China SXAN Biotech, Inc.
China SXAN Biotech, Inc. (China SXAN), formerly Advance Technologies, Inc., is a holding company, engaged in the manufacturing and distribution of wines and tonics obtained from forest frogs. The company operates through its subsidiary namely, Tieli XiaoXingAnling Forest Frog Breeding Co., Ltd. for producing therapeutic wines and tonics, under the brand name of Xiao Xing`an Mountain. It abstracts a desirable portion of the frog`s ovaries and surrounding fatty tissues, utilized to treat respiratory problems such as coughing, hemoptysis, and also aids in the treatment of neurasthenia, slows aging and night sweats attributable to tuberculosis. Further, China SXAN markets and commercializes its products mainly through distribution centers, as well as through retail franchises. Apart from this, the company also develops infrared vision systems for commercial applications through its subsidiary named Infrared Systems International. China SXAN is headquartered in New York, the US.
As of fiscal year January 15, 2010, China SXAN Biotech, Inc. was acquired by SNX Organic Fertilizers, Inc., in a reverse merger transaction.The company reported revenues of (U.S. Dollars) USD 0.12 million during the fiscal year ended June 2009, a decrease of 99.07% from 2008. The operating loss of the company was USD 0.77 million during the fiscal year 2009, as against an operating income of USD 3.30 million during 2008. The net loss of the company was USD 0.77 million during the fiscal year 2009, as against a net profit of USD 2.81 million during 2008.
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