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INBG - 12.08 Million Increase in Value $$$$ Autor: Tomcat72 Datum: 02-26-09 02:03 Hier noch paar nennenswerte Infos: International Building Technologies Group, Inc. Announces Preliminary Audited Figures for the Acquisition of Wuhan Wufeng Machinery Manufacturing Company and an Additional RMB 12.08 Million Increase in Value ALAMEDA, Calif., Oct 14, 2008 (BUSINESS WIRE) -- International Building Technologies Group, Inc. (OTCBB:INBG) announced today that based on the current ongoing audit of Wuhan Wufeng Machinery Manufacturing Company ("Machinery Company"), preliminary audited figures show that the Machinery Company's assets are worth significantly more than anticipated and previously announced. Based on preliminary audited figures provided by our Auditors, the Machinery Company's assets are worth approximately RMB 38,500,000 (approximately USD $5,636,000) compared to the original figure of RMB 26,420,000 (approximately USD $3,868,000) that is stated in the definitive agreement and previously announced. The increase of RMB 12,080,000 approximately represents a 46% increase in the value of the assets (approximately USD $1,768,000) Additionally, current unaudited sales figures for the Machinery Company indicate that as of September 30, 2008, the Machinery Company has generated RMB 17,200,000 in sales (approximately USD $2,518,000). The audit is progressing and is expected to be completed on or about November 30, 2008. All financial figures mentioned in this press release are subject to finalization by our PCAOB approved SEC auditor, Albert Wong & Company. About International Building Technologies Group, Inc. International Building Technologies Group, Inc. and its wholly owned subsidiary, International Building Technologies, Inc., are currently transforming the combined business into a worldwide manufacturer and developer of light panel technology to be used for residential and commercial businesses, primarily in regions that are at risk of earthquakes and hurricane-like winds. For more information, visit www.ibtgi.com. This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. SOURCE: International Building Technologies Group, Inc. CONTACT: International Building Technologies Group, Inc. Patrick Donahoo, 702-688-9683 ir@ibtgi.com Zu diesem Thema antworten INBG handelbar an der OTC in New York/USA Autor: Tomcat72 Datum: 02-26-09 02:05 Allgemeine Informationen über den Potemzial und Performance - Chance - Ja, INBG erwacht - Im Vorwege GLTA - ALL IMO, Gruß Jochimedi Welcome to the International Building Technologies Group board: O/S - 677,651,865 Authorized Shares - 1,950,000,000 About International Building Technologies Group, Inc. International Building Technologies Group, Inc. and its wholly owned subsidiary, International Building Technologies, Inc., is a manufacturer and developer of light panel technology to be used for residential and commercial businesses, primarily in regions that are at risk of earthquakes and hurricane-like winds. For more information visit http://www.ibtgi.com/index.asp About Ken Yeung-CEO: Zu diesem Thema antworten
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