CHANGCHUN, China and LOS ANGELES, Jan. 25 /PRNewswire-Asia/ -- China Yongxin Pharmaceuticals, Inc. (OTC Bulletin Board: CYXN; "China Yongxin Pharmaceuticals" or the "Company"), is a leading manufacturer, distributor and retailer of Chinese traditional medicines, pharmaceutical products, natural health products, health food, cosmetics, and medical equipment in Northeastern China. The Company today announced that it plans to open twenty eight new stores in 2010.
In pursuit of the Company's new sales strategy, China Yongxin Pharmaceuticals plans to open twenty eight new retail stores in 2010 to expand its customer base and increase market share. Among them, ten stores will be located in Tianjin City with an average operating area of 160 square meters per store and a local customer population of 20,000. The Company plans to open stores at the rate of two per month from March through November 2010. These stores, considered together, are projected to achieve an average annualized revenue of $466,181.
Eight new stores will be opened in Changchun City, from March to September 2010, each with an operating area of 142.5 square meters. These new stores offer products and services to a local customer population of 15,000 each, and these stores, considered together, are expected to achieve an average annualized revenue of $371,720.
Ten new stores will be opened in Baishan City with an average operating
area of 80 square meters per store. Reaching out to an average customer
population of 5,000, these stores, considered together, are expected to bring
an average annualized reven
|SOURCE China Yongxin Pharmaceuticals, Inc.|
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