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Follow on Google News |  Advent-Oriental: Palingenesis Mfg Inc. Announce Major Stock Buy Back Of SubsidiaryAdvent-Oriental Asset Management chairman, David St John-Morris who recently inked a deal with Palingenesis Mfg Inc to handle their Initial Private Offering
By: Kevin Wells Palingenesis owns and operates though its subsidiary Company, Pathogenesis Inc; operating as Gennix/Pathogenesis, (www.gennixinc.com) Pathogenesis Inc. was incorporated in 2005, however due to the prolonged licensing procedures in the Philippines the permits to operate were not issued until early 2008 at which time Pathogenesis began operation. During the past 16 months Pathogenesis has enjoyed rapid growth. From virtually nothing in 2008, Pathogenesis now controls approximately 55% of the hospital waste market in Metro Manila and a substantial market share of the locative industrial and commercial hazardous and toxic waste business as well During its brief 16 months of operation Pathogenesis has seen the hospital processing fees drop from 18 Pesos per Kilogram to 13.5 per Kilogram. This has had an extremely adverse effect on our competition however it has not affected the profitability of Pathogenesis. The Proprietary Palingenesis Process not only treats hospital waste but all types of industrial and commercial hazardous and toxic waste as well with tipping fees ranging from 15 Pesos to over 40 Pesos per Kilogram and because of this, the average tipping fee of all of the combined waste treated by Pathogenesis is over 17 Pesos per Kilogram. By April 2010 Palingenesis believes that the Value of Pathogenesis Inc. will be will over 177,000,000 Pesos and it is anticipated that the company will initiate an IPO for Pathogenesis Inc. within the local Philippine market with Palingenesis remaining the principal shareholder. With the additional capital, Pathogenesis Inc. plans to expand to other regions of the Philippines adding grater value to the company and its principal shareholder, Palingenesis Manufacturing Inc .Advent-Oriental's Chief Economist, Dr Owen Post Ph.D stated, “This is fantastic news for the current shareholders of Palingenesis which I consider to be a strong buy and a perfect selection as a cornerstone for any portfolio.” About Advent-Oriental Asset Management Advent – Oriental was founded in Rangoon, Burma (now Myanmar) in 1889 by Maj Gen Sir John Leopold Advent MC KCB. Burma was at that time an annex of India under the rule and administration of the British “Raj”. A highly decorated career soldier and nearing the end of his military service, Sir John had an Indian bride and substantial holdings in the Bengal region. Upon retirement, his purpose and intent was to form a company that would assist and advise retiring officers and men in investing their gratuities, pensions and assets wisely and prudently, in order that they may live out their retirement in comfort and security and so, Advent-Oriental Asset Management was born. Upon the death of Sir John in 1899, the company decided to open itsdoors to servicemen and civilians alike whilst continuing to honor Sir John’s basic tenet of “Wisdom and Prudence” and in 1962 moved operations to Singapore because of the political situation that was developing in Burma. Two further moves were to follow; Hong Kong Island in 1966 and finally, Shanghai in 2004 where its center of operations is now located. The focus since 1991 has been on the now fashionable “green” technology sector in sourcing, researching and identifying opportunities in companies that are either developing, producing or manufacturing alternative energy solutions, ecologically friendly waste management & disposal systems– and their ancillaries. # # # Advent – Oriental was founded in Rangoon, Burma (now Myanmar) in 1889. Now based in Shanghai,and focussing on the“green” End
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