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ONE Bio Corp. (ONBI.OB) Inks Strategic Distribution Deal to Extend Market Reach

ONE Bio Corp., a green manufacturer of raw chemicals and herbal extracts, natural and health supplements and organic products, today announced that its subsidiary Green Planet Bioengineering Co. Ltd. has signed a distribution agreement with P&G Ingredient LLC, producer and distributor of botanical and chemical extracts.

The agreement includes pre-orders for ONE Bio’s raw extracts, including resveratrol, stevia leaf powder, 5-HTP, polygonum extract and spirulina powder, and is in line with the company’s expansion efforts throughout the U.S., China and Japan.

“This agreement is an important part of our strategy to expand distribution of our highly sought-after raw chemicals and herbal extracts in the United States,” ONE Bio CEO Marius Silvasan stated in the press release. “Our sales strategy for 2011 is focused on expanding our distribution in three key markets: the U.S., China and Japan. The New Jersey/New York region is a strategic entry point in the U.S., as it has the largest concentration of botanical extract and ingredient distributors in the nation. New Jersey is also home to five foreign-trade zones that allow companies involved in international trade to cut, delay or eliminate customs charges, which will increase the competitiveness of our products.”

Silvasan noted the company’s positive performance in Asia, and the growing demand for healthy products in the United States.

“We have achieved much success in China and Japan and are well positioned for aggressive U.S. expansion this year. In our aging society, a growing number of American consumers are seeking to maintain a healthy lifestyle focused on alternative medicines and preventative care. These key factors will continue to drive increased sales of nutraceutical and health-related products, including organic food products,” Silvasan stated. “For the first nine months of 2010, 25 percent of our revenue was derived outside of China. We expect sales outside of China to account for a greater percentage of our total revenue in 2011 as we expand our business in the U.S.”

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