Beacon Equity Research reports on the OTC and OTCBB Trade Leaders: International Building Technologies Group, Inc. (OTCBB: INBG), AmeriResource Technologies, Inc. (OTCBB: ARRT), Quest Minerals & Mining Corp. (OTCBB: QMNM), Coates International, Ltd. (OTCBB: COTE), and Kesselring Holding Corporation (OTCBB: KSSH) for January 07, 2008.
Publication:
M2 Presswire
Publication Date: 07-JAN-08 |
Format: Online
Delivery: Immediate Online Access |
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Article Excerpt
M2 PRESSWIRE-7 January 2008-BeaconEquityResearch.com: Beacon Equity Research reports on the OTC and OTCBB Trade Leaders: International Building Technologies Group, Inc. (OTCBB: INBG), AmeriResource Technologies, Inc. (OTCBB: ARRT), Quest Minerals & Mining Corp. (OTCBB: QMNM), Coates International, Ltd. (OTCBB: COTE), and Kesselring Holding Corporation (OTCBB: KSSH) for January 07, 2008.(C)1994-2008 M2 COMMUNICATIONS LTD
RDATE:07012008
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International Building Technologies Group, Inc. (OTCBB: INBG) Up 52.00% on Friday
Detailed quote: http://beaconequityresearch.com/INBG
January 04, 2008 - International Building Technologies Group, Inc. Signed a MOU to Acquire a Machinery Manufacturing Co. With USD 3.9 Million Worth of Assets
International Building Technologies Group, Inc. (OTCBB:INBG) announced today that it has recently entered into a Memorandum of Understanding (MOU) to acquire a machinery manufacturing company in Wuhan, Hubei Province of China. The Hubei InteWufeng Machinery Co., Ltd. currently offers several lines of equipment, but its machining capabilities can be retooled to manufacture the panel production manufacturing systems that IBT will utilize in several planned projects in China and other countries.
The signed MOU has specified the basic terms of a Final Agreement to acquire the machinery manufacturing company following due diligence and financial review by both companies. Financial information provided by the Hubei InteWufeng Machinery Co., Ltd. states the company currently has assets worth RMB 28.5 million (US Dollar 3.9 million approx.) and generated revenue of RMB 30 million (US Dollar 4.1 million approx.) in the year of 2007.
Stated Kenneth Yeung, CEO of International Building Technologies Group, Inc., "This potential acquisition would give IBT the ability to manufacture its proprietary equipments of panel production machinery. The Hubei InteWufeng Machinery Co., Ltd. currently has state of the art tool and machining systems, experienced engineers, design capabilities for new lines...
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