Navigation Links
Huifeng Bio-Pharmaceutical (HFGB) Signs Exclusive Management Operating Agreement with Xi'an Qinba Xintong Medical Ltd.; HFGB to Retain Up to 70% of Qinba's Total Profit
Date:10/7/2008

XI'AN, China, Oct. 7 /Xinhua-PRNewswire-FirstCall/ -- Huifeng Bio- Pharmaceutical Technology, Inc. (OTC Bulletin Board: HFGB; the "Company"), a leading developer and producer of plant extracts and pharmaceutical raw materials for use in pharmaceutical, nutraceutical and food production in Xi'an, China, is pleased to announce the signing of a formal exclusive management agreement with Xi'an Qinba Xintong Medical Ltd ("Qinba"). On Sept 5, 2008 the company announced a Letter of Intent to enter into a contractual arrangement with Qinba.

Under the terms of this arrangement, Huifeng will assume operational control of Qinba and will receive a management fee equal to 70% of Qinba's total profit.

Mr. Jing'An Wang, CEO and founder stated "This is Huifeng's first step toward our vertical integration strategy, and we intend to transform the company from a producer of raw materials for the Traditional Chinese Medicine industry to a full-scale pharmaceutical company supplying end products to consumers worldwide".

"As a franchiser of finished medical devices, Qinba will give Huifeng immediate access to pharmacy and medicine buyers," said CEO Wang. "With this management agreement, Huifeng has taken the first step toward positioning itself for synergistic growth beyond its core revenue base."

"Now that we have completed the first vertical integrations, we have proven our ability to attract accretive deals within the People's Republic of China," continued Mr. Wang. "Moving forward, we hope to close on several larger strategic partnerships."

Huifeng issued an 8K filing pertaining to this agreement on September 29. To read the text of the filing, go to http://www.premierstocks.tv/info/hfgb_8k.pdf

About Huifeng Bio-Pharmaceutical Technology, Inc. (HFGB)

Huifeng Bio-Pharmaceutical Technology, Inc., located in Xi'an, People's Republic of China, develops and produces plant extracts and pharmaceutical raw materials for use in pharmaceutical, nutraceutical and food production. It is the leading Chinese producer of rutin and related plant-derived chemicals in a class called flavonoids, with medicinal and other beneficial properties in Xi'an China. Founded in 2002, Huifeng uses proprietary patented processes to extract rutin more efficiently than traditional extraction techniques. The Company is diversifying its product lines through internal development, acquisition and cooperation with scientific research organizations. http://www.hfgb.cn/

This press release may contain forward-looking statements. These statements are based on the current expectations or beliefs of the Company's management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward- looking statements, including but not limited to the fluctuation of prices of raw materials, the market demand for our products, changes in governmental regulations and/or economic policies and our ability to penetrate new markets.

For more information, please contact:

Dan Carlson

Primary Capital LLC

Email: DCarlson@PrimaryLLC.com

Kelly Black

CEO Premier Media Services, Inc.

Tel: +1-480-649-8224

Email: kblack@premiermediaserice.com


'/>"/>
SOURCE Huifeng Bio-Pharmaceutical Technology, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related biology technology :

1. Huifeng Bio-Pharmaceutical (HFGB) Enters into Letter of Intent with Xian Qinba Xintong Medical Ltd.
2. Huifeng Bio-Pharmaceutical (HFGB) to Attend CPhI South America 2008 Pharmaceutical Conference; The First CPhI Conference to be held in the Emerging Market of Brazil
3. Huifeng Bio-Pharmaceutical (HFGB) Reports over $5 Million in Gross Sales; Record Results for the First Half of 2008
4. Huifeng Bio-Pharmaceutical (HFGB) Announces USD $1.1 Million Supply Agreement with DNP International Co. Inc.
5. Huifeng Bio-Pharmaceutical (HFGB) to Release Second Quarter 2008 Earnings Results on August 15, 2008
6. Huifeng Bio-Pharmaceutical (HFGB) Provides Update on COS Application Status
7. Huifeng Bio-pharmaceutical Technology Inc. Announces Strategic Alliance with Premier Media Service Inc.
8. Huifeng Bio-Pharmaceutical (HFGB) Information to Be Available Through Standard & Poors Market Access Program
9. Huifeng Bio-Pharmaceutical (HFGB) Provides Update on Current Business and COS Certification
10. Huifeng Bio-Pharmaceutical (HFGB) Announces No Earthquake Related Damage to Facilities
11. Huifeng Bio-Pharmaceutical (HFGB) to Release First Quarter 2008 Earnings Results on May 15, 2008
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/17/2016)... CA and Riyadh, Saudi Arabia (PRWEB) , ... ... ... Organization (CDO) for the biopharmaceutical industry, and BioSmartSA, a healthcare consultancy based in ... design and management of diagnostic services to healthcare providers in the Kingdom of ...
(Date:5/17/2016)... ... May 17, 2016 , ... The Children’s Tumor Foundation is enthusiastic to ... globe will show their support in the fight against neurofibromatosis (NF) by lighting up ... genetic disorder that causes tumors to grow on nerves throughout the body. It affects ...
(Date:5/17/2016)... ... 2016 , ... A new study on mesothelioma trends in Sweden indicates that ... Surviving Mesothelioma has just posted an article on the new research. Click here ... or kidney cancer seem to be more susceptible to mesothelioma, the researchers still aren’t ...
(Date:5/17/2016)... Springfield, MO (PRWEB) , ... May 17, 2016 , ... ... will attend the ISPE Midwest Chapter’s Tech Ed Day on Thursday, May 19 in ... near Busch Stadium. , HOLLOWAY AMERICA will participate in a vendor showcase during the ...
Breaking Biology Technology:
(Date:3/23/2016)... 2016 Einzigartige ... und Stimmerkennung mit Passwörtern     ... MESG ), ein führender Anbieter digitaler Kommunikationsdienste, ... SpeechPro zusammenarbeitet, um erstmals dessen Biometrietechnologie einzusetzen. ... Möglichkeit angeboten, im Rahmen mobiler Apps neben ...
(Date:3/17/2016)... , March 17, 2016 ABI Research, ... forecasts the global biometrics market will reach more ... 118% increase from 2015. Consumer electronics, particularly smartphones, ... fingerprint sensors anticipated to reach two billion shipments ... Dimitrios Pavlakis , Research Analyst at ABI ...
(Date:3/11/2016)... , March 11, 2016 http://www.apimages.com ) ... Cross reference: Picture is available at AP Images ( http://www.apimages.com ) ... DERMALOG will be used to produce the new refugee identity cards. ... biometric innovations, at CeBIT in Hanover next ... from DERMALOG will be used to produce the new refugee identity ...
Breaking Biology News(10 mins):