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| | Business Summary: ONE Bio Corp., a bio-engineering company, through its subsidiaries, utilizes green process manufacturing to produce raw chemicals and herbal extracts, natural supplements, and organic products in the Asia Pacific region. | | | Address 19950 West Country Club Drive, Suite 100
Aventura
, FL 33180
Phone: 877-544-2288
Website: http://www.onehcorp.com
| | Auditor |
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Jewett, Schwartz, Wolfe & Associates
| | Transfer Agent |
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American Stock Transfer & Trust Co.
| Employees: 344 ShareHolders: 415 | Founded: 2000 Domicile: Florida | | | |
| | ONE Bio Corp., a bio-engineering company, through its subsidiaries, utilizes green process manufacturing to produce raw chemicals and herbal extracts, natural supplements, and organic products in the Asia Pacific region. It engages in the research and development, production, and sale of various extracts from tobacco leaves residues destined for health supplements and organic agricultural products. The company offers a range of bio-ecological products, which include raw chemical materials, such as CoQ10 and Solanesol, Resveratrol and 5-HTP, organic fertilizers and pesticides, and organic health nutrients and supplements. It also involves in the production of consumer and commercial use health and energy drinks, organic food products, and fertilizers primarily based on bamboo. The company sells its products through a network of independent third party distributors, as well as directly to supermarket chains, hotels, hospitals, and restaurants. ONE Bio Corp. holds bamboo land contracts of approximately 6,635 acres in Fujian Province, China. The company was formerly known as ONE Holdings, Corp. and changed its name to ONE Bio Corp. in November 2009. The company is headquartered in Aventura, Florida. | | History: INCORPORATED in Florida June 30, 2000, as Contracted Services, Inc.; name changed to ONE Holdings, Corp. June 8, 2009; and to ONE Bio, Corp. Oct. 26, 2009.
July 22, 2009, acquired 83% control of Green Planet Bioengineering Co., Ltd. The company paid the stockholders of Green Planet through a combination of cash and an aggregate of 22,265,613 Common shares. Green Planet was incorporated in Delaware on Oct. 30, 2006.
September 3, 2009, acquired from the stockholders of Trade Finance Solutions Inc. 3,990 shares representing 99.75% of the stockholders' Common shares owned in Trade Finance Solutions.
September 27, 2009, completed the purchase of 83.3% of Supreme Discovery Group Limited and subsequently increased its ownership of Supreme to 98%. | | | | Subsidiaries: |
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Fujian United Bamboo Technology Company Ltd. Green Planet Bioengineering Co., Ltd. Supreme Discovery Group Limited Trade Finance Solutions Inc. United Green Technology Inc.
| | | | | | Capital Expenditures, thousand. US Dollars |
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| Year | Amount | | 2009 | 845 |
| | | | Research and Development Expenditures, thousand. US Dollars |
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| Year | Amount | | 2009 | 378 |
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Management
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| Officers | Position |
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| Michael S. Weingarten | Chairman | | Marius Silvasan | President, Vice Chairman & Chief Executive Officer | | Cris Neely | Treasurer, Chief Financial Officer & Chief Accounting Officer | | Jerold Siegan | General Counsel | | Jian Ming Chan | Chief Scientific Officer | | Jeanne Chan | SR VP & Investor Relations Contact |
| | Directors |
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| Qingsheng Fan | | James Fernandes | | Frank Klees | | Jan E. Koe | | Cris Neely | | John Perkins | | Jerold Siegan | | Marius Silvasan | | Michael S. Weingarten | | Min Zhao | | | |
| | | | Capitalization as of 12/31/2009: | | | | | Authorized Shares | Outstanding Shares |
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| Preferred $0.001 par | 10,000,000 | None | | Common $0.001 par | 150,000,000 | 29,171,990 |
| | | | LONG TERM DEBT: $4,215,855. | | | | Common $0.001 par | | | |
Stockholders:
02/01/2010,
415.
| | PRINCIPAL STOCKHOLDERS: December 31, 2009, ONE-V Group LLC owned or controlled about 31% of the Common, and Michael Weingarten 19%. | | | |
Transfer Agent: American Stock Transfer & Trust Co.
New York
, NY | | | | OTC Bulletin Board( Primary): ONBI | | | | Exchange | Year | High | Low |
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| OTC Bulletin Board | 2009 | 6.5500 | 6.0000 |
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| | | | RECENT DIVIDENDS: Common $0.001 par: No cash.
Common reverse split 1-for-5, Nov. 17, 2009. | | | | | |
| | Annual Report |
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| | | Income Statement | |
| 2009 | 2008 |
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| REVENUES |
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| | Revenues | 22,073,220 | 10,401,530 | | EXPENSES |
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| | Cost of Sales | (12,089,030) | (3,939,610) | | Selling and Marketing Expenses | (1,035,949) | (247,991) | | General and Administrative Expenses | (1,110,991) | (1,117,729) | | Research and Development Expenses | (378,497) | (444,404) | | Interest Income | 36,633 | 14,141 | | Other Income | 147,236 | 59,095 | | Interest and Financing Expenses | (230,340) | (151,814) | | Earnings before Taxes | 7,412,282 | 4,573,218 | | TAXES AND OTHER EXPENSES |
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| | Provision for Income Tax | (2,027,309) | (1,222,919) | | Minority Interest (After Tax) | (612,159) | - | | Net Income (Loss) | 4,772,814 | 3,350,299 | | SUPPLEMENTARY INFO |
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| | Gross Profit/loss | 9,984,190.00 | 6,461,920.00 | | Operating Income (Loss) | 7,458,753.00 | 4,651,796.00 | | Basic EPS - Continuing Operations | 0.16 | 0.24 | | Diluted EPS - Continuing Operations | 0.14 | 0.22 |
| | | | Balance Sheet | |
| 2009 | 2008 |
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| CURRENT ASSETS |
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| | Cash and Cash Equivalents | 4,928,968 | 665,568 | | Receivables | 12,006,580 | 4,429,887 | | Loans Receivable | 4,223,863 | - | | Inventory | 2,976,031 | 431,569 | | Prepaid Expenses | 3,382,882 | - | | Total Current Assets | 27,518,330 | 5,527,024 | | NON CURRENT ASSETS |
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| | Property, Plant and Equipment, Net | 5,557,911 | 3,144,067 | | Goodwill | 3,974,908 | - | | Land Use Rights | 1,106,056 | 7,841,214 | | Intangible Assets | 682,058 | 159,159 | | Deposits for Acquisition of Intangible Assets | 161,151 | 161,370 | | Other Assets | 15,633,440 | 8,977 | | Total Assets | 54,633,850 | 16,841,810 | | CURRENT LIABILITIES |
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| | Accounts Payable and Accrued Liabilities | 4,331,973 | 2,278,571 | | Loan Payable, Current Portion | 12,868,800 | 161,505 | | Deferred Revenue | 62,995 | 63,081 | | Deferred Taxes | (29,192) | - | | Total Current Liabilities | 17,234,570 | 2,503,157 | | NON CURRENT LIABILITIES |
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| | Loan Payable | 4,215,855 | - | | Deferred Taxes | 101,100 | - | | Minority Interest | 3,653,761 | - | | SHAREHOLDERS' EQUITY |
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| | Common Stock - Par Value | 29,172 | 14,422 | | Additional Paid in Capital | 16,197,670 | 5,116,175 | | Statutory Reserves | 1,740,016 | 848,550 | | Retained Earnings | 9,965,874 | 6,883,348 | | Accumulated Other Comprehensive Income | 1,495,835 | 1,476,159 | | Total Shareholders Equity | 29,428,560 | 14,338,650 | | Total Liabilities & Shareholders Equity | 54,633,850 | 16,841,810 |
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| | Interim Report
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| | | Data Not Available | | | | | | | | | |
| | Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
| | Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | 11,160,000 | | 2009 |
1 | 10,000 | | 2009 |
3 | 4,160,000 | | 2009 |
4 | 13,450,000 | | 2009 |
Full Year
| 22,070,000 | | 2008 |
1 | 30,000 | | 2008 |
2 | 10,000 | | 2008 |
4 | 40,000 | | 2008 |
Full Year
| 10,500,000 | | 2007 |
1 | 30,000 | | 2007 |
2 | 30,000 | | 2007 |
3 | 60,000 | | 2007 |
4 | 10,000 | | 2007 |
Full Year
| 140,000 | | 2006 |
1 | 30,000 | | 2006 |
2 | 30,000 | | 2006 |
3 | 70,000 | | 2006 |
4 | 80,000 | | 2006 |
Full Year
| 210,000 | | 2005 |
4 | 20,000 | | 2005 |
Full Year
| 160,000 |
| | | | | | Quarterly Net Income, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | Nil | | 2009 |
3 | Nil | | 2009 |
4 | Nil | | 2009 |
Full Year
| 4,770,000 | | 2008 |
Full Year
| (40,000) | | 2007 |
Full Year
| (30,000) | | 2005 |
Full Year
| 20,000 |
| | | | | | Quarterly EPS, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | .05 | | 2009 |
1 | Nil | | 2009 |
2 | Nil | | 2009 |
3 | .01 | | 2009 |
4 | .09 | | 2009 |
Full Year
| .14 | | 2008 |
1 | Nil | | 2008 |
2 | Nil | | 2008 |
3 | Nil | | 2008 |
4 | Nil | | 2008 |
Full Year
| .15 | | 2007 |
1 | Nil | | 2007 |
2 | Nil | | 2007 |
3 | Nil | | 2007 |
4 | Nil | | 2007 |
Full Year
| Nil | | 2006 |
2 | Nil | | 2006 |
3 | Nil | | 2006 |
4 | Nil | | 2006 |
Full Year
| Nil | | 2005 |
4 | Nil | | 2005 |
Full Year
| Nil |
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