FFBU kicks off Belmonts new China office as the first deal?
Belmont Partners Set to Launch Office in China
09-25-2007
WASHINGTON, VA - Belmont Partners, a leader in the reverse merger industry, announced today plans to establish a subsidiary in China during the fourth quarter 2007. The headquarters which will be located in Shenzhen, China, will focus on investment banking activities to further develop the firm's rapidly expanding Asian business operations.
According to Joseph Meuse, Managing Director of Belmont Partners, "Our firm has been conducting reverse mergers in China for a number of years. The formation of a subsidiary in China represents a significant development in our firm's global business expansion." Mr. Meuse added, "A local presence in Shenzhen will allow us to conduct international business more effectively and better serve our clients in China."
From FFBU's 10/15 filing.
On July 7, 2007 the Company(FFBU)signed a letter of intent to facilitate a merger, acquisition or other combinational transaction with Belmont Partners, LLC (the "Buyer"). The Buyer's intent is to purchase a controlling interest in the Company's public vehicle (the "Vehicle") for a purchase price of $500,000. Upon acquisition of the Vehicle, the buyer would agree to effectuate a reverse merger of the Vehicle with a target company whereby the Vehicle would remain the surviving corporation.