GUANGZHOU, China, Dec. 26, 2006 (PRIME NEWSWIRE) -- China Biolife Enterprises, Inc. (Pink Sheets:CBFE) is pleased to announce that it has signed a definitive agreement with Sequester Holdings, Inc. The corporation will also be changing its name from Sequester Holdings, Inc. to China Biolife Enterprises, Inc., to better reflect its core business, effective immediately. The new trading symbol will be "CBFE" and a new CUSIP number 16937k109. All current management of Sequester Holdings, Inc. has resigned.
ABOUT THE COMPANY
China Biolife Enterprises, Inc. is a leading company in bamboo extracts and nutraceutical markets in China. The company provided solutions for food and dietary supplement industries and nutraceutical markets. The Company's vision is to help people live healthier lives by offering "natural, green and safe" products.
Safe Harbor Statement:
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to price volatility of gold and other metals; currency fluctuations; political, operational, and governmental approval and regulation risks in China.