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05/03/12 10:12 AM

#899717 RE: jeanette36 #899702

$NOEC .065 x .075 with only 17M OS!!! HUGE R/M "Pursuant to the Agreement, Anothen has become a wholly-owned subsidiary of NOEC and the ongoing operations of the Company are now those of the Anothen operating subsidiary, Tianjin Xingyang Package Co., Ltd. ("Xingyang"), based in Tianjin City, The People's Republic of China. Effective with the closing, Mr. Zhang Tongde, 44, Xingyang's founder, CEO and president, has been appointed Chairman of the Board of the Company.

Xingyang is a leading waste paper recycler and manufacturer of corrugated board in China. In 2011, Xingyang recycled and sold 33,000 tons of waste paper which generated revenue of $8.41 million. In the same period, Xingyang also manufactured and sold 45 million square meters of corrugated paperboard, and 20,000 tons of corrugated papers and carbon board, generating revenues of $30.63 million."