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Last Post: 12/14/2021 5:06:56 AM - Followers: 15 - Board type: Free - Posts Today: 0


For Immediate Release - TRB Systems International and Afine Chemicals Limited Enter Into Definitive Merger Agreement 

New Jersey, April 8, 2013 (PR Newswire) -- TRB Systems International  through its subsidiary, Alenax (Tianjing) Bicycle Corp., engages in the production and sale of bicycles, and fitness and motorized two wheel transportation products primarily in China. It manufactures a line of bicycles, including exercise bicycles, electric bicycles, and wheelchairs under Alenax brand name. The company offers various models of bicycles comprising Mountain Bikes (MTB); leisure bikes, BMX (children); ATB (all-terrain); and cross trading bikes. TRB Systems is traded on the OTC Securities Exchange under TRBX. TRB Systems announced today that they have entered into a definitive merger agreement pursuant to which Afine Chemicals Limited will merge with and into TRB Systems International. Completion of this transaction will provide Afine Chemicals Limited additional exposure to the markets for continued growth and development. Afine Chemicals Limited will become a wholly-owned subsidiary of TRB Systems International.
Under the terms of the agreement which has been approved by both companies Board of Directors, TRB Systems International will issue 20,000,000 shares of its common stock in exchange for all of the assets of Afine Chemicals Limited. Mr. Phil Wei, current CEO of Afine Chemicals Limited, will assume the responsibilities of CEO for TRB Systems International under the merger agreement.
Afine's President and Chief Executive Officer said, "We are very excited about combining Afine Chemicals Limited with TRB Systems International and believe that it presents a unique opportunity for shareholders of both companies. Contacts and existing facilities within the TRB Systems International infrastructure will provide immediate global expansion opportunities for Afine Chemicals Limited.
The closing of the merger is still subject to customary closing conditions, including approval of the transaction by Afine Chemicals Limited shareholders. Subject to satisfaction or waiver of these conditions, Afine Chemicals Limited anticipates that the merger will close during the second quarter of 2013.
About TRB Systems International
TRB Systems International, Inc., through its subsidiary, Alenax (Tianjing) Bicycle Corp., engages in the production and sale of bicycles, and fitness and motorized two wheel transportation products primarily in China. It manufactures a line of bicycles, including exercise bicycles, electric bicycles, and wheelchairs under Alenax brand name. The company offers various models of bicycles comprising Mountain Bikes (MTB); leisure bikes, BMX (children); ATB (all-terrain); and cross trading bikes. TRB Systems International intends to offers its products to stepper users, health and fitness facilities, and senior citizens, as well as rehabilitation and therapeutic markets through regional distributors in Japan, India, Nigeria, Benin, Canada, Ivory Coast, Tanzania, Brazil, Vietnam, Korea, Taiwan, and the United States. The company was founded in 1997 and is based in Piscataway, New Jersey.  
About Afine Chemicals Limited
AFINE CHEMICALS LIMITED is specialized in the fine chemicals and pharmaceuticals which have enjoyed great popularity in world markets. Since 2005, we have been rapidly growing to a leading manufacturer and trader of APIs in China. Today, we have set up two independent business divisions: Fine chemicals division and Pharmaceutical division.
Fine chemical department: manufacturing and trading a variety of high-quality of optical brightener and textile auxiliary as well as Dye stuff, Pigments and other fine chemicals. Now we are one of the leading exporters of Optical Brightener in China. 
Pharmaceutical division: manufacturing, contract R&D, marketing and distribution of pharmaceutical active ingredients, intermediates and feed additives. 
In March 2009, Hangzhou government awarded "Top 100 innovation-oriented export enterprises of Hangzhou in 2008" among more than 13,000 export enterprise of Hangzhou.
Innovation and good service are the secrets of our success and rapid growth. Continuous innovation improves the quality of our products, and helps us launch new market-oriented products into the market. Warm and efficient service guarantees the timely, professional and sincere service to our clients.
"Innovation & Service, Always Fine", is our permanent promise to our clients. 
For more information on Afine Chemicals Limited please visit  http://www.afinechem. com/.



TRBX Update
AS = 60M
OS = 33.5M
Float = Approx 9M


TRB Systems International Inc., incorporated on April 9, 1997, through its wholly owned subsidiary Alenax Parts Mfr. (Tianjin) Corp. (Alenax), is engaged in the development, marketing and manufacturing a range of Alenax- bicycles, including Alenax-Exercise Bicycle, Alenax -Electric Bicycle and Alenax-Wheelchair (collectively Alenax-Bicycles). The technology applied at its Alenax products is called natural motion technology (NMT). Its products include NMT's bicycles, fitness/home trainers and electric bicycles. The Company operates in two segments: licensing and wholesale of finished bikes and parts segment.

Alenax Bicycles

The Company's major products are Alenax bicycles, which provide up and down pumping, or stepping action, similar to a body's natural walking and running motion. An Alenax with NMT bicycle has two main components: Controller and Rear Hub. The controller controls the six different pedaling motions of the multi-function bike, while the rear hub is a dual ratcheting sprocket engaged by a drive chain. It offers five models of NMT bicycles: Mountain Bike (MTB), Leisure Bike, BMX (Children), ATB (all-terrain) and Cross Trading -Bike.

NMT-Fitness/Home Trainers

The Company's fitness/home trainers are a natural development of its experience with physical therapists using its outdoor bike concept of the natural gait motion for their patients. Its Versi-Trainer meets the training and rehabilitative device requirements, and allows individuals to exercise their abdominals, hips (lateral rotators), quadriceps, hamstrings and gluteus muscles. All actions are performed in the correct biomechanical positions.

NMT-Electric Bicycles

POWER+BIKE is an outdoor bike that uses the same up-down motion of all the NMT bicycles, but with the ability to, with the twist of the handle, become an electric bike with speed capability of 23 miles per hour. NMT's POWER+BIKE is 23 pounds and can be pedalled in a business skirt or suit.



Mr. Byung D. Yim is Chairman of the Board, President, Chief Executive Officer, Chief Financial Officer, Secretary of TRB Systems International Inc., since 1997. From January 2006 to present Mr. Yim also serves as President and CEO of Alenax Parts Mfr (Tianjin) Corp., the company's operating subsidiary. Mr. Yim graduated from of Han Yang University of Korea with a B.A. degree in Nuclear Engineering and Electronics.

Mr. Marn T. Seol is Vice Chairman of the Board - Research and Development of TRB Systems International Inc., since July 1993. Mr. Seol is the inventor of both propulsion for lever propelled bicycles and multi-purpose transmission mechanisms for bicycles. Mr. Seol began pursuing his interest in designing bicycles in 1976 by opening Dong Yang Industrial Co., Ltd. in Korea.

Mr. August Rheem is Vice President, Director of TRB Systems International Inc. He has been the company's Vice President since January 1996 and elected to new board of director in May, 2006. Mr. Rheem graduated with a BA degree in Economics from Yen Se University in Seoul, Korea. Prior to his joining the Company, he had served as President of Leisure Dynamic Corp. for eight years, and President of H.J. Sports, Inc. for twelve years.

Mr. Joon Ki Moon is Secretary, Director of TRB Systems International Inc. He has been the company's Secretary since December 15, 2006. Prior to his joining the Company from March 2002 to December 2003, he was Team Chief of General Management Department at TRB Global Corp., a bicycle manufacturer in Seoul, Korea. From January 2004 through September 2006, Mr. Moon held various part-time or internship positions at Alenax Parts Mfr (Tianjin) Corp., the subsidiary of the Company, most recently as Assistant to President of Alenax (Tianjin) Bicycle Corp. Mr. Moon holds a Bachelor degree in Economics from Kang Won University in Kang Won-Do, Korea and a Bachelor degree in Chinese from Nankai University in Tianjin, China.


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#763   Wow! This was an incredibly wonderful post. Many GPomiunu 12/14/21 05:06:56 AM
#762   I need to thank you for this awesome Giftalworld_News 12/01/21 07:59:35 AM
#761   https://research.tdameritrade.com/grid/public/research/stocks/fundamentals?symbo WHITTENHALLJR 02/07/21 08:11:59 PM
#760   i love under the radar Company’s $TRBX WHITTENHALLJR 02/07/21 07:51:44 PM
#759   i like this >>> About TRB Systems International Inc. WHITTENHALLJR 02/07/21 07:46:47 PM
#758   Interesting >>> https://www.reuters.com/companies/TRBX.PK WHITTENHALLJR 02/07/21 07:44:34 PM
#757   https://www.exporthub.com/alenax-tianjin-bicycle-corp/ WHITTENHALLJR 02/07/21 07:39:27 PM
#756   wow >> could be ready to bust out WHITTENHALLJR 02/07/21 06:49:59 PM
#755   And this one from 2010... Dspetry 02/07/21 05:43:20 PM
#754   Searched back in my emails, and saw this Dspetry 02/07/21 05:35:52 PM
#753   I don’t know it just started running I WHITTENHALLJR 02/07/21 05:27:23 PM
#752   I have this one in my POS pile Dspetry 02/07/21 05:26:19 PM
#751   Lots of renewed interest in $TRBX WHITTENHALLJR 02/05/21 05:08:29 PM
#750   48k then blue sky’s $TRBX WHITTENHALLJR 02/04/21 11:58:59 AM
#749   boom >> who let the dogs out!! $TRBX WHITTENHALLJR 02/04/21 11:41:01 AM
#748   Lol did someone just sell at 75% lose Awl416 07/24/18 10:31:50 AM
#747   $TRBD rumors of motor company is closing on Tekidesign 06/17/17 11:16:41 PM
#746   $TRBD - Maybe this is the reason for Tekidesign 06/17/17 07:37:23 PM
#745   What's up pediman longntime!! bikeguy 11/28/16 10:16:04 PM
#744   TRBX is severely delinquent in filing their Financials Renee 02/22/15 02:04:55 PM
#743   Early warning bells. Something is going to happen Badali 07/17/13 03:41:15 PM
#742   Agree. Bid will move up. We will see Badali 04/12/13 12:04:29 PM
#741   Bid needs to move up to run TRBX. Badali 04/11/13 09:11:47 AM
#740   I know. It needs to tighten up for TheBlackWidow 04/09/13 11:33:17 PM
#739   Bid and ask has huge gap. Badali 04/09/13 02:36:42 PM
#738   TRBX ASK IS AT .25!!' Janette29 04/09/13 08:05:41 AM
#737   GGGIIDDYYUUPP!!! TRBX!! ListenToMe 04/08/13 09:06:21 AM
#736   TRBX MERGER NEWS. HUGE NEWS FOR TRB SYSTEMS. Janette29 04/08/13 09:03:11 AM
#735   Looks like we are finally waking up. ... ListenToMe 04/08/13 06:18:39 AM
#734   Merger play here. Looking for a nice run Janette29 04/07/13 10:43:21 PM
#733   Hey!!... What's all the commotion here in trbx ListenToMe 04/07/13 08:48:15 PM
#732   TRBX NEW MERGER COMPANY Janette29 04/07/13 08:31:38 PM
#731   PR will be out soon TRB Systems International Badali 04/07/13 08:21:49 PM
#730   Great. Go TRBX Badali 04/07/13 08:20:03 PM
#729   TRBX WILL BE A MAJOR PRESENCE IN THE Janette29 04/07/13 08:16:54 PM
#728   TRBX CURRENT SHARE STRUCTURE Badali 04/07/13 08:13:03 PM
#727   AFINE CONTACT INFO Janette29 04/07/13 08:13:00 PM
#726   Fine Chemicals Division is the most important business Janette29 04/07/13 08:09:16 PM
#725   AFINE HAS OVER 400 PRODUCTS. Janette29 04/07/13 08:03:28 PM
#724   It is also good to know the AS Janette29 04/07/13 07:51:43 PM
#723   Not sure if they are going to change Badali 04/07/13 07:36:46 PM
#722   Even without the merger this has a great TheBlackWidow 04/07/13 06:12:15 PM
#721   TRBX has 20 followers now. TRBX will increase Badali 04/07/13 05:51:40 PM
#720   Here is another Share Structure Calculation Badali 04/07/13 05:48:38 PM
#719   Nice. TRBX share structure confirmed Friday by one Badali 04/07/13 05:42:54 PM
#718   My finger is on the trigger! TRBX TheBlackWidow 04/07/13 05:40:30 PM
#717   Not Monday yet. Go TRBX Badali 04/07/13 05:39:11 PM
#716   I know. Shhhh. Lol. I don't want it TheBlackWidow 04/07/13 05:38:00 PM
#715   Only 9M float is available to trade. Badali 04/07/13 05:37:03 PM
#714   Wait I don't have my shares yet! Shhhh. TheBlackWidow 04/07/13 05:35:08 PM
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