Searched back in my emails, and saw this from back in the day...
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/.
http://www.afinechem.com/contact_en.html
AFINE CHEMICALS LIMITED
Add: 7-601 ,Xigang Xinjie, Xihu Industrial Park, Sandun Town,Hangzhou 310030, China
Pharmchem Devision:
Mr. Wei Fei ( Managing Director)
Tel: 0086-571-85232161-801
Fax: 0086-571-85134895
Email: info@afinechem.com
Finechem Devision:
Mrs. Lanny Cao ( Director)
Tel: 0086-571-85232125-818
Fax: 0086-571-85134895
Email: sales@afinechem.com
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