Lotus Bio-Technology Development Corp. announced opening of the company's new corporate office in China. In anticipation of the company's growth strategy, Lotus Bio-Technology has established the corporate office in Yong Zhou City to serve as a headquarters for its daily business activity.

The company announced the appointment of Michael Palethorpe as the company's new Chief Executive Officer and President. Having established a long and proven track record of profitable business building in a wide range of corporate environments, Mr. Palethorpe brings to the company a diverse range of executive and managerial skills that are expected to strengthen Lotus Bio-Technology as the company advances toward significant growth and expansion. More recently Micheal also managed a sales team that yielded in excess of $1,000,000 annual revenues of Metasoft Systems Inc. He most recently spent 6 years running a private marketing company, followed by a 3-year tenure as President and CEO of New Media Insight Group.