China-Biotics Wins First US Customer
{possibly fluff news imo...could be as little as one person with a juice stand in California buying one order...poor choice to release something as hollow as this with no name or dollar amount..is it a recurring contract?...whats an agreement? ..etc etc}
SHANGHAI, March 18, 2011 /PRNewswire-Asia-FirstCall/ -- China-Biotics, Inc. (Nasdaq: CHBT) ("China-Biotics" or "the Company"), the leading developer, manufacturer and distributor of probiotics products in China, today announced that the Company has entered into an agreement with a US based nutritional product company.
This new contract marks the major milestone in the China-Biotics' corporate history as it is the first contract win outside of China. The company's R&D representatives recently attended Natural Product Expo West in Anaheim, California, which attracted approximately 3400 exhibitors and a wide array of health food industry participants.
Mr. Jinan Song, CEO and Chairman of China-Biotics, commented, "we are very excited about winning our first overseas customer, in a market which not only carries the world's leading standard in food safety but also consumes large volume and varieties of health food. This is a solid testimony that our product quality and technology capability have been received by the international market. With this new win, we are now officially a new contender for the US market, which is historically dominated by European probiotics producers. We are confident that this is just the start of our future expansion in the international market."
