Niusule Biotech Corp. develops and distributes health food and related products manufactured in the US to Chinese consumers. The company launched its Niasule Gummy Bears nutritional supplements for children in September 2009 and its PlantFusion protein powder in June 2009. Niusule has a retail distribution network of 36 outlets in the Zhejiang province and is aggressively seeking to expand into other regions in China.

The company announced today guidance for revenue, gross margin and net income for calendar year 2010. Based on current trends and planned expansion of its retail distribution network, Niusule management is now forecasting that revenue for 2010 is expected to be approximately $10 million. The company also estimates net income of $2.5 to $3 million with gross margins to be in the range of 70% to 75%.

Niusule’s Gummy Bear products have been well received in China and are quickly gaining popularity. The company has signed contracts with

...

According to the FT, Russia, Belarus and Kazakhstan have abandoned their attempt to join the World Trade Organization as a single customs union, after WTO members made clear the unprecedented suggestion would elongate the process by some years.  The trio will reportedly attempt to join simultaneously.  French retailer Carrefour has made a swift exit from Russia, only four months after the opening of its first store.  Bad news for Avtovaz: Sberbank and VTB have declined an offer to take stakes in the company in exchange for debt.  Gazprombank had its worst month of the year in September, posting losses of $529 million, the sixth time this year that the bank has posted a monthly loss.  Italy's Cremonini Group is set to open a $148 million meat-processing plant in the Moscow region to produce hamburgers for McDonalds by ...

Carrefour has signed a new project with Hunter Real Estate, a local real estate company in Guiyang, marking the international retailer's entry into the capital of Guizhou province. Located in Hunter City Plaza, Carrefour's new outlet will cover a total area of 18,000 square meters and its operating area will be 7,800 square meters. The new [...]

French retail giant Carrefour and China Unicom Guangdong branch have formed a strategic alliance and signed a cooperative agreement. Under the agreement, Carrefour will introduce China Unicom's WO brand 3G experience stores into its 16 outlets in five cities in the Pearl River Delta area. These stores will provide services such as 3G personal services, invoice [...]

According to reports in local media, Carrefour is expected to open a new store as part of Hefei's western supermarket project before the Spring Festival in 2010. In April 2009, Carrefour Hefei signed a letter of intent with Hefei New Civil and Cultural District Investment Company to rent the first to the third floors of the [...]

Company leaders are compelled to creatively move their businesses to profitability by unloading excess baggage and looking for new markets. Hence, a growing number of companies are divesting to achieve a leaner structure and at the same time looking for new markets to tap into.

IT Outsourcing Providers Tap into Domestic Market

With the current pressures faced even by Outsourcing Providers especially the IT service providers as the demand for it this year is expected to decline by 1.7 percent according to Gartner, they are continually challenged to develop sharper eyes for new markets to target and new ways to make it more cost competitive.

Infosys Technologies Limited (NASDAQ:INFY) and Wipro (NYSE:WIT) are tying up with rural service providers to be able to create a service offering for India’s domestic market. By recruiting rural talents, Infosys and Wipro will be able to

...

Deputy Finance Minister Sergei Shatalov says there will be no tax raises on individual incomes during the crisis, but the government plans to introduce an increase on gas extraction tax for businesses.  The Moscow Times looks the construction firms of Pikalyovo whose problems were not resolved by Putin's visit.  As manufacturing shrunk in May, wage arrears grew by 10.8%.   Rusal has managed to negotiate a much more favorable rate in restructuring its $7.4 billion debt to foreign banks than other companies.  Novolipetsk Steel controller Vladimir Lisin has bought the radio station Business FM.  The Federal Anti-Monopoly Service has canceled $38.5 million worth of contracts for state orders because of typographical issues.   The Wall Street Journal reports on the opening of the first Carrefour in Russia. Apparently the French food giant has suspended ...

American Lorain Corporation, an international processed foods company that sells over 234 products in China and 42 foreign countries, recently announced that the company now has a total of 300 agents in 26 provinces in China. Over the past five months, American Lorain has been transitioning sales away from its direct sales force to agents, and has now increased the company’s distribution network from 19 provinces in China to 26 provinces.

American Lorain has signed 300 agents as of May 2009, allowing the company to reach more than 2,000 supermarkets, including more than 130 large-scale supermarkets and roughly 1,900 small- and medium-sized supermarkets. The new distribution channels also include international stores, such as 25 Wal-Mart stores and 24 Carrefour stores. The company’s products include chestnuts, convenience foods, frozen foods, canned foods and bulk foods.

Si Chen, chairman and chief executive officer of American Lorain, stated, “We are extremely pleased with our

...

'We should admit, in all honesty, that direct government support of the stock market achieved nothing', President Medvedev has said in a meeting with politicians from A Just Russia.  Putin's unified property tax, is, however, worth considering.  After three years of growth, Russian bank assets have contracted for the second month in a row, and retail deposits have decreased slightly.  In April inflation dropped to 13.2%.  VTB may buy back shares from minority shareholders who bought them at its 2007 IPO.  Sedmoi Kontinent stocks have soared by about 30%, the most in the history of Moscow trading, when it was reported that French retail giant Carrefour had agreed to buy a controlling interest; the company has reportedly signed a preliminary letter of intent to buy 75%.  Aspersions are being cast upon Gaz's attempts to enter a ...

The French retailer Carrefour has signed an agreement with Linyi Jiulong Real Estate to open a new Carrefour store, marking the international retail giant's entry into Linyi in Shandong. The new Carrefour store will be located in Jiulong OSCA, a comprehensive commercial project constructed by Jiulong Real Estate. With a total investment of CNY1.8 billion and [...]