All Asia Licensing Inc. (Pink Sheets:AASI) today announced that CEO
Anthony Lee recently successfully entered into a Memorandum of
Understanding with Beijing Xinxinshengda Biology Engineering
Technique Co. Ltd. (BBET).
The two companies agreed to form a joint venture company to manufacture
and distribute BBET’s proprietary line of
fertilizers to governments, farmers and to the public. The joint venture
company plans to open research and development facilities both in China
and in North America to continue advancements in biological fertilizer
producing systems.
BBET was incorporated in 1996 as part of the space program in China when
Dr. Ma Lintao developed his proprietary process of breeding various
types of crop strain agents in space. This method was then developed and
patented and now has four years of proven formulas for governments,
farmers and consumers worldwide.
“We are so very fortunate to have a partner
such as Dr. Ma Lintao,” according to Lee. “We
believe that his technology and fertilizer systems will change the way
crops are grown worldwide,” Lee added.
This Memorandum of Understanding is subject to the successful completion
of due diligence by both parties and memorialization in a definitive
final joint venture agreement.
Beijing Xinxinshengda Biology Engineering Technique Co. Ltd. (BBET) is a
leader in the development and application of microbial fertilizers and
agricultural technologies. The company currently holds two official
production licenses awarded by the Ministry of Agriculture, People's
Republic of China.
Dr. Ma Lintao’s proprietary and patented
bio-fertilizer has won numerous awards in China, including a Gold Prize,
Fifth Patent Technology Exposition and another Gold Prize, jointly with
another researcher, at the Yangling Agricultural Fair Houji Academy
Awards. Dr. Ma has been referred to as the “Fertilizer
King” of China by numerous media outlets there.
All Asia Licensing Inc. is a major conduit for investors to access the
rapidly growing Asian economy. By acquiring a controlling stake in
unique Asian businesses, providing capital and international-minded
management, All Asia Licensing plans to enable these companies to
prosper in their own industries. Working with small-to-medium sized
companies, All Asia Licensing assists clients by using a comprehensive
suite of services of business management, consulting services and
business support through specialist networks.
Safe Harbor Statement" Under the Private Securities Litigation Reform
Act of 1995:
Certain statements in this news release are "forward-looking statements"
within the meaning of the Private Securities Litigation Act of 1995.
These statements include, without limitation, statements concerning the
ultimate acceptance of business prospects and our ability to
successfully complete the commercialization of “Fertilizer
King” products in select Asian markets. These
forward-looking statements are based on our current expectations and
beliefs and are subject to a number of risk factors and uncertainties
that could cause actual results to differ materially from those
described in the forward-looking statements. Such risks and
uncertainties include the risks that the results we intend are not
achieved and the risks inherent in commercializing a new product
(including technology risks, market risks, financial risks and
implementation risks, as well as other risks and uncertainties affecting
the Company). These risks are to be included in filings with the
Securities and Exchange Commission, all of which are to be available at www.sec.gov.
We disclaim any intention or obligation to revise any forward-looking
statements, including, without limitation, financial estimates, whether
as a result of new information, future events or otherwise.
Greg McAndrews & Associates
Gregory A. McAndrews, 310-301-3035
greg@gregmcandrews.com
Or
Investor
Relations
ALL ASIA
+1-866-575-6854
ir@allasialicensing.com
