HARBIN, China, Oct. 19 /Xinhua-PRNewswire-FirstCall/ -- China Kangtai Cactus Bio-tech, Inc. (OTC Bulletin Board: CKGT) participated as an exhibitor in the 2007 National Sugar and Wine Products Trade Fair held in Harbin, China from October 11th through October 15th.
The National Sugar and Wine Products Trade Fair is the largest tradeshow for food and beverage products that contain sugar and alcohol in China. This year’s event was unprecedented, with over 100,000 exhibitors and more than 200,000 visitors.
China Kangtai’s exhibit highlighted a total of 30 its products in four different categories. Customer response was very positive and the Company received sales orders for over 40 million RMB of product to be fulfilled over the coming year. In addition, the Company received indications of interest from a number of potential customers with whom the Company plans to follow up over the coming weeks.
The Company believes that participating in this event has significantly increased its name recognition expanded the distribution channels for its products, and enabled the Company to begin to develop relationships with potential business partners. The Company plans to participate in similar tradeshows both in China and internationally.
The positive response at this tradeshow also confirmed the Company’s belief in the potential market for its cactus-based products in China. The Company is confident that this event will have long term positive benefits for its business that will help ultimately deliver higher returns to its shareholders.
About Cactus and Its Derivative Products
According to The Grand Dictionary of Chinese Medicine and the Compendium of Materia Medica, as well as many certified tests and analyses carried out by the Department of Agriculture and the Institute for Nutrition and Food Safety of the Center of Disease Prevention and Control of China, cacti contain over 18 kinds of amino acid, carbohydrates, chief meal fibrin, carotene, vitamin C, vitamin E, vitamin K1, vitamin B1, vitamin B2, vitamin B6, vitamin B12, smoke acid, folacin, calcium, phosphorus, iron, potassium, sodium, magnesium, manganese, copper, zinc, iodine, and selenium. Various cactus products have been shown to provide health benefits and have been used to treat a variety of health issues including, diabetes, adiposity, constipation, cholesterol, high blood pressure, low immunity, and various skin disorders.
China Kangtai owns nearly 400 acres of farmland and grows three species of Mexican cacti and some of the Company’s own cloned species. The Company owns an R & D institute that has successfully produced 31 product patents, 15 of which have already been approved. It currently produces and sells four cactus-based product categories: nutraceuticals, which are health and wellness dietary supplements; beverages, including juice, teas, beer, wine, and spirits; packaged foods, such as noodles, biscuits and pickles; and raw and intermediate cactus materials. There are about 36 existing products under these four categories.
Jinjiang Wang, Chief Executive Officer of China Kangtai Cactus Biotech commented, “Cactus-based products are well received by the market in China and show huge growth potential. China Kangtai will continue to develop new products to meet the demand of the consumers, while penetrating the markets with its existing products.”
Wang concluded, “Our Company remains focused on the quality and functionality of our products that deliver various health benefits to consumers. These new products will contribute positively to the Company’s 2007 performance and beyond, and accelerate its revenue and profit growth. With 15 product patents and 16 pending approval, China Kangtai is the dominant player in the cactus-based consumer product sector.”
About China Kangtai Cactus Bio-Tech Inc.
China Kangtai Cactus Bio-Tech, Inc. is market-leading cactus grower and producer of cactus-related products with over 387 acres of plants and an active R&D group that holds 15 product patents and is seeking another 16 in a variety of product categories. China Kangtai’s high-quality products are sold throughout China in supermarkets, food stores, hotels and restaurants through a growing distribution network that has currently covered 14 provinces and 4 municipalities.
Cautionary Statement Regarding Forward Looking Information
This press release contains forward-looking information about China Kangtai Cactus Bio-tech that is intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology, and include discussions of strategy, and statements about industry trends and China Kangtai Cactus Bio-tech future performance, operations and products.
This forward-looking information should be considered only in connection with "Risk Factors" in China Kangtai Cactus Bio-tech’s annual report on Form 10KSB filed with the SEC on April 2, 2007, and its other current and periodic reports filed with the SEC. China Kangtai Cactus Bio-tech assumes no obligations to update any forward-looking statements or information set forth in this press release.
For more information, please contact:
At the Company:
Ren Hu
Vice President
China Kangtai Cactus Bio-tech, Inc.
Tel: +1-201-887-0415
Email: Arenhu@gmail.com
Web: http://www.biocactus.com
Investor Relations:
Jon Cunningham
RedChip Companies, Inc.
Tel: +1-800-RedChip x107
Email: Jon@RedChip.com or Info@RedChip.com
Web: http://www.RedChip.com
