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Re: buzzmatrix post# 6850

Thursday, 08/30/2012 4:46:22 PM

Thursday, August 30, 2012 4:46:22 PM

Post# of 18365
Of course you're right Buzz. Completion and revenue is exactly what it's all been about from the start. And we are on track for our previously projected opening date of the end of this year. It's been a long haul. The biggest hurdle was securing government permission and approval for the entire project.
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.