Rocky Mountain -- Fuzhou -- Drug Co., Ltd. to Enter U.S. Market
Sept. 19, 2001-- Rocky Mountain Ginseng, Inc.'s (Pink Sheets:RMGS) General Manager of their China operations, Mr. Jiang Shao Shu, announced in Fuzhou today that he is establishing an international division to enable the company to market internationally not only its goods, but also a broad range of high quality healthy foods produced by other manufacturers.
"The reasons for this are three-fold," Mr. Jiang said. "First, there is a WTO meeting next week and China has been asked to attend. Speculation is high in China that approval will be given to permit membership for China in the WTO in November of this year." Such membership, he stated, will greatly facilitate the marketing of Chinese goods internationally.
"Second, as the company is broadening its supply source of drugs and healthy foods which will be needed when the company initiates its retail store franchise program later this year, manufacturers have asked the company if it will be able to use its North American base to market their Chinese products," he further stated.
Earlier this week, the company reached a distribution agreement with an Inner Mongolian based company called Inner Mongolia Alashan Cong Rong Group Co., Ltd. which produces highly acclaimed, award winning healthy foods and tonic wines from desert plants, to distribute their goods in Fujian province. An integral part of this agreement, Mr. Jiang added, was the desire of that company to work with Rocky Mountain on the distribution and marketing of their products in the USA. Mr. Jiang elaborated that numerous other companies have expressed interest in taking advantage of its North American affiliation to market their products.
"The third reason for establishing an international division is that in North America there is a very large and affluent Asian population who represent a prime target market for us," Mr. Jiang concluded. China's WTO membership will let Rocky Mountain access this market.
ABOUT ROCKY MOUNTAIN GINSENG, INC.
Rocky Mountain Ginseng, Inc.'s head office is located in British Columbia, Canada. The Company exports American ginseng to its facilities in Fuzhou, China where it manufactures and processes America ginseng products. Rocky Mountain Ginseng, Inc. holds exclusive world processing and distribution rights to several innovative value added ginseng products developed in North America.
Rocky Mountain Ginseng, Inc. purchased a drug manufacturing facility in February 1999, now known as Rocky Mountain (Fuzhou) Drug Co. Ltd. This acquisition included all necessary drug and hygiene licenses allowing the Company to import, export, manufacture and distribute ginseng products in all provinces of China. The company has also recently obtained the right to establish company-owned stores and franchised stores anywhere in China.
The Company currently produces traditional ginseng products for the Chinese Market, which includes selling to its wholesale customers and through its retail stores, with the Chinese factory employing 42 people in processing, sales, accounting and management. Rocky Mountain (Fuzhou) Drug Co. Ltd. is the first wholly owned Canadian Company in the Fujian province.
Rocky Mountain (Fuzhou) Drug Co. Ltd.
Brian A. Hodge, (86) 591-379-7969
PMR & Associates, LLC
Pat Rost, 760/942-0015
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