HARBIN, China, May 13 /PRNewswire-Asia-FirstCall/ -- Renhuang Pharmaceuticals, Inc. (Pink Sheets: RHGP) ("Renhuang" or the "Company"), a developer, manufacturer and distributor of botanical products, bio-pharmaceuticals and traditional Chinese medicines ("TCM"), today announced that the Company successfully exhibited its products at the 63rd PHARMACHINA fair("The Fair") held in Xiamen, China.
The PHARMACHINA Fair brought a diverse audience of consumers, distributors, and media to Renhuang's booth to learn more about the Company's innovative all-natural plant-based products. The Company showcased its series products based on Siberian Ginseng (Acanthopanax), which has well-documented benefits for treating depression and anxiety without the side effect often associated with chemical-based drugs. Based on participation at the Fair, Renhuang has secured several new business opportunities which the Company believes will contribute approximately $3.0 million to its fiscal year 2011 revenue.
"Our participation at the 63rd PHARMACHINA Fair was a great success. As the market demand for anti-depressants and nerve-regulating treatments continues to grow, our Siberiana Ginseng-based product series generated significant interest at the Fair," said Mr. Shaoming Li, Chairman and Chief Executive Officer of Renhuang. "We signed several agreements with new distributors and anticipate these deals will positively contribute to our revenue in fiscal 2011. As an increasing number of consumers seek alternatives to expensive chemical-based anti-depressants, we see significant growth opportunity for our cost-effective Siberian Ginseng products with their well-established efficacy and minimal side effects."
The PHARMACHINA fair, with over 30 years of history, is one of the largest and most well attended event in China's pharmaceutical industry. The Fair is the largest exhibition of pharmaceutical preparations and related technology services. It draws a wide range of manufacturers, sales professionals, distributors, researchers, and industry experts and provides an important platform for information exchange and medical cooperation. At the 63rd PHARMACHINA fair, there were a total of 3,200 booths with exhibitors displaying a range of products, including chemical-based drugs, TCM, bio-pharmaceuticals, OTC medicine, health care products, cosmetics, and healthcare-related technologies and other services. The Fair was attended by over 100,000 professionals representing 2,000 companies.
ABOUT RENHUANG PHARMACEUTICALS, INC.
Renhuang Pharmaceuticals, Inc. is engaged in the research, development, manufacturing, and distribution of botanical products, bio-pharmaceutical products, and traditional Chinese medicines ("TCM"), in the People's Republic of China. All of the Company's products are produced at its three GMP-certified production facilities in Ah City, Dongfanghong and Qingyang. The Company distributes its botanical anti-depression and nerve-regulation products, biopharmaceutical products, and botanical antibiotic and OTC TCMs through its network of over 3,000 distributors and over 70 sales centers across 24 provinces in China. Company Website: http://www.renhuang.com .
Safe Harbor Statement
This press release contains certain statements that may include
forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon management's beliefs, assumptions and expectations of the Company's future operations and economic performance, taking into account the information currently available to management. These statements are not statements of historical fact. Forward-looking statements involve risks and uncertainties, some of which are not currently known that may cause actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial condition expressed or implied in any forward-looking statements. These forward-looking statements are based on current plans and expectations and are subject to a number of uncertainties including, but not limited to, the Company's participation in the 63rd PHARMACHINA Fair and expected positive outcomes, ability to manage expansion of its operations effectively, and other factors detailed in the Company's annual report on Form 10-K and other filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You are cautioned not to unduly rely on such forward-looking statements when evaluating the information presented herein.
For more information, please contact: Company Contact: Renhuang Pharmaceuticals, Inc. Ms. Portia Tan, IR Contact Phone: +86-451-5392-5461 Email: firstname.lastname@example.org CCG Investor Relations: Ms. Lei Huang, Account Manager Phone: +1-646-833-3417 (New York) Email: email@example.com Web: www.ccgirasia.com Mr. Crocker Coulson, President Phone: +1-646-213-1915 (New York) Email: firstname.lastname@example.org
|SOURCE Renhuang Pharmaceuticals, Inc.|
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