SOURCE: China Yongxin Pharmaceuticals, Inc.

December 02, 2008 09:00 ET

China Yongxin Pharmaceuticals, Inc. Establishes Retailing Chain Management Head Office to Uniformly Manage Its Growing Base of Chain Drugstores

CHANGCHUN, CHINA and LOS ANGELES, CA--(Marketwire - December 2, 2008) - China Yongxin Pharmaceuticals, Inc. ("China Yongxin Pharmaceuticals" or "the Company") (OTCBB: CYXN), a leading distributor and retailer of pharmaceuticals in Northeastern China, announced today that it has recently established a Retailing Chain Management Head Office to uniformly manage its growing base of chain drugstores.

"We established the Retailing Chain Management Head Office to further the implementation of our 5-year strategic development plan for the retailing chain business of China Yongxin," stated Mr. Yongxin Liu, Chairman and CEO of China Yongxin Pharmaceuticals, Inc. "This facility will allow us to plan for the expansion of the retailing chain through all levels, to integrate our resources and methodically execute on rolling out new stores. Concurrently, it will allow us to set up a standardized medicine retailing chain operation system, to construct a scalable operation that adopts international standards, and enjoys competition in the market. Additionally, the Head Office helps to create the China Yongxin retailing chain brand image with a unique chain operations pattern. So, in effect, this facility will help us to enhance our competitive advantage."

He added, "The establishment of the China Yongxin Retailing Chain Management Head Office signals that China Yongxin's retail chain business has entered into a new phase of growth. The implementation of a uniform 'VI' system, a standardized operations handbook, a uniform business management system, and standardized operations regulations provide a strong foundation for rapid enterprise growth and continuous expansion. It will lead our retail drugstore operations in a healthy, stable and continuous development direction."

About China Yongxin Pharmaceuticals

China Yongxin Pharmaceuticals Inc. (OTCBB: CYXN) was founded in 1993 as Changchun Yongxin Dirui Medical Co., Ltd. (Yongxin), a wholesale drug distributor. Its products include Chinese traditional medicines, chemical preparations, natural health products, cosmetics and medical equipment. China Yongxin began retail operations in 2001 and, in 2005, gained China's Jilin Province franchise rights from Medicine Shoppe China Inc. By the end of 2007, the Company had become a rapidly growing medicine distributor and retailer in the northeast of China. Currently, the company has five subsidiaries including 93 chain pharmacies.

Forward Looking Statements: This news release contains certain "forward-looking statements." Forward-looking statements are based on current expectations and assumptions and are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, and many of which are beyond the Company's control. The forward-looking statements are also identified through the use of words "believe," enable," "may," "will," "could," "intends," "estimate," "anticipate," "plan," "predict" "probable," "potential," "possible," "should," "continue," and other words of similar meaning. Actual results could differ materially from these forward-looking statements as a result of a number of risk factors detailed in the Company's periodic reports filed with the SEC. Given these risks and uncertainties, investors are cautioned not to place undue reliance on such forward-looking statements and no assurances can be given that such statements will be achieved. China Yongxin Pharmaceutical Inc. does not assume any duty to publicly update or revise the material contained herein.

Contact Information

  • Contact:
    Mr. Sam Liu
    China Yongxin Pharmaceuticals, Inc.
    (626) 581-9098
    Email: Email Contact