North China Horticulture (OTC BB:IDCX)

On July 16, 2010, Dandong LongSheng Horticulture Technology Co., Ltd. went public via a reverse merger trancsaction. 

Company Snapshot:

Products consist of a number of blueberry seedling varietals.

Industry Snapshot:

• China has historically not been a major producer or consumer of blueberries. In recent years, Chinese farmers have begun to cultivate blueberries in earnest due to the high price that can be commanded in the market.
  
• There are more than 400 varieties of blueberries in the world with over 200 in China. Concurrent with increased awareness of health benefits of blueberry consumption, global production has recently increased rapidly driven by robust demand
  
• Worldwide blueberry acreage has more than doubled in the past twelve years, from 62,800 acres in 1997 to approximately 145,000 acres in 2009
  
• It is anticipated that global blueberry production will nearly quadruple from 2005 levels to over 1.2B lbs by 2012. North and South America will be major drivers, and production in China is also anticipated to see explosive growth.
  
• Japan is Asia’s largest importer of blueberries, and currently only produces 7% of its yearly consumption. Japan currently imports 10 to 14 million tons of U.S.-grown blueberries annually and is expected to become the largest importer of Chinese blueberries in the near future.
  
• China’s domestic blueberry industry is in an early stage of development. There were an estimated 400 to 600 hectares of blueberry fields under cultivation in 2007, located primarily in Jilin, Liaoning and Shandong Provinces. Due to foreign and domestic investment in blueberry production and government promotion of the industry, the area under cultivation is expected to reach 17,200 hectares by the end of 2010.

Post Merger Share Calculation:

•      240,130: Pre reverse merger outstanding shares and post 1 for 284 reverse split.
•      110,944: Shares cancelled as part of the Share Exchange
• 49,870,814: Newly issued shares of Common Stock

GeoTeam® best effort calculation of total post reverse merger shares assuming full conversions: :  50,000,000

Financial Snapshot:  See note

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Idcentrix may be contemplating a reverser merger with a Chinese firm due to the involvement of certain parties mentioned in a recent stock purchase agreement:

On April 5, 2010, iDcentrix, Inc. entered into a Common Stock Purchase Agreement by and among Tsoi Tik Man (the “Buyer”), Belmont Partners, LLC, a Virginia limited liability company (the “Seller”), and the Company. Pursuant to the terms of the Purchase Agreement, on April 5, 2010, the Buyer acquired from the Seller 36,688,800 shares, or approximately 53.81%, of the issued and outstanding common stock of the Company. In consideration for the sale of the Purchased Stock, the Buyer paid the Seller $300,000 and the Company agreed to issue to the Seller shares of its common stock such that the Seller will own 10% of the issued and outstanding capital stock of the Company after the closing of a merger transaction with an as of yet unidentified target corporation contemplated by the Purchase Agreement.

Tsoi Tik Man was appointed as the Company’s President and Secretary, effective immediately.

Belmont Partners is an active player in the ChinaHybrid reverse merger space.

Tsoi Tik Man profile:

Mr. Tsoi graduated in 1980 from the University of Scientific and Technology of China, Faculty of Physics, with a bachelor’s degree. From 1981 to 1991, Mr. Tsoi served in Chinese government agencies including the Ministry of Electronics Industry and the Ministry of Labor and Human Resources. From 1991 to 2006, Mr. Tsoi established and acted as President or other senior officer of several companies, including Kong man Investment Ltd., Dynasty Technology Inc., New Power (China) Investment Ltd., Ever Wealth Investment (Holding) Ltd. and Shenzhen KeTuoDa Development Ltd. In 2006, Mr. Tsoi established China Digital Communication Group Ltd. and has served as its President since such time. In 2008, Mr. Tsoi established and became President of ECO Ltd.

It appears that this shell may soon be involved in a transaction with a Chinese company.

On April 5, 2010, iDcentrix, Inc. entered into a Common Stock Purchase Agreement by and among Tsoi Tik Man, Belmont Partners, LLC, a Virginia limited liability company, and the Company. Pursuant to the terms of the Purchase Agreement, on April 5, 2010, the Buyer acquired from the Seller 36,688,800 shares, or approximately 53.81%, of the issued and outstanding common stock of the Company.

Mr. Tsoi has been the President and Secretary of the Company since April 5, 2010. Mr. Tsoi graduated in 1980 from the University of Scientific and Technology of China, Faculty of Physics, with a bachelor’s degree. From 1981 to 1991, Mr. Tsoi served in Chinese government agencies including the Ministry of Electronics Industry and the Ministry of Labor and Human Resources. From 1991 to 2006, Mr. Tsoi established and acted as President or other senior officer of several companies, including Kong man Investment Ltd., Dynasty Technology Inc., New Power (China) Investment Ltd., Ever Wealth Investment (Holding) Ltd. and Shenzhen KeTuoDa Development Ltd. In 2006, Mr. Tsoi established China Digital Communication Group Ltd. and has served as its President since such time. In 2008, Mr. Tsoi established and became President of ECO Ltd.