BEIJING, Aug. 31 /PRNewswire-Asia/ -- RainEarth Inc. (OTC Bulletin Board: RNER; "the Company") announced today that the Company's Chinese subsidiary, Beijing Rain and Earth Technology Development Corp. Ltd. ("China RainEarth"), and HangZhou Municipal No.3 People's Hospital ("HangZhou No.3 Hospital"), entered into a Purchase Agreement (the "Agreement") for an amount of $4,800,000 RMB (approximately $703,000USD).
China RainEarth has been contracted to manufacture and deliver 80,000 dialyzers for medical use at HangZhou No.3 Hospital. These high quality fibers will be delivered within two months of the signing date. Each dialyzer is valued at approximately $60.00RMB (approximately $8.75USD), which brings the total contract value to $4,800,000 RMB (approximately $703,000USD).
HangZhou No.3 Hospital was founded in 1950 and has approximately 600 beds. They have received many honors from the municipal government and have passed the ISO9001:2000 Quality System Attestation issued from the PAL Institute, a Member of the British Association on Research Quality Assurance, in 2001.
"I'm very excited to have HangZhou No.3 Hospital as one of our most significant clients," said Zhu Yong Fu, CEO of the Company. "We are devoting all of our efforts to expand our client base and to keep our relationships with these prestigious clients, such as HangZhou No.3 Hospital. Our high quality and competitive price helps us ensure that we outpace our competitors. We will continue to achieve better performance in part thanks to this new venture," stated Zhu Yong Fu, CEO of the Company.
About Blood Dialysis
Blood dialysis is an effective measure for patients with acute and chronic
renal failure (uremia) to sustain their lives. In 2007, 7-8 million blood
dialyzers were sold in China. With the rapid social and economic development
as well as improvement of healthcare services, 15 million blood di
|SOURCE RainEarth Inc.|
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