ONE Bio Announces Increase in Sales to Japan
April 21 2011 - 7:00AM
Marketwired
ONE Bio, Corp. ("ONE" or the "Company") (OTCBB: ONBI), an
innovative company utilizing green process manufacturing to produce
raw chemicals and herbal extracts, natural and health supplements
and organic products, today announced that year-to-date sales of
its organic food products in Japan have increased by 50% as
compared to the same period a year ago.
The sales growth was directly attributable to an increased
demand for food, specifically high-quality organic food products,
following the recent earthquakes and tsunami experienced by Japan.
In response to the rising demand, the Company has increased its
production capacity for its precooked organic bamboo and vegetable
products.
The Japanese market for organic food and drinks is the largest
in the Asia-Pacific region, and Japan is currently the Company's
strongest export market, accounting for 30% of ONE's organic
product sales. During the fourth quarter of 2010, the Company added
new distributors in Japan and expanded its lineup of organic bamboo
and vegetable products for Kobe Bussan Supermarkets, one of Japan's
biggest supermarket chains. More recently, the Company signed
distribution agreements with Toyo Food Trading Company Ltd. and
Sanyo Trading Company Ltd., two major Japanese trading companies.
ONE expects its organic product sales to Japan to increase to $5.3
million for the fiscal year ending December 31, 2011, an increase
of 50% compared to $3.5 million in 2010.
"We have seen a significant increase in our organic product
sales to Japan since the earthquakes and tsunami. We have advised
our Japanese retailers and distributors that we have increased our
manufacturing capacity to accommodate their needs and fulfill all
their orders," stated Marius Silvasan, ONE's CEO. "Japanese
consumers are very conscientious of the quality of their food, and
our products fill that need."
About ONE Bio, Corp. ONE Bio, Corp. ("ONE") (OTCBB: ONBI)
(www.onehcorp.com), headquartered in Miami, FL, is an innovative
company utilizing patented green process manufacturing to produce
raw chemicals and herbal extracts, natural supplements and organic
products. ONE is focused on the Asia-Pacific region and the United
States. Key products include widely recognized Solanesol, CoQ10,
Resveratrol and 5-HTP, organic fertilizers, and organic bamboo
health food and beverages. ONE has experienced solid organic growth
driven by a robust demand for its products in China, Japan and the
United States.
This press release includes statements that constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995 (the "Reform Act"). ONE
Bio, Corp. claims the protection of the safe-harbor for
forward-looking statements contained in the Reform Act. These
forward-looking statements are often characterized by the terms
"may," "believes," "projects," "expects," or "anticipates," and do
not reflect historical facts. Specific forward-looking statements
contained in this press release include, but are not limited to:
our successful integration of diversified growth companies, impact
of the company's expansion plan, and new business development
success, future financial results, development and acquisition of
new product lines and services, the impact of competitive products
or pricing from technological changes, the effect of economic
conditions and other uncertainties. The forward-looking statements
contained herein involve risks and uncertainties that could cause
actual results to differ materially from the expectations contained
in any such forward-looking statements. These risks include, but
are not limited to: failure to manage operating expenses or
integrate new companies and/or technologies, each of which could
have a material impact on our business, our financial results, and
the company's stock price. These risks and other factors are
detailed in the Company's regular filings with the U.S. Securities
and Exchange Commission. Most of these factors are difficult to
predict accurately and are generally beyond the Company's control.
Forward-looking statements speak only as to the date they are made
and ONE Bio, Corp. does not undertake to update forward-looking
statements to reflect circumstances or events that occur after the
date the forward-looking statements are made.
Company Contact: Jeanne Chan Senior VP Tel: +888.676.4445 Email:
jchan@onehcorp.com Investor Relations Contact: Investor Relations
& Corporate Communications Tel: 888-676-4445 Email:
ir@onehcorp.com Dave Gentry U.S. RedChip Companies, Inc. Tel:
+1-800-733-2447, Ext. 104 Email: info@redchip.com
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