Toronto, June 24 - HKBV is pleased to announce that it has began serious talks with Henan Three-swordsmen Milk Company Ltd (3S), a China based company. The dialogue focused on a reverse merger seeing 3S reverse merging into Hat Trick. In summary, 3S was established in 1997. Its annual sales revenue reached 140 million Yuan with a profit of 11 million Yuan.
The largest cattle farm being built in central China plans to hold 5,000 cows, of which an 8,000 square meter cow house and two milking facilities have been completed. The cows here are cultivated with fine frozen essence from the Alta Corporation in Canada. This cattle farm every year will provide 40,000-tons of fresh milk with high-quality for the company. Adding the original 5,000 cows, the company will have 10,000 excellent cows which annually produce 80,000-tons of fresh milk.
Sender Vaiser, CEO of Hat Trick, said, "We see this as a perfect fit moving forward which will allow us to get our foot in the door in China where we can springboard off the milk distribution infrastructure and start penetrating the Chinese markets with our own already established product lines. Our corporate advisors are en route to China and we will update our shareholders and followers shortly."
In other corporate updates, the issuer expects to close Palm Beach coffee shortly. This new China opportunity had temporarily taken priority. The contracts are receiving final reviews by each side's legal advisors, and the issuer expects it to come to fruition shortly.