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LARK DISTILLING CO. LTD Capital/Financing Update 2007
65265_rns_2007-04-02_baf43b80-7852-442a-ad43-71cf635ae720.pdf
Capital/Financing Update
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Montec International Limited ABN: 62 104 600 544
Level 6, 55 York Street Sydney NSW 2000 Australia
[email protected] www.montec-international.com
Telephone: +61 2 9299 0011 Facsimile: +61 2 9299 1499
ASX & MEDIA RELEASE
3 April 2007
The Manager Company Announcements Office Australian Stock Exchange Limited 20 Bridge Street SYDNEY NSW 2000
CONFIRMATION OF DESPATCH OF PROSPECTUS AND SUPPLEMENTARY PROSPECTUS
Montec International Limited (ASX: MTI) is pleased to announce that the Prospectus dated 20 March 2007 and the accompanying Supplementary Prospectus dated 23 March 2007 have been despatched to shareholders on 3 April 2007 as per the previously disclosed timetable.
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Terry Cuthbertson Chairman Montec International Limited Tel: 02 9299 0011
Peter Herd Managing Director Montec International Limited Tel: 02 9299 0011
Investor Relations & Media Enquires:
Rod North Bourse Communications Pty Ltd 0408 670 706
ABOUT MONTEC INTERNATIONAL LIMITED
Montec International owns certain Australian, New Zealand and Asian rights, to a unique technology that enables the production of monounsaturated, cholesterol-free dairy products including milk, icecream and voghurts. NSW based milk processor Dairy Farmers has been licensed to market products in Australia using the technology.
Montec's principal focus is in developing the market for cholesterol-free dairy products in China using the technology. The company is currently building its range of plain, chocolate and strawberry flavoured milk under the "dairypure" and "Meng Tai" brands with distribution through more than 2,700 outlets predominantly in Beijing and Shanghai. Planned product extensions include ice cream and yoghurts.
ABOUT THE CHINESE DAIRY MARKET
The largest sector of the 9 billion litre Chinese dairy market is ice cream (5 billion litres) followed by milk (3 billion litres). The industry has enjoyed 10% plus annual growth for each of the past five years in response to rising incomes, a broader adoption of western-style foods, increased penetration of home refrigeration, improved cold chain distribution systems, and an increasingly sophisticated retail environment. Government support for better nutrition such as through children's milk programs has also been a positive factor in driving growth.