Since November 2011, our Company’s business has been to identify, advise in development, and market products. We seek to assist and enable entrepreneurs to introduce products to the market. Entrepreneurs can leverage our experience and valuable business contacts in functions such as product selection, marketing development, media buying and direct response television production. Inventors and entrepreneurs submit products or business concepts for our input and advice. We generate revenues from two primary sources (i) management of the entire business cycle of the product and (ii) sales of products, for which we receive a share of net profits of products sold. We do not manufacture any of our products.
Our first product market campaign was the Twist and Tone, a fitness and exercise product that we have been involved in every stage, from product development, manufacturing, importing, warehousing, sales and marketing, retail placement and accounts receivable management.
Our current collaboration is with NB Regeneration, Inc., which is in the process of developing a nitrogen fertilizer facility to be located in the Republic of Panama that will be capable of producing up to 4,000 MT of granulated urea daily. Urea is the world's most produced chemical with more than 160 million MT being produced annually in approximately a $75 billion annual industry. Currently, more than 40% of all food grown globally is fertilized using urea, and demand industry studies forecast increased demand for the foreseeable future. We are looking forward to signing a definitive agreement with this exciting company and to start assisting it with our sales, marketing and management expertise. You can read more about our collaboration with New Bastion Development, Inc. in our Form 8-K that we filed with the United States Securities and Exchange Commission on August 28, 2012. You can read more about NB Regeneration, Inc. at www.nbregeneration.com.
We are also actively seeking other businesses or business opportunities that will enable us to capitalize on our sales, marketing and management expertise.