Renhuang Wins Bid to Supply All-Natural Products to Guangzhou Military District
HARBIN, China, June 17 /PRNewswire-Asia-FirstCall/ -- Renhuang Pharmaceuticals, Inc. (Pink Sheets: RHGP) ("Renhuang" or the "Company"), a developer, manufacturer and distributor of botanical products, bio-pharmaceuticals and traditional Chinese medicines ("TCM"), today announced that on June 11, 2010, Renhuang won a major one-year contract bid to supply its all-natural products to Guangzhou Military District, an important new sales distribution channel that includes supply to military hospitals and armed forces across many provinces in China. Renhuang expects this new contract to generate additional revenues of approximately $0.6 million in 2010 and $1.2 million in 2011.
Guangzhou Military District officials informed Renhuang that the Company had been successful in its bid to supply its plant-based Shengmai Granules, a gynecological medication, Tianma headache tablets, and Siberian Ginseng series products to the Guangzhou Military District's medical purchasing department. The order marks the Company's first major sale to a military medical distribution channel. Renhuang is the leader in the production and development of Siberian Ginseng medicines, which possess scientifically-established medical benefits, including sleep improvement qualities.
The Guangzhou Military District is one of the most important of
China's military administrative
regions and includes military hospitals and other medical
facilities in Hubei, Hunan, Guangdong and Hainan provinces, as well as in Hong