Group-Inc_8-K/ex10-1.txt

Prove from internet:
http://www.e-weihai.gov.cn/cn/news/index_show.jsp?id=8288



From another source:
http://www.whport.com.cn/text.php?artid=1279

Both sources clearly state the general manager is called "Wang Xiao-Ping for the company Fu-Hai-Hua

Not only this, but also note that in 8-k form, it states FHH has business relationship with Sino-Petro, which is the most largest and famous oil company currently in China as well as its security being traded in ,US, China and HongKong stock exchange market, in chinese, its short form name is


that is, Sino Petroleum Corporation

the picture above is copied from the news:
http://www.e-weihai.gov.cn/cn/news/index_show.jsp?id=8288

that's when FHH held foundation laying ceremony after it got approved for its first phase to construct large-scale oil storage tanks in weihai, Sino-petro sent its company important staff to attend the ceremony, why Sino-petro sent its people to attend? from this news, if u use translator, it states:

The Weihai Phuhai China liquid chemical industry Limited company is founded in 2005, the registered capital 62,000,000 Yuan, is a fair petroleum trade, the warehousing is a body's petrochemical enterprise, is also Weihai only one attains approves the construction the large-scale fuel fuel depot Private enterprise

http://babelfish.yahoo.com/translate_url?doit=done&tt=url&intl=1&fr=bf-res&trurl=http%3A%2F%2Fwww.e-weihai.gov.cn%2Fcn%2Fnews%2Findex_show.jsp%3Fid%3D8288&lp=zh_en&btnTrUrl=Translate

the translator is not good enough to explain things clearly, let me rephrase, the company is the only one which attains approval for the construction of large-scale fuel depot private enterprise, that illustates why Sino-Petro had to send people to attend if they want to develop and store their oil in WeiHai, not only Sino-Petro, there are other companies which sent people to attend based on the article, but in 8-k, of course it's better to just state the biggest 2 oil companies

So, we have proved the name, address, general manager and business relationship with Sino-Petro, is that enough? judge it by yourself:)

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Part-3:

finally, some knowledge about the time for waiting a merger, i found that there are indeed many people who don't do any research about INBG and the details of R/M, and just crying to say when it will have news, i can only say company has no responsibility to release updated info about it as preparation of PR takes time, they would rather focus on due dilligence during negotiation of merger, here is some info about it

The transaction can be accomplished in as little as two weeks, resulting in the private company becoming a public company.

http://www.flexfinancialgroup.com/reversemerger.html

Depending on the length of negotiations, due diligence, and the audited or unaudited status of the financials of the two companies, the transaction is usually completed within two to three months. In some cases, the transaction can be completed in as little as two weeks.

http://luganocapital.com/services.html

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Part-4:

In conclusion, if u need any help for understanding my DD, i can help u to understand by translation, personally, i highly believe it's a real deal from what i have found and perceived, just like i asked the woman if they are planning to merge with another company, she said she can't tell me about it instead of saying she doesn't know, it makes me believe they already know the detail of merger from their boss Kenneth, at least it's what i think, according to the definition of R/M, 2 weeks has passed, it can come as soon as next week, or it may come one month after which only time can tell, if u doubt what i said, just go grab a chinese friend or dude, pay them some bucks to verify what i posted and translated here, search info online and call the companies in china, ask similar questions, i believe u will get the same answers, i just state the facts about what i found

Both companies' tel.no are stated on the links i provided, call them if u want, but i doubt they will tell u any info about the merger, because if they tell you, what's the difference of insider trading? they will only tell you unless they want to go to jail or be fined for big money

i don't care if the pps drops to 0.0001 which is unlikely as i now state all the information about both companies clearly, i will just say 0.001 next week, i will just cross my finger and wait for the news hit the wire, and keep in mind, again, companies have no responsibility to release updated info about the merger, if people have ever read many different LOI about merger before, some cases company will state clearly they have no responsibility to release updated info, and some cases even don't have the name of merger candidate stated, like this one
http://ih.advfn.com/p.php?pid=nmona&article=43251890&symbol=LLSR

Hence, we are in much better situation as we know the name of merger candidate now, also bunch of info about them with the 8-k legal document filed to SEC

finally, since some bashers had record to say i created website, nice, i must be an IT expert to create so many website, check it yourself, enter the address here and check the creation date of the site

http://whois.domaintools.com/

for the valuation of PPS, from other people's previous DD, they said 0.02, now i doubt it, as the news on the internet states"the company is the only one which attains approval for the construction of large-scale fuel depot private enterprise"

it's same as a monopoly business in WeiHai, with 54m asset being stated in 8-k, with O/S shares of "2,733,177,093", yes, it gives out 0.02, but if we use a conservative multiplier of 10 for the P/E should give us $0.2, but i think we are satisfied to have $0.02 anyway, lol

Note: i kind of rushed to finish this DD, so there may be some misspelling errors and further more, English is not my mother language, finally, sorry, the DD is long, but i just want to give all the info i have to u guys