The Board of Directors of Rocky Mountain Ginseng, Inc. (Pink Sheets:RMGG) are pleased to provide the following announcement.
Mr. Jiang Shao Shu, Vice President of Rocky Mountain (Fuzhou) Drug Co., Ltd. is pleased to announce two major developments in the company’s marketing program.
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A distribution agreement was signed between the Company and Mr. Chai Xu, General Manager of the Fulan Zhang Tian Food Trading Co., Ltd. in Changsha, Hunan. The company is well established as a distributor of food and healthy food products in Hunan province. Changsha city has a population of 2.5 million people and Hunan province has a population of almost 40 million. Mr. Jiang stated this agreement represents the first step of the company’s plans to expand its distribution network into central China.
Mr. Jiang also stated that a distribution agreement was signed between the company and Wal-Mart China’s Fuzhou division. Wal-Mart will open 3 full scale supermarkets in Fuzhou in December.
About Rocky Mountain Ginseng, Inc.
Rocky Mountain Ginseng, Inc.’s head office is located in British Columbia, Canada. The Company exports American ginseng to China as well as manufactures and processes America ginseng products in China. Rocky Mountain Ginseng, Inc. holds exclusive world processing and distribution rights to several innovative value added ginseng products developed in North America.
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Rocky Mountain Ginseng, Inc. purchased Fuzhou Fujian Drug Company located in China in February 1999. 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 completed the construction of its new office and manufacturing facility in the city of Fuzhou and is currently producing traditional ginseng products for the Chinese Market. The Chinese factory employs 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.
This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. Expression of future goals and similar expressions reflecting something other than historical fact involve risks and uncertainties. The actual results the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties.
