Navigation Links
Shengtai Pharmaceutical, Inc. Comments On Its Operations

WEIFANG, Shandong, China, Feb. 26 /PRNewswire-Asia-FirstCall/ -- Shengtai Pharmaceutical, Inc. (OTC Bulletin Board: SGTI) ("Shengtai" or "the Company"), a leading manufacturer and distributor of high-quality, pharmaceutical grade glucose products in China, today updated investors regarding the current status of its sales and production.

The Company proactively lowered its cornstarch production during the fiscal year 2009 second quarter due to the worldwide economic downturn and the decrease in demand caused by it. This action allowed Shengtai to focus its resources on growing its domestic core glucose business and minimize risks. Going forward, a higher production rate combined with stable corn prices will help reduce the unit cost of our cornstarch products. Domestic PRC sales of the Company's core glucose products remain positive.

Shengtai's long-term strategy to become a fully integrated supplier of pharmaceutical grade glucose with significant market share both domestically and internationally remains intact. The more glucose sold, the more of Shengtai's cornstarch will be consumed internally, and the Company will be less exposed to market conditions. The aim of Shengtai's vertically integrated strategy is to ultimately consume most of cornstarch produced internally. With the benefit of the Chinese government's heavy investment in the health care sector, we believe that the Company's goal to become fully integrated may come sooner than expected.

"We have developed a robust platform that is both specialized and profitable. We believe that health care reform in the PRC will positively impact our business," commented Mr. Qingtai Liu, CEO of Shengtai Pharmaceutical, Inc. "With the Chinese government opening up the vast rural market which was historically underdeveloped with low medical budgets and little medical consumption, we have a new revenue stream which will add to the growth our glucose business. We believe this is an excellent opportunity for Shengtai because of our first mover advantage into these markets and our superior products."

For additional information regarding Shengtai Pharmaceutical and its related businesses, please visit , as we recently updated our frequently asked questions (FAQ) section to include additional company- and industry-related questions.

About Shengtai Pharmaceutical, Inc.

Shengtai Pharmaceutical, Inc. through its wholly owned subsidiary, Shengtai Holding, Inc. (SHI), and the Chinese operating company of Weifang Shengtai Pharmaceutical Co., Ltd., is a leading manufacturer and supplier of pharmaceutical grade glucose used for medical purposes. It also manufactures and supplies glucose and cornstarch products to the food, beverage and industrial production industries in China.

Forward-looking Statements

Certain statements made in this news release, may contain forward-looking statements concerning the Company's business and products. These statements include, without limitation, statements regarding our ability to prepare the Company for growth, the Company's planned capacity expansion and predictions and guidance relating to the Company's future financial performance. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs, but they involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, which may include, but are not limited to, such factors as unanticipated changes in product demand especially in the pharmaceutical industry, pricing and demand trends for the Company's products, changes to government regulations, risk associated with operation of the Company's new facilities, risk associated with large-scale implementation of the Company's business plan, the ability to attract new customers, ability to increase its product's applications, cost of raw materials, downturns in the Chinese economy, and other information detailed from time to time in the Company's filings and future filings with the United States Securities and Exchange Commission. Investors are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements made herein speak only as of the date of this press release and the Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.

    For more information, please contact:

    Shengtai Pharmaceutical, Inc.
     Ms. Yiru Melody Shi
     Chief Financial Officer

     Eddie Cheung
     Investor Relations
     Tel:   +1-646-284-9414

SOURCE Shengtai Pharmaceutical, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Shengtai Pharmaceutical Schedules 2009 Second Quarter Financial Results and Conference Call
2. Shengtai Pharmaceutical, Inc. Comments on Chinas Recently Approved Health Care Reform Plan
3. Shengtai Pharmaceutical to Present at Roth 21st Annual OC Growth Stock Conference
4. Shengtai Pharmaceutical Expands International Sales Program
5. Shengtai Pharmaceutical, Inc. Reports Third Quarter Results of Fiscal Year 2008
6. Shengtai Pharmaceutical, Inc. Announces Conference Call to Discuss Third Quarter Results of Fiscal Year 2008
7. Shengtai Pharmaceutical, Inc. Reports Strong Second Quarter Results of Fiscal Year 2008
8. Shengtai Pharmaceutical, Inc. to Present at Roth Conference
9. Shengtai Pharmaceutical, Inc. to Present at Roth Capital Phoenix Conference
10. Shengtai Pharmaceutical, Inc. Reports First Quarter Results of Fiscal Year 2008
11. Shengtai Pharmaceutical, Inc. Reports Record 2007 Annual Results
Post Your Comments:
(Date:11/27/2015)... ... ... According to an article published November 6th by The Telegraph, ... British Columbia suggested that laws requiring bicyclists to wear helmets may not actually decrease ... reason for the controversial conclusion is that, while helmets have certainly prevented a great ...
(Date:11/27/2015)... ... 27, 2015 , ... "When I was traveling, I was ... N.J. "Many people catch diseases simply from sitting on such dirty toilet seats. ... from germs." , He developed the patent-pending QUDRATECS to eliminate the need to ...
(Date:11/27/2015)... , ... November 27, 2015 , ... ... of progress through sharing, the 2016 Building Better Radiology Marketing Programs ... will begin on Sunday, March 6, 2016, at Caesars Palace in Las Vegas ...
(Date:11/27/2015)... (PRWEB) , ... November 27, 2015 , ... CBD ... Accreditation of Allied Health Education Programs (CAAHEP) awarded accreditation to its Diagnostic Medical Sonography ... CAAHEP accredited colleges, as only one of twelve colleges and universities in the state ...
(Date:11/26/2015)... , ... November 26, 2015 , ... ... abuse located in central Michigan, have come together on Thanksgiving Day to share ... video, available for viewing on the Serenity Point YouTube channel, patients displayed what ...
Breaking Medicine News(10 mins):
(Date:11/26/2015)... PUNE, India , November ... --> ... / personal emergency response system ... grow steadily for 5 years ... growing region expected to see ...
(Date:11/26/2015)... WILMINGTON, North Carolina , 26 november ... Laboratories, Inc. (AAIPharma/CML) kondigt de geplande investering ... de uitbreiding van de laboratoria en het ... . De uitbreiding zal resulteren in ... waarmee wordt voldaan aan de groeiende behoeften ...
(Date:11/26/2015)... Nederland, November 26, 2015 ... Een nieuwe aanpak combineert immunotherapie met Bremachlorin-photodynamische ... ) --> ...      (Photo: ) ... Universitair Medisch Centrum (LUMC) blijkt ...
Breaking Medicine Technology: