Rayont Inc   (ACUG)
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    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

Rayont Inc

Business Description

The Company has enhanced the seeds business by providing value-added services to some of the major buyers. The Company has organized meetings, seminars and trainings in Europe and China, in order for buyers to learn the most advanced technologies and farming practices. Another aspect of value-added service is that the Company is spending more time and resources to conduct variety trials, so that the Company can share more experience of growing the variety and can provide more accurate characteristics about the variety.

The trials with CapGen are still progressing and the Company has identified a few varieties for test sales. We have invited the breeder to visit China again to better communicate the trend of the market. As of the reporting date, we have completed the meeting with CapGen. We have reviewed the trial results and communicated the popular varieties in both China market and Europe market. CapGen will provide us more varieties targeting the China market for us to trial.

Outside the seed business, the management team has also been working with potential investors on some of the major projects the Company has been working on. Currently, the Company is working with an investment group in Singapore on a project that is targeting overused farm lands. China central government just issued a new policy for zero increase of traditional fertilizer. It encourages organic, more eco-friendly solution for the soil health issue which we believe is serious in China. The Company believes this may create greater opportunities for the companies such as ours that have already put efforts in the field. There is no written agreement as of today and might never have one between the two parties however we have exchanged ideas and strategies of how the entire project should proceed. This project, according to the knowledge we have today, should be able to help us increase total revenue and build the foundation for what we hope one day could be an up-listing to the NASDAQ market.

During the next 12 months, we anticipate continuing our efforts to raise capital through follow up meetings with potential investors from Singapore, although there is no assurance we will raise capital from these or other investors as we have no contracts, agreements or commitments from this or other funding sources.

We believe we will have sufficient cash available (assuming we collect all our existing and anticipated sales and receivables) to fund all of our operational and SEC filing needs during the next 12 months.

Currently we have sold vegetable seeds to distributors that are located Beijing and Guangdong provinces who resell these seeds throughout China. We currently sell only to distributors and not to end users. We select and test various types of seeds for different weather types at different locations. We believe that higher germination rate, high yielding, stability, relatively shorter maturity are the main criteria for most of the customers and end users. We currently offer and sell and in the future will continue to offer and sell only seeds that have not been genetically modified. GMO stands for genetically modified organism and is an organism whose genetic material has been altered using genetic engineering techniques. GMO vegetable seeds are not allowed to be sold in China. We do not have written contracts with our current customers and end users.

We primarily sell our seed through our network of distributors and dealers and brokers in China. We do not currently have or expect to have in the future formal distribution agreements with our distributors, but instead, will operate on the basis of purchase orders and invoices. The price, terms of sale, trade credit and payment terms are negotiated on a customer-by-customer basis. Our arrangements with our distributors do not include a right of return. Typical terms for customers require payment in full within 60 days of the date of shipment. In certain cases such as supply shortage, sales to our dealers will be paid in advance. Our credit policies are determined based upon the long-term nature of the relationship with our customers and end users. Credit limits are now and will continue to be established for individual customers based on historical collection experience, current economic and market conditions and a review of the current status of each customer's trade accounts receivable.

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