BEIJING, June 4 /Xinhua-PRNewswire-FirstCall/ -- Beijing Baolong Logistics
Company Limited, a China company (the "Company"), confirmed today that any
merger or transfer of assets of the Company to CBL (China Baolong Logistics
Company Limited; "CBL") was never consummated pursuant to Chinese law.
Consequently, the assets and operations of the Company have never been merged
with, or become part of, CBL. According to a press release and filings with
the United States Securities and Exchange Commission, the assets and
operations of the Company were subsequently transferred to, and reported with,
a company now known as Beijing Logistics, Inc. (formerly Best Care, Inc., a
Nevada corporation) (OTC Bulletin Board: BJGLE), which claims to have acquired
such operations and assets through a merger with CBL. The Company has
information that the merger between CBL and Beijing Logistics, Inc. has also
been rescinded and deemed void, ab initio (as if never entered into) on April
29, 2008.
Management of the Company that were reported to be officers or directors
of Beijing Logistics, Inc. have each resigned any position with such company
effective on April 29, 2008, and have no further affiliation or relationship
with Beijing Logistics, Inc. As of April 29, 2008, the officers, directors
and shareholders of the Company have no relation to Best Care or Beijing
Logistics, Inc. As a consequence of the foregoing rescissions, terminations
and resignations, the financial statements of the Company are not the
financial results of Beijing Logistics, Inc., Best Care, Inc. or CBL and
should not be used by investors, shareholders or others in connection with any
evaluation of Beijing Logistics, Inc., Best Care, Inc. or CBL.
The Company continues to operate as a 100% privately-owned Chinese company,
with offices in No. A156, Xi Guo Yuan, Yong Shun Village, Tongzhou District,
Beijing, P.R.China. Company management continues to be employed in China by
the Company, and is not affiliated with or related to Beijing Logistics, Inc.,
Best Care, Inc. or CBL.
For more information, please contact:
Xiang Rong Xie
Tel: +86-10-58017878 x9813
Mobile: +86-13641079916
Email: sidonia007@163.com
SOURCE Beijing Baolong Logistics Company Limited