China-Biotics Appoints Mr. Henry Tai as Vice President of Corporate Development.Brings 20-plus Years of Corporate Finance Experience to the Company SHANGHAI, China -- China-Biotics, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CHBT), one of China's largest producers of probiotic pro·bi·ot·ic n. A dietary supplement containing live bacteria or yeast that supplements normal gastrointestinal flora, given especially after depletion of flora caused by infection or ingestion of an antibiotic drug. products and food supplements that benefit and improve the microbial microbial pertaining to or emanating from a microbe. microbial digestion the breakdown of organic material, especially feedstuffs, by microbial organisms. balance in the human body, announced that Mr. Henry Tai has been appointed to the newly created position of Vice President of Corporate Development. Mr. Tai's career includes over 20 years of experience in direct investments, corporate finance, and auditing in the UK, Australia, Hong Kong, and China. Mr. Tai previously served at UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System Capital Asia Pacific doing buy out transactions. Prior to UBS, Mr. Tai was the Vice President of the direct investment division of the Search group, a private investment company. Before joining Search, Mr. Tai was director of DBS (Direct Broadcast Satellite) A one-way TV broadcast service from a communications satellite to a small round or oval dish antenna no larger than 20" in diameter. Asia Capital (formerly Pru-Asia DBS), an investment bank, where he advised on mergers and acquisitions transactions. Mr. Tai had held positions with KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen and is an associate member of the Institute of Chartered Accountants of England and Wales England and Wales are both constituent countries of the United Kingdom, that together share a single legal system: English law. Legislatively, England and Wales are treated as a single unit (see State (law)) for the conflict of laws. . "We are very pleased to have Mr. Tai join our Company. His extensive experience in corporate finance, investment banking, and the capital markets will be a strong contribution to our organization as we being to implement our new growth initiatives. In addition, Mr. Tai will help to facilitate our integration into the US public efforts," stated Mr. Song Jin An, China-Biotics' Chairman and Chief Executive Officer. About China-Biotics Based in Shanghai, China-Biotics is an emerging leader in the research, development, production, marketing and distribution of probiotics Probiotics Bacteria that are beneficial to a person's health, either through protecting the body against pathogenic bacteria or assisting in recovery from an illness. Mentioned in: Colonic Irrigation, Dysentery, Gastroenteritis products in the People's Republic of China. Probiotics products contain live microbial food supplements which beneficially affect the host by improving its intestinal microbial balance. Currently, the Company produces and distributes proprietary probiotics, which are approved by the Ministry of Health in China and have been tested by the Shanghai Preventive Medicine Research Institute. For more information, visit the Company's website at www.shiningbt.com. Statements herein concerning the Company's plans, growth and strategies may include 'forward-looking statements' within the context of the federal securities laws. Statements regarding the Company's future events, developments and future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements within the meaning of these laws. The Company's actual results may differ materially from those suggested as a result of various factors. Interested parties should refer to the disclosure concerning the operational and business concerns of the Company set forth in the Company's filings with the Securities and Exchange Commission. |
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