Lotus Bio-Technology Development, Corp. (OTC: LBTD) a Bio-naturals company specializing in exploring for opportunities in the refining of organic materials for the production of consumer related products, announces today the Grand Opening of the Company's new corporate office in China, and the appointment of Michael Palethorpe as the Company's new Chief Executive Officer and President.
Having established a long and proven track record of profitable business building in a wide range of corporate environments, Mr. Palethorpe brings to the Company a diverse range of executive and managerial skills that are expected to strengthen Lotus Bio-Technology as the Company advances toward significant growth and expansion.
Mr. Palethorpe brings to the table a wealth of experience he has acquired over the past nearly three decades. He has founded several successful companies since 1998, including one what in 1999 that developed into a global leader in XML technologies. Also among his accomplishments was also the launch of what came to become the world's second largest mountain bike website, boasting over 20,000 unique users per day in the year 2000, and also served as a Regional Manager of a global education enterprise, doubling participation in the Company's courses in 2004 and 2005. More recently Micheal also managed a sales team that yielded in excess of $1,000,000 annual revenues of Metasoft Systems, Inc. He most recently spent 6 years running a private marketing Company, followed by a 3-year tenure as President and CEO of New Media Insight Group.
In anticipation of the Company's growth strategy, Lotus Bio-Technology has established the corporate office in Yong Zhou City to serve as a headquarters for its daily business activity.
About Lotus Bio-Technology Development Corp.: Lotus Bio-Technology is actively seeking new opportunities in the emerging bio-natural industry in China. Our mandate is to grow various plants under strict organic standards to be refined into various consumer products which are completely natural. The products will strike a balance between affordability and produced from an environmentally responsible manner, void of pesticides, synthetic fertilizers, anti-biotics, growth hormones and any other dangerous chemicals.
Forward Looking Statements: This news release includes "forward looking statements", as that term is defined in Section 27A of the Unites States Securities Act of 1933, as amended, and Section 21E of the United States Exchange Act of 1934, as amended, that are subject to assumptions, risks and uncertainties. Statements in this news release that are not purely historical are forward looking statements, including without limitation any statements concerning the Company's intentions, plans, estimates, expectations or beliefs regarding the future. Although the Company believes that any forward looking statements in this news release are reasonable, there can be no assurance that any such forward looking statements will prove to be accurate. The Company cautions readers that all forward looking statements, including without limitation those relating to the Company's future operations and business prospects, are based on assumptions none of which can be assured, and are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated in the forward looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward looking statements.
Any forward looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward looking statements, or to update the reasons why actual events or results could or do differ from those projected in the forward looking statements. Except as required by law, the Company assumes no obligation to update any forward looking statements, whether as a result of new information, future events or otherwise.