Article: Lazarus Industries, Inc. Acquires American Dairy Holdings, Inc. And Changes Name to American Dairy, Inc.

American Dairy, Inc. (BULLETIN BOARD: ADIY) Mr. Leng You-Bin, the new Chief Executive Officer and President of Lazarus Industries, Inc. (the "Company") today announced the completion of the acquisition of 100% of the issued and outstanding capital stock of American Dairy Holdings, Inc. ("American Dairy"), a Delaware corporation which is located at 865 Figueroa Street, Suite 3340, Los Angeles, California 90017. As a result, effective May 7, 2003, American Dairy has become a wholly-owned subsidiary of the Company. In addition, the Company amended its Articles of Incorporation to change its name to "American Dairy, Inc." and completed a one-for-nineteen (1-for-19) ...

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