Thursday, November 30, 2006 6:45:27 PM
Thursday November 30, 9:00 am ET
LOS ANGELES, Nov. 30, 2006 (PRIME NEWSWIRE) -- Sunnylife Global, Inc. (Other OTC:SNYL.PK - News) announced today that Hamed Khorsand, Senior Analyst at BWS Financial, issued a Buy Rating for Sunnylife's stock in a Research Report to the investment community initiated November 29th. Mr. Khorsand quoted a price target of $1.80 for Sunnylife's stock in 12 months. The stock closed today at $0.52 a share on 168,000 shares of trading, up 3 cents for the day.
Hamed Khorsand, who also covers Chindex International (CHDX), issued a comprehensive report detailing the business model of Sunnylife Global, Inc. and its Health Management System (HMS) and in which he carefully describes the joint venture agreements Sunnylife Global has with the Central and local governments of China to renovate and upgrade their Level 2 hospitals and to provide basic health care to a government supported, prepaid membership base of 50,000 government employees. The HMS is designed with a blend of eastern and western health care remedies and services. Mr. Khorsand clearly recites the basis upon which Sunnylife Global will receive $18.75 million per hospital at the beginning of each year which will net Sunnylife $3.9 million in profits per hospital, per year.
The first hospital named The Xiang Tan World Friendship Hospital in Xiang Tan, Hunan, PRC, was turned over to Sunnylife Global in May 2006 at a dedication ceremony hosted by the government of Hunan province. Sunnylife currently has 21 signed agreements and a potential of 100 with the local governments of China. The Company expects to have 3 hospitals operating under its ownership by 2008, with an expected growth to 14 hospitals renovated and operating under Sunnylife Global by 2010. The joint ventures with the China governments provide for 70% equity to Sunnylife and 30% to the local governments.
About BWS Financial
BWS Financial (Beating Wall Street) is an independent stock research firm focusing on companies that have little or no street coverage. BWS Financial located in Los Angeles specializes in biotechnology, technology, and the healthcare industries. The research by BWS Financial has been highly ranked by Starmine. BWS Financial has no affiliation with Sunnylife Global, Inc. For more information visit http://www.beatingwallstreet.com.
About Sunnylife Global, Inc.
Sunnylife Global, Inc. has developed a Health Management System (HMS) in conjunction with the Chinese Government Authorities that will result in delivering superior quality health care management to its members. The Company is in multiple joint-venture agreements with the World Friendship Hospital Group to renovate and revitalize China's older hospital facilities in order to meet the current International standard. Sunnylife has developed the HMS to meet that standard and is planning to launch in early 2007. In addition, the Company has patented natural, environmentally safe and economically affordable products which it plans to introduce to Chinese consumers through seven different joint venture licensees in China. Sunnylife represents an organization staffed with professional experts in product research, quality acceptance testing, and market development for service to China and the global markets. For more information visit http://www.sunnylifeglobal.com.
Contact:
Sunnylife Global, Inc.
Fran Daniels
(310) 278-4413
finsci@earthlink.net
Source: Sunnylife Global, Inc.
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