APWA Receives Chinese Government High-Grade Certificate on Pure Milk Product
As a result of the share exchange transaction, Capital Award's stockholders were issued 32,000,000 shares of APWA's common stock in exchange for 100% of the issued and outstanding shares of Capital Award.
16/11/07 A Power Agro Agriculture Development, Inc., an emerging integrated agriculture technology and organic food company with affiliated companies operating in China, is pleased to announce that its subsidiary, ZhongXing Agriculture and Husbandry Co. Ltd., has received a 100% pure milk high-grade certification from the Agriculture Department of Peoples Republic of China.
After a thorough study and inspection, the Agriculture Department of China has officially certified ZhongXing Agriculture's milk as the best 100% pure milk of the country and ZhongXing Agriculture's fresh milk will be used for the 2008 Olympic Games as one of the approved suppliers. In addition, APWA management expects the PRC government to use ZhongXing Agriculture's milk's quality specification as the benchmark of the quality standard of fresh milk in China. ZhongXing Agriculture's first lot of pre-packed fresh milk was processed through the FengLing Government's R&D Institution and passed the inspection by the Agriculture Department of China in October 2007. Located about 90 km from Beijing, ZhongXing Agriculture Modern Diary and Cattle Farm operates a dairy with 3,500 quality cows and has the capacity to produce over 40 Tons of fresh liquid milk per day.
On August 14, 2007, APWA's predecessor, Volcanic Gold Inc. announced the closing of a share exchange transaction with the stockholders of Capital Award Inc., a Belize corporation. The companies will operate on a consolidated basis, executing upon the current business plan of Capital Award's subsidiary companies located in the PRC.
As a result of the share exchange transaction, Capital Award's stockholders were issued 32,000,000 shares of APWA's common stock in exchange for 100% of the issued and outstanding shares of Capital Award. The shares of common stock received by the stockholders of Capital Award represent approximately 80% of APWA's total issued and outstanding common stock.
As a result of the share exchange transaction, Capital Award has become a wholly-owned subsidiary of APWA; APWA's sole officer resigned and was replaced with Capital Award's officers and APWA's sole director resigned and will be replaced with Capital Award's board of directors subject to compliance with waiting periods imposed by federal securities laws. APWA's shares are traded on the Over-the-Counter Pink Sheet under the symbol "APWA.PK".
