KENOSHA, Wis., April 24 /PRNewswire/ — Pacific Rim Foods Ltd (“PRF”) announces that it has completed an initial strategic investment in Mach One Corporation (“MACH”) (Pink Sheets: MNCN). The proceeds will be used by MACH to complete certain SEC filings and assist in the process of MACH’s move to trading on the OTCBB. PRF and MACH will jointly explore the opportunity to expand certain MACH technology into the expanding dairy industry in China.
About Pacific Rim Foods Ltd:
Through its non-consolidated subsidiary Jilin Jimei Foods Ltd. (www.jimeifoods.com.cn) the company specializes in growing, canning and marketing the first sweet corn brand in China. The successful operation of its agricultural and processing business has allowed Pacific Rim Foods Ltd. to enter the growing China food market initially in the corn commodity sector. With over 50 people on the ground in China, Pacific Rim Foods Ltd. through Jilin Jimei Foods Ltd., is positioned to expand its operations into a number of growing markets.
About Mach One Corporation:
Through its wholly-owned subsidiary VDx, Inc. (www.vetdx.biz), the company currently manufactures and sells Immunogam (TM), a colostrums replacement, supplement and prophylactic, in sterile powder form, which can be administered orally or intravenously. VDx is also further developing a proprietary procedure to allow for large scale manufacturing of colostral replacement products for market that includes an added ingredient for elimination of mastitis and Johnnes disease.
The IgG replacement market is estimated at 1.1 billion dollars per year.
First Global Securities Inc of Pasadena, Ca. acted as Investment Banker for Pacific Rim Foods Ltd. First Global CEO Noble Trenham commenting on the initial investment said, “We look forward to working with Pacific Rim Foods Ltd. and Mach One Corporation to execute their global vision in this important health sciences sector.” First Global Securities has been successful in assisting Pacific Rim Foods Ltd. in raising $2.0 million in equity during the last 12 months to capitalize its China food vision.
Source: Pacific Rim Foods Ltd