VT French Services, Inc.
VT French Services, Inc.
Bay Peak 6 Acquisition Corp.
Asia Leechdom Holding Corp.
VT French Services, Inc. (the “Company”) was incorporated in Arizona on September 3, 2004 as a wholly owned subsidiary of Visitalk Capital Corporation (“VCC”). The Company was formed as part of the implementation of the Chapter 11 reorganization plan (the “Visitalk Plan”) of visitalk.com, Inc. (“Visitalk.com”). The Visitalk Plan was deemed effective by the Bankruptcy Court on September 17, 2004 (the “Effective Date”). On September 22, 2004, Visitalk.com was merged into VCC, which was authorized as the reorganized debtor under the Visitalk Plan. The Final Decree closing the Visitalk.com case was entered by the Bankruptcy Court on July 28, 2006.
On August 28, 2008, shareholders authorized adopting the Company’s current name of Bay Peak 6 Acquisition Corp. Also on August 28, 2008, shareholders ratified a one-for-seven reverse stock split (the “Reverse Split”). The Reverse Split did not impact the Plan Warrants. All information and common stock share and per share amounts presented in these financial statements reflect the effect of the Reverse Split and change of domicile.
On July 28, 2008, pursuant to Stock Purchase Agreements (“SPAs”), the Company sold 5,971,898 shares of common stock to two parties unaffiliated with the Company (the “Purchasing Shareholders”) for a total payment of $51,000, or approximately $.008 per share (the “Change of Control Transactions”). On August 29, 2008, the SPAs were approved by the shareholders at a special shareholders’ meeting and all the closing conditions of the SPAs were met. After the Change of Control Transactions, including the impact of the Master Settlement Agreement, these newly issued shares represented 85.5% ownership of the Company. One of the parties, Bay Peak, LLC (“Bay Peak”), has contacts with various companies and individuals in Asia, in particular China. Cory Roberts, the managing member of Bay Peak, was appointed to the Company’s Board of Directors and elected President in conjunction with the Change of Control Transactions.
Asia Leechdom Holding Corp. (“ALHC”) is a producer and distributor of pharmaceutical products including a variety of medical supplies, prescription and over-the-counter, or OTC, drugs in China and abroad. Through our wholly-owned China subsidiary, BOAI Pharm and BOAI Pharm’s wholly-owned subsidiary, BOAI Leechdom, its currently produces 42 medicines and distribute over 7,000 medicines and medical devices. ALHC markets its products through a sales network covering 23 provinces and municipalities in China, including Beijing, Shanghai, Shandong, and Guangdong. It also exports products through agents to customers in North America, Europe and East Asia.
ALHC produces its products at an approximately 37, 000 square foot production facility located in Tianjin, China. It currently operates nine production lines, each serving the following specific product formats: (1) ointment, (2) pill, (3) tablet, (4) syrup, (5) granule, (6) capsule, (7) orally taken liquid, (8) plaster and (9) extract; and further separated into liquid preparations (such as ointment and syrup) and solid preparations (such as tablets, pills and granules). ALHC recently obtained land use rights for another 95,000 square foot of property for construction of an additional production facility in Tianjin and it expects to complete initial phase of construction by August 2011. After the completion and commencement of production at these facilities, it expects that its annual production capacity will increase 8-10 times our current production capacity.
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