Post by Warren on Mar 30, 2005 22:42:27 GMT -5
CortDev, Inc. Finalizes Acquisition of Botaniex Inc.
HOUSTON, Mar 30, 2005 (BUSINESS WIRE) -- CortDev, Inc. (Pink Sheets:CDVJ), today announced that it has completed its acquisition of Botaniex Inc., a China-based herbal products manufacturer. CortDev Inc. has acquired 100% of the outstanding shares and assets of Botaniex Inc. in exchange for a majority interest in CDVJ.
In a special meeting of the Board of Directors of CortDev Inc., it was resolved that effective April 15, 2005 the corporate name shall be changed to Botaniex, Inc. In conjunction with the name change, CortDev Inc. will be assigned a new trading symbol and CUSIP identification number for its common stock. A spokesperson from the Company stated, "The name change represents a new corporate identity which focuses on the herbal products and pharmaceutical industry. The new corporate name will better reflect the Company's direction and objectives to become a major player in the $19 billion Global Botanical/Herbal Dietary Supplements Industry."
Botaniex is an international, export-oriented manufacturing company with over 90% of its customers located overseas. Botaniex Inc. is pleased to announce that it has secured the services of a digital marketing firm to enhance its corporate website. In addition, the Company has decided to develop a Chinese version of its website with a view to expanding its presence in the domestic market.
About Botaniex Inc.
Botaniex Inc. is a leading manufacturer of botanical extracts in China, serving the industries of dietary supplements, functional beverage, functional foods, cosmetic/personal care and pharmaceuticals. The Company's product line is broad, ranging from tea extracts and essential oils to other herbal extracts. Botaniex not only provides customized ingredients, but also offers value-added services for its customers and/or business partners. The Company is in the process of expanding its operations, including its client and asset-base, in Asia and overseas. Botaniex's goal is to become a major player in the multi-billion dollar global herbal products industry. For further information visit the Corporate website at www.botaniex.com.
For more information please contact current CEO, until the completion of the name change, Andrea Cortellazzi at 514-288-9699.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
SOURCE: CortDev, Inc.
CONTACT: CortDev, Inc.
Andrea Cortellazzi, 514-288-9699
aandre005@sympatico.ca
Copyright Business Wire 2005
-0-
KEYWORD: United States
China
Asia Pacific
North America
Texas
INDUSTRY KEYWORD: Health
Pharmaceutical
Manufacturing
Other Manufacturing
Construction & Property
Commercial Building & Real Estate
SUBJECT CODE: Merger/Acquisition
HOUSTON, Mar 30, 2005 (BUSINESS WIRE) -- CortDev, Inc. (Pink Sheets:CDVJ), today announced that it has completed its acquisition of Botaniex Inc., a China-based herbal products manufacturer. CortDev Inc. has acquired 100% of the outstanding shares and assets of Botaniex Inc. in exchange for a majority interest in CDVJ.
In a special meeting of the Board of Directors of CortDev Inc., it was resolved that effective April 15, 2005 the corporate name shall be changed to Botaniex, Inc. In conjunction with the name change, CortDev Inc. will be assigned a new trading symbol and CUSIP identification number for its common stock. A spokesperson from the Company stated, "The name change represents a new corporate identity which focuses on the herbal products and pharmaceutical industry. The new corporate name will better reflect the Company's direction and objectives to become a major player in the $19 billion Global Botanical/Herbal Dietary Supplements Industry."
Botaniex is an international, export-oriented manufacturing company with over 90% of its customers located overseas. Botaniex Inc. is pleased to announce that it has secured the services of a digital marketing firm to enhance its corporate website. In addition, the Company has decided to develop a Chinese version of its website with a view to expanding its presence in the domestic market.
About Botaniex Inc.
Botaniex Inc. is a leading manufacturer of botanical extracts in China, serving the industries of dietary supplements, functional beverage, functional foods, cosmetic/personal care and pharmaceuticals. The Company's product line is broad, ranging from tea extracts and essential oils to other herbal extracts. Botaniex not only provides customized ingredients, but also offers value-added services for its customers and/or business partners. The Company is in the process of expanding its operations, including its client and asset-base, in Asia and overseas. Botaniex's goal is to become a major player in the multi-billion dollar global herbal products industry. For further information visit the Corporate website at www.botaniex.com.
For more information please contact current CEO, until the completion of the name change, Andrea Cortellazzi at 514-288-9699.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
SOURCE: CortDev, Inc.
CONTACT: CortDev, Inc.
Andrea Cortellazzi, 514-288-9699
aandre005@sympatico.ca
Copyright Business Wire 2005
-0-
KEYWORD: United States
China
Asia Pacific
North America
Texas
INDUSTRY KEYWORD: Health
Pharmaceutical
Manufacturing
Other Manufacturing
Construction & Property
Commercial Building & Real Estate
SUBJECT CODE: Merger/Acquisition