International Building Technologies Group, Inc.(fka INBG)

[dmik]

8-K, “according to an 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) after its completion of construction of Phase I and execution of rental contracts business in early 2011.” Then, “INBG is a full reporting company listed on OTCBB since 2007 and meets all the compliances and regulations of US SEC. We believe that as soon as INBG satisfies the minimum equity, revenue requirement, as well the other requirements of qualification, INBG can move up to be listed on NASDAQ or AMEX main board, accordingly.” Next, in accepting the merger some good things happen. Those include “an extension of existing employment contracts for INBG officers” and a “guarantee of Buy-back or exchange of common stock for preferred stocks (not exceed US$2.3 millions) that are currently held by IBTGI officers or investors.

A FEW HUNDRED DOLLARS THROWN IN HERE IS BETTER THAN BUYING STAR BUCKS COFFEE FOR A FEW MONTHS..