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 prod
'/>"/>

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

Page: 1 2

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:7/30/2014)... PARIS , July 30, 2014 /PRNewswire/ ... and NYSE: SNY) today announced that the Companies intend ... rare pediatric disease priority review voucher in connection with ... priority review voucher entitles the holder to designate a ... 6-month review from the filing date instead of the ...
(Date:7/30/2014)... , July 30, 2014  The Chicago Bears are ... Academy of Dermatology (Academy) in an effort to raise ... Bears will host free SPOT me™ skin cancer screenings ... at Soldier Field. SPOT me™ is an educational ... the dangers and risks of skin cancer, and encourages ...
(Date:7/30/2014)... July 30, 2014 Sales Horizons, a ... of blended sales training programs for companies engaged in ... programs used by thousands of salespeople over 25 years ... training program can be customized to address the unique ... blended sales training program consists of two ...
(Date:7/30/2014)... BCC Research ( http://www.bccresearch.com ) reveals ... in Industrial Applications , the global market for industrial ... by 2018, registering a five-year compound annual growth rate ... recorded in the detergent enzyme segment with a CAGR ... has influenced almost every sector of industrial activity, ranging ...
Breaking Biology Technology:Regeneron and Sanofi Announce Plan to Use Priority Review Voucher For Alirocumab U.S. FDA Submission 2Regeneron and Sanofi Announce Plan to Use Priority Review Voucher For Alirocumab U.S. FDA Submission 3Regeneron and Sanofi Announce Plan to Use Priority Review Voucher For Alirocumab U.S. FDA Submission 4Regeneron and Sanofi Announce Plan to Use Priority Review Voucher For Alirocumab U.S. FDA Submission 5Regeneron and Sanofi Announce Plan to Use Priority Review Voucher For Alirocumab U.S. FDA Submission 6Chicago Bears Join the American Academy of Dermatology in Fight against Skin Cancer 2Chicago Bears Join the American Academy of Dermatology in Fight against Skin Cancer 3Chicago Bears Join the American Academy of Dermatology in Fight against Skin Cancer 4Sales Horizons Launches New Blended Sales Training Programs to Companies Engaged in Complex B2B Sales 2Sales Horizons Launches New Blended Sales Training Programs to Companies Engaged in Complex B2B Sales 3Global Market for Industrial Enzymes to Reach Nearly $7.1 Billion by 2018; Detergent Enzyme Market to Record Maximum Growth 2Global Market for Industrial Enzymes to Reach Nearly $7.1 Billion by 2018; Detergent Enzyme Market to Record Maximum Growth 3
... INDIANAPOLIS, March 26 A coalition of Indiana,s ... and business joined today to launch Hoosiers Work ... importance of preserving medical innovation. Co-chairs, former ... the Pacers Sports & Entertainment Jim Morris, kicked ...
... Inc. (OTC Bulletin Board: OXBO) today announced that the ... the planned Phase II dose escalation study of Oxycyte(R) ... perfluorocarbon (PFC) therapeutic oxygen carrier. The Israeli sites are ... are excited to be able to participate in this ...
... Distribution Agreement for the Americas -- The Agreement ... ZyGEM,s Growing Line of DNA Extraction Kits -- ... Ideally Suited to Automation and High-Throughput Applications -SOLANA ... 26 ZyGEM Corp. Ltd. and VWR International ...
Cached Biology Technology:Hoosiers Work for Health Highlights Impact of Medical Research and Innovation on Indiana Economy 2Hoosiers Work for Health Highlights Impact of Medical Research and Innovation on Indiana Economy 3Hoosiers Work for Health Highlights Impact of Medical Research and Innovation on Indiana Economy 4Oxygen Biotherapeutics, Inc. Adds Oxycyte TBI Clinical Trial Sites in Israel 2ZyGEM Corp. and VWR International Europe BVBA Sign Agreement to Distribute Breakthrough DNA Extraction Technology in Europe 2ZyGEM Corp. and VWR International Europe BVBA Sign Agreement to Distribute Breakthrough DNA Extraction Technology in Europe 3ZyGEM Corp. and VWR International Europe BVBA Sign Agreement to Distribute Breakthrough DNA Extraction Technology in Europe 4
(Date:7/30/2014)... develop into a multitude of cells types. Researchers would like ... types of mature cells that make up the organs and ... to be long chains of sugars that dangle from proteins ... University of California, San Diego, has created synthetic molecules that ... more easily manipulated to direct the process, they report in ...
(Date:7/30/2014)... high-resolution map of the carbon stocks stored on ... new and improved methodology used to make the ... carbon economies. The new carbon map also ... provides the critical input to studies of deforestation ... enforcement purposes. The technique includes the determination of ...
(Date:7/29/2014)... advanced optical methods and applications for imaging and manipulation ... the neurosciences were the inspiration behind Neurophotonics , ... society for optics and photonics. , The first issue ... the United States, and a special section features articles ... of the impact that optics and photonics will have ...
Breaking Biology News(10 mins):Peru's carbon quantified: Economic and conservation boon 2Peru's carbon quantified: Economic and conservation boon 3SPIE launches Neurophotonics journal with special section on BRAIN Initiative 2SPIE launches Neurophotonics journal with special section on BRAIN Initiative 3
... HealthSystem (NorthShore) and Northwestern University have discovered that fiber ... measure blood levels in the colonic lining (mucosa) in ... colon cancer. The study appears in the ... journal of the American Gastroenterological Association (AGA) Institute. ...
... Sediment in rivers comes from erosion of the landscape as ... Just how much each source contributes to a river ... river is the subject of research by Peter Whiting, ... Taking measure of certain radionuclides found in the soil, including ...
... feather flock together, according to the old adage, and adolescent ... specific gene are more likely to flock to delinquent peers, ... criminologist Kevin M. Beaver. "This research is groundbreaking because ... with delinquent peers is tied up in the genome," said ...
Cached Biology News:Breakthrough optical technology to assess colon cancer risk, accuracy 2Breakthrough optical technology to assess colon cancer risk, accuracy 3Case Western Reserve University project ties soil conservation and river management together 2Study reveals specific gene in adolescent men with delinquent peers 2Study reveals specific gene in adolescent men with delinquent peers 3
Anti-Kusabira Orange Monoclonal Antibody Description: 100 g Research Focus: tag Storage: -20C Shipping Temperature: 4C...
PURA Immunogen: PURA (NP_005850, 183 a.a. ~ 293 a.a) partial recombinant protein with GST tag. Storage: -20 C, Avoid Freeze/Thaw Cycles *Available for distribution in the US only...
Rabbit polyclonal to CAMK 1D beta ( Abpromise for all tested applications). entrezGeneID: 57118 SwissProtID: Q5SQQ7...
Acetyl-Histone H2B (Lys20) Antibody...
Biology Products: