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
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