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Here ya go, Nexdollar a statement by Nexbis directly implicating...

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    Here ya go, Nexdollar a statement by Nexbis directly implicating CITP as its project partner.

    Excerpt taken from Nexbis 2009 Annual report 2009 (page 41):
    "On 17 November 2008, Nexbis Sdn Bhd signed a Technlonogy Licence Agreement to supply the NexCode security suite for the China National Gas Tank project for China Inspection
    True Product Technology Ltd (CITP) (formerly known as General Administration of Quality Supervision, Inspection and Quarantine) in the People’s Republic of China;"

    It turns out CITP was not formerly known as AQSIQ, it is formerly known as TrueProductID(Beijing), the Chinese JV company of TPID. In mid 2008 it was changed to CITP.
    Here's an excerpt from SEC filing from TPID at that time:

    "The New Joint Venture will be known as "China Inspection True Product Technology Inc. Ltd.", although other possible names have been reserved. The New Joint Venture will be owned 70% by Registrant [TPID], 12% by China Special Equipment Inspection Association, an association which is part of AQSIQ, and 18% by Beijing Youhong Technology Development Inc. Ltd., a Chinese entity which helped promote the National Gas Tank Contract between the Registrant and AQSIQ."

    And to make it clear, neither AQSIQ nor CASEI acknowledge holdings in these companies.








 
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