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

aier. "We are building our brand domestically as both a distributor and a trusted partner, and making progress toward the expansion of our homecare business beyond China. Our strong intellectual property portfolio continues to distinguish Dehaier in the marketplace, and we believe the addition of Dr. Wang will contribute tremendously to our R&D capabilities as well as our product development.  Dehaier remains committed to investing in ongoing innovation and enriching our product portfolio as we strive to provide customers with an all-in-one solution to meet their individual needs. We believe such initiatives will drive future financial gains and help to secure our growth over the longer term."

Mr. Chen added "Our cooperation agreement with Taiyo-Shanghai and Beijing Orient for home oxygen therapy service was a milestone for our homecare business, as were the opening of our first oxygen filling facility and first service center in July. Since launching this service in late April, we have received favorable reviews and gathered valuable customer feedback that is yielding tangible benefits that support our ongoing development and marketing efforts. In addition, we are developing a customer database that will provide us with cross-selling opportunities for our other homecare products.  We are pleased with the early results of this cooperation, and believe that this segment of our business can achieve tremendous growth once legislation is passed in Beijing to provide insurance reimbursement eligibility for home oxygen therapy services. Our plan to expand this business into other cities in China remains on track, enabling Dehaier to benefit from its first-mover advantage and capture sizeable share within this emerging market.

"We believe there are significant opportunities to further penetrate the market and are confident that our innovative products, diversified marketing channels and network, growing customer database, and geographic expansio
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SOURCE Dehaier Medical Systems Ltd.
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