Navigation Links
China BCT Signs Exclusive Distribution Contract With Liujiang County Chinese Medicine Hospital
Date:6/30/2010

LIUZHOU CITY, China, June 30 /PRNewswire-Asia-FirstCall/ -- China BCT Pharmacy Group, Inc., (OTC Bulletin Board: CNBI), ("China BCT" or the "Company"), a leading pharmaceutical distributor, retail pharmacy, and manufacturer of pharmaceutical products in Guangxi Province, China, today announced that the Company signed an exclusive pharmaceutical distribution contract with Liujiang County Chinese Medicine Hospital for a three-year period effective July 1, 2010.

China BCT will supply a minimum of 95% of all pharmaceutical products required by Liujiang County Chinese Medicine Hospital, covering approximately 500 products while maintaining priority rights to supply the remaining 5% of products. China BCT management estimates that this distribution arrangement will generate approximately $1 million in annual revenue.

"This contract signifies our brand's considerable strength within Guangxi Province and will strengthen our gross margins," commented Mr. Hui Tian Tang, Chairman and Chief Executive Officer of China BCT. "Liujiang County Chinese Medicine Hospital will increase its efficiency by streamlining purchasing processes through our exclusive distribution agreement. We target to win more exclusive distribution contracts for our wholesale distribution business, as expansion of this segment is one of our key business strategies and growth drivers to maintain healthy and sustainable profit margin."

About China BCT

China BCT is engaged in pharmaceutical distribution, pharmacy retailing, and the manufacture of pharmaceuticals products through its subsidiaries Guangxi Liuzhou Baicaotang Medicine Limited, Hefeng Pharmaceutical Co. Limited, and Guangxi Liuzhou Baicaotang Medicine Retail Limited in Guangxi province, China. It operates a large regional retail network in Guangxi province, consisting of 125 directly owned retail stores in Guangxi province and currently over 8,000 products are distributed through the Company's wholesale distribution network. For more information, please visit http://www.china- bct.com

Safe Harbor Statement

This presentation contains "forward-looking statements" within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including the significance of the appointment of the new directors. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company has no obligation to update the forward-looking information contained in this presentation.

    For more information, please contact:

    Company Contact:
     Ms. Shelly Zhang, Chief Financial Officer
     China BCT Pharmacy Group, Inc.
     Email: z_shelly@hotmail.com
     Tel:   +86-772-363-8318
     Web:   http://www.china-bct.com

    Investor Relations Contact:

    CCG Investor Relations
     Mr. Crocker Coulson, President
     CCG Investor Relations
     Email: crocker.coulson@ccgir.com
     Tel:   +1-646-213-1915

     Mr. Shaun Smolarz
     Financial Writer
     Email: shaun.smolarz@ccgir.com
     Tel:   +1-646-701-7444
     Web:   http://www.ccgirasia.com


'/>"/>
SOURCE China BCT Pharmacy Group, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. China Medical Technologies Announces the Recent Publication of a Study on its SPR Analyzer and HPV DNA Chip in Cancer Genetics and Cytogenetics and the Creation of a Medical Publications Column to the Investor Relations Section on its Website
2. VacChina 2010 - A Premium Event to Define the Vaccine Industry in Asia
3. Kun Run Biotechnology Announces That They Have Obtained the Manufacturing Approval for Entecavir from the China State Food and Drug Administration
4. Diagnostic Imaging Markets in Brazil, Russia, India, China (BRIC) 2010 - 2015: MarketsandMarkets
5. Emerging Markets (BRIC - Brazil, Russia, India and China): Patient Monitors 2010 - 2014
6. China Medical Technologies Reports Financial Results for Fourth Fiscal Quarter and Full Year ended March 31, 2010
7. China Sky One Medicals Subsidiaries Recognized as Provincial Model Companies
8. Reportlinker Adds China Patient Monitoring Market Outlook to 2016
9. China BCT Acquires 11 Stores, Expanding Retail Pharmacy Network
10. Reportlinker Adds China Cardiovascular Devices Market Outlook to 2016
11. China Yongxin Pharmaceuticals Announces 1-for-12 Reverse Stock Split
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/20/2017)... Avillion LLP, a co-developer and financier of late-stage pharmaceutical product candidates, ... Chief Medical Officer. Dr Weinberg will be based in ... ... 17 years as a pharmaceutical and biotech executive with experience ranging ... of his career, he has interfaced with the US Food & ...
(Date:1/19/2017)... -- Report Details What can be expected ... to grow at the fastest rates? This visiongain report ... opportunities and prospects. Our 190-page report provides 124 ... in the industry and the future market prospects. Our ... all the major categories of the ophthalmic devices market. ...
(Date:1/19/2017)... , Jan. 19, 2017 Conference Call and Webcast to ... ) today announced it will release results for the fourth quarter ... ... host a conference call at 4:30 PM ET on Wednesday, February ... full year 2016 financial results and other corporate activities. To participate ...
Breaking Medicine Technology:
(Date:1/21/2017)... ... January 21, 2017 , ... Pacifica Graduate Institute’s Alumni Association ... of events for its annual meeting “Coming Home 2017,” an activity-packed weekend of ... 2017” will be held on Friday January 27 through Sunday, January 29, 2017 ...
(Date:1/21/2017)... ... , ... In the United States, 20 million women and 10 million men ... feel shame for having struggled with an eating disorder as well as common co-occurring ... in Life After an Eating Disorder” -- to be featured at this year’s iaedp ...
(Date:1/20/2017)... ... ... A new partnership between Goodwill® and Roadie, Inc. aims to make it ... to couches to dressers and bicycles. Roadie — the national on-the-way delivery network — ... center through February 28th. , “January is an exciting time when resolutions are ...
(Date:1/20/2017)... Boca Raton, FL (PRWEB) , ... January 20, 2017 , ... ... supplement development, announced it attended the January ECRM trade show to continue the marketing ... technologically advanced vitamin C supplement, known for providing 400 percent better absorption than traditional ...
(Date:1/20/2017)... , ... January 20, 2017 , ... ... products to enhance people’s everyday lives, recently attended the January ECRM Trade Show ... ATP Science is known for its large range of supplements that keep the ...
Breaking Medicine News(10 mins):