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| Penn Biotech Inc. |
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From its incorporation in 2002, Penn Biotech Inc. ("PBI") has been actively involved in the acquisition and transfer of proven technologies. The company has now embarked on an expansion of that direction by transforming itself into an investment holding company that will actively seek other technologies and businesses.
The overall strategic direction of the company is to utilize its stock as a currency to acquire businesses with international operations that will benefit from their exposure to the multiples achieved in North American financial markets. PBI shareholders will benefit from this strategy by the growth in value of the parent company through the consolidation of subsidiary revenue streams.
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| Press Release |
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(OTCBB:PBOTF) On Track For 2005 Company Lands Blockbuster Order....
Penn Biotech reinforces its CEO Update, previously announced on July 5, with a Blockbuster order.
(Quote from PR of July 5): The combination of the two deals with the seed potato business will see PBI with forecast 2005 Revenues in excess US$75 million, and a net asset base greater than US$6 million, which will enable the company to make application to list on the NASDAQ small cap market.
Potatoes are one of the major food crops in the world. According to the FAO, global production was in excess of 308 million tonnes with a value of US$82 billion in 2002; of this total, China produced over 75 million tonnes. Potatoes for consumption are grown from seed potatoes which are produced through a series of annual plantings. Under current technology, it can take 5 to 7 years in developed countries for seed potatoes to be utilized in producing potatoes for consumption. The PBI technology significantly reduces this time period and the costs of seed potatoes. Consequently, the company believes that it will become a major producer and that it will achieve market penetration in both China and North America in excess of 15% of the total market. At the recent World Potato Congress in China (March. 2004) the company entered into extensive discussions with major processors and has already contracted some production to them.
In our opinion there is to many positive’s for (OTCBB:PBOTF). Watch for a dead cat bounce in the coming week on this one.
Penn Biotech Inc. Announces Major Order
VANCOUVER, British Columbia — (BUSINESS WIRE) — July 12, 2004 — Penn Biotech Inc. (OTCBB:PBOTF - News) is pleased to announce that it's Chinese subsidiary has received a request from one of the world's largest potato processors to initially supply over 1.3 million pounds of seed potatoes in 2005. The receipt of this order provides further evidence that the strategy of entering the Chinese seed potato market will have a substantial impact on the company's revenues as it develops its business in the world's largest single market for potatoes.
Combined with previously announced acquisitions that the Company has negotiated, Penn Biotech is on target to achieve revenues of US$75 million in 2005.
The agricultural biotechnology component of Penn Biotech Inc. employs a patented technology to grow seed potatoes in Canada and China. Potatoes are the forth-largest food crop in the world, and Penn's technology improves the quality and significantly reduces the time period for potatoes to reach consumer markets.
Statements in this news release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company's customers, competition and other factors discussed from time to time in the Company's filings with the Securities & Exchange Commission.
No securities regulatory authority has approved or disapproved of this news release.
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Conclusion |
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The combination of the two deals with the seed potato business will see PBOTF with forecast 2005 Revenues in excess US$75 Million, and a net asset base greater than US$6 Million, which will enable the company to make application to list on the NASDAQ Small Cap Market.
If PBOTF were to trade today in the market at 1 times sales, then this would equate to a stock price of $4.21 per share.
As quoted by the President, "We have made outstanding progress in the realization of our business strategy over the last several months, and the interest the company is garnering from a wide range of both investors and business interests encourages us in our belief that we are on an exciting developmental path.
We look forward to undertaking additional investments in the future, and will be striving to maximize shareholder value through such transactions."
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| Company Information |
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Stock Symbol (OTCBB):
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PBOTF |
| Current Price: |
$ 0.60 |
| Shares Outstanding: |
17,832,244 |
| Approx. Float: |
3,795,622 |
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| Reasons Not To Strike Out |
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| Important Disclaimer and Information:
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Verify all claims and do your own due diligence. Stocks In Play (SIP) profiles are not a solicitation or recommendation to buy, sell or hold securities. SIP is not offering securities for sale. All statements and expressions are the sole opinion of SIP and are subject to change without notice. The companies that are discussed in this opinion have not approved the statements made in this opinion. This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended. The words "may" "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. This profile is not without bias, and is a paid advertisement. SIP is not liable for any investment decisions by its readers or subscribers. SIP is not a registered broker dealer or investment advisor. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. The information contained in SIP profiles is provided as an information only service. The accuracy or completeness of the information is not guaranteed and is only as reliable as the sources from which it was obtained. Investing in micro cap stocks is extremely risky and, investors are cautioned that they may lose all or a portion of their investment if they make a purchase in PBOTF.
SIP has been compensated 250,000 free trading shares from Hye kyong Joe a non-Afiliated third party plus we are anticipating receipt of a additional 50,000 free trading shares from the same non-affiliated third party for the publication and circulation of this report. In addition. THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK. We encourage our readers to invest carefully and read the investor information available at the web sites of the Securities and Exchange Commission ("SEC") at
http://www.sec.gov and/or the National Association of Securities Dealers ("NASD") at http://www.nasd.com. We also strongly recommend that you read the SEC advisory to investors concerning Internet Stock Fraud, which can be found at http://www.sec.gov/consumer/cyberfr.htm. Readers can review all public filings by companies at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its web site. Subsequently SIP may buy or sell shares of PBOTF stock in the open market. Since SIP has been compensated there is an inherent conflict of interest.
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