Tritent Int’l Agriculture (UNMK) Announces the Construction of Its Infant Formula Plant
31 Août 2012 - 12:10AM
Business Wire
Tritent Int’l Agriculture, Inc., a Pennsylvania company
registered to conduct business in the States of Iowa and Illinois,
announced the initiation of construction of its infant formula
plant in Cascade, Iowa.
“August 30, 2012 marks an important milestone for Tritent’s
corporate development. Together with the research of business
model, creation of the business plan, site selection and funding
raising, it has taken close to a year to come to this
groundbreaking point,” Nathaniel Hsieh, President of the Company
stated.
According to Mr. Hsieh, the company targets its completion of
the plant by May 2013. Once completed and fully certified, it will
become the 5th infant formula plant in the United States. The
company has reached tentative agreement for the supply of its fresh
milk from Swiss Valley, a Midwest dairy co-op, and is setting up
distribution network in China as its main targeted market.
“We selected Cascade, Iowa for our plant site because it lies at
the center of the Midwest dairy country and its food supply and
processing industries,” Hsieh further stated. The company has just
completed its acquisition of a ten-acre land at the Cascade
Industrial Park. Construction of a 20,000 SF plant is now underway
with 100 ton daily milk processing capacity. Hsieh explained that
this planned capacity will only satisfy up to 3% of China’s growing
need for quality infant formula products.
When inquired about its source of funding, Hsieh stated that
investor immigration at the present time is the company’s main
funding source. “The recent approval of our investor immigration
petition by the United States Immigration and Naturalization
Service is a complete validation of our company’s business and
model in investing in and creating jobs for rural America.”
According to Hsieh, also a practicing attorney in immigration law,
the current U.S. immigration laws permit anyone with immediate
family for immigration, provided a minimum $500,000 is invested in
a rural area and 10 full-time local jobs created.
Tritent Int’l Agriculture, Inc. obtained its public trading
status by its acquisition and merger with Marquis Tech Holdings.
The company currently trades on the OTC Markets as a pink sheet
company, under stock symbol “UNMK.” Its total authorized shares is
1 Billion and its total issued shares is 25 million common
stock.
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