BROOKLYN, N.Y., July 4, 2012 (GLOBE NEWSWIRE) -- Robotech Inc (Pink Sheets:RBTK) announced today that the Company's Board of Directors has approved a re-orientation of the business direction of the Company into the mining industry. As such, it has made an offer to the shareholders of the Nevada based corporation, Zhen Ding Resources Inc., to acquire up to 100% of the common stock of Zhen Ding Resources Inc. Zhen Ding is currently developing a gold-silver-copper mine in Anhui Province in China. Zhen Ding operates in China through a 70% held Chinese Joint Venture company.
In anticipation of this acquisition, Robotech Inc. has changed its name to Zhen Ding Resources Inc. and did a reverse split of its common shares in the ratio of 1 for 100. This corporate action will be effective at the commencement of trading July 5, 2012. The shares will trade under the symbol, RBTKD for 20 business days, at which time it will revert to RBTK.
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