Rotoblock Finalizes Agreement and Share Exchange with daifuWaste Management Holdings Limited

Rotoblock, Inc., a publicly-owned California-based corporation investing in emerging technology opportunities in China, has completed Share Exchange in Acquisition of daifuWaste's Green Medical Waste Treatment Systems in China.

To complete this transaction Daifu shareholders have transferred 83 percent of their shares to Rotoblock in exchange for 73.8 million shares of common stock in Rotoblock.

A privately held medical waste treatment company, daifuWaste has taken over a majority ownership in publicly-owned Rotoblock. It is a leading provider of medical waste disposal management in China, supplying advanced medical waste equipment, systems, disposal and management.

Founded in 2003 by Dr. Michael Choy with offices in Beijing, Shanghai, Shenzhen and Hong Kong, daifuWaste operates through its direct Chinese subsidiaries marketing Daifu brand medical waste treatment systems, with ten systems currently in operation throughout China.

As per the new agreement, Rotoblock has acquired controlling ownership of daifuWaste and its subsidiaries, business and operations.

The company officials said that the outstanding warrants for the purchase of the aggregate 9.3 million shares of common stock in Rotoblock have been left intact and remain outstanding after the Share Exchange.

As a result of the share exchange, Daifu has become the wholly-owned subsidiary of Rotoblock and Daifu shareholders acquired approximately 83.1 percent of our issued and outstanding common stock, warrants and their equivalents, as put forth in a recent 8-K filing with the Securities and Exchange Commission.

“The poor economy over the past few years gave us time to review several emerging markets and we identified medical waste treatment as a growing industry,” said Chien Chih Liu, Rotoblock CEO.

Chih Liu said that the medical industry continues to grow and the timing of China's new policies has put Daifu in a key position to supply the most effective technology for dealing with these environmental health risks while improving quality of life.

Chih Liu said that the new merger is the best value for Rotoblock's shareholders in part because the medical waste business provides a beneficial service to the health of the population.