NEW YORK, Oct. 15 /PRNewswire-FirstCall/ -- Greater China Corporation (Pink Sheets: GCHC.PK) announced the formation of TongRenTang Wellness Corporation in partnership with TRT USA Corp. The new company, which is owned equally by the two partners, will develop spa-like wellness centers that will provide treatments and products based upon China's famous TongRenTang herbal medicines. These will include acupuncture, massage, acupressure, Tuina, Tai-Chii, Qigong, reflexology and many other oriental treatments as well as a full line of herbal foods and health products.
Tong Ren Tang (http://www.tongrentang.com) is China's oldest and most prestigious brand name. The company was started in 1669 under the Qing Dynasty and for more than 200 years was the exclusive supplier of natural medicines to China's Imperial Court. Today it is a $10 billion business in China and is rapidly expanding internationally.
Greater China Corporation (http://www.gccweb.blogspot.com/) is a U.S. public company specializing in diversified growth opportunities in China and associated economies.
The TongRegTang Wellness Centers will be the first extension of these herbal treatments to the spa market. Wellness centers will be located in historical Chinese communities and other retail locations including health and exercise centers, shopping malls, airports and existing spas. A higher end market will be developed in conjunction with luxury hotels, cruise ships and other exclusive locations. Pilot programs are currently under development for both market segments.
The growing fascination with Chinese traditional medicines and the desire for more spa-like treatments and wellness programs represent the positive trends upon which the TongRenTang Wellness Centers are being developed.
Statements in this press release that are other than historical facts are "forward-looking" in that they contain expectations about future results. There can be no assurance that the events described in the above announcement will be completed as anticipated.
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|SOURCE Greater China Corporation|
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