Lotus Bio-Technology Development Corp (OTCMKTS:LBTD) recently entered into a strategic, joint development and marketing deal with HC Biological Technology Co. Limited, to support sales and manage synergistically toward the solidification of the firm’s position in the industry.
The experts speak
Michael Palethorpe, the President of Lotus, reported that this deal is a turning point for the company. The association with HC biological signifies a considerable opportunity to work in partnership with a true breakthrough firm with a similar mission and aligned values. They plan to develop together expediently in producing natural and sustainable consumer related products. The President said that they are a choice associate with strong industry roots that will permit them to accelerate their international sales plan especially at a time when China is about to post a new revolution; the increasing market acceptance of natural friendly products.
Lotus, formerly Starflick.Com, will concentrate on following the refining of organic components to produce natural consumer goods. The firm has not initiated its planned principal businesses. It has been active to set business associations with movie resellers and distributors. The firm’s business strategy has been expanded to look for movie distribution channels in order to advance a subscription-based service for clients to view autonomous filmmaker movies.
When it comes about entering into a new segment, it is best to have a close look at the happenings in that industry. Carolco Pictures Inc (OTCMKTS:CRCO) is delighted to report that its subsidiary unit, High Five Entertainment, in association with Executive Producer Jed Hilly, and Producers Edie Lynn Hoback and Michelle Aquilato , were awarded with prestigious Emmy® award in the Entertainment segment for its production in the Americana Music Honors and Awards. This indicates that it is going to be a tough road ahead for Lotus as it has not posted any revenues from its businesses.