International Building Technologies Group, Inc.(fka INBG)

[Greenervps]

Key Points to remember Why this is such a great Play.

1)on June 02 2010 International Building Technologies Group, Inc. Signed a LOI to Enter into a Merger with a China Petroleum Storage Facilities.

Upon signing of the Letter of Intent on May 27, 2010 (effective date), FHH Sino MADE a U.S. $230,000 good faith deposit with the Company.

and most importantly on june 02, 2010 the company has filed an 8-K for this reverse merger with the SEC unlike many other companies claiming reverse mergers for months and never show you the 8-K that is your guarantee !!!

2)****INBG is fully reporting company & has been for years,trading on the OTCBB ****

3)FHH Sino New Energies Co., Ltd. is a petroleum storage company located in Weihai, a coastal city in Shandong Province of China. The company provides petroleum storage tanks for rental to petroleum companies such as Sinochem and Sino-Petro

so the full name of the company should be "Fu-Hai-Hua liquid chemical industry Limited company" if we just translate it directly

4)For the valuation of PPS, from other people's previous DD, they said 0.02, now i doubt it, as the news on the internet states"the company is the only one which attains approval for the construction of large-scale fuel depot private enterprise"

According to a recent appraisal prepared by an accounting firm in accordance with China accounting standards, the Chinese company has net assets worth RMB 370 million (approximately US $54,000,000) and will generate annual revenues of RMB 100 million (approximately US $14, 000,000)

it's same as a monopoly business in WeiHai,with 54 m asset being stated in 8-k, with O/S shares of "2,733,177,093", yes, it gives out 0.02, but if we use a conservative multiplier of 10 for the P/E should give us $0.2, but i think we are satisfied to have $0.02 anyway, lol