12:01 PM EST - China One Corp. : said it has signed a number of additional contracts in China to develop dairy farms at various locations in China. The contracts are between China One, operating as IND DairyTech Ltd., and a variety of strategic third parties. A series of new cooperation agreements, entered into since the last quarter of 2008, cover five farms. Total commitments for cows to be delivered in 2009 under these new agreements are approximately 11,000 cows. China One's contractual partners have also agreed to provide China One with, or assist the company in obtaining, term loans for working capital as Canadian Holsteins are delivered to the farms. Under one of the contracts with Meishan City, China One is to deliver 2,000 cows by the end of 2009 and another 3,000 cows by the end of 2011. Under another contract with Lingbao City, the Company is to deliver 3,500 cows by the end of 2009 and another 2,500 cows by the end of 2011. China One Corp.
shares V.IND are trading even at $0.22.
