SHENZHEN, China, June 12 /PRNewswire-Asia-FirstCall/ -- Domain Registration Corp. (OTC Bulletin Board: DOMR), today announces that the Company (in the process of changing its name to "BioPharm Asia Inc.") has opened 360 new drugstores in Jilin and Liaoning Provinces, through its subsidiary Tonghua Shengantang Medical & Pharmacy Company Limited. A majority of the 360 chain drugstores are strategically located in the following areas: Tonghua, Jilin, Changchun, Siping and Yanji in Jilin Province, as well as Dalian in Liaoning Province.
With the implementation of universal healthcare reforms and the continuous improvement of rural medical services in China, the second-tier and third-tier cities, towns and counties will begin receiving comprehensive medical coverage. Likewise, increases in disposable income throughout the rural population have accelerated the urbanization of these relatively more developed areas. At the same time, widespread chain store retailing is becoming more accepted in the rural markets, and "BioPharm Asia" is poised to take advantage of their increasingly dense population and purchasing power, especially in Jilin and Liaoning Provinces.
"The successful addition of 360 new drugstores constitutes a major step in improving BioPharm Asia's consumer reach and achieving distribution wide economies of scale," said Yunlu Yin, Chief Executive Officer. "By continuing to open new drugstores in target distribution markets like Jilin and Liaoning Provinces, BioPharm Asia is aggressively penetrating these pharmaceutical markets and appealing to China's rising middle class by catering directly to its rural medical needs."
About Domain Registration Corp ("BioPharm Asia, Inc.")
In the process of changing its corporate name to "BioPharm Asia, Inc.",
the Company is primarily engaged in the retail sale of medical products in
China, complemented by a series of integrated b
|SOURCE Domain Registration Corp ("BioPharm Asia, Inc.")|
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