NetworkNewsBreaks – Kraig Biocraft Laboratories, Inc. (KBLB) Forms New Vietnamese Subsidiary, Prodigy Textiles Co. Ltd.
Kraig Biocraft Laboratories (OTCQB: KBLB), a developer of spider silk based fibers, recently announced that it has attained approval for the formation of its new Vietnamese subsidiary, Prodigy Textiles Co. Ltd. The company has received its official investment registration certificate from Vietnam for the new subsidiary. Management sees the establishment of the company’s first subsidiary as a key milestone on the way to reaching its long-term goal of engaging in large scale spider silk production. “What a great moment for Kraig Labs and the entire Spider Silk industry. We anticipate that our new subsidiary in Vietnam will open the doors…