SOURCE: ONE Bio, Corp.

April 21, 2011 08:00 ET

ONE Bio Announces Increase in Sales to Japan

Japanese Organic Product Sales Expected to Increase 50% Year-Over-Year to $5.3 Million in Fiscal 2011

MIAMI, FL--(Marketwire - Apr 21, 2011) - ONE Bio, Corp. ("ONE" or the "Company") (OTCBB: ONBI), an innovative company utilizing green process manufacturing to produce raw chemicals and herbal extracts, natural and health supplements and organic products, today announced that year-to-date sales of its organic food products in Japan have increased by 50% as compared to the same period a year ago.

The sales growth was directly attributable to an increased demand for food, specifically high-quality organic food products, following the recent earthquakes and tsunami experienced by Japan. In response to the rising demand, the Company has increased its production capacity for its precooked organic bamboo and vegetable products.

The Japanese market for organic food and drinks is the largest in the Asia-Pacific region, and Japan is currently the Company's strongest export market, accounting for 30% of ONE's organic product sales. During the fourth quarter of 2010, the Company added new distributors in Japan and expanded its lineup of organic bamboo and vegetable products for Kobe Bussan Supermarkets, one of Japan's biggest supermarket chains. More recently, the Company signed distribution agreements with Toyo Food Trading Company Ltd. and Sanyo Trading Company Ltd., two major Japanese trading companies. ONE expects its organic product sales to Japan to increase to $5.3 million for the fiscal year ending December 31, 2011, an increase of 50% compared to $3.5 million in 2010.

"We have seen a significant increase in our organic product sales to Japan since the earthquakes and tsunami. We have advised our Japanese retailers and distributors that we have increased our manufacturing capacity to accommodate their needs and fulfill all their orders," stated Marius Silvasan, ONE's CEO. "Japanese consumers are very conscientious of the quality of their food, and our products fill that need."

About ONE Bio, Corp.
ONE Bio, Corp. ("ONE") (OTCBB: ONBI) (www.onehcorp.com), headquartered in Miami, FL, is an innovative company utilizing patented green process manufacturing to produce raw chemicals and herbal extracts, natural supplements and organic products. ONE is focused on the Asia-Pacific region and the United States. Key products include widely recognized Solanesol, CoQ10, Resveratrol and 5-HTP, organic fertilizers, and organic bamboo health food and beverages. ONE has experienced solid organic growth driven by a robust demand for its products in China, Japan and the United States.

This press release includes statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). ONE Bio, Corp. claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act. These forward-looking statements are often characterized by the terms "may," "believes," "projects," "expects," or "anticipates," and do not reflect historical facts. Specific forward-looking statements contained in this press release include, but are not limited to: our successful integration of diversified growth companies, impact of the company's expansion plan, and new business development success, future financial results, development and acquisition of new product lines and services, the impact of competitive products or pricing from technological changes, the effect of economic conditions and other uncertainties. The forward-looking statements contained herein involve risks and uncertainties that could cause actual results to differ materially from the expectations contained in any such forward-looking statements. These risks include, but are not limited to: failure to manage operating expenses or integrate new companies and/or technologies, each of which could have a material impact on our business, our financial results, and the company's stock price. These risks and other factors are detailed in the Company's regular filings with the U.S. Securities and Exchange Commission. Most of these factors are difficult to predict accurately and are generally beyond the Company's control. Forward-looking statements speak only as to the date they are made and ONE Bio, Corp. does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

Contact Information

  • Company Contact:
    Jeanne Chan
    Senior VP
    Tel: +888.676.4445
    Email: jchan@onehcorp.com

    Investor Relations Contact:
    Investor Relations & Corporate Communications
    Tel: 888-676-4445
    Email: ir@onehcorp.com

    Dave Gentry
    U.S.
    RedChip Companies, Inc.
    Tel: +1-800-733-2447, Ext. 104
    Email: info@redchip.com