Tianyin Pharmaceutical Co., Inc. (TPI)

[mlkrborn]

Tianyin Pharma provides progress update on Qionglai Facility (QLF) construction (TPI) 0.49 -0.01 : QLF construction has met its July progress milestone and is on schedule to accomplish Phase I of the QLF project, which is the relocation of TPI's TCM pre-extraction plant by the end of calendar year 2012. The Company reaffirms the relocation budget assessment in total of $25 million for the project. The pre-extraction facility will conduct initial processing of TCM raw material, separation using alcohol or water precipitation, filtration, centrifugation, concentration and purification of TCM pharmaceutical ingredients which will be further processed for the production of mTCM at the formulation facility.