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Dehaier Medical Announces Record Second Quarter 2011 Financial Results
Date:8/15/2011

rage shares outstanding of 3.6 million in the first six months of 2010.

Second Quarter 2011 and Recent Business Highlights

  • Launched home oxygen therapy service program in Beijing through a strategic cooperation agreement with leading medical oxygen provider, Taiyo Nippon Sanso Shenwei Medical Gas ("Taiyo-Shanghai") and Beijing Orient Medical Gas ("Beijing Orient"), and opened the Company's first oxygen filling facility and first service center in the Haidian District, Beijing, China.
  • Signed exclusive agreement with distributor in Taiwan to distribute Dehaier Continuous Positive Airway Pressure ("CPAP") devices, marking the Company's first distribution authorization outside of the PRC.
  • Strengthened intellectual property portfolio with grant by PRC State Intellectual Property Office ("SIPO") for three design patents related to Dehaier's sleep diagnostic products, CPAP products and medical-grade air compressors.
  • Won a bid and signed a medical equipment supply agreement valued at approximately $1.3 million with Beijing Hospital 301, one of the largest and most prominent medical facilities in China.
  • Signed a cooperation agreement with Beijing Kanglian Medicines Co., Ltd. to develop, operate and implement a new rural healthcare construction project in Hunan and Anhui provinces, which is supported by China Development Bank Corporation.
  • Appointed Dr. Xiaoqing Wang as the Company's Chief Technology Officer. Dr. Wang brings more than 20 years of biomedical engineering experience to Dehaier, and will be focused on leading the development of second-generation oxygen concentrators and second-generation PAP ventilators, such as CPAP, BiPAP, etc.

  • "Increased acceptance of Dehaier products by hospitals and other healthcare facilities, as well as growth in government projects were the primary catalysts behind our strong top and bottom line performance in the second quarter," said Mr. Ping Chen, CEO of Deh
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    SOURCE Dehaier Medical Systems Ltd.
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    2. Dehaier Opens First Oxygen Filling Facility and First Service Center for Home Oxygen Therapy Service in Beijing
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