BEIJING, July 9, 2007 (PRIME NEWSWIRE) -- Lotus Pharmaceuticals, Inc. (OTCBB:LTUS) announced the addition of five new retail stores and a print media advertising campaign to help gain national brand recognition.
Dr. Liu Zhongyi, CEO and founder, announced: "Since May 2007, Lotus has started to sign acquisition agreements with four retail drug stores, including Yongantang's Fangshan Drug Store, Yanshan Drug Store, Huirenda Drug Store and Tianheng Drug Store. We have also started to establish the Longrentang Drug Store in Wanquansi, Haidian District of Beijing.
"Once starting formal operations, these retail stores' annual sales revenue should be as much as $2 million, with net profits forecast up to $500,000. This will bring the total number of Lotus retail drug stores to 15 in Greater Beijing," exuded Dr. Liu.
Related to this announcement, Dr. Liu added: "Starting in July, Lotus will spend about $100,000 each month in the nationally-distributed Health Daily to build the company's image and extensively advertise our products. Lotus is committed to expanding its market share in an effort to become a national brand."
About Lotus Pharmaceuticals, Inc.
Lotus Pharmaceuticals, Inc. ("Lotus") owns and operates Liang Fang Pharmaceutical, Ltd. ("Liang") and En Zhe Jia Shi Pharmaceutical, Ltd. ("En Zhe"), two Chinese pharmaceutical companies located in Beijing. Liang and En Zhe form a large comprehensive enterprise, which deals in an integration of the production, trade, sales and marketing of pharmaceuticals. Together, they possess some of the most advanced pharmaceutical-production equipment used in China, workshops authenticated by the National GMP, a suite of various medicines produced by Liang and/or En Zhe (together, "Lotus East"), and a large number of high-tech personnel. Lotus East has business and office facilities of 2,000 square meters and a warehouse of 1,000 square meters. Lotus East performs scientific research on new medicines, and the production, wholesale and retail sale of medicines. For more information, visit http://www.LotusEast.com.
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