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Form 15c211 once this is filed this week the total process to be listed on the OTCBB is 3-6 months for it to be approved. Anyone of the 3 posters on this board know if this would be the time from submission or "total time" TIA
spread dropped from 7 cents yesterday to 1 cent right now, think what some actual earnings would do to this stock.
with the time past from the decline imo and low float this will breakout, the past increase is nothing yet. IMO NO retail yet !!! NITE making money off the spread.
holdceoaccountable -
I agree with your comments completely. I think the China situation is a long term strategy - years away and not months. The Company is spending most of management's time attempting to negotiate a distribution agreement for the Florida and southeastern markets (USBO would produce the fertilizer and ship through the trucking subsidiary to a partner who would distribute to the farmer end users). The second item is the eternally elusive contract with a national "name brand" distributor to the home lawn and garden consumer market. I imaging the few national distributors want terms very unfavorable to USBO, so trying to structure a deal seems difficult but could be done through creative thinking.
More news is to follow. The Company mentioned a possible financing transaction. That would be great news long term (but check at what price stock was issued when announced).
Best of luck.
Agree on not chasing prices now. I'm in at a slightly higher price than you , almost break even now. My company exports a product to the Peoples Republic of China. You can't believe , or maybe you can, the regulatory hoops that must be jumped through to export there- I believe USBO products will be classified as chemicals , and that will in and of itself increase the regulatory process. I don't know if they can swing it, assumming they get the opportunity. I would much rather have seen a press release saying something like -- our products are now available for sale at Joes Feed and Fertizer Mart. You know , some place where farmer Jones can come in buy it, pay for it, back his pickup top the loading dock and haul it home. Not very glamorous, but I think they are going to have to go this route, much more likely than the Peoples Republic.
holdceoaccountable -
Please see post #4 on this bulletin board for my most recent information on the Company. I really like this Company from a L-T perspective and trust management greatly. I thought this was a good buy at $0.08-0.10 earlier this summer when I initially posted. Technical resistance is strong at $0.20/shr, however, so I would be a better seller at that level looking for a correction on tax loss selling in 4Q2006. I would NOT chase the price up at current levels.
Best of luck.
Please take the following in the context it is meant, which is positive, I really would like this company to succeed, I like the concept. I actually even have a small position. Do they have ANY positiive income coming in. Lots of $$$$ going out, but is anything coming in?? Are there in financials anywhere to be viewed? The press releases are starting to sound like the song from ANNIE --- Tomorrow Tomorrow Tomorrow.
US BioTec Announces Acquisition "Letter of Intent"
US BioTec, Inc. (PINKSHEETS: USBO), an emerging player in the rapidly growing bio-chemical sector of the annual multi-billion dollar industries related to agriculture, lawn and garden, and golf course products, today announced it has signed a "Letter of Intent" to acquire "EARTHTECH, Inc.," a private biotechnology development company based in Las Vegas, Nevada.
"EARTHTECH, Inc. was the first of our two joint venture partners. The joint efforts of USBO and EARTHTECH over three years have produced world class biotechnology compounds. One outgrowth of this relationship is a readily marketable, anti-viral control product for 'tomato spotted wilt virus.' This cutting edge product has no competition in tobacco, peanut, bell pepper and tomato crops, which represent an annual product market estimated to be worth $20 - $35 million. These crops have sustained moderate to heavy yield losses for 5 consecutive years. Growers have been hurt financially to the point that they are desperate for any type of control product, evidenced by the fact that we have already secured a good marketing group by offering this one single product," says Jimmy Joyner, CEO of US BioTec.
Joyner adds, "The negotiations have established that EARTHTECH, Inc. will be a wholly owned subsidiary of US BioTec. The acquisition is already close to being completed in principle. EARTHTECH's scientists possess unique expertise in developing world class biotechnology compounds, and this factor helped solidify our decision not only to acquire the company, but also to make them the permanent research and development arm of US BioTec's products."
EARTHTECH, Inc. also has several additional biotechnology-based compounds in various stages of development for USBO. Most of these products will be marketed in the agriculture, golf course, lawn and garden markets. However, one product line is being developed for residential anti-microbial applications, such as the control of toxic mold.
All existing biochemical products developed exclusively by either USBO or EARTHTECH as well as those developed jointly are non-toxic, non-carcinogenic and readily biodegradable. All categories -- fungicides, insecticides, anti-virals, fruiting agents, vegetative agents, and soil amendments manufactured by US BioTec and its subsidiaries -- are ecologically friendly, and are designed to replace certain toxic pesticides. The agrichemical market, which is measured in the tens of billions of dollars annually, is controlled primarily by a handful of large multi-national corporations such as DuPont, Syngenta, Bayer, BASF, Dow Chemical and Monsanto.
About US BioTec
US BioTec was established to profitably develop, manufacture, market and distribute bio-degradable, non-toxic and non-carcinogenic products to agriculture, the commercial turf industry, forestry, golf courses, professional landscapers, nurseries and mass market retail lawn and garden markets. USBO is striving to be the U.S. market leader in the expanding bio-chemical sector of the annual multi-billion dollar agricultural chemical marketplace. It has already begun taking the necessary steps to negotiate distribution and joint venture contracts to facilitate its nationwide expansion over the next few years. The Company's products are designed to rehabilitate soils, repel insects and increase crop (plant) yields through environmentally friendly alternatives to toxic man-made pesticides and caustic synthetic fertilizers and herbicides. To learn more about US BioTec and its products, please visit www.usbioteccorp.com
Source: Market Wire (September 13, 2006 - 9:33 AM EST)
USBO - Next Technical Resistance Level $0.20/shr.
i have watched and bought this stock for awhile now, what I can say is there is definitely more interest from at least NITE. From the bottom of this triangle up whenever I up my bid NITE almost always moves theirs up. They were up to a .135 bid at one point the other day and back down when interest falls. Think another advance is coming once we sit at .11-.12 the top of prior resistance. Added the last 4500 to my position today at .115
USBO - Announces Results From Chinese Trade Mission
US BioTec, Inc. (PINKSHEETS: USBO), an emerging player in the rapidly growing bio-chemical sector of the annual multi-billion dollar industries related to agriculture, lawn & garden, and golf course products, today announced the results from its recent trade mission to China. For approximately two weeks during July, US BioTec's envoy, William Hoff, toured China on behalf of the Company to research one of the world's largest economy's agricultural product needs and to seek out domestic Chinese distribution partners.
During the trip, Mr. Hoff met with five agricultural product distribution companies in China. Each company expressed interest in marketing US BioTec's (USBO) biotechnology products for crop production. USBO has received official letters of interest indicating the highest level of interest from two of the Chinese companies, relaying their desire to partner with USBO in joint-distribution relationships. In the meantime, the Company's staff and advisors are investigating procedures and logistics for exporting biotechnology products to China.
"We are obviously excited about the sincere level of interest these two companies, one in Shanghai and the other in Zhenghou Province, have shown thus far. William (Hoff) has already developed personal relationships with some of the key people within these companies. These companies appear to be very knowledgeable about current production problems plaguing their country's farmers. They understand that natural, biochemical products are the answer to attacking pest infestations in China, while offering the best solution for preventing further environmental damage from the use of toxic chemicals and pesticides," declares Jimmy Joyner, CEO of US BioTec, Inc.
China holds huge market potential for US BioTec's products. The country currently has several hundred million acres of land in crop production, far exceeding that of the U.S. and as such represents a multi-billion dollar agri-products market. China is a very attractive market for US BioTec products, not just because of its huge acreage, but the acceptance level of biotech products is amazing since China possesses the ultimate ecologically oriented society in the world. Government cooperation in facilitating the import of non-toxic products into China is at an all time high, as the government becomes increasingly aware of the worldwide problems associated with agricultural pesticide use.
"The rewards and potential for penetrating the Chinese agricultural market is gigantic. We believe that once introduced and widely available, USBO's non-toxic, non-carcinogenic agricultural products could become the industry standard for biotech products. At the same time, we expect to gain exposure for products from our other divisions, such as lawn & garden.
The two companies USBO is currently in talks with represent over 2,000 agricultural companies throughout China. They also have exposure to over 26,000 additional agricultural companies and affiliates throughout the country through their websites. These companies already market products from major multi-national agri-chemical companies, but it appears that US BioTec is only the second biotech company to enter talks with them about widespread distribution of agricultural biochemical products.
All of US BioTec's products are non-toxic, non-carcinogenic and biodegradable alternatives to the toxic and sometimes carcinogenic agrichemicals that have been widely used by farmers for decades. The agrichemical market, which is measured in the tens of billions of dollars annually, is controlled primarily by a handful of large multi-national corporations such as DuPont, Syngenta, Bayer, BASF, Dow Chemical and Monsanto.
About US BioTec
US BioTec was established to profitably develop, manufacture, market and distribute bio-degradable, non-toxic and non-carcinogenic products to agriculture, the commercial turf industry, forestry, golf courses, professional landscapers, nurseries and mass market retail lawn and garden markets. USBO is striving to be the U.S. market leader in the expanding bio-chemical sector of the annual multi-billion dollar agricultural chemical marketplace. It has already begun taking the necessary steps to negotiate distribution and joint venture contracts to facilitate its nationwide expansion over the next few years. The Company's products are designed to rehabilitate soils, repel insects and increase crop (plant) yields through environmentally friendly alternatives to toxic man-made pesticides and caustic synthetic fertilizers and herbicides. To learn more about US BioTec and its products, please visit www.usbioteccorp.com.
Source: Market Wire (September 8, 2006 - 7:45 AM EST)
USBO - US BioTec Announces Restructuring Program
US BioTec, Inc. (PINKSHEETS: USBO), an emerging player in the rapidly growing bio-chemical sector of the annual multi-billion dollar industries related to agriculture, lawn and garden, and golf course products, today announced that it is currently in the process of a major restructuring program that it believes will significantly increase the company's ability to grow. The Company will begin releasing specific details of achievements already completed as well as its future plans to its shareholders in the coming days.
"We have spent the better part of the last five months working on building alliances, conducting due diligence on acquisition targets and securing a financing program. These are all key components in a comprehensive plan to enhance US BioTec's viability and spur dramatic growth in the short-term as well as over the long-term," says Jimmy Joyner, Chief Operating Officer of US BioTec, Inc.
"During the second and third quarters of this year, US BioTec has retained two new legal firms, hired an SEC-qualified CPA firm and secured a highly experienced financial consultant. With this additional expertise, the Company is in the process of facilitating four strategic projects related to corporate alliances and acquisitions. The addition of a new financing package should also fuel growth in each of US BioTec's three originally targeted markets for its environmentally friendly bio-chemical products in: agriculture, golf course and lawn & garden markets, as well as speed growth into other potential markets," adds Joyner.
The demand for the type of non-toxic, non-carcinogenic and readily biodegradable products like those produced by US BioTec's is growing and is enjoying ever-widening acceptance as ecological awareness increases throughout much of the world. One illustration of this is a recent study by The Freedonia Group, Inc., a market research firm based in Cleveland, OH, which predicts that annual sales of lawn and garden products will grow at a 5% annual pace to $9.1 billion in 2010, while however, it predicts organic product sales in the same market will grow approximately twice as fast. This increased demand is fueled by the growing numbers of baby-boomers.
Thus US BioTec expects that the consumer lawn and garden market to be an excellent future market for eco-friendly products. The Company's newly formulated marketing plan is designed to secure a sizeable share of the expending consumer market by 2010. Back with additional resources, US BioTec is doing a tremendous amount of planning as the Company readies itself to launch marketing programs for additional markets and new products for 2007 and beyond.
All of US BioTec's products are non-toxic, non-carcinogenic and biodegradable alternatives to the toxic and sometimes carcinogenic agrichemicals that have been widely used by farmers for decades. The agrichemical market, which is measured in the tens of billions of dollars annually, is controlled primarily by a handful of large multi-national corporations such as DuPont, Syngenta, Bayer, BASF, Dow Chemical and Monsanto.
About US BioTec
US BioTec was established to profitably develop, manufacture, market and distribute biodegradable, non-toxic and non-carcinogenic products to agriculture, the commercial turf industry, forestry, golf courses, professional landscapers, nurseries and mass market retail lawn and garden markets. USBO is striving to be the U.S. market leader in the expanding bio-chemical sector of the annual multi-billion dollar agricultural chemical marketplace. It has already begun taking the necessary steps to negotiate distribution and joint venture contracts to facilitate its nationwide expansion over the next few years. The Company's products are designed to rehabilitate soils, repel insects and increase crop (plant) yields through environmentally friendly alternatives to toxic man-made pesticides and caustic synthetic fertilizers and herbicides. To learn more about US BioTec and its products, please visit www.usbioteccorp.com.
Source: Market Wire (September 6, 2006 - 9:05 AM EST)
I guess the question is , do they have, have they had, or do they anticipate having any orders for fertilizer. No inventory at all does not seem to bode well. Diesel fuel well above $3.00 per gallon , at least in my part of country, independent truckers going belly up due to high costs, Not real confident that the trucking concern will support the ag. business for long if at all. Would be nice to have some answers , but company has not responded to my E-mails. Any thoughts ???
USBO - Volume rising and well bid at 9 cents. Anyone have ideas why the activity? Thanks.
See prior posting for some current news.
ANYONE HAVE CURRENT CONTACT WITH MANAGEMENT?
Any current news?
Technicals indicate an extremely strong support at 5 cents, with a steadily improving price over the last three months.
Current trading in the 8 to 10 cents range.
THE ONLY NEWS I HAVE (FROM TONY DRAKE AT PHOENIX IR ASSOCIATES) is the following:
1) Company is generating revenues of about $1 million annually.
2) Agricultural Fertilizers are being produced only in response to actual orders, with no inventory stocked.
3) Trucking operation is profitable and cash flow positive.
4) Overall Company is approximately breakeven (profits from trucking used in general and administrative expenses) and cash flow neutral (self-funding).
5) Company has not issued stock since the IPO.
6) CEO Jimmy Joyner has on occasion sold personal stock holdings of USBO to fund working capital needs. Strong commitment to the Company.
I have recently written the Company asking management to provide quarterly shareholder update press releases (but have not received a response yet).
hope so, and thanks bliz82!
Good luck with this one! I remember when it was over a buck and I was getting multi-page pamphlets in the mail pumping this one up. It's fallen ever since then. And last I checked it was still losing money. Maybe someday this one will actually turnaround because the story isn't bad. Maybe there is a momo play on this someday. GLTY
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