Redwood Group International (RDWD)

[MinnieM]

Thanks for posting the news snowcloud. ;)

An excerpt:

Mr. Bickel is also working with Redwood Capital ma nagement and staff on the company's recently announced new client, which operates in China's rapidly growing cattle industry. The client is engaged in the research, development and production of cattle and beef products in China, and the client's goal is to become the country's leading brand of premium cattle and beef products.

During the trip, Mr. Bickel is also participating in interviews with several potential Redwood Capital client companies in order to further bolster the company's pipeline of new deals. The companies are being interviewed as part of the screening and due diligence processes, and as a result of the meetings, at least one new client is expected to be signed while Mr. Bickel is in China.

"This trip has gone very well so far, including our attendance at the Rodman & Renshaw conference and our interviews with new and potential Redwood Capital clients," said Mr. Bickel. "Face-to-face meetings are the most effective way to prepare clients for the close of their transactions, as well as to properly screen potential clients as part of our due diligence process. We look forward to reporting any material progress that is achieved as a result of these meetings, including the signing of any new clients."