Take a few minutes to look into this folks. Fantastic building product and projects started in China now. MOU underway with annoucement anyday. Market cap of $250k
Posted by Goodones on :
This used to be MSEM, motor sports emporium. hmmmm. TMAN...
Posted by boneyardjeep on :
Any one still think that this might be a good pick? Low o/s
Posted by EverGreen on :
International Building Technologies Group, Inc. February 25, 2008 INBG announces that the company booked revenues of nearly US$1,000,000 from the Company's 51% interest in the Rose-Best project which has received progress payments of RMB13,000,000 (US$1,800,000. approx.) by January 31, 2008. In accordance to the agreement signed between International Building Technologies Group, Inc. and Suining Yin Fa Construction and Engineering Co., Ltd., the Company owns a 51% interest in the project. The Rose-Best project located in Suining, China started generating revenues by receiving payments from the developer, based on the construction progress of the structures of the four residential buildings. As of January 31, 2008, Suining Yin Fa Construction & Engineering Co., Ltd., the contractor of the Rose-Best project, received total progress payments of RMB13,000,000 (US$1,800,000. approx.) for work completed according to the contract. The project will continue to bring in more revenue as construction progresses. To view the Rose-Best Project and the progress of all four residential buildings, please visit http://www.suiningyinfa-ce.com/projects.asp at Rose Best Project III. For the acquisition of The Hubei InteWufeng Machinery Co., Ltd., the Company is working closely with the holding company of InteWufeng to finalize the Definitive Agreement. The agreement is expected to be completed soon. For further information of The Hubei InteWufeng Machinery Co., Ltd, please visit http://www.ytwf.com. Posted by EverGreen on :
great revenues projection
International Building Technologies Group, Inc. today shares the outlook of the diverse contracts the Company has for early 2008 and what those contracts mean to the bottom line. INBG is strategically positioning itself with contracts and business ventures that can significantly contribute to its bottom line and the continuous development of its panel business. So far in 2008 INBG has booked nearly US$1,000,000 in revenues. On December 19, 2007, INBG signed a Memorandum of Understanding (MOU) to acquire Hubei InteWufeng Machinery Co., Ltd, which currently has assets worth RMB 28,500,000 (approx. US$4,000,000) and revenues of approximately RMB 30,000,000 (approx. US$4,200,000) in the year 2007. In 2007, the Company also signed a Memorandum with the Suijiang County Government to build a factory for the production of IBT building panels in Suijiang, China which would supply building materials for the construction of a new town for 50,000 residents. The Company is currently waiting for the Suijiang Government to reallocate a suitable site for the construction of the panel factory. Mr. Kenneth Yeung, CEO of INBG comments, "INBG is very excited with its progress so far in 2008. With nearly US$1,000,000 already booked from the Rose Best project, we anticipate to book a total of nearly US$3,600,000 once the project is completed. Also, Hubei InteWufeng, a Company with revenues of RMB 30,000,000 (approx. US$4,200,000) in 2007, will be a very promising addition to INBG once the definitive agreement is signed. The acquisition of Hubei InteWufeng will allow INBG to retool and reduce the cost of the machineries needed to manufacture its panels." "January 2008 has already proven to be a solid indication of our commitment and ability to move forward. As projects are completed and revenue is booked we will communicate our progress with the investment community. I am very excited for our shareholders and believe INBG is making tremendous strides to bring shareholder value back to this company," concluded Kenneth Yeung.
Posted by boneyardjeep on :
a couple of good pr's and then.....
Posted by lostone on :
bottomed out again after previous day run.. could be interesting