China Dom. Bio-tech Hldgs Inc. (fka CDBH)

[Potse]

Newspaper article...interesting statement on revenue.....

Yesterday morning, ask the North Industrial Park, fireworks went off everywhere, from the U.S. NASDAQ listed company in China holding company, housefly biological industry invest property in Fuzhou Sheng Yongsheng Pharmaceutical Co., Ltd. started in the ground-breaking ceremony was held here. Municipal Committee, vice mayor Huang Mu Hong, Vice Mayor Johnson attended the groundbreaking ceremony Liu Ju.

Fuzhou Sheng Yongsheng property investment 210 million yuan Pharmaceutical Co., Ltd., covers an area of 300 acres, mainly depend on the parent company's technology as a backing. Its parent company owns the world's most advanced protein housefly biotransformation, biological pharmaceutical technology, can produce clinical nutrition protein, non-medical nutrition protein, skin care products, drugs, burns four major categories of 15 varieties of products, all raw materials are from insects - Musca domestica protein. After completion, the annual output up to 1.5 billion, and paid taxes 80 million yuan.

I think that $220M revenue number attached to the expansion project could be an entirely realistic target. I mentioned in one of my posts that the $7M revenue number that appears in Daqing Morinaga's job advertisements might be an outdated figure. A newspaper article that appears on the company's website suggests to me that the $7M number might be from just the first six months of sales after the first products were introduced into the market back in 2007.

That brings up a couple of interesting possibilities: 1) Daqing Morinaga's current level of revenue could very well be significantly higher than I initially anticipated (depending on capacity constraints). 2) If Daqing Morinaga's revenues are still relatively low, the company could on the verge of potentially explosive/sustained revenue growth when the expansion project comes online.

I'm not entirely sure but I think this Daqing Evening News article appeared in June 2008......

Product just came out, people want to "underwriting." Less than six months, Sheng Yonggong Secretary sold more than 50 million nutritious food.

http://tinyurl.com/2f8yvw7