Jade Art Group, Inc. engages in the distribution of raw jade in China. Raw jade is used for decorative construction materials for both the commercial and residential markets,as well as for high-end jewelry. Previously, the company engaged for more than 30 years in manufacturing and selling hand and machine-carved wood products, such as furniture, architectural accents and Buddhist figurines in China. In 2007, the wood products business model was abandoned because of revenue decrease and the company decided to enter the business of raw jade sales and distribution, which management believed presented a better long-term growth potential. In January 2008, Jade Art Group, Inc. formed a new who...
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