UBIQ is a manufacturer of a Magnesium Oxide(Mgo), composite cement board, operating a manufacturingfactory located in Jixian, Tianjin. The product range was developed over therecent years. UBIQ sells to the Australian market and distributes the INEX>products across Australia. Currently, UBIQ is experiencing far greater demandin Australia than the current production facilities can meet. UBIQ (Tianjin) is a wholly-owned foreignenterprise, however we lease the factory from a local entity. To meet demand, UBIQ is currentlyconstructing a new factory facility in Dalian, Liaoning Province.It is envisaged that new ManufacturingManager will move to our Dalian facility when it is completed in approximately12 months. This Dalian factory will accommodate another16 production lines over the next 2 years, coming on line. It is envisaged thatthe existing factory and production line will be the training ground for newworkers who, once trained, will move into the new production line facilities.  The ProductThe UBIQ range covers building boards forgeneral flooring, walls and cladding applications across all sectors of theconstruction industry. Independent tests show that INEX> products arestronger, stiffer, more water resistant, lighter, have a superior surfacefinish, perform better acoustically, have higher fire ratings. The products canbe cut, drilled, nailed and worked like the best alternatives.INEX> Floor, Board, Sheet and Weatherboardare accredited for the Australian market.All of the products are exported from theJixian factory to various ports in Australia. The existing factory has operated sinceAugust 2013, with a reasonably reliable, local factory work force ofapproximately 70 people, under UBIQ management, by the Operations Director.