China Kangtai Cactus Bio-Tech Inc (fka CKGT)

[Florinda]

Nice. I was wondering how Pappy heard about this but there was no general announcement about it. So here it is:

CORRECTING and REPLACING China Kangtai Cactus Bio-tech Inc. Announces Export Contract With Taiwan Manufacturer
Press Release Source: China Kangtai Cactus Bio-tech, Inc. On Wednesday November 10, 2010, 8:25 am EST

HARBIN, China--(BUSINESS WIRE)-- Reissuing release (for release dated November 9, 2010) to add ticker symbol for searching purposes.


The release reads:


CHINA KANGTAI CACTUS BIO-TECH INC. ANNOUNCES EXPORT CONTRACT WITH TAIWAN MANUFACTURER


China Kangtai Cactus Bio-tech Inc. (OTCBB:CKGT.ob - News) announces that it has entered into an export contract with Taiwan Bantianshui Co., Ltd., a Taiwan beverage manufacturer, as of October 28, 2010.



Taiwan Bantianshui has committed to a purchase of 100 tons of China Kangtai’s condensed cactus pulp which consists of a cactus fruit juice extract via China Kangtai’s proprietary technology. Of the 100 tons, Taiwan Bantianshui expects a first delivery of 5 tons by November 30, 2010 and the remaining 95 tons over one year.



China Kangtai has had an ongoing long-term relationship with Taiwan Bantianshui which has a large scale business in Taiwan as a coconut juice beverage manufacturer. Additionally, Taiwan Bantianshui has been producing health care beverage products utilizing the cactus pulp supplied by China Kangtai. The markets for the finished products will be in Taiwan and surrounding countries.

“We have cooperated with China Kangtai for several years and we trust China Kangtai,” said Rongmao Zheng, President of Taiwan Bantianshui Co., Ltd. “We are also exploring the possibility of bringing China Kangtai’s cactus health care cigarettes and other cactus products to the Taiwan market.”


“Through the cooperation with Taiwan Bantianshui, we can expand our market in Taiwan. Additionally, the two companies have many future potential cooperation opportunities,” said Jinjiang Wang, the President and CEO of China Kangtai, “With our patented advanced bio-technology and a full series of high quality
products, we hope to make greater achievements in the Taiwan market.”

http://finance.yahoo.com/news/CORRECTING-and-REPLACING-bw-96606087.html?x=0&.v=2