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China Agri-Business, Inc. (CHBU)

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Last Post: 1/24/2021 2:07:00 AM - Followers: 21 - 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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#221   I am still in two minds about this rakp 01/24/21 02:07:00 AM
#220   Interesting, there were 16 trades yesterday but nobody rakp 01/07/21 01:15:54 AM
#219   Anybody has some information about this stock? rakp 01/03/21 01:48:44 PM
#218   We're bidding .0026. LMLYP 11/01/19 12:20:00 PM
#217   $CHBU .004 x .0043 13M O/S PENNYBUSTER 04/03/19 06:36:46 PM
#216   $CHBU: Looks like you were right... its running here makinezmoney 02/27/19 10:16:47 AM
#215   CHBU is severely delinquent in filing the company's Renee 09/18/17 06:14:31 PM
#214   Did anyone file 'missing person' reports littlejohn 03/30/17 01:27:16 AM
#213   Anyways I think this will eventually run. $hellKing 02/24/17 06:44:58 PM
#212   I think someone was just testing to see $hellKing 02/24/17 06:44:11 PM
#211   I believe trades under 100 wont show on $hellKing 02/24/17 06:40:59 PM
#210   Funny last does not show as .0095 either Mr. Bill 02/23/17 08:41:48 PM
#209   Obscene .0095 * 30 = .285 stock and Mr. Bill 02/23/17 08:41:08 PM
#208   its supposed to be a company. But $hellKing 02/05/17 04:38:54 PM
#207   Is this a shell? stocksstockstocks 02/05/17 12:59:04 PM
#206   Looks like volume pick up maybe we got vhgier 08/23/13 12:22:12 PM
#205   Will this ever come back from the dead? SiliconVKid 04/02/13 11:16:15 AM
#204   27k buy @ .05 TOUCAN 01/10/13 02:48:07 PM
#203   26 BMs TOUCAN 01/08/13 06:28:53 PM
#202   CHBU Charts! TOUCAN 01/08/13 06:27:18 PM
#201   CHBU 13,118,574 O/S a/o Nov 14, 2011 TOUCAN 01/08/13 06:21:19 PM
#200   http://www.otcmarkets.com/stock/CHBU/filings TOUCAN 01/08/13 06:20:38 PM
#199   on watch TOUCAN 01/08/13 06:20:16 PM
#198   CHBU Sept 2011 $21,171,693 assets & $762,368 Liabilities TOUCAN 01/08/13 06:20:02 PM
#197   I got out!!! Woo hoo!! SiliconVKid 07/18/12 11:24:21 AM
#196   So tomorrow is their deadline to get the SiliconVKid 05/14/12 01:47:10 PM
#195   So is it OVER? Any chance they bounce SiliconVKid 04/20/12 12:52:49 PM
#194   All Security Symbols appended with an "E" will tbirdman 04/17/12 10:25:27 PM
#193   CHBU new ticker CHBUE now delinquent http://www.otcbb.com/asp/dailylist_detail.a bUrRpPPP! 04/17/12 03:21:51 PM
#192   Last quarter their earnings came out on Nov SiliconVKid 04/17/12 10:30:27 AM
#191   CHBU = KABOOMAGE coming to CHBU LAND!!!...... Load logical cash 04/15/12 11:11:33 PM
#190   Thanks! SiliconVKid 04/15/12 08:48:10 PM
#189   LIKING what I'm see here guys.... CHBU looks logical cash 04/14/12 04:39:25 PM
#188   ** $CHBU ** ANNOTATED DAILY CHART: Cool_Trades 04/14/12 03:56:49 PM
#187   Still waiting for the Seeking Alpha article. They GreyGoose_69 04/04/12 10:31:30 PM
#186   I have read this 10Q and it looks GreyGoose_69 04/01/12 10:26:01 PM
#185   I am actually considering buying some shares of GreyGoose_69 04/01/12 10:24:18 PM
#184   Should be by the 15th...same as last year tbirdman 04/01/12 07:40:42 PM
#183   Friday's buyers expected it ;) tbirdman 04/01/12 07:35:04 PM
#182   If I am reading this correctly, they have GreyGoose_69 04/01/12 05:43:22 PM
#181   - Notification that Annual Report will be submitted GreyGoose_69 04/01/12 05:30:10 PM
#180   Agreed Joe huge potential for CHBU $$$$ Latest Golden Bear1 03/30/12 03:11:46 PM
#179   Just look at the last 10Q and you'll joenatural 03/30/12 03:00:01 PM
#178   CHBU: Big events, looking to add more before Golden Bear1 03/30/12 07:53:46 AM
#177   10K should be amazing...here's what Lebed said last year... bUrRpPPP! 03/29/12 08:42:08 AM
#176   Website found! SiliconVKid 03/27/12 01:25:27 AM
#175   wow.... a lot of downward volume? Is there SiliconVKid 03/22/12 03:55:58 PM
#174   Got filled some .255 today...nibble nibble...next run coming soon... bUrRpPPP! 03/21/12 05:31:39 PM
#173   Earnings and quarterly report should be out any SiliconVKid 03/15/12 01:11:54 PM
#172   Added a little more .306 easy money imo.... bUrRpPPP! 03/10/12 11:51:08 AM
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