Lotus Bio-Technology Development Corp. Significantly increases the size of its infrastructure and Farming Operation.
August 17 2017 - 7:25AM
InvestorsHub NewsWire
Lotus Bio-Technology Development
Corp. Significantly increases the size of its Farming
Operation.
Hong Kong, PRC -- August 17, 2017 -- InvestorsHub NewsWire --
Lotus Bio-Technology Development Corp. (LBTD), (the "Company") is
pleased to announce that it has significantly increased the size of
its infrastructure and farming operation.
The local Hunan government and the company have entered
into an Organic Land development agreement that will enable the
company to develop the necessary infrastructure in the area. A
newly acquired large section of land has been prepared for organic
farming by the company while construction of roads, new watering
systems, piping and utility networks has commenced. The total area
of the new development is over 72,000,000 square feet. Upon
completion this will result in approximately a 67% increase in land
owned by the company. This increase in owned land will aid in
continued expansion of projects, increased capital and help with
future developments.
We are obviously pleased with this unprecedented growth that the
company is experiencing as we look to increase sales of our
products stated William Ko President of Lotus
About Lotus Bio-Technology Development Corp. Lotus
Bio-Technology is a Hong Kong based bio-technology development
company that specializes in the refining of organic materials and
the production of natural consumer related products. The Company
has the rights to farmland in China of 1,000 hectares which is
approximately 100 football fields combined. Our mandate is to
grow various plants under strict organic standards and produce
organic based consumer related products which completely
natural. The products will strike a balance between
affordability and produced from an environmentally responsible way
and not be grown with pesticides, synthetic fertilizers,
antibiotics, growth hormones or other dangerous chemicals while
ensuring a solid financial return for our shareholders. The Company
is a publicly traded company having its common shares quoted on the
OTC Markets under the symbol
LBTD.
Cautionary Note Regarding Forward-Looking Statements: This
news release contains forward-looking statements about our business
or financial condition and prospects that reflect our assumptions
and beliefs based on information currently available. We can give
no assurance that the expectations indicated by such
forward-looking statements will be realized. There may be other
risks and circumstances that we are unable to predict. When used in
this news release, words such as "believes," "expects," "intends,"
"plans," "anticipates," "estimates" and similar expressions are
intended to identify forward-looking statements, although there may
be certain forward-looking statements not accompanied by such
expressions. Investors should not place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. The company's actual results could differ materially
from those anticipated in these forward-looking statements as a
result of a variety of factors, including risks discussed in the
company's periodic reports that are filed with the Securities and
Exchange Commission and available on its website (www.sec.gov). All forward-looking statements
attributable to the Company or to persons acting on its behalf are
expressly qualified in their entirety by these factors other than
as required under the securities laws. The Company does not assume
a duty to update these forward-looking statements.
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