SHENZHEN, China, May 14 /PRNewswire-Asia/ -- Domain Registration Corp. (OTC Bulletin Board: DOMR), today announced that on May 7, 2009, the Company acquired all of the outstanding capital stock of China Northern Pharmacy Holding Group Limited ("CNPH"), a British Virgin Islands corporation, and the Board of Directors has adopted certain amendments, which include a name change to "BioPharm Asia, Inc.", which shall become effective upon shareholder approval and an information statement supplied to the SEC.
CNPH is a holding company that acquired all of the outstanding stock of China Northern Pharmacy Holding Group Limited in Hong Kong ("CNPH HK"), a limited liability company organized under the laws of the People's Republic of China ("PRC" or "China") that owns two operating subsidiaries focused on pharmaceutical logistics and distribution as well as the sale of various herbal products throughout China.
The Company, through these two wholly owned operating subsidiaries, is committed to creating a comprehensive pharmaceutical company in China through an integrated industry chain and remains dedicated to the Chinese medicine industry. "BioPharm Asia" intends to further expand its business scope to cover Tibetan pharmacies, healthcare services, and medicine delivery services comprising telephone and online order services. The Company's revenue in 2008 was USD91 million, with a net profit of USD15.6 million.
In accordance with the successful reverse merger, "BioPharm Asia" held a
press conference and strategic cooperative agreement signing ceremony with the
local government of Tonghua County. The press conference was attended by some
institutional investors and investment banks from the United States, and
entrepreneurs from approximately 50 well-known Chinese pharmaceutical
companies, medicine distributors and pharmacy chains. Related officers from
the Chinese equivalent of the Food and Drug Admi
|SOURCE Domain Registration Corp.|
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