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China Agri-Business, Inc. (CHBU)

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Last Post: 6/3/2021 2:07:26 PM - Followers: 22 - Board type: Free - Posts Today: 0

NEW YORK, March 1 /PRNewswire-Asia-FirstCall/ -- China Agri-Business, Inc. (OTC Bulletin Board:CHBU.ob - News) a manufacturer and distributor of organic agricultural application products in China, celebrated the anniversary of its "New Agriculture-Generator" initiative, in Xi'an, China. As of December 31, 2009, the Company had established 103 branded super chain stores, a majority of those stores are located at Shannxi Province (where the company is based) and Hunan Province. In addition, the Company established 49 direct sales stores, which are controlled and managed directly by the Company. The direct sales stores are located in the Shannxi Province. For the year ended December 31, 2009, about one third of the Company's revenues were generated from those super chain stores and direct sales stores.

Liping Deng, President and Chief Executive Officer of China Agri-Business, commented on the Company's outlook for the year 2010, stating, "As an effort to expand our business and offset the influence of weather conditions, we launched a 'New Agriculture - Generator' initiative in the fourth quarter of 2008, which includes the super chain sales partner program and direct sales stores program. The purpose of this campaign is to establish our own sales network by creating a closer relationship with farmers through our super chain and direct sales stores in the rural areas of China in addition to the traditional sales network. We anticipate continuing to focus our efforts on establishing direct sales stores in 2010. From the beginning of the year to today, we have opened about 150 new direct sales stores in Shannxi Province and Hunan Province. Total direct sales stores are over 200 now. We expect that the super chain stores and direct sales stores will generate growth for the Company in 2010."

In addition to the Company's continued market expanding efforts, the Company acquired a new product license to produce potassium and magnesium fertilizer on February 14, 2010. The license cost is approximately $117,000. The estimated cost relating to associated production equipment is approximately $293,000. The Company believes that acquiring licenses to existing products will enable the Company to increase revenues more quickly than by solely relying on developing its own new products. The Company will continue to look for such licensing opportunities in the future.

About China Agri-Business, Inc.

China Agri-Business, Inc., through its operating company in China, Shaanxi Xin Sheng Centennial Agriculture and Technology Co., Ltd. manufactures and sells non-toxic fertilizer, bactericide and fungicide products used for farming in China. Crops grown with Xinsheng's products are eligible to qualify for the "AA Green Food" rating administered by the China Green Food Development Center, an agency under the jurisdiction of the Ministry of Agriculture of the People's Republic of China (However, our products themselves do not bear the "AA green food" designation). The green food rating system consists of an "A" rating and a more stringent "AA" rating. The "AA" rating indicates that the crops contain minimal chemical residue from fertilizers.

The Company's two primary product groups are organic fertilizer (Xinsheng Luyuan brand) and bactericides (Xinsheng Lufeng brand). The Company has a total of five brands and produces more than 50 different applications, including products designed to stimulate plant growth, condition soil, and prevent and cure plant diseases and parasites. The Company has products for a variety of crops, including potatoes, vegetables, cotton and fruit plants, and orchard trees. The products can be used either alone or to supplement other products. The Company's Xinsheng's manufacturing facilities are located in Xi'an, Shaanxi Province, China.

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#284   I said it before and I will say splintered sunlight 06/03/21 02:07:26 PM
#283   Wrong. fink 05/27/21 02:23:03 PM
#282   I have patience but I am no longer positive. splintered sunlight 05/27/21 01:36:21 PM
#281   Remain positive. That's the challenge with these micro dave79 05/27/21 01:34:20 PM
#280   This is not thin at all. splintered sunlight 05/27/21 01:33:42 PM
#279   I'm afraid I am now officially a bag splintered sunlight 05/27/21 01:32:22 PM
#278   I'm not selling but I have just about splintered sunlight 05/21/21 10:35:57 AM
#277   I hear ya. fink 05/19/21 04:04:07 PM
#276   I was speaking more from a legal standpoint..... splintered sunlight 05/19/21 03:14:11 PM
#275   I’ve seen the groups, I’ve been invited in fink 05/19/21 03:11:16 PM
#274   The same exact thing happens to me. splintered sunlight 05/19/21 03:06:53 PM
#273   On the 27th, I tried to run it fink 05/19/21 03:01:18 PM
#272   And I agree with you. splintered sunlight 05/19/21 02:18:04 PM
#271   Agree with you and I recognized the stock's rakp 05/19/21 01:28:18 PM
#270   I really need one like that - hope splintered sunlight 05/19/21 01:21:23 PM
#269   This micro float trades so thin (on both dave79 05/19/21 01:09:09 PM
#268   100K for sale at a nickel - same person? splintered sunlight 05/19/21 01:06:36 PM
#267   600k share bid @ .0115. That's $6900 someone dave79 05/19/21 12:38:57 PM
#266   Up 140% green fink 05/15/21 02:36:35 PM
#265   Just lowered my Bag to .0085 to average fink 05/11/21 01:18:23 PM
#264   Taxes are good because it means you are splintered sunlight 05/05/21 11:40:08 AM
#263   If taxes are good, why don’t people pay fink 05/05/21 11:24:35 AM
#262   Taxes are good LOL. splintered sunlight 05/05/21 11:08:35 AM
#261   Amen to that. fink 05/05/21 11:05:36 AM
#260   I hope your sell orders work better than splintered sunlight 05/05/21 08:57:46 AM
#259   I’ve had a project on the Gulf since fink 05/04/21 10:26:35 PM
#258   LMAO & SMH splintered sunlight 05/04/21 11:01:05 AM
#257   Just slapped the .0175 ask and it did splintered sunlight 05/04/21 09:50:28 AM
#256   Just slapped a 15k @.05 and did not fink 04/30/21 10:41:00 AM
#255   I was just tempted to hit that .04 fink 04/29/21 12:22:06 PM
#254   I hope it's slaughtered. splintered sunlight 04/29/21 11:33:14 AM
#253   So long as they are not getting a fink 04/29/21 11:16:31 AM
#252   Everybody loves it, but nobody is willing to splintered sunlight 04/29/21 11:09:56 AM
#251   That 83k .04 order with OTCX reeks of fink 04/29/21 10:56:49 AM
#250   No idea splintered sunlight 04/28/21 09:18:20 AM
#249   We still do not know who's behind it, right? rakp 04/28/21 09:12:00 AM
#248   Now that sounds like a plan!!!! splintered sunlight 04/28/21 09:10:05 AM
#247   Lets bust thru .05 today (which would be dave79 04/28/21 08:22:23 AM
#246   30K could go along way...... splintered sunlight 04/27/21 03:56:36 PM
#245   85k Buys / 42k Sells / 10k? fink 04/27/21 03:55:10 PM
#244   LOL I would love to see it happen as splintered sunlight 04/27/21 03:45:24 PM
#243   I’ll load up the BID @.02 and add fink 04/27/21 03:24:45 PM
#242   Apparently so and now it's .04............ splintered sunlight 04/27/21 03:07:39 PM
#241   Till then, MMs said .05 is as far fink 04/27/21 02:55:54 PM
#240   Gotcha - thanks splintered sunlight 04/27/21 01:56:28 PM
#239   It’s no custodial company at this point, everyone dave79 04/27/21 01:56:11 PM
#238   Excuse my ignorance but is this a Synergy splintered sunlight 04/27/21 01:55:01 PM
#237   A debt free shell trading @ .05, with dave79 04/27/21 01:16:49 PM
#236   Yes, Synergy update should be out any day dave79 04/27/21 01:14:28 PM
#235   Synergy is due for an update. It’s a fink 04/27/21 01:13:01 PM
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