HARBIN, China, March 16 /Xinhua-PRNewswire-FirstCall/ -- Harbin Changfangyuan High-tech Environment-friendly Industrial Co., Ltd. ("the Company," "Changfangyuan") announces the successful submission of its form 8-K, regarding information following the merger between Changfangyuan and UBRANDIT.COM, the Company's US shell company. The document has been published on the SEC website, and includes the Company's financial statements, merger information, industrial background, as well as information on products, target markets, technologies, management, the board of directors and introductions of its members.
In September 2006, Changfangyuan successfully listed on the OTC Bulletin Board under the ticker "UBDT", and is now planning to list on NASDAQ before 2008. Through the US capital market the Company plans to earn strong financial support and seek greater development of its environment-friendly industry. Changfangyuan has every confidence in surpassing IT stocks of the 1990's and becomes a dark horse in US capital market through Chinese environment-friendly concept stocks.
To achieve the strategic vision for 2010, the Company will put significant efforts in to international markets. Through the international financial platform, the Company plans to put biodegradable packaging materials and products in the markets of numerous western countries in order to seize the currently inaccessible high-end market.
Corporate Profile
Harbin Changfangyuan High-tech Environment-friendly Industrial Co., Ltd. is a listed company on the American OTCBB security market. Established in September 2006 and with a registered capital of RMB128.275 million, Harbin Changfangyuan High-tech Environment-friendly Industrial Co., Ltd. is now a U.S.-funded enterprise, whose predecessor is Harbin high-tech Industrial Co., Ltd.
Currently, the Company owns two participating companies, several subsidiary companies, domestic and overseas offices, and production bases. With a total staff number of more than 300, the Company has developed into a large-scale environment-friendly industrial company, and its industry scale ranks first.
For further information, please refer to http://www.chfy.com.cn .
