Thursday, August 30, 2012 4:46:22 PM
It is not easy for a foreign company to walk into China and set up its stall. It's a long and complicated process and many more foreign companies fail at it than make it, despite the fortunes to be made there. CEO Wu and MDCE's Directors have pulled off a considerable coup. That's why we have no competition in China. We're "it"in this gold mine of a field. And we're not a multinational with deep pockets looking for a branch plant in China ..... those guys can afford to wait for many years and their bottom line won't budge much if they fail in their "let's take a crack at China" project. But China is all we do!! We're a small start-up with big dreams and the hardest part is behind us now. We're in China now and we're in to stay.
Regarding Dongguan. No, I don't see that falling by the wayside at all. We've got permissions to operate there and a site ready to go. As I pointed out in the release, the Shenzhen clinic will be within easy reach of Dongguan. But we're talking about a catchment area of 25+ million people here!! How's our one 4500 sq foot clinic going to handle that? We'll need the Dongguan site as well for sure. In fact if we were a multinational with bottomless pockets, given the State approvals we have, we'd be building 50 clinics, right now, today, in this small corner of southern China alone!! Read, and I know you have Buzz, the indisputable stuff Gregg has been posting on the demand across China for what we are going to do.
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