SOURCE: Apogee Robotics, Inc.

August 26, 2009 16:58 ET

Advanced Swine Genetics Closes Reverse Merger With Apogee Robotics, Inc.

HARBIN, CHINA--(Marketwire - August 26, 2009) - On August 13, 2009, Apogee Robotics, Inc. (OTCBB: APRB) ("APRB") acquired all of the outstanding capital stock of Advanced Swine Genetics, Inc., a Nevada corporation ("ASG"), which owns 100% of the registered capital of Heilongjiang SenYu Animal Husbandry Co., Ltd. ("SenYu"), a company organized under the laws of The People's Republic of China ("PRC"). SenYu is engaged in the business of supplying commercial hogs to the Chinese market, slaughter house facilities and pork distributors in The People's Republic of China. SenYu's hogs are primarily raised by franchisee farmers to whom SenYu sells breeding swine and provides working capital in exchange for the mature swine. In addition to supplying swine, SenYu provides high quality swine breeding semen and equipment, using technology and artificial insemination equipment developed in North America. In 2006, SenYu entered into a joint venture with Canadian Polar Genetics, Inc. Canadian Polar Genetics has assisted SenYu with introducing high quality Canadian breeding swine semen, and advanced artificial insemination equipment to the Chinese market.

Mr. Zhenyu Shang, Board Chairman and CEO of SenYu, stated: "We are now in a position to expand our supply of breeding swine and commercial hogs, pursue additional joint venture projects in North America, and market ourselves to companies that sell finished pork products and desire to move further upstream through acquisition or other forms of cooperation." Mr. Ligang Shang, Director of ASG, said: "We are very pleased with the progress of this transaction, and we are excited to be a publicly traded company. Going public through this merger allows ASG to strengthen its capital, and position itself in China's swine breeding industry." SenYu's brand name has been widely recognized in North China. (http://www.hljsenyu.com)

APRB has filed an 8-K outlining the details of this transaction consistent with U.S. Securities and Exchange Commission (SEC) regulations, which can be viewed on the SEC website.

Forward Looking Statement:

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements. Some of the risks faced by the Company are set forth in its Current Report on Form 8-K filed on August 14, 2009.

Contact Information

  • For further information contact:
    Corporate Contact:
    Ligang Shang
    Chief Executive Officer
    Apogee Robotics, Inc.
    Email: Ligangs@live.com

    Shareholder Contact:
    Jennifer Gu
    Email: Jgu@PrimaryLLC.com