On November 13, 2008 World Trophy Outfitters, Inc announced that it has completed a Share Exchange transaction with Chingxing Chisen Electric Co., Limited ("Chisen"), located in Changxing Economic Development Zone, Changxing, Zhejiang Province, The People's Republic of China (The PRC)
Chisen, founded in 2002, has grown to become one of the largest lead-acid motive battery producers in China with more than 1500 employees -- including some of the leading scientists in the field -- and sales of more than 5.5 million batteries per year. Customers for these products primarily are the growing number of eco-conscious riders of electric bicycles in the PRC, who prefer this convenient mode of "green" personal transportation. Chisen's "green" batteries, a designation they received at this past summer's Olympic Games, currently permit driving ranges of from 45 to 70 kilometers, with a wide range of power, and can run for up to 145 minutes after charging for about 10 hours. Chisen has in place a strong R&D operation, and has developed long-term strategic cooperation agreements with many of China's leading electric bicycle manufacturers.
Reverse Merger Filing
