QINGDAO, China and ROCKVILLE, Md., Feb. 20 /PRNewswire-Asia/ -- Synutra International, Inc. (Nasdaq: SYUT, "Synutra"), a leading infant formula company in China, and a producer, marketer and seller of nutritional products for infants, children and adults, today issued a statement explaining the inclusion of certain production permit numbers in a published list of revoked production permit numbers by China General Administration of Quality Supervision, Inspection, and Quarantine (AQSIQ). The Company had recently filed an application with AQSIQ for the revocation of obsolete production permits due to the dissolution of one of its operating subsidiaries, Qingdao Shengyuan Dairy Co., Ltd. The Company clarifies that all products under the old production permits are being made, distributed and sold by successor company Shengyuan Nutrition Food Co., Ltd. under the new production permit number QS370005020047, which is effective until December 21, 2010.
Synutra President and Chief Operating Officer Weiguo Zhang said, "Technical updates to our production certification are routine business activities and market speculations that we are closing our facilities are groundless and irresponsible. We operate within all applicable laws and regulations within China and in the United States. We are committed to providing our Chinese consumers the highest quality and safest products possible and we strive to continually improve shareholder value."
About Synutra International, Inc.
Synutra operates nine subsidiaries developing, producing, distributing and selling dairy-based nutritional products across the People's Republic of China. It offers its products for infants, children, adults, pregnant women and nursing mothers under the "Sheng Yuan" or "Synutra" master brand and several sub-brands, including "Super," "U-Smart" and "Minshan." The Group's extensive sales network covers 29 provinces and provincial-level municipalities in China, and comprises over 420 distributors and over 1,000 sub-distributors who sell Synutra's products in nearly 63,400 retail outlets.
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For more information, please contact: Weiguo Zhang of Synutra, Inc. Tel: +1-301-840-3888 Email: email@example.com Web site:http://www.synutra.com Delia Cannan of Taylor Rafferty Tel: +1-212-889-4350 Email: firstname.lastname@example.org
|SOURCE Synutra International, Inc.|
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