ONE Bio Inks Deal With Major Chinese Nutraceutical Distributor
November 24 2009 - 8:00AM
Marketwired
ONE Bio, Corp. (formerly ONE Holdings, Corp.) ("ONE" or the
"Company") (OTCBB: ONBI), an innovative company utilizing green
process manufacturing to produce raw chemicals and herbal extracts,
natural and health supplements and organic products, announced that
its subsidiary, Green Planet Bioengineering, Co., Ltd. (OTCBB:
GPLB), through its Chinese operating unit, signed a definitive
agreement with The Chinese Society of Traditional Chinese Medicine
("Chinese Society"). As part of the agreement, the Chinese Society
has agreed to include to its vast and far reaching distribution
network ONE's recently launched over-the-counter natural and health
supplements and beauty products. The Society distributes a large
variety of traditional and herbal medicine products throughout
China, the US and European markets.
The mission of the Chinese Society is to serve the traditional
Chinese medicine sector, to safeguard the legitimate right of the
members of the Society, to promote standardization and development,
to propagate the culture of Chinese medicine, and to better satisfy
medicinal needs.
"With 30,000 points of sale in China and 3,000 in the United
States, we expect to see a significant boost in the sales of our
over-the-counter natural and health supplements and related
products," stated ONE's CEO Marius Silvasan. "The agreement with
the Chinese Society is a key part of our aggressive push to
increase distribution for our products in China and abroad. Through
the Chinese Society our products will soon be available in the US,
a key market for future growth," added Silvasan.
"The launch of our first CoQ10 concentrated beauty treatment
which includes facial whitening, body slimming, and antioxidants
has received positive feedback from the Chinese Society as well as
the marketplace," stated Green Planet's CEO Min Zhao. "Our R&D
team is working hard to develop new over-the-counter natural and
health supplements and beauty products. As new products are
developed we intend to work with the Chinese Society for their
commercialization," added Mr. Zhao.
About ONE Bio, Corp.
ONE Bio, Corp. ("ONE") (OTCBB: ONBI) (www.onehcorp.com)
headquartered in Miami, FL, is an innovative company utilizing
green process manufacturing to produce raw chemicals and herbal
extracts, natural supplements and organic products. ONE is focused
on the Asia Pacific region. Key products include widely recognized
Solanesol, CoQ10, Resveratrol and 5-HTP, organic fertilizers, and
organic bamboo health food and beverages. ONE's growth plan targets
an aggressive acquisition driven strategy supported by strong
organic growth. Through ONE, small private companies gain access to
capital, experienced management and strategic insight. ONE builds
strong synergies amongst all subsidiaries to enhance shareholder
value. ONE is working with each subsidiary to promote organic and
acquisition driven growth.
About Green Planet Bioengineering, Co., Ltd.
Green Planet Bioengineering CO., LTD. ("Green Planet")
(http://www.greenplanetbio.com) (OTCBB: GPLB), a subsidiary of ONE
Bio, Corp. (OTCBB: ONBI), is a high-tech bioengineering enterprise
that engages in research & development, production and sale of
various extracts from tobacco leaves residues destined for health
supplements and organic agricultural products. Green Planet is
headquartered in Miami, FL with its main operation located in
Sanming and Fuzhou, China. Since founded in 2005, Green Planet
offers a full range of high quality bio-ecological products which
include raw chemical materials such as CoQ10 and Solanesol, organic
fertilizers and pesticides and organic health nutrients and
supplements. Company's unique position in the bioengineering
industry comes from its R&D using patented cutting-edge methods
to create abundant downstream products ranging from plant
indigenous medicine, pharmaceutical intermediates to a long list of
eco-friendly products.
This press release includes statements that constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995 (the "Reform Act"). ONE
Bio, Corp. claims the protection of the safe-harbor for
forward-looking statements contained in the Reform Act. These
forward-looking statements are often characterized by the terms
"may," "believes," "projects," "expects," or "anticipates," and do
not reflect historical facts. Specific forward-looking statements
contained in this press release include, but are not limited to:
our successful integration of diversified growth companies, impact
of the company's expansion plan, and new business development
success, future financial results, development and acquisition of
new product lines and services, the impact of competitive products
or pricing from technological changes, the effect of economic
conditions and other uncertainties. The forward-looking statements
contained herein involve risks and uncertainties that could cause
actual results to differ materially from the expectations contained
in any such forward-looking statements. These risks include, but
are not limited to: failure to manage operating expenses or
integrate new companies and/or technologies, each of which could
have a material impact on our business, our financial results, and
the company's stock price. These risks and other factors are
detailed in the Company's regular filings with the U.S. Securities
and Exchange Commission. Most of these factors are difficult to
predict accurately and are generally beyond the Company's control.
Forward-looking statements speak only as to the date they are made
and ONE Bio, Corp. does not undertake to update forward-looking
statements to reflect circumstances or events that occur after the
date the forward-looking statements are made.
Company Contact: Jeanne Chan Senior VP Tel. +877.544.2288
jchan@onehcorp.com Investor Relations & Corporate
Communications 877-544-2288 ir@onehcorp.com
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