HARBIN, China, Aug. 12, 2011 /PRNewswire-Asia-FirstCall/ -- Rodobo International, Inc. ("Rodobo", or the "Company") (OTC Bulletin Board: RDBO), a fast growing producer and distributor of high-quality formula milk powder for infants, children, the middle aged and the elderly, today announced that it has received the online publicity ("Publicity") of the new production license which the Company received in March, 2011. The Company has also resumed production at its facilities in Harbin and Inner Mongolia.
As previous announced, during the period between receiving our new production license and the Publicity, we were notified of an incident where a third party distributor sold our products in violation of our explicit instructions and certain food safety standards. As a precaution, The General Administration of Quality Supervision, Inspection and Quarantine of the PRC ("AQSIQ") decided to delay our Publicity until the police investigation was closed. After further investigation, the local police and AQSIQ determined that there was no direct link between our company and the third party's illegal activities, and that our products are safe. Thereafter, we received the publicity through our continuous efforts on communicating with AQSIQ and other related governmental departments on August 11, 2011. From now on, our consumers, distributors and investors can verify our new production licenses on the Heilongjiang Bureau of Quality and Technical Supervision (or "HBQTS", provincial subsidiary of AQSIQ) official website at (http://www.hljqts.gov.cn/sp/ggllm/gzdt/201103/t45663.htm), where an attached excel file can be downloaded which lists all companies whose new production licenses acquired publicity including Harbin Rodobo Dairy Co., Ltd (No. 18 at the bottom of the list), our operating subsidiary and its two production license numbers of QS2300 0502 0064 and QS2300 0501 0436 for infant formula milk powder product and dairy products, respectively.
"I'm pleased to see that we eventually received the online publicity issued by AQSIQ, which means that Rododo's product quality has been officially recognized by Chinese food safety authority. We initially expected that we could complete the publicity within one month following the last press release. However, it has taken longer as the Chinese government has been scrutinizing the food industry since 2010. We completely understand and respect AQSIQ's prudence and thoroughness before approving our publicity." stated Mr. Yanbin Wang, Chairman and Chief Executive Officer. "As a result of the delay, our production was significantly impacted in the past month. We ceased production in June due to the reduction of sales orders. We usually plan our production according to the sales order we receive because of the limited shelf life of milk powder products. Now that we have received the Publicity, we can resume our production. We will gradually recover our sales channels and rebuild our brand image in the fourth quarter of 2011 through a series of promotional activities. We believe that this adverse impact will be temporary and we are confident that Rodobo can be back to its normal track soon. We appreciate our investors', consumers' and distributors' loyalty to Rodobo during the past two months, and we will preserve the trust of the investors and our customers in the future by continuing to provide Rodobo's high quality and nutritious milk powder products to our customers."
About Rodobo International, Inc.:
Rodobo International, Inc. is a producer and distributor of powdered milk formula products in the People's Republic of China ("China"). The Company's target consumers include infants, children, the middle-aged and the elderly in China. The Company's products for infants and children are currently sold under the brand names of "Rodobo" and "Peer", and its products for middle-aged and elderly consumers are currently sold under the brand name of "Healif".
Forward Looking Statements
Certain statements in this release and other written or oral statements made by or on behalf of the Company are "forward looking statements" within the meaning of the U.S. federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The forward-looking statements are subject to a number of risks and uncertainties including market acceptance of the Company's services and products and the Company's continued access to capital and other risks and uncertainties. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements.
No Offer or Solicitation
This release is for informational purposes only and does not constitute an offer, or invitation, or solicitation of an offer, to subscribe for or purchase any securities of the Company.
For more information, please contact:
Rodobo International, Inc.
Rodobo International, Inc.
SOURCE Rodobo International, Inc.
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