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

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China-based Kandi Technologies Corp. designs and manufactures all terrain recreational vehicles (ATVs), including its battery powered, two-seater low-speed vehicle, COCO. The company today announced the sale of 30 modified, electric COCO hardtops to the Postal Service in Jihua City. This is Kandi’s first sale of its COCO super mini car in China, and represents a strategic sale that will generate a visible on-road presence for the company’s clean vehicles.

“This is a milestone event for Kandi,” Xiaoming Hu, Kandi’s chairman and CEO stated in the press release. “Representing the start of what we see could be a significant ramping up of COCO electric car sales in China to the Postal Service nationwide. They, as well as other public services, such as sanitation and taxis, are being strongly encouraged by government programs to update their fleets to reduce oil and gas consumption and help clean up the environment.”

Kandi modified the COCO

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Friday October 23, 2009

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Consorteum Holdings Inc. (OTCBB: CSRH) announced that it has signed a Letter of Intent with Tactical Connections Inc. to provide various financial services to major tier one US, Canadian and European manufacturing and retail industries.

Builders FirstSource, Inc. (Nasdaq:BLDR), a leading supplier and manufacturer of structural and related building products for residential new construction in the United States, today announced a $205 million common stock rights offering and debt exchange for its outstanding Second Priority Senior Secured Floating

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The department store retailer Parkson China has signed a contract with Shimao Property Holdings Limited to enter Shaoxing Shimao Dear Town, a project developed by Shimao in Shaoxing, Zhejiang province. Situated in the northeast of Shaoxing, Shaoxing Shimao Dear Town is in close proximity to the former urban area of Shaoxing, Shaoxing Economic Development Zone, and [...]

In a move that will catch investors’ eyes across the globe, China Jo-Jo Drugstores Inc. announced a reverse merger transaction with Renovation Investment Company. The deal with Renovation, which is a Hong Kong Company, was announced on September 17th and will allow China Jo-Jo to acquire control of Renovation’s retail pharmacy chain business in the People’s Republic of China.

Currently, the pharmacy operates 20 stores throughout the provincial capital of the Zhejian Province with its most recent addition opening only last week. The pharmacy chain generated an impressive $6.8 million of net income and over $44.8 million of revenue in 2009. These figures dwarfed the 2008 fiscal period for the young company.

China Jo-Jo is led by Dr. Lei Liu who has a noted name in the industry and a very aggressive approach to management. When asked about this merger, Dr. Liu was quoted as saying, ”We are

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China Architectural Engineering Inc. (CAEI) provided updates on its Nine Dragon and Dubai Metro System projects. The company said that the Nine Dragon Project successfully passed evaluation and assessment by China's national experts, paving the way for new, large projects to commence by the end of this year and the beginning of next year.  Management is confident that a number of large Nine Dragon projects will launch by the end of this year providing CAEI with substantial new revenue sources for the next several years. The company had entered into an agreement with Shanghai Nine Dragon Co. Ltd. In June 2009, to undertake major projects located in the Nine Dragon Resort, Zhejiang , including a seven-star hotel, a marine park and luxurious villas. The projects are expected to be completed within three years.  In addition, the company said that the first phase of the Dubai Metro ...

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Friday September 11, 2009

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How Cummins Inc. (NYSE:CMI) and its Chinese customers cooperate in developing and using clean power was highlighted this week during a visit from Indiana Gov. Mitch Daniels, who is leading an Indiana delegation on a six-day visit to China. The governor was joined by representatives from the Zhejiang provincial government, technical officer of Hangzhou Public Transit Group (HZPT) and Steve Chapman, Group Vice President of Cummins.

Genzyme Corporation (Nasdaq: GENZ) reported today that four-year follow-up data from its completed Phase 2 multiple sclerosis (MS) trial continued to show durable reductions in relapse rate and sustained

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California-based CKE Restaurants Inc. has opened its first Carl's Jr. restaurant in Shanghai. According to CKE this is the first of more than 100 Carl's Jr. units planned in the municipalities of Beijing, Shanghai and Tianjin, and the provinces of Zhejiang and Jiangsu over the next eight years. In China, Carl's Jr. is operated by Star Food [...]

China Unicom (CHU) yesterday announced that it will initiate commercial trials of its 3G wireless network in 168 more Chinese cities from August 1. This will expand the total nationwide coverage to 268 cities as the second largest Chinese wireless carrier has already launched 3G trials in 100 cities. The additional cities will be spread across 18 provinces including Zhejiang, Jiangsu, Fujian, Sichuan, Yunnan and Hunan.   Following the overhaul of the Chinese telecom industry, the Chinese government issued three 3G licenses in early 2009 and awarded China Unicom the license for WCDMA, a widely adopted 3G technology.   China Unicom has launched commercial trials of its 3G services in 56 cities (including Beijing and Shanghai) in May 2009 and recently extended that to 44 more cities. The company plans to spend RMB110 billion (US$15.9 billion) in 2009, with the significant increase (approximately 56% year over year) primarily attributable

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China Sun Group High-Tech Co., which through its wholly-owned subsidiary Dalian Xinyang High-Tech Development Co. Ltd (”DLX”) has the second largest cobalt series production capacity in the People’s Republic of China, announced that its R&D, engineering and technical team has successfully completed testing on the company’s latest energy power battery anode material, lithium iron phosphate.

Bin Wang, CEO of China Sun Group, stated, “DLX was pleased to have cooperated with three major domestic power battery production companies, two from Shenzhen and the other from Changxing, Zhejiang province, on this project. We are currently testing the stability and cycle curve of the battery, and are procuring the raw material to begin operations. We believe we are on schedule to commence full scale production of lithium iron phosphate in early April 2009.”

He continued, “We believe an immediate market opportunity exists for the lithium iron phosphate product to be used as an electrode material

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