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On September 17, 2007, we invested $332,446 in a privately held PRC Company, Ningbo Bulk Commodities Exchange Corporation Limited ("NBBCE"), for a 25% equity interest through BFHX. NBBCE is engaged in providing logistical e-commerce service but it has not commenced operations since its date of incorporation.
The Ningbo large amount commodity electron transaction center limited company (hereafter refers to as this center), is established in September, 2007, by elegant Gore international trade transportation limited company, center Chu Wuliu when on-line limited liability company, Beijing enterprise and so on strength China letter science and technology limited company invests together, mainly is engaged in the large amount commodity electron transaction and the correlation necessary service. Website: Www.nb-ex.com This center based on as well as to develops the electronic commerce profound significance rational knowledge to the large amount commodity present situation profound understanding, the reference country "Large amount Commodity Electron Transaction Standard", follows "publicly, fair, fair" the principle, the union large amount commodity market characteristic, synchronization promotes the large amount commodity spot transaction, the forward transaction and so on the many kinds of nimble transactions pattern, for the large amount commodity production, the circulation, the expense enterprise provides the renewal, is simpler, the more effective cargo buying and selling circulation channel, speeds up the turnover of capital, enhances the transaction efficiency, reduces the correlation enterprise the cost of operation. The center will base East China, serves the nation, will devote standard to make, the safe large amount commodity electron transaction center, the authority, the objective price information center, high quality, the convenient thing will flow the service center.