CortDev, Inc. Finalizes Acquisition of Botaniex Inc.HOUSTON -- CortDev, Inc. (Pink Sheets:CDVJ), today announced that it has completed its acquisition of Botaniex Inc., a China-based herbal herbal, early botanical book containing descriptions and illustrations of herbs and plants with their properties, chiefly those qualities that made them useful as medicines or condiments. Most of the herbals were written between c.1470 and c. products manufacturer. CortDev Inc. has acquired 100% of the outstanding shares and assets of Botaniex Inc. in exchange for a majority interest in CDVJ. In a special meeting of the Board of Directors of CortDev Inc., it was resolved that effective April 15, 2005 the corporate name shall be changed to Botaniex, Inc. In conjunction with the name change, CortDev Inc. will be assigned a new trading symbol Trading symbol See: Ticker symbol and CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. identification number for its common stock. A spokesperson from the Company stated, "The name change represents a new corporate identity which focuses on the herbal products and pharmaceutical industry. The new corporate name will better reflect the Company's direction and objectives to become a major player in the $19 billion Global Botanical/Herbal Dietary Supplements Noun 1. dietary supplement - something added to complete a diet or to make up for a dietary deficiency diet - a prescribed selection of foods vitamin pill - a pill containing one or more vitamins; taken as a dietary supplement Industry." Botaniex is an international, export-oriented manufacturing company with over 90% of its customers located overseas. Botaniex Inc. is pleased to announce that it has secured the services of a digital marketing firm to enhance its corporate website. In addition, the Company has decided to develop a Chinese version of its website with a view to expanding its presence in the domestic market. About Botaniex Inc. Botaniex Inc. is a leading manufacturer of botanical bo·tan·i·cal also bo·tan·ic adj. 1. Of or relating to plants or plant life. 2. Of or relating to the science of botany. n. extracts in China, serving the industries of dietary supplements, functional beverage, functional foods, cosmetic/personal care and pharmaceuticals. The Company's product line is broad, ranging from tea extracts and essential oils to other herbal extracts Herbal extract is a liquid solution of herbs and alcohol. The dried or fresh herbs are combined with alcohol, then the solid matter is removed leaving only the oils of the herbs mixed with the alcohol. This process is called extraction, hence the name, herbal extract. . Botaniex not only provides customized ingredients, but also offers value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. for its customers and/or business partners. The Company is in the process of expanding its operations, including its client and asset-base, in Asia and overseas. Botaniex's goal is to become a major player in the multi-billion dollar global herbal products industry. For further information visit the Corporate website at www.botaniex.com. For more information please contact current CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , until the completion of the name change, Andrea Cortellazzi at 514-288-9699. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission. |
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