Navigation Links
Shengtai Pharmaceutical, Inc. Comments On Its Operations
Date:2/26/2009

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 http://www.shengtaipharmaceutical.com , 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
     Email: shengtaicfo@hotmail.com

    Grayling
     Eddie Cheung
     Investor Relations
     Tel:   +1-646-284-9414
     Email: echeung@hfgcg.com

'/>"/>
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:
*Name:
*Comment:
*Email:
(Date:2/27/2017)... ... 2017 , ... Much attention has been paid to the problem of men ... painkillers has fallen short. From 1999 until 2010, fatal overdoses from prescription pain medications ... in male populations.(1) , The proportion of women using illicit drugs is also increasing ...
(Date:2/27/2017)... ... ... Orange County dentist, Dr. A. Rassouli, comments on the new ... bacteria in plaque infect the gums and other tissues supporting the teeth. Treatment typically ... SRP, and can include surgical therapies if the condition has led to significant damage. ...
(Date:2/27/2017)... POUGHKEEPSIE, N. Y. (PRWEB) , ... February 27, 2017 , ... ... Society ( ILADS ) has disclosed that despite scientific studies, the Center for Disease ... of chronic Lyme disease . Kenneth B. Liegner, M.D. has compiled into ...
(Date:2/27/2017)... ... February 27, 2017 , ... Silicon ... proud to announce a new informational post on robotic hair transplantation. San Francisco ... (FUE) hair transplant and Follicular Unit Transplantation (FUT) can sound similar. Either treatment ...
(Date:2/26/2017)... (PRWEB) , ... February 25, 2017 , ... The February ... Jong-un, heightened awareness and concern over nerve agents and the deadly use of chemical ... human nervous system and how even small doses can be lethal. , Jay Jagannathan, ...
Breaking Medicine News(10 mins):
(Date:2/28/2017)... Fourth-quarter 2016 revenues of $1,242 million brings ... of guidance Company reports ... associated with the write-down of goodwill and intangible assets ... Fourth-quarter reported $14.96 diluted (GAAP) ... $14.48 diluted (GAAP) loss per share from continuing operations ...
(Date:2/27/2017)... Halyard Health, Inc. (NYSE: HYH ) ... its 2017 outlook and related key planning assumptions. Executive Summary ... a 2 percent increase compared to the prior year. ... $10 million compared to net income of $15 million in ... was $24 million compared to adjusted net income of $27 ...
(Date:2/27/2017)... 27, 2017  Interpace Diagnostics Group, Inc. (NASDAQ: IDXG), ... molecular diagnostic tests and pathology services, announced today the ... upcoming United States and Canadian ... 2017 in San Antonio, Texas . ... data from the Company,s extensive experience in molecular thyroid ...
Breaking Medicine Technology: