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San West, Inc. (OTCBB: SNWT) $1.15. Announced Tuesday after market close its list of aggressive strategic initiatives aimed at dramatically increasing revenues for the short term fiscal year including the 3rd and 4th Quarter of 2009.
Strategic Initiatives Poised for the Next 12 months:
Increased focus on Buggy World Internet sector, where many competitors are not reaching target markets for buggy and off-road products.
With development of the new website, the company intends to promote itself online through sales, specials and a community forum
Pursuit of additional Buggy World dealership locations for increased market coverage and distribution territory as well as distributorships and industry alliances
Launch of marketing campaign through advertising, social media and increased industry event presence
Increased Buggy World distributorship of large industry brand names and companies such as recent distributorships with Fox Racing and Thor
Promotion of Buggy World repair shop and part sales which research shows is an industry niche as well as a revenue stream that increases during times of decreased expendable income
Added product inventory, such as Redline and Joyner, which appeals to wider range of sports enthusiasts
Key Milestones Achieved During Past 12 months:
Acquisition of Buggy World in October 2008, with reported revenue of $1.6 million for 2007
Merger with Human BioSystems, Inc. making San West a publicly traded company on the OTC Bulletin Board
Increased Buggy World part sales/repair shop income by 35%
Opening of new Buggy World location in Fallbrook, CA, expected to increase revenue by 30%
New Buggy World representation of top rated product lines such as Fox Racing and Thor
Redevelopment of Buggy World website with greater focus on online retail, off-road community and social portal
Awarded exclusive TrophyKart dealership for San Diego County
What They Do: San West designs, manufacturers, sells and repairs off-road buggies, and additionally provides aftermarket performance products and accessories for off-road buggies; products are sold via three divisions: at retail store locations; via the online store and; through its growing dealer network.
Sino Payments (OTCBB: SNPY) $0.225. Announced Tuesday after market close that it has concluded a reseller agreement for credit and debit card ecommerce processing in Asia with eNETS. Sino Payments will utilize eNETS to process ecommerce transactions from its customers in Asia in multiple currencies, including US dollar.
Sino Payments President and CEO Matthew Mecke added, "Our reseller relationship with eNETS will enable Sino Payments to offer ecommerce card processing to our growing merchant base in Asia. eNETS is well established in Singapore, Hong Kong, and China and cooperates with the largest banks in the region. This partnership allows us to utilize the eNETS banking relationship network to provide our merchants with regional ecommerce solutions in addition to our proprietary Sino Pay GPP physical store processing capabilities."
What They Do: Sino Payments proprietary IP transaction processing system (Sino Pay GPP) was designed to convert transaction processing systems from old type dial up point of sale systems connected to sophisticated check out terminals to a modern seamless IP transaction process, thereby reducing credit and debit card transaction processing times by half at checkout.
Sinobiopharma, Inc. (OTCBB: SNBP) $0.229. Announced Tuesday after market close that it has appointed Mr. Xinjie (James) Mu as the new Chief Financial Officer and as a director on the Board. Dr. Lequn Huang resigned as the Chief Financial Officer in order to make room for the appointment of Mr. Mu.
Mr. Mu has more than twelve years experience in the financial field. Most recently, Mr. Mu has been an independent consultant working for China based US public companies. Prior to that, he was a Chief Financial Officer at Jingwei International Limited (OTCBB: JNGW). Prior to that, he served as a senior accountant at Geller and Company in New York City. Mr. Mu is also a Director of China Infrastructure Investment Corporation (Nasdaq: CIIC) since March 2008. Fluent in Mandarin and English, Mr. Mu holds a Bachelor of Science degree from Hebei University of Science and Technology, and a Master of Business Administration from Baruch College at the City University of New York.
What They Do: Sinobiopharma Inc. is a fully integrated and highly innovative biopharmaceutical company engaged in the research and development, manufacture and marketing of biopharmaceutical products in China, the world's fastest growing pharmaceutical market.
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