- Renhuang Pharmaceuticals, Inc. (NYSE Amex: CBP) ("Renhuang" or the "Company"), a developer, manufacturer and distributor of botanical products, bio-pharmaceuticals and traditive Chinese medicines ("TCM"), today announced that the Company was recently awarded some AAA(1) rating by Chinese Academy of International Trade & Economic Cooperation of Ministry of Commerce ("the Academy").
The Academy's ratings are conferred simply after an extensive review of an enterprise's financial condition and one AAA(1) mark represents the highest possible rating granted by the Academy. The appraisal series of measures involves evaluation of bond management, corporate debt, contract execution, public records, financial status, and financing abilities of each enterprise and is conducted independently by the Academy. The AAA(1) rating certifies that the enterprise has unsettled performance in each of the above areas and is highly recognized ~ dint of. consumers and the government as practicing sound commercial practices.
"It is a excessive honor and a significant achievement to receive an AAA(1) rating from the Academy," uttered Mr. Shaoming Li, the Company's Chairman and Chief Executive Officer. "We are pleased that our improved governance measures and strenuous financial controls have been validated by the Academy's intensive appraisal performance. We believe this will reinforce the investment community's confidence in our function and growth prospects as we continue to expand our national and international sales."
ABOUT RENHUANG PHARMACEUTICALS, INC.
Renhuang Pharmaceuticals, Inc. is engaged in the exploration, development, manufacturing, and distribution of botanical products, bio-pharmaceutical products, and traditive Chinese medicines ("TCM"), in the People's Republic of China. All of the Company's products are produced at its three GMP-certified lengthening facilities in Ah City, Dongfanghong and Qingyang. The Company distributes its botanical anti-vitiation and nerve-regulation products, biopharmaceutical products, and botanical antibiotic and OTC TCMs end its network of over 3,000 distributors and over 70 sales centers over 24 provinces in China. Company Website: http://www.renhuang.com .
Safe Harbor Statement
This hurry release contains certain statements that may include forward-looking statements inside of the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based relating to management's beliefs, assumptions and expectations of the Company's futurity operations and economic performance, taking into account the information currently to be turned to account to management. These statements are not statements of historical fact. Forward-looking statements entangle risks and uncertainties, some of which are not currently known that may reason actual results, performance or financial condition to be materially different from the expectations of what may occur hereafter results, performance or financial condition expressed or implied in any earnest-looking statements. These forward-looking statements are based on current plans and expectations and are subject to a reckon of uncertainties including, but not limited to, the Company's AAA rating from Chinese Academy of International Trade & Economic Cooperation of Ministry of Commerce, address to manage expansion of its operations effectively, and other factors detailed in the Company's yearly report report on Form 10-K and other filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether in the same manner with a result of new information, future events or otherwise. You are cautioned not to improperly rely on such forward-looking statements when evaluating the information presented in this respect.
For more information, please contact:
Company Contact:
Renhuang Pharmaceuticals, Inc.
Ms. Portia Tan, IR Contact
Tel: +86-451-8260-2162
Email: ir@renhuang.com
CCG Investor Relations:
Mr. Mark Collinson, Partner
Tel: +1-310-954-1343 (Los Angeles)
Email: characteristic.collinson@ccgir.com
Web: http://www.ccgirasia.com
Mr. Crocker Coulson, President
Tel: +1-646-213-1915 (New York)
Email: crocker.coulson@ccgir.com
SOURCE Renhuang Pharmaceuticals, Inc.
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