Rotoblock
Rotoblock is focused on the development and manufacturing of advanced technology, energy efficient and environmental equipment in China for distribution worldwide
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Rotoblock completes OTC entry, will benefit from China growth
Rotoblock Corp said it has completed a one-for-fifty reverse share split and has registered under the new trading symbol RTBC on the OTC Bulletin Board.
Chief executive officer Chien Chih Liu said in a statement that recent action was timed to capitalize on economic growth in China, citing Beijing Wall Street Journal figures that claim China's economy grew at a rate of 7.9 percent between April and June, up from 6.1 percent in the first quarter.
Rotoblock is focused on the developing and manufacturing advanced technology, energy efficient and environmental equipment in China for distribution worldwide. The company was incorporated in Nevada and is headquartered in Santa Rosa, California.
"We have been nurturing our business contacts in China over the past year through the worst recession in decades and with these positive economic signs I feel the time is right to move forward," said Liu.
"The market is valued much more realistically now and while it has been challenging for some companies it has been an opportunity for Rotoblock. The plans we made last year are benefiting from these changes. It truly is a good time for investing in China," he added.
