The qualification of the company was approved by the following institutions: the Ministry of Agriculture, National Development and Reform Commission, Ministry of Finance, Ministry of Commerce, People’s Bank of China, State Administration of Taxation, China Securities Regulatory Commission, and the China Federation of Supply and Marketing Cooperative.

Mr. Liang Yuan, CEO and President of Origin Agritech, said that this title woud have a great role in the long term development of the company. He also noted that some projects assigned by government ministries “expressly state that only ‘Leading Enterprises’ can qualify toward participation.”

 According to Mr. Irving H. Kau, Acting Chief Financial Officer of the company, ” the income tax exemptions may be the most most important policy to these ‘Leading Enterprises’. However, the company will also enjoy preferential policies in plant and building construction, purchase of raw materials, import and export of equipment, among other important benefits. This will certainly contribute to further enhance the company’s competitiveness.”

The treasury management system for PetroChina will also incorporate thousands of its subsidiaries and will enable the management of all its resources under one common platform, representing one of the largest treasury management systems in China.  It is to control the entire process of dynamic management and monitoring and controlling business flow, capital flow and integrated information flow.

This is not the beginning of BVI company’s partnership with PetroChina. In the end of 2009, Pansoft signed contract for software system development with Chinese oil and gas producer.  This contract, worth approximately US$5 million, was the largest for the BVI company.

Company’s CEO David Hallonquist stated in his comments that the website traffic increases are influenced by the high interest to the coverage of the World Cup matches. He also said that, partially due to the soccer fans, they are expecting a “single month milestone of over one million visits” to the sports websites in June or July.

According to company’s announcement, the agreement, valued at more than £128,500, provides extensive branding and advertisement placements for William Hill across company’s websites for English, German and Spanish sports fans, throughout 2010.

As part of the agreement, Play LA Inc. is required to send William Hill a minimum number of new players during the term of the agreement. William Hill is one of twenty-five bookmakers promoted through the websites of the BVI company.

BVI company’s CEO David Hallonquist stated in his comments that the value of this advertising agreement is the largest one for the company. They will continue to earn commissions on the traffic they send to William Hill.

British Virgin Islands-registered and China-based Kingtone Wirelessinfo Solution Holding Ltd., a company developing wireless software and solutions for businesses and government agencies to more efficiently manage their operations, announced the pricing of its public offering of 4,000,000 American Depositary Shares (ADS), representing 4,000,000 ordinary shares of the company. The ADS are offered to the public at $4.00 per share.

The subscribers have a 30-day option to purchase up to an additional 600,000 shares from the company solely to cover over-allotments.

The closing of the public offering is expected to be on May 19, 2010. The BVI company expects to use net proceeds from the offering for product development, to expand research and development,  for customer relations management systems as well as for working capital purposes.

Roth Capital Partners, LLC is the sole book-running manager and Maxim Group LLC is the co-manager for the public offering of the company.

The British Virgin Islands-registered internet advertising and publishing company Play LA Inc. announced that it has started development of a new website in French that includes sports news. The new website will publish news, comments, player profiles, match odds, statistics and betting tips covering the most popular sports in France.

The CEO of Play LA David Hallonquist stated in his comments that this new development followed their strategy of moving into new markets that are regulating online gaming. Also, when launched, this newest development will increase the network total to twenty websites.

The announcement of the BVI company about the opening of the website followed the decision of France’s National Assembly in favor of legalizing online gambling. France expects to collect about €5 Billion a year of taxes from the gambling industry.

BVi-domiciled EuroTech Holdings Company Limited made an announcement that its wholly owned subsidiary, Shanghai Euro Tech Environmental Engineering Ltd, has recently been awarded a contract US$ 3.2 million worth from a petrochemical industrial park. The contract is for design, supply, installation and commissioning of industrila wastewater treatment system in Guangxi, China.

The Chairman and CEO of the BVI company Mr. T.C. Leung said in his comments that the company is on its way “to recover gradually from the global financial crisis which hit quite a number of companies badly in China in 2009,” and is to sign more contracts in 2010.

We also believe that our hard work in 2009 has paved way for more contracts to be materialized in 2010 for our group of companies.”

British Virgin Islands-registered Pansoft Company Limited, which is a leading software and professional services provider for the oil and gas industry in China, announced that it has co-founded the China Overseas Listed Corporations Association  and will serve as the Vice Chairman of this organization.

China Overseas Listed Corporations Association was established on March 7, 2010 with the following purposes: to promote and lobby for favorable policies for overseas listed corporations, to safeguard the rights of association members, to research and monitor capital markets activities, to co-operate with domestic and overseas institutions and professional service providers.

Play LA Inc., internet advertising and publishing company working in the online and mobile gaming industry and having its registered address in the British Virgin Islands, made an announcement about the acquisition of UK football fan website www.arsenal-mania.com. Arsenal-Mania is one of the most popular websites for fans of Arsenal FC of the English Premier League, and it attracts over a quarter of a million visitors each month.

Play LA Inc.’s CEO David Hallonquist stated that the acquisition of this website expanded company’s reach to UK and European sports audiences, complementing the existing sports content and increasing advertising inventory to sell to advertisers. In his turn, the owner of Arsenal-Mania Jonathan Chong added that, by joining Play LA, they “get the development, marketing and financial support necessary to take the website to the next phase of growth.”

BVI corporation Origin Agritech Limited made an announcement that it has developed a strategic pesticide business unit for premium branded chemical products. The company expects the product to be marketed into the domestic agricultural market immediately, already for the 2010 selling season. This branded product is to be sold at a premium to other non-branded products in the current Chinese marketplace and will work in conjunction with Origin’s pesticide portfolio, which is currently in regulatory approval phases.

Liang Yuan, BVI corporation’s President and CEO, said in his comments that this strategic business unit development continues their goal to become the dominant agricultural solutions provider.

Currently pesticide market in China is an industry worth about 90 billion RMB. Origin’s pesticide products are contract produced by one of the highest quality producers in China.