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Frog news. Not sure what this is all about yet going to do some DD on the frog thing. But if it helps this low floater hit a dime I am all for it. lol
Advance Technologies, Inc. Signs LOI with Tieli Xiaoxinganlin Frog Breeding Co., Ltd. Mar 30, 2007 8:46:00 PM Copyright Business Wire 2007
NEW YORK--(BUSINESS WIRE)--
Advance Technologies, Inc. (OTCBB:AVTX) ("AVTX") (the "Company") has signed a Letter of Intent to acquire Tieli Xiaoxinganlin Frog Breeding Co., Ltd., a company registered in the People Republic of China that is a wholly owned subsidiary of American SXAN Biotech, Inc. ("SXAN"), a Delaware Corporation, on Jan. 23, 2007. The proposed transaction would result in AVTX being controlled by SXAN, and is expected to be accounted for as a "reverse acquisition."
The closing of the merger is contingent on approval from the Board of Directors of AVTX and SXAN along with the satisfactory exchange of due diligence materials between the two parties.
"The acquisition merger of SXAN by AVTX is the first step in the reorganization plan adopted by AVTX Board of Directors, December of 2006. The acquisition of SXAN will add to shareholder value while providing development capital for current operations. Pursuant to the letter of intent, AVTX's present operations would be sold to Gary E. Ball and possibly others for its appraised fair market value." stated Mr. Gary E. Ball, CEO of AVTX.
"We believe once we close the merger with AVTX, SXAN will be in a prime position to access the US capital markets and therefore be one step closer toward its ultimate goal of becoming the leading frog breeding company in Asia," stated Mr. Feng Zhenxing, Chairman and CEO of Tieli Xiaoxinganlin Frog Breeding Co., Ltd."
ABOUT Advance Technologies, Inc. (Other OTC: AVTX - News)
Advance Technologies, Inc. engages in the development and license of infrared imaging systems for commercial market applications. It offers enhanced vision systems, infrared security systems, recreational vehicle systems, and medical systems for the security, medical, and transportation markets in the United States. Advance Technologies, Inc. also offers a range of consulting services. The company was founded in 1969 as PWB Industries, Inc. It changed its name to Advance Technologies, Inc. in 1997. The company is based in The Woodlands, Texas.
ABOUT Tieli Xiaoxinganlin Frog Breeding Co. Ltd. (SXAN)
The company, located in Tilie, Yichun City of Helongjiang province, was registered under the law of the Republic of China. After 7 years of research and development, the company has become one of the first enterprises with genetic breeding technology for China's forest frogs. With this technology, the company have applied and been granted national patents for forest frog-derived nutritional supplemental products, including wines and tonics.
If you already own AVTX then you have, in effect, won the lottery. In Asia, there is great demand for frog derivatives. Frog breeding is a big business. This particular company tried to do a reverse merger recently with TKTC but for some reason it didnt work out. There was an interesting write up about it in the March 5th issue of business week (reprinted below). It looks like many Chinese companies are taking over OTC companies (SVA being a great success). I assume that this stock will move to 50 cents or so.
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Directions of Changbaishan Chinese Forest Frog Fat Soft Capsule (Snow frog fat)
Chinese Forest Frog is also called forest frog which is a kind of rare wild animal only lived in China. Forest frog is a special economic frog variety integrating officinal, tonic and edible purposes. Especially, the oviduct of female frog also called forest frog fat, oviductus ranae snow frog fat, snow frog fat, oviductus ranae fat, is a kind of costly medicinal materials being famous at home and abroad. It is recorded in Compendium of Material Medica: forest frog fat has the function of restoring qi, moistening the lung and strengthening the body. It is recorded in Dictionary of Traditional Chinese Medicine: forest frog fat has the function of nourishing the kidney ,strengthening the essence, oistening the lung and mourishing yin. It can be used to treat asthenjia after illness or post partum, as well as cough caused by tudberculosis, hematemesis and night sweat. It is also recorded in pharmacopeia of PRC: forest frog fat has the function of nourishing the kidney and strengthening the essence, moistening the lung and nourishing yin. It can be used to treat deficiency of yin and debility, general lassetude, excessive night sweat and hemoptysis caused by tuberculosis. It is also regarded as national treasure by ancient and modem medicine circle; it is also a kind of in vigorator popular with people and is called the king of invigorant.
Through analysis and mensuration of modem science, the nutrition ingredient of Chinese forest frog fat includes protein, fat, carbohydrate, mineral matter and nitro genfree organic substance and 18 kind of amino acids, Vitamin, A,B,C,E,etc. and microelements of K, Na, Mg, Ca, Fe, Mn, Se, P and so on.
This product selects the natural treasureforest frog fat which only produces in the forest of Changbai Mountain as raw material, adopts bioactivity method to refine. The product is a new generation of high technology product of forest frog fat soft capsule with the characteristics of high technology, high content, high activity, high absorption and high effect which are not available in general forest frog fat soft capsule.
The product not only keeps former biological active material of forest frog, but also eliminates the abuse of traditional dried forest frog fat products that the biological active materials loss caused by dipping and heating in the course of taking medicine, as well as isn��t convenient for taking and difficult to digest and absorb. The soft capsule shell of the product isolating the inside effective ingrdients with the outside air, makes the product be difficult to be oxidezed and denatured and without forign taste.
The product can be taken in four seasons. Chinese forest frog fat was the tribute of Qing Dynasty and was listed as the first of eight treasures. Chinese Forest Frog fat is also the traditional export product of our country. Now it has been exported to America, Russia, ROK, Japan, Burma, Thailand, Vietnam, Malaysia, Indonesia, Singapore, India and the regions of Taiwan, Hong Kong and Macao. The products are very popular in intemational market and the demand exceeds the supply.
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