merger and acquisition agreement with Beijing Union Express Co. Ltd.
December 26 2012 - 11:30AM
OTC Markets
Tritent
Int'l Announces its Acquisition of
Beijing
Union Express Co. Ltd. in Beijing, China
Beijing,
China December 19, 2012-- After
three months of intense negotiations, Tritent Int'l Agriculture,
Inc. (OTC
Market: UNMK) formally signed off the merger and acquisition
agreement with
Beijing Union Express Co. Ltd..
Beijing
Union Express Co. was established
in 2001 by its founder and current president, Mr. Qiang (Jeff) Sun.
As one of
just over 100 such delivery companies in the City of Beijing, with
current
population exceeding more than 20 million, Union Express has
primarily engaged
in the businesses of mail sorting, processing, product storage and
package
delivery. The company is located in Beijing's robust Chaoyang
District, five
miles away from the Beijing Int'l Airport. According to insider
information,
given the sizes and number of licenses already issued, no
additional such
delivery company licenses will be issued in Beijing for the
foreseeable future.
Pursuant
to the U.S. Investor Immigration
Program, whereas a potential investor can invest either cash or
assets or both
to achieve investment and immigration in the United States,
"Tritent Int'l
is therefore fortunate and grateful to receive more than $250,000
cash
investment along with acquisition of 90% ownership of Union Express
Co.,"
according to Nathaniel K. Mr. Hsieh, President of Tritent
International. Along
with the building of its infant formula plant in Cascade, IA and
its cheese
making plant in Platteville, WI, the acquisition of Union Express
Co. will
provide Tritent with a solid distribution center and delivery team
for its
dairy products in Beijing, China. Mr. Hsieh added.
Pursuant
to the relevant board
resolution, Tritent International has authorized the issuance of
500,000 common
shares, restricted for one calendar year, in exchange for Mr. Jeff
Sun's cash
and asset investment. Mr. Sun has also been appointed a member of
the Board of
Directors in addition to the position of Vice President, in charge
of
international logistics for Tritent's operations.
As
Mr. Hsieh explains, the wholesale
and retail of products in China are dramatically different from the
United
States. To successfully put a product on the shelf in a respectful
supermarket
or store in China, the supplier has to pay for insane prices
including shelf
space, promotional fees and others amounting to easily $20,000USD
per store in
any large metropolitan in China. At current time, there are close
to 300
foreign brands of infant formula taking up close to 85% of the
China market
with none genuinely made and packaged in the USA. As to cheese, it
is still at
its infant stage with majority of consumers recognizing the name
without ever
tasting the products. The consumer dairy industry still enjoys more
than 20%
annual growth in China. By partaking in this exponential growth,
Tritent is
determined to tap in to this ever expanding market. Mr. Hsieh
added.
Tritent International Ag... (CE) (USOTC:UNMK)
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