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Sunnylife Global, Inc. Completes $10 Million Financing for Restoration of the Xiang Tan World Friendship Hospital in Hunan, China for a Total Investment of $12.2 Million
Tuesday September 26, 9:00 am ET
LOS ANGELES, Sept. 26, 2006 (PRIMEZONE) -- Sunnylife Global, Inc. (Other OTC:SNYL.PK - News) announced today it has completed a $10 million financing through AOB Management Inc. in Arcadia, California (http://www.aobinc.com) for the restoration of its Xiang Tan World Friendship Hospital in Hunan, China for a total investment of $12.2 million.
AOB Management, Inc. is a financial group that provides business loans and expertise in setting up the U.S. gap accounting systems required at the hospital. The hospital is currently preparing for the renovation work and has begun taking bids from various architectural firms. The bidding is estimated to finish before mid-November, 2006 and distribution of the investment capital is expected to commence by the end of November, 2006.
Sunnylife Global, Inc. became the first American company to be granted a Business License by the Central Government of China to operate in the People's Republic of China. The Xiang Tan World Friendship Hospital was officially turned over to Sunnylife Global, Inc. on May 10, 2006. Since that date, Sunnylife has begun enrollment of new members to participate in its Health Management System (HMS) which Sunnylife is offering to employees of government-owned industrial facilities in conjunction with the Chinese Government Authorities. The Company has completed enrollment of 25,000 members and will continue until it has enrolled 50,000 members. The membership program and payments to Sunnylife are expected to begin in January 2007.
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 the very near future. 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.
Contact:
Financial Sciences of America
Investor Relations:
Fran Daniels, President
(310) 278-4413
finsci@earthlink.net
Source: Sunnylife Global, Inc.
Sunnylife Global, Inc. Granted Official Health Food Permit From the Chinese Government's Ministry of Health for Its Ten Patented Supplement Products
Thursday September 21, 9:00 am ET
LOS ANGELES, Sept. 21 /PRNewswire-FirstCall/ -- Sunnylife Global, Inc. (OTC: SNYL - News) announced today it was granted an official Health Food Permit No. 430300-000168 for its ten patented supplement products. This will allow the Company to move forward with mass-production of these products and to make them available to members of the World Friendship Hospital as part of its Health Management System and as its first step towards preventive medicine. The World Friendship Hospital is expected to be the platform for Sunnylife Global to introduce the supplements to China, and also bring the prophylaxis concept to Chinese citizens.
Following, Sunnylife intends to introduce the approved patented supplement products for sale into the Chinese market for the general public in order to realize their full potential.
The ten supplements of Sunnylife Global Inc. which received the Health Food Permit are: My Beauty (to hydrate the skin), Chromium Plus (to maintain healthy glucose levels), Free Circulation (to reduce cholesterol and low density lipoprotein), Max Osteo Support (to increase bone density), Power Fuel (to strengthen cerebral activity and improve memory), Health Restore (to aid the body's immune system), Anti-Ox (to fight free radicals), Allergy Care (to eliminate excessive response to allergy), Menopeace (to reduce symptoms associated with menopause),and Lady's Comfort (an anti-aging nutrient for women).
About Sunnylife Global, Inc.
Sunnylife Global, Inc. has developed a Health Management System (HMC) 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 the very near future. In addition, the Company has patented natural, environmentally safe and economically affordable products which it plans to introduce to Chinese customers 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.
Safe Harbor Statement
The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. All forward-looking statements attributable to the Company, or persons acting for the Company, are expressly qualified in their entirety by these cautionary statements.
Contact: Investor Relations
Fran Daniels
Financial Sciences of America
(310) 278-4413
finsci@earthlink.net
Source: Sunnylife Global, Inc.
I spoke to a representitive/he said they are in transition w/move to new location/Said it will go to $5.00 in 18Mo, especially if they able to get on an Asian market/ I'am going to hang tight and see what happens. This company is unique in its relation to China. Sounds like they are working hard to make this company work. Too much opportunity to take advantage of w/China's population. We can make it happen as investors if we dont bail. If they do a fraction of what they say, we as investors will profit. Not too much hype, which I like. See you on the other side.
CORRECTING and REPLACING: Sunnylife Global, Inc. Establishes Office in Zhongshan China
Thursday September 14, 7:31 pm ET
LOS ANGELES, Sept. 14, 2006 (PRIMEZONE) -- In a release issued earlier today, the population of Zhongshan City was incorrectly stated as 250 million rather than 2.5 million. The corrected release follows.
Sunnylife Global, Inc. (Other OTC:SNYL.PK - News) announced today it has established an office in Zhongshan City, Guangdong Province of China.
Zhongshan City has a population of more than 2.5 million and the Gross Domestic Product is stated at 61,014 million RMB (US$7.7 billion). Zhongshan City has attracted investments into production facilities from firms like Canon, Toshiba, CASIO, EMC, ZEUS, making the city dominant in OEM production bases.
In addition to Sunnylife's relationship with Zhongshan Securities, the decision by the Company to open offices in Zhongshan City resulted from a marketing study which showed that Sunnylife is expected to benefit significantly from cooperative agreements with the OEM manufacturers for production of its proprietary products.
At the same time, Sunnylife Global, Inc. has entered into an agreement with Zhongshan Securities Co., Ltd. to sponsor them in their listing application to trade their stock in China. Shandong Luyin Pharmaceutical Co. will be Sunnylife Global's first joint venture partner to trade its shares in the China stock market.
About Sunnylife Global
Sunnylife Global, Inc. has developed a Health Care Management System (HCMS) 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 hospitals that comprise the World Friendship Hospital Group for Sunnylife to renovate and revitalize China's older hospital facilities in order to meet the current international standard. Sunnylife has developed the HCMS to meet that standard and is planning to launch in the very near future. In addition, the Company has patented natural, environmentally safe and economically affordable products which it plans to introduce to Chinese customers through seven independent retail chains 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, please visit http://www.sunnylifeglobal.com
Contact:
Financial Sciences of America
Fran Daniels
(310) 278-4413
finsci@earthlink.net
Source: Sunnylife Global, Inc.
Sunnylife Global, Inc. Establishes Office in Zhongshan China
Thursday September 14, 9:00 am ET
LOS ANGELES, Sept. 14, 2006 (PRIMEZONE) -- Sunnylife Global, Inc. (Other OTC:SNYL.PK - News) announced today it has established an office in Zhongshan City, Guangdong Province of China.
Zhongshan City has a population of more than 250 million and the Gross Domestic Product is stated at 61,014 million RMB (US$7.7 billion). Zhongshan City has attracted investments into production facilities from firms like Canon, Toshiba, CASIO, EMC, ZEUS, making the city dominant in OEM production bases.
In addition to Sunnylife's relationship with Zhongshan Securities, the decision by the Company to open offices in Zhongshan City resulted from a marketing study which showed that Sunnylife is expected to benefit significantly from cooperative agreements with the OEM manufacturers for production of its proprietary products.
At the same time, Sunnylife Global, Inc. has entered into an agreement with Zhongshan Securities Co., Ltd. to sponsor them in their listing application to trade their stock in China. Shandong Luyin Pharmaceutical Co. will be Sunnylife Global's first joint venture partner to trade its shares in the China stock market.
About Sunnylife Global
Sunnylife Global, Inc. has developed a Health Care Management System (HCMS) 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 hospitals that comprise the World Friendship Hospital Group for Sunnylife to renovate and revitalize China's older hospital facilities in order to meet the current international standard. Sunnylife has developed the HCMS to meet that standard and is planning to launch in the very near future. In addition, the Company has patented natural, environmentally safe and economically affordable products which it plans to introduce to Chinese customers through seven independent retail chains 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, please visit http://www.sunnylifeglobal.com
Contact:
Financial Sciences of America
Fran Daniels
(310) 278-4413
finsci@earthlink.net
Source: Sunnylife Global, Inc.
Sunnylife Global Expands Its R&D With an Office in Taiwan for Access to the Biotechnology Research Institutions
Tuesday September 5, 9:00 am ET
LOS ANGELES, Sept. 5, 2006 (PRIMEZONE) -- Sunnylife Global, Inc. (Other OTC:SNYL.PK - News) announced today that it has established an office in Taiwan to expand its access to the biotechnology institutions and their researchers.
Taiwan is recognized as one of the best biotechnology research centers in the world. The biotechnology, pharmaceutical and medical apparatus industries make up the key industries in Taiwan. Based on a 2004 industry analysis report, there were 1,134 biological manufacturers in Taiwan. The number of work force in 2004 was more than 35,000 and the domestic market demand was NT 194.500 billion (US $5.9 billion).
Using the World Friendship Hospital Group in China as its platform, the Sunnylife Global, Inc. Taiwan office is in the process of researching and developing new technologies with the biotechnology institutions in Taiwan. Sunnylife Global believes that these technologies will enhance the quality of the medicine, medical care, and research of bioengineering for the members of the World Friendship Hospitals. At the same time, Sunnylife Global is positioned to provide an investment opportunity to the people of China.
About Sunnylife Global, Inc.
Sunnylife Global, Inc. has developed a Health Care Management System (HCMS) 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 HCMS to meet that standard and is planning to launch in the very near future. In addition, the Company has patented natural, environmentally safe and economically affordable products which it plans to introduce to Chinese customers through seven different joint venture companies 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, please visit http://www.sunnylifeglobal.com.
Contact:
Financial Sciences of America
Fran Daniels
(310) 278-4413
finsci@earthlink.net
About time, Needed a boost!!
Hope it continues.Anyone Invested?
Any news out? What was the EOD rally for?
I Just bought more, hopin for the best!!!
SO WHY ISNT THE PPS MOVING????
Sunnylife Global, Inc. Announces a Joint Venture Agreement With Shandong Luyin Pharmaceutical Co.
Wednesday August 30, 9:00 am ET
LOS ANGELES, Aug. 30, 2006 (PRIMEZONE) -- Sunnylife Global, Inc. (Other OTC:SNYL.PK - News) announced today it has signed a Joint Venture Agreement with Shandong Luyin Pharmaceutical Co. on July 8, 2006. On August 25, 2006, Sunnylife Global filed the required legal documents for the process of examination and approval of the Sino-US joint venture in the Shandong province. Completion of the approval process is expected by the end of 2006.
Following the integration of the joint venture, the newly formed JV company expects to apply for listing in China with Zhongshan Securities Co., Ltd. as its underwriters. Under the terms of the 50-year agreement, Sunnylife Global, Inc. will own 58% of the total investment assets, currently represented by RMB 99.8 Million (US$12.5 Million).
Shandong Luyin Pharmaceutical Co. was founded in 2001 with a focus on the development and manufacture of Chinese herb medication and biotechnology. It has approximately 300 employees of which 80% are graduates from major medical institutions. Shandong Luyin received its GMP from the Chinese government in April 2003 and currently has 17 approved legal dosage medicinal products. It has developed 5 major categories of medicine -- for the cardio system, for the digestive system, for the suppression of tumors, for the regulation of the metabolism, and the supplements.
Through this long-term cooperation, Sunnylife Global, Inc. and Shandong Luyin Pharmaceutical Co. will offer the latest production and manufacturing technology, management systems and new product lines, and will contribute to the China-US Joint Venture World Friendship Hospital Group high quality medicine, and a model that will build a platform for China-US medical industries to benefit from their joint venture investments.
I dont know, I E-Mailed Sunnylife for some type of news. Anything!! Any news would be welcomed, I'm going to hang in for a little while and maybe pick up a few more shares while its so low, they have alot of potential. I hope it works.
mrcopfer..The only information I have is from pinksheets.com
I not sure what the existing share structure is at this point. There is a listing of their transfer agent who may be able to give a more accurate update.
Address:
1000 Lakes Dr.
Suite 230
West Covina, CA 91790
USA
Website: http://www.sunnylifeglobal.com
Phone: 626-919-1898
Fax: 626-919-0333
Business Description: Not Available
Primary State of Incorporation: California
Country of Incorporation: USA
Year of Incorporation 2000
Officers:
Ashok Rattehalli, CEO; Wing Nin Lo, President/Director; Meng Chiu Liu, CFO/Secretary; Bridget Qiuying Cheng, Vice President
Fiscal Year End: September 30
Outstanding Shares: 63,303,000 as of 2005-11-16
Estimated Market Cap: Not Available
Authorized Shares: 200,000,000 as of 2005-07-31
Float: 30,262,000 as of 2005-11-15
Number of Shareholders of Record: 361 as of
Current Capital Change:
shs increased by 2 for 1 split. Payable upon surrender
Ex-Date: 2005-08-02
Record Date:
Pay Date:
Dividends:
Company Notes:
Note=7-31-05 company is in the development stage
Class Notes:
Capital Change=shs increased by 2 for 1 split. Effective date=6-15-04
Transfer Agent:
Holladay Stock Transfer, Scottsdale, AZ 85251
Is there any hope left for SNYL ???? I keep reading that this stock is going to be a $9 per share stock by years end....
Does anyone have any thoughts on this company, and where its share price is headed???? Also, does anyone have the OS, Float, and other numbers on this company ??
American bulls posted a BUY confirmed today based on the candlestick pattern...
http://americanbulls.com/StockPage.asp?CompanyTicker=SNYL&MarketTicker=OTC&TYP=S
I am still holding on, I am pretty sure this will go back to the $2 range. This has bounced back from 52 weeks' lows a few times before, financials and business plan looks great, this will be the ideal entry point for new investors.
i wonder if the large investor we heard about was the large buyer today.
after recent 52 week lows i can not imagine any1 is in the green on this. just panic selling or they saw better opportunities elsewhere.
recent positive news on managed healthcare and tomorrow should be a HUGE day around the world might be nice for tomorrow.
what do you guys think???????
hmm I'm wondering the same, ask is at 0.97 right now.
What's up? Just hit $1! I don't news anywhere on the wire services, maybe out later.
Sorry tjnico, unable to advise you on this matter as I am still waiting for a reply to my email from two weeks ago! Considering the majority of shareholders must be underwater at this point, I am surprised we do not hear more noise from investors!
I left my # w/email, Bob has called me a couple times, Last time he told me a rumor that another Co. is going to invest big. They are moving there office's off-shore to avoid US taxes. Said I should get in @ .84. Any feed back is apreciated.
Rumor is another company ready to invest big. Its due for a nice spike if you look at a 2 year chart. Amount of level 2 hospitals rising, I like the China econony. Need some feed back.
I sent an email today, will let you know when I get a reply.
hi Maverick
I sent an email to the company at the beginnning of this week and I am still waiting for a reply.. I sincerely hope this is not indicative of the response we can expect of the company.. I will wait until next Friday, if I do not hear back I will resend that email with a copy of this post.
GLTY
Gary
Has anyone of you corresponded with the investor relations of SNYL by email? How soon do they reply?
FWIW...
RedChip Visibility Issues an Update on Sunnylife Global, Inc. (SNYL) and Maintains a Twelve Month Target Price of $4.87
RedChip Visibility, a division of RedChip Companies, has issued an update on Sunnylife Global, Inc. (PINKSHEETS: SNYL).
We are adjusting our previous projections to reflect SNYL's recognition of revenue from its hospitals and assisted care facilities starting in the fiscal year-end 2006 (September 30th 2007). Our updated guidance from management for fiscal year-end 2005 (September 30th 2006) is for royalties from the Company's supplement business of $11 million for a net profit of $8 million and EPS of $.13. This is slightly ahead of the Company's earnings announcement in April for $7.5 million.
To receive a complimentary copy of the RedChip Visibility Update for SNYL, please visit http://www.redchip.com/visibility/about.asp?page=requestsnylQupdate.
About RedChip
RedChip Visibility provides access for small-cap companies to both professional and individual small-cap investors by holding conferences throughout the United States, producing online corporate visibility programs, and conducting company-sponsored research.
June 25, 2006
A Novel Therapy for China: HMOs - LA Times
A Novel Therapy for China: HNOs
A California firm is rolling out managed care in the wake of socialized medicine's collapse. The economics are uncertain in a nation used to commune clinics and 'barefoot' doctors.
By Don Lee and Daniel Yi, Times Staff Writers
XIANGTAN, China — In a five-star hotel here, Zhou Jianxiong rises from his seat to toast his new comrades from Southern California.
He alludes to Xiangtan as the birthplace of Mao Tse-tung, who sowed the seeds of communism in the Middle Kingdom. "From this place, China's modern revolution spread all over the country," Zhou says, raising his glass of Great Wall red wine. "We also will influence the whole country, like a single spark igniting a prairie fire."
Zhou is not talking armed struggle but starting a healthcare revolution of sorts.
Mao's revolution envisioned free, commune-based clinics — and so-called barefoot doctors — for the Chinese. This new experiment will be modeled after California's oft-maligned managed-care system and will rely on hefty membership fees.
China's economy is booming, but its healthcare system is sick. That's because Beijing has broken the "iron rice bowl," the system in which factories and collective farms provided for workers' health, housing and pensions.
Tens of millions of workers have been dismissed recently as officials shut down or sold state-owned enterprises to investors. Seven out of 10 Chinese have no medical insurance. That's about 900 million people. Stories abound of families forced to stop treatment for seniors and dying children because they were bankrupted by healthcare costs.
The collapse of socialized medicine has left masses of people helpless in the face of soaring health costs and presents a threat to Communist Party leaders, who fear social instability.
But is managed care the answer?
In the United States, the health system aimed at controlling costs flourished in the early 1990s as employers pressed for less expensive healthcare and health maintenance organizations, or HMOs.
But soon a backlash ensued. Patients protested denial of care and lack of physician choice. States such as California formed agencies to address widespread consumer complaints. For the last five years, HMO enrollment in California and many other states has been falling.
Zhou and his partners at Sunnylife Global Inc., a small West Covina health company, believe that HMOs can save China's hospitals. Zhou is chairman of Xiangtan Electric Manufacturing Group, a 70-year-old state-owned enterprise that makes motors, rail vehicles and dump trucks.
The factory was once run by the Nationalist Party and its leader, Chiang Kai-shek, who battled Mao and the Communists for control of China. During the last decade, the plant has shed about half of its 20,000-member workforce.
The day after last month's hotel banquet, Zhou turned over 70% ownership of the factory's 320-bed hospital, Xiangtan Liyuan, to Sunnylife. The U.S. company has already given $2 million to the hospital and pledged to invest an additional $10 million by September to renovate the facility and run it like a members-only hospital, akin to California's Kaiser Permanente.
Sunnylife has similar deals with 10 other hospitals in China and plans to take control of them over the next three years. Until now, its main business has been selling herbal supplements to China. It sold nearly $1.8 million worth last year, reaping a profit of $673,000, according to the company.
Sunnylife says it has raised money from investors in the United States and Taiwan for the Xiangtan hospital project, and its executives are working to secure additional financing. The company's stock is traded over the counter and has a market value of about $63 million. Many of its 1,000 shareholders are well-to-do Chinese Americans.
The biggest shareholder is Bridget Cheng, 40, a doctor of Chinese medicine who co-founded Sunnylife four years ago. She comes from an affluent family in Harbin, in China's industrial northeast, where she learned about HMOs and Kaiser Permanente.
After moving to Southern California in 1996 to get married, Cheng started four medical clinics, hiring away doctors from Kaiser Permanente and exploring ways to combine Eastern medicine with Western healthcare.
Now, she talks unabashedly about wanting to win a Nobel Prize for overhauling China's healthcare system.
"Basically, they don't have a system," Cheng said through an interpreter. Last month, Cheng and 20 others representing Sunnylife, including former California state Sen. Richard Polanco, traveled to China.
Polanco, a paid advisor to Sunnylife since November, sat on stage with high-level Chinese government officials in a balloon-festooned ballroom in Changsha, the capital of Hunan province.
Introduced as a political leader in America's largest state, the onetime head of the powerful Latino caucus rose up and extolled the new partnership. Communist Party officials handed hospital ownership certificates to Sunnylife executives, who presented a giant mock check for $12 million to their new partners.
At a hotel dinner with Zhou, Polanco feasted on iced lobster and papaya pudding. Afterward, he dashed out with others in his group for a traditional Chinese foot massage.
Sunnylife wants to sign up 50,000 people for the joint venture, newly named Xiangtan World Friendship Hospital. Each enrollee would pay an annual fee of $375 — almost a third of most people's after-tax earnings in Xiangtan, a city of about 3 million.
Members would receive basic medical services for $5 to $10, but their co-payment for complex procedures could be as much as 50% of the costs.
Sunnylife hopes to make money by managing costs and selling its herbal supplements. But signing up 50,000 members could be a long, long march.
Sunnylife probably will lose many of its original patients from the factory because they had long paid only $50 a year for health insurance, said Qiu Yulin, a health specialist at Renmin University in Beijing. "Now it's $375."
Xu Bilan, 28, who runs a small shoe store on a street behind the World Friendship Hospital, laughed when she was told about the $375-a-year health plan. She says she sells about $65 worth of shoes a month, of which $50 goes toward rent.
Xu, who has a 1-year-old daughter, said she went to the Xiangtan hospital a few times when she was pregnant and paid several dollars for a checkup. There was no ultrasound machine in the room so doctors put their ears to her belly to listen.
"The facilities are really awful," she said.
A walk through the five-acre, wooded campus of Xiangtan World Friendship Hospital is like taking a trip back in time.
A man pushes a wheelbarrow filled with coal past gray, concrete buildings that are 70 years old. A slogan affixed to one structure exhorts: "Create a baby-loving hospital."
But the most curious site on campus is the CT scan center, which is on an island in a man-made lake. A pagoda once stood there, but officials demolished it to install a $250,000 Siemens scanning machine, fearing radiation contamination.
Under Communist rule, Mao insisted that the best way to treat barefoot farmers and peasants in the countryside was to send barefoot doctors. Many communicable diseases were eradicated. Infant mortality plummeted. Life expectancy soared from 35 to 65 years.
Chen Gang, a pediatrician who joined Xiangtan Liyuan fresh from Hunan Medical College in 1977, recalled wistfully that the hospital was a magnet for doctors from top universities.
"We were quite a good hospital," he said, lighting up a cigarette on the second floor of the outpatient clinic, where a collage of Mao's life greets visitors.
But in the last two decades, hospitals such as Xiangtan Liyuan have suffered from a lack of funds from state-owned factories. The situation was worse in rural China, with the disappearance of rural collectives and barefoot doctors.
The central government has launched efforts to reestablish rural medical cooperatives and recently strengthened limits on hospital drug charges. Beijing also has pledged to boost spending on public health — China has been one of the worst among large economies in that regard — but some local districts are banking on deals like those with Sunnylife to revive hospitals.
For now, patients at the World Friendship Hospital are housed in a shabby, 37-year-old facility, where each room is shared by three or four patients. The rooms have bare walls, a ceiling fan and metal bed frames with 1-inch-thick mattresses.
Chen and other hospital managers lamented that the hospital's run-down condition and low pay had driven many talented doctors away. The average annual pay of the hospital's 200 nurses and doctors is about $2,500, less than what some taxi drivers in the city earn.
"The best graduates come here, and after a year or two they're gone," said Gu Jianlian, the hospital's president.
Doctors and nurses say they know little about Sunnylife and how the managed-care plan would work. Even as the medical staff braced for possible layoffs, they said they were hopeful their new American partners would modernize the hospital.
Sunnylife executives declined to say what changes they would make.
Bruce Barren, chairman of Sunnylife's executive committee, argues that managed care has a better chance of succeeding in China than in the United States, where he said the system is beset with costly litigation, fraud and contract disputes among insurers, doctors and hospitals.
"We won't be squeezing providers for more money because we own the hospitals," he said.
Many Chinese harbor deep suspicions about the health system. In China, insurers generally pay out a few thousand dollars at most. Hospitals have dispensed dangerous fake drugs, overcharging has become prevalent and doctors are widely believed to push patients to take or do more than what's needed because their bonuses are based on how much revenue they generate.
Health analysts in China say that Sunnylife appears to be the first HMO in the nation and that no regulation or guidelines for it exist.
"Certainly the international [experience] demonstrated opportunities for misuse and abuse of the HMO model," said David Wood, a healthcare consultant and president of a children's hospital in Beijing.
Wood estimates that 200 hospitals in China now operate as foreign joint ventures. Most are having a tough time because they charge too much and compete against large public hospitals. In Xiangtan, more than 10 hospitals — only three with more than 300 beds — serve the city's core population of 400,000.
Wood doesn't think an HMO model is feasible in China. A primary idea behind managed care is that patients first see doctors who direct their care and send them to specialists if necessary. But the Chinese medical system is geared around specialists, he said, and people in China routinely seek out their own.
"There's no way to control utilization," said Wood, who heads Beijing-based Chinacare Group and was once assistant director at the UC hospital in San Diego.
Besides, he said, Chinese consumers are notoriously hard-nosed, which could challenge the HMO model. "If consumers buy a policy that allows them 50 visits, they want all 50 of them."
Lee reported from Xiangtan and Yi from Los Angeles.
Yes I am sure it will atleast double in due time. Financials for this company look great, and they have laid the foundation getting all the license etc squared out. As they work towards signing their members, this will start going higher!
Looks like someone painted the tape at the close. Still, nice to see a little green these days!
I hope so gamood! I am down 50% in RSHN. I should of sold long ago and bought back low. I entered in RSHN in low 20's .. and my last buy was int he 90's ...
well I hope RSHN really pulls through! looking forward to new website, and did they finally discount their products?
Thanks.
Hi xnxsxx..nice to see that you are on site. Patience seems to be the name of the game with RSHN. If you have the time, any feedback on this company (SYNL) would be greatly appreciated.
maverick13..great entry point! I think if you have the patience this stock could easily be a double or triple before the year is over. My opinion only! I am glad it is not too well known yet as I wish to add to my position at these prices.
Got in at 0.93 on the dip today, I think this has pretty much bottomed out, should be on the way up from here!
Hey gamood!
I didn't know you supervised this board too. I'm from the RSHN board.
So I'm at school today and I was using the computer to check yahoo and this guy had a list of stocks. One of which was this.
What do you think about this? I actually live 5 mins away from their home office in West Covina. lol
and my god let RSHN go back up!
I made money on SNYL twice - a pretty decent run each time. But I'd be very careful with the company. Part of me thinks they could be the real McCoy, but if you'll pay strict attention to the PRs, the President is always making very forward looking statements (e.g. "anticipated revenues" and such) with very little emphasis on to-date performance. This is a hallmark of Pink companies that don't want your eyes on the balance sheet.
Short term candidate, possibly. Don't hold long term until they demonstrate the large revenues and completed projects they've been promising.
-KNOw3
What do you think about the prospects of this company as of 5/24/06?
Sunnylife Global President Richard Lo Announces 'A Historical Milestone' Describing the Scheduled Turnover Ceremony in China of the Xiang Tan World Friendship Hospital
Sunnylife's U.S. Delegation to be Received by the Governor of Hunan Provincial People's Government
LOS ANGELES, May 8, 2006 (PRIMEZONE) -- Sunnylife Global, Inc. (Pink Sheets:SNYL) announced today that a delegation headed up by Richard Lo, President, departed for Hunan, China for the official Turnover Ceremony on May 10th of the Xiang Tan World Friendship Hospital to Sunnylife Global, Inc.
Members of the U.S. delegation traveling to China to participate in the ceremony include Dr. Bridget Cheng, Founder and Director of Research & Development for Sunnylife and former California State Senator R. Polanco, Executive Advisor, who served as Majority Leader until his retirement in 2002, and who is best known for his contribution to new legislation for quality health care in California. The Governor and Vice Governor of Hunan Provincial People's Government will be in Hunan to receive the U.S. delegation for the Turnover Ceremony.
The "Xiang Tan World Friendship Hospital Turnover Ceremony" will be held in the Hunan Hall of the Huatian Hotel and will be attended by State dignitaries, invited guests and the media.
"This marks a historical milestone for Sunnylife's World Friendship Hospital Group in its U.S.-China joint venture," said Richard Lo. "Sunnylife is privileged to participate in this unprecedented cooperation -- the first in more than 100 years -- to change medical and health care systems in China by combining Eastern and Western care and state-of-the-art technologies. Sunnylife's goal is to raise China's health care standards to meet international standards and to be equal with China's powerful economic growth."
In March 2006, Sunnylife Global, Inc. became the first American company to be granted a Business License by the Chinese Government to operate in the People's Republic of China.
About Sunnylife Global, Inc.
Sunnylife Global, Inc. has developed a Health Care Management System (HCMS) 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 HCMS to meet that standard and is planning to launch in the very near future. In addition, the Company has patented natural, environmentally safe and economically affordable products which it plans to introduce to Chinese customers through seven different joint venture companies 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, please visit www.sunnylifeglobal.com.
Safe Harbor Statement
The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. All forward-looking statements attributable to the Company, or persons acting for the Company, are expressly qualified in their entirety by these cautionary statements.
CONTACT: Financial Sciences of America
Fran Daniels
(310) 278-4413
Finsci@earthlink.net
Source: PrimeZone (May 8, 2006 - 9:11 PM EDT)
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I think SNYL will be 2.00 by July 2006. Does any body else have any info on this company?
Thanks Mike
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