BNET Industries
Market Cap:$709.5M
Last Fiscal Year Sales:$362.0M
- Public
- US
Dow Jones Description
Vorsatech Ventures, Inc. (hereinafter "The Company"), a development stage company, was incorporated on October 30, 1998 under the Apex Pharmaceutics, Inc., under the laws of the State of Colorado. On July 18, 2000 the Company changed its name to Apex Resources, Inc. On September 28, 2000, the Company changed its name to Biotech Industries, Inc. On June 1, 2001, the Company changed its name to ValuShip Inc. As ValuShip, Inc., the Company was in the business of international shipping. To pursue this business, the Company domesticated from Colorado to the Commonwealth of the Bahamas on May 18, 2001. The Company abandoned this enterprise to develop a wireless business in June 2002. On June 24, 2002, the Company changed its name to Vorsatech, Inc. to reflect this change in business. On February 23, 2004, the Company filed its articles of incorporation and domesticated to the State of Delaware. The Company developed a business plan for its integrated wireless system that would allow consumers to subscribe to a service package to access wireless gateways for their laptops, PDA's and other electronic devices. The system would include both development of a hardware network service providers and development of software that would interface with the consumer's electronic devices. The Company believed with the exponential growth of mobile computer use, the opportunity was there to exploit the demand for wireless connectivity.
Chief Financial Officer
Lawrence LeeNumber of Employees 6,200
Contact Information
15200 Shady Grove Road #350
Rockville, Maryland 20850
3018403888
Peer Companies
NAICS Code Fluid Milk Manufacturing: 311511
Recent Events
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Synutra Reports FY09 Q2 Results
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Synutra International Selects Interim CFO
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NewsWatch: USEC to sell plant units to Exelon in $1.2B deal
News & Analysis
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synutra international inc. - All News and Analysis
Synutra Goes Beyond Government Orders in Infant Formula Recall
ChinaBio Today submits: A second child in China has died after being given tainted infant formula, and more than a thousand other children became sick from various forms of the product. China’s Ministry of Health has determined the problem lies in the chemical additive melamine. The chemical is never...
News summary
Lockheed loses ship contract Lockheed Martin Corp., of Bethesda, the world's largest defense company, was stripped of a contract to build a new ship for the U.S. Navy after failing to reach an agreement with the service on how to share construction risks. Lockheed was to provide two...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Lawrence Lee | Chief Financial Officer |
| Willie Wu | Vice President |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Jinrong Chen | Board of Directors |
| Lei Lin | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Synutra International, Inc. | Chief Financial Officer | Current |
| Synutra International, Inc. | Board of Directors | Former |
Dr. Willie Wu joined Synutra International Inc. as Vice President in 2005. Dr. Wu has over 10 years of sales and marketing experiences in Chinese and US markets, which will serve him well as he leads Synutra into continued rapid growth. Dr. Wu brings with him deep insight on consumer behaviors and population-based market dynamics and an astute understanding on leveraging sales and marketing towards the success of an organization. Dr. Wu's accumulated wealth of sales and marketing experience were gained through prior experiences as a front-line sales representative in the field and in various corporate level management positions with the International Division of Bristol-Myers Squibb. At BMS he assisted in the launch of a new product with a sales team that records US$2.8 Billion in annual sales. In 2001, Dr. Wu led a multi-functional Sales and Marketing Effectiveness Team within Bristol-Myers Squibb in China where he was responsible for sales training and development, sales information, hospital/retail sales force effectiveness, market research, and marketing services. He earned his Ph.D in Sociology from the University of North Carolina, Chapel Hill, and his M.A. in American Studies from Beijing Foreign Studies University.
| Organization | Position | Status |
|---|---|---|
| Synutra International, Inc. | Vice President | Current |
| Synutra, Inc. | Vice President | Current |
| Synutra, Inc. | Board of Directors | Current |
| Bristol-Myers Squibb Company | Former | |
| University of North Carolina, Chapel Hill | Ph.D In Sociology | Former |
| Organization | Position | Status |
|---|---|---|
| Synutra International, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Synutra International, Inc. | Board of Directors | Current |
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