turing facilities and an R&D platform supported
by leading Chinese academic institutions. The Company has a pipeline of 48
pharmaceutical products pending approval. Tianyin has an extensive
nationwide distribution network throughout China with a sales force of 720
salespeople. Tianyin is headquartered in Chengdu, Sichuan Province with two
manufacturing facilities and a total of 1,384 employees. Tianyin achieved
revenue of approximately $33.5 million and net income of approximately $6
million in FY2008 ending June 30, 2008. For more information about Tianyin,
please visit
http://www.tianyinpharma.com
Safe Harbor Statement
This Press Release contains or may contain forward looking statements
and information that are based upon beliefs of and information currently
available to the Company's management as well as estimates and assumptions
made by the Company's management. When used herein the words "anticipate",
"believe", "estimate", "expect", "future", "intend", "plan" and similar
expressions as they relate to the Company or the Company's management
identify forward looking statements. These statements involve certain risks
and uncertainties including but not limited to risks associated with the
uncertainty of future financial results, additional financing requirements,
development of new products, government approval processes, the impact of
competitive products or pricing, technological changes, the effect of
economic conditions and other uncertainties detailed in the Company's
filings with the Securities and Exchange Commission. Should one or more of
these risks or uncertainties materialize, or should the underlying
assumptions prove incorrect, actual results may differ significantly from
those anticipated, believed, estimated, intended or planned.
For more information, please contact:
For the Company:
Allen Tang, Ph.D., MBA, Assistant to the CEO
China 1582122564
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SOURCE Tianyin Pharmaceutical (TPI) Copyright©2008 PR Newswire. All rights reserved | |
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