VANCOUVER, BC, Canada / ACCESSWIRE / June 24, 2014 / Globalink, Ltd. (OTC: GOBK) ("Globalink"), announces that Globalink Ltd. and China Xuzhou Shizhen Biotech Co. Ltd. has signed a sino-foreign joint venture contract and has formed and registered a local joint-venture company, Globalink (Jiangsu) Biotech Limited Liability Company in Pizhou, Jiangsu Province, to further Globalink's participation into the physical and mental health maintenance program, offered by products derived from gingko leaf extractions. The new joint-venture company subsequently has signed supply contracts with local governments for the supply of gingko leaves. Purchase contracts were also signed with local wholesalers to consume 60% of all products the JV company produce. Globalink Ltd. holds 80% interest while the local company holds 20% interest.
About Globalink, Ltd.
Globalink, was incorporated in the State of Nevada on February 3, 2006. Until recently, Globalink has focused its efforts in the Internet Hotel booking services arena. Globalink has developed a proprietary online hotel-booking program for connecting users with available rooms in hotels across the world. Globalink now is also focusing on the development of the health maintenance system as a result of the presented opportunity to be able to supply 20% of the world's demand of the gingko leaf raw material for extraction.
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Robin Young, President
SOURCE: Globalink, Ltd.