Archive | December, 2010

Lotus Pharmaceuticals Announces Approval of Reverse Stock Split

Lotus Pharmaceuticals Announces Approval of Reverse Stock Split

Lotus Pharmaceuticals, Inc. (OTC Bulletin Board: LTUS) (“Lotus” or the “Company”), a fast-growing, profitable developer, manufacturer and seller of medicine and drugs in the People’s Republic of China (“PRC”), announced today that the Company will effect a two-for-one reverse split of its common stock in order to meet minimum share price requirements in connection with its application to a national U.S. securities exchange. In connection with the reverse split, the number of authorized shares of the Company’s common stock will be reduced from 200,000,000 to 100,000,000 and the number of shares outstanding will be reduced from 53,399,407 to approximately 26,699,704.

The reverse split will take effect at the open of business today, December 31, 2010, at which time every two (2) shares of Lotus’ common stock issued and outstanding will be converted into one (1) share of common stock. The shares will commence trading today on the OTC Bulletin Board on a post-reverse split basis under the temporary ticker symbol “LTUSD.” After 20 business days, the “D” will be removed and the stock will resume trading under the ticker symbol “LTUS.” No fractional common shares will be issued as a result of the reverse split.

Mr. Zhongyi Liu, Lotus’ Chairman and Chief Executive Officer, stated, “We are pleased to announce this reverse split, as it is an important step toward our goal of a national securities exchange listing. We believe that we initiated the process at an appropriate time and that it is in the best interests of our stockholders and the Company’s future growth. With the reverse split approved, we are one step closer to completing the listing process.”

About Lotus Pharmaceuticals, Inc.

Lotus Pharmaceuticals, Inc. is a fast-growing, profitable developer and producer of drugs and a licensed national seller of pharmaceutical items in the People’s Republic of China (PRC). Lotus operates its business through its two controlled entities: Liang Fang Pharmaceutical, Ltd. and En Ze Jia Shi Pharmaceutical, Ltd. Lotus’ current drug development is focused on the treatment of cerebro-cardiovascular diseases, asthma and diabetes. Liang Fang sells drugs directly and indirectly through its national sales channels to hospitals, clinics and drugs stores in 30 provinces of the PRC.

Information Regarding Forward-Looking Statements

Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product demand, market competition, and risks inherent in our operations. These and other risks are described in our filings with the U.S. Securities and Exchange Commission.

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VisionChina Media and Focus Media Announce Deal

VisionChina Media and Focus Media Announce Deal

VisionChina Media Inc. (“VisionChina Media”) (Nasdaq: VISN), one of China’s largest out-of-home digital television advertising networks on mass transportation systems, and Focus Media Holding Limited (“Focus Media”) (Nasdaq: FMCN), China’s largest lifestyle community digital out-of-home media company, today announced they have entered into a securities purchase agreement, pursuant to which Focus Media will purchase 15,331,305 newly issued common shares of VisionChina Media at a price of US$3.979 per share, equivalent to US$3.979 per ADS, for a total consideration of approximately US$61.0 million.

JJ Media Investment Holding Limited (“JJ Media”), an entity owned by Jason Nanchun Jiang, the chairman and chief executive officer of Focus Media and one of Focus Media’s largest shareholders, and Front Lead Investments Limited (“Front Lead”), an entity beneficially owned by Limin Li, the chief executive officer and largest shareholder of VisionChina Media (together the “Investors”) will each also acquire 1,022,087 newly issued common shares of VisionChina Media at the price of US$3.979 per share, equivalent to US$3.979 per ADS, each for a consideration of approximately US$4.0 million.

The transaction is subject to customary closing conditions and is expected to be completed in early January 2011. Each of Focus Media and the Investors will pay 80% of the consideration and deliver a promissory note in the amount of the remaining 20% of the consideration to VisionChina Media at closing. The payment under the promissory notes will be due on March 31, 2011.

Following the transaction, Front Lead, an entity beneficially owned by Limin Li, will remain VisionChina Media’s largest shareholder with 17.2% of VisionChina Media’s outstanding issued shares. Focus Media will hold approximately 15%, and JJ Media will hold 1%, of VisionChina Media’s outstanding issued shares respectively. Focus Media, the Investors and VisionChina Media will also enter into a Shareholders Agreement, pursuant to which Focus Media is entitled to nominate one designee to VisionChina Media’s board of directors following the transaction. In addition, Focus Media, the Investors and VisionChina Media will also enter into a Registration Rights Agreement, pursuant to which Focus Media and the Investors will hold certain registration rights.

“We are very pleased that Focus Media, China’s largest lifestyle community out-of-home digital media company is investing in VisionChina Media. The purchase of this substantial block of our outstanding shares demonstrates that Focus Media recognizes that we have complementary businesses. Both companies see the future of out-of-home digital mobile television in China, and are confident in our leadership in our respective industry segments. We hope this alignment will provide a base from which to consider future business opportunities of mutual interest.” said Mr. Limin Li, founder, Chairman and chief executive officer of VisionChina Media.

Mr. Jiang, founder, Chairman and chief executive offer of Focus Media commented, “This is an opportunity for our company to partner with a proven market leader in the mobile television networks advertising business. VisionChina Media’s mass transportation mobile television network and Focus Media’s office, residential, hypermarket and supermarket television networks and theater network are highly complementary to each other, which we believe will offer opportunities to bring integrated media solutions and greater media value to advertisers. This minority investment in VisionChina Media is very much in line with Focus Media’s established development strategy of focusing on growing and investing in our core businesses while reducing our non-core businesses, and does not indicate any change in our existing stated direction. I am very pleased to be purchasing a 1% stake in VisionChina Media as a reflection of my confidence in the prospects for cooperation between VisionChina Media and Focus Media.”

ABOUT VISIONCHINA MEDIA INC.

VisionChina Media Inc. (Nasdaq: VISN) operates an out-of-home advertising network on mass transportation systems, including buses and subways. As of September 30, 2010, VisionChina Media Inc.’s advertising network included 128,139 digital television displays on mass transportation systems in 23 of China’s economically prosperous cities, including Beijing, Shanghai, Guangzhou and Shenzhen. VisionChina Media Inc. has the ability to deliver real-time, location-specific broadcasting, including news, stock quotes, weather and traffic reports and other entertainment programming. For more information, please visit http://www.visionchina.cn.

ABOUT FOCUS MEDIA HOLDING LIMITED

Focus Media Holding Limited (Nasdaq: FMCN) operates China’s largest lifestyle community media network, tracking the lifestyle of the consumers and using its media advertising platforms for residential communities, office buildings, shopping malls and movie theaters. Through its multi-platform digital media platforms, as of September 30, 2010, Focus Media’s digital out-of-home advertising network had approximately 196,000 LCD displays and approximately 312,000 advertising in-elevator poster and digital frames, installed in 184 cities throughout China, with a daily coverage of more than 170 million mainstream urban residents. For more information about Focus Media, please visit our website at http://ir.focusmedia.cn.

SAFE HARBOR: FORWARD-LOOKING STATEMENTS

This announcement contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements, but the absence of these words does not mean that a statement is not forward-looking. Among other things, quotations from Limin Li and Jason Nanchun Jiang in this press release contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Neither VisionChina Media nor Focus Media undertakes any obligation to update any forward-looking statement, except as required under applicable law.

This press release is provided for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell any securities. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or selling security holder and that will contain detailed information about the company and management, as well as financial statements.

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EastBridge (OTC-BB: EBIG) Client Wonder Education Prepares for IPO

EastBridge (OTC-BB: EBIG) Client Wonder Education Prepares for IPO

EastBridge Investment Group Corp (OTC-BB: EBIG), a financial services provider focused on helping Asian companies access U.S. public markets, is helping Wonder Education, a company similar to companies like China Education Alliance, Inc. (NYSE: CEU) and ChinaEdu Corporation (Nasdaq: CEDU), access U.S. public markets with an IPO.

EastBridge Investment Corp (OTC-BB: EBIG) is a financial services company that assists Asian clients with auditing, legal and investor relations processes to help them become public companies listed on U.S. stock exchanges. As its client Wonder Education completes its registration filings with the SEC, the company appears to be well-positioned to profit.

A Solid Performer in China’s Education Industry

Wonder Education owns and operates seven separate vocational training schools in seven provinces in China, with a core business of providing IT education. With the rapid urbanization of China, many analysts expect to see tremendous growth moving forward.

According to the Ministry of Education in China, there are 1,816,878 graduates of IT departments and 1,710,832 in-school students studying IT at vocational education schools in 2006. Meanwhile, the IT industry has growth to $51.9 billion and represents 0.8% of the GDP.

Many experts believe that this demand will only increase as a significant number of rural laborers move to larger cities. In fact, some estimates suggest that between 15 and 20 million people will make the switch during the next 5 to 10 years.

Wonder Education Files S-1 with SEC

Wonder Education’s most recent S-1 registration filing with the U.S. Securities and Exchange Commission (SEC) indicates that it plans to register 899,875 shares, which will be distributed to over 1600 EastBridge shareholders after SEC clearance is obtained.

According to the same SEC filing, EastBridge owns 3.4 million shares, or approximately 17% of the company’s common stock. The 899,875 shares being registered are slated to be distributed as a dividend to its shareholders.

EastBridge will assist Wonder in conducting a private placement capital raise to create a market price for its stock and then assist Wonder to become listed on a U.S. stock exchange during 2011.

A Significant Opportunity for Shareholders

With a pending IPO that could generate some $5.4 million in value for EastBridge shareholders, many investors may want to take a closer look at this undiscovered company. Its equity stakes in other companies, as well as future dividends, may justify a higher share price as it executes its plans.

Click here to learn more: http://www.accelerizefinancial.com/eastbridge.html

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EastBridge’s (OTC-BB: EBIG) New Client C8R Asia Completes Stock Transaction

EastBridge’s (OTC-BB: EBIG) New Client C8R Asia Completes Stock Transaction

EastBridge Investment Group (OTC-BB: EBIG), a financial services provider focused on helping Asian companies access U.S. public markets, similar to companies like Goldman Sachs Group, Inc. (NYSE: GS) and Morgan Stanley (NYSE: MS), announced that its new client, C8R Asia completed its stock transaction in which it now has an equity stake.

EastBridge Investment Group (EBIG) (OTC-BB: EBIG) today announced that its new client, C8R Asia Limited, located in Hong Kong, along with a group of investors, have acquired 96.6% controlling stake in E Global Marketing, Inc. (EGLO). As a result of this transaction, E Global Marketing Inc.’s management and board are now controlled by the representatives appointed by the acquiring investors. EastBridge was compensated with an equity stake in EGLO for its advisory work.

William Tien has been appointed Chairman, President and Board Director, and Norm Klein has been named as a Board Director of EGLO.

For more information about this transaction, please go to the following SEC link:

http://www.sec.gov/Archives/edgar/data/1398427/000102022910000093/f120810changeofcontrol.htm

EastBridge Investment Group focuses on high-growth companies in Asia, offering IPOs, Joint Ventures and Merchant Banking services. The Company targets industries in electronics, real estate, auto, metal, energy, environmental, bioscience and food retail distribution. To learn more about EastBridge Investment Group go to our web site: www.EbigCorp.com. To receive EBIG’s email alert, send a blank email to info@EbigCorp.com.
Forward-Looking Statements: Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as “may,” “will,” “should,” “could,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “forecasts,” “potential,” or “continue,” or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.

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