Thursday, December 27, 2007

BVI-controlled Rise & Grow Limited merges with Dexterity Surgical, Inc.

Dexterity Surgical, Inc. has announced the completion of a reverse merger with Hong Kong holding company Rise & Grow Limited, which is controlled by the British Virgin Islands company Newise Century Inc. To finilize the transaction, 26,400,000 common shares newly issued by Dexterity Surgical, Inc. (that is 66% of Dexterity Surgical’s 40,000,000 issued and outstanding shares) were issued to the BVI company, which is the sole shareholder of Rise & Grow.

Rise & Grow’ sole operating entity is Zhi Bao Da Tong (Beijing) Technology Co. Ltd. – a company formed under the law of the People’s Republic of China as a wholly foreign-owned enterprise doing business on the Chinese territory. After the transaction is closed, the operations of the Chinese company will become the only operations of Dexterity Surgical, Inc.