USBO's ticker symbol and CUSIP, "BNO" and 91167Q100, respectively, will not change, and units of USBO will continue to trade on the NYSE Arca.
The forward unit split will increase the number of USBO's units outstanding and will result in a proportionate decrease in the net asset value per unit of USBO.
As a result of the forward unit split, Unitholders will receive two post-split units of USBO for every one pre-split unit of USBO they hold.
The forward unit split will not affect any Unitholder's percentage interest in USBO.
is presently preparing its 2003, 2004 and 2005 financials for the required audit as the next step in this process.
For direct access to shippers, USBO
can provide contacts with large corporate vegetable operations that can allow for direct shipping from the shipper to the receiver without a middle broker.
Over the past several months USBO has also initiated the formation / acquisition of an over-the-road (OTR) trucking company.
which will all operate under the USBO parent corporation.
USBO believes that the facet of quick pay creates another in-house profit center, while providing TLC with an excellent driver recruitment tool.
As a result of this effort and the company's on-going refinement process, USBO has developed a portfolio of products that are state-of-the-art in their ease of application, performance and shelf life.
USBO is striving to be the market leader in the bio-chemical sector of the above industries that are presently consuming several billion dollars in related products annually, as the agricultural chemical industry alone represents approximately $10 billion in annual sales.
The primary goal of USBO
is to be the market leader in the bio-chemical sector of the approximately $10 billion dollar annual agricultural chemical marketplace.