SALT LAKE CITY, Aug. 24, 2016 /PRNewswire/ -- ALPINE AUTO BROKERS, INC. (OTCQB: ALTB), a Nevada corporation, is pleased to announce that it amended its Articles of Incorporation with the State of Nevada in order to (i) change its name to "Balincan International Inc." and (ii) effectuate a ten for one forward stock split and to increase the authorized shares of common stock from 100,000,000 to 1,000,000,000 (the "Amendments"). The board of directors of the Company approved the Amendments on June 20, 2016. The shareholders of the Company approved of the Amendments by written consent on June 20, 2016. The Amendments became effective on July 13, 2016. The Company is awaiting approval from FINRA. Additionally, on July 27, 2016, the Company submitted a request with FINRA to change its ticker symbol from "ALTB" to "BALN." The Company is awaiting approval from FINRA.
ALPINE AUTO BROKERS, INC. The Company is currently negotiating with Matthew Pau, a minority shareholder and non-affiliate of the Company, to purchase all of the issued and outstanding equity of BKG International Limited (Formerly known as Getabed Company Limited) ("BKGI"). BKGI was incorporated in Hong Kong on May 16, 2013, by Matthew Pau and four business partners, for the development of a new hostel business in Hong Kong. However, as it failed to obtain a valid hostel license, it ceased business in January 2015. The company had been dormant for about a year. The company changed its name to BKG International Limited on February 29, 2016 and Matthew Pau became the sole owner on July 28, 2016. Through its Hong Kong incorporated wholly owned subsidiary, Max Treasure Holdings Limited, BKGI is setting up a retail shop selling skincare and cosmetic products in Hong Kong with the intention of building it up to be chain of shops targeted at the local consumers, as well as visitors from Mainland China. The shop is positioned in the middle to upper end of the market with products sourced from uprising brands in Korea, Japan and Switzerland. BKGI is in the process of setting up a wholly foreign owned enterprise in China for the development of an online business selling imported consumer goods, including milk powder, organic honey and meat, to satisfy the fast growing demands for safe and healthy food. Sales channels will include the company's own website as well as its own shop on WeChat. Promotion and marketing will be primarily through social media. Currently, it has engaged a sales agent to sell and promote its products through her account on WeChat.
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes", "belief", "expects", "intends", "anticipates", "will", or "plans" to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company's reports and registration statements filed with the Securities and Exchange Commission.
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SOURCE Alpine Auto Brokers, Inc.