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1)該公司CEO決定12月來美國路展(ROAD SHOW),進一步向美國各界推廣該公司。
2)計劃在未來的幾個季度中將該股票推向更高一層美國交易平台,屆時該股價毫無
疑問會數倍於現在的價格。
3)新藥物寶寶樂已經上市,還有更多的新葯已送交審批,可於近期上市。
4)該公司藥品走高端路線,門檻兒較高,非一般小公司可參與競爭。保持該公司的
利潤空間。
5)與中國科學院微生物研究所達成合作協議,可優先享用專利產品。既節省了研究
費用,又提高了知名度。
如果您打算做投資,現在該公司股票真的很便宜。今天最高價也不過0.313/SHARE。
請您認真研究,再做定奪。
Letter to Shareholders From the CEO and Chairman of the Board of Genesis
Pharmaceuticals
Tuesday November 20, 12:50 pm ET
NEW YORK, Nov. 20, 2007 (PRIME NEWSWIRE) -- The following is being issued
by Genesis Pharmaceuticals Enterprises, Inc. (OTC BB:GTEC.OB - News):
Dear Shareholders:
We are very pleased to have successfully completed the merger of Laiyang
Jiangbo Pharmaceuticals Co., Ltd. (``Laiyang Jiangbo'') with Genesis Technology
Group, Ltd. -- resulting in a new public company called Genesis Pharmaceuticals
Enterprises, Inc. I want to take a moment to reach out to all of our shareholders
in order to review where we are, how we got here and what shareholders may
expect in the future.
ADVERTISEMENT
I am pleased to report that the final terms of the merger were completed
on October 1, 2007. As a result of the merger, Genesis Pharmaceuticals Enterprises,
Inc. is listed on the OTC Bulletin Board and trades under the symbol ``GTEC.
''
The new company is a pharmaceutical company whose primary operations are
those of our operating subsidiary Laiyang Jiangbo. Founded in 2003, Laiyang
Jiangbo focuses on the research, development, production, marketing and
sales of new and sophisticated pharmaceutical products in the People's Republic
of China. We have rapidly established ourselves as a leader in drug development
and modern marketing in China, and our lead drugs enjoy significant market
share in their categories.
Our company has a very strong financial profile
For its fiscal year ended June 30, 2007, Laiyang Jiangbo reported revenue
of US$76.2 million, up by 55% over the prior year. Gross profit increased
by 64% to US$55 million, and our operating income increased by 53% to US$18.3
million, over the same period. For fiscal 2007, we reported audited net
income of US$22.1 million, inclusive of a one-time US$9.9 million credit
for a corporate and VAT tax exemption we received from the Chinese government.
Our fiscal condition is also very solid, with total assets of US$55.4 million,
shareholders' equity of US$27.3 million, and cash on hand of US$17.7 million,
as of June 30, 2007.
Our company is well positioned in the very attractive China pharmaceutical
market
Pharmaceutical demand in China is forecast to expand by more than 13% annually
to reach about US$51 billion by 2010. Strong economic growth, changing demographic
patterns, and the reform and expansion of health care systems are expected
to drive greater demand for drugs. Genesis Pharmaceuticals is well positioned
to meet that increased demand.
Our current products are approved by the Chinese State Food and Drug Administration
and include Clarithromycin sustained-release tablets, Itopride Hydrochloride
granules, Ciprofloxacin Hydrochloride tablets and Paracetamol tablets. We
started sales of Baobaole chewable tablets this month, in November.
We have a strong and growing pipeline of Class 1 drugs
A research and marketing driven organization, our company is driven to bring
new drugs to market that can significantly improve clinical outcomes for
patients in major disease categories. Since 2005, our three major drugs
(Ciprofloxacin Hydrochloride, Paracetamol and Clarithromycin) have been
on the approved list for reimbursement by the national healthcare Insurance
Catalogue. A fourth drug (Itopride Hydochloride) is expected to get provincial
government approval soon, which will make it available to over 166 million
potential users. We aim to have all of our new drugs under development be
on government approval lists. This is very important to maximize the availability
of drugs to patients and revenue generating potential of our products.
Genesis recently announced a US$5 million private placement financing for
the acquisition of a new Chinese Class 1 drug Ligustrazine Ferulic Acid
Acetate (``LFAA''), a cardiac cerebral vascular drug that is designed to
help reduce blood clotting and prevent platelets in the blood from clumping
together. Assuming that LFAA receives all of the necessary Chinese regulatory
approvals, the Company plans to put the drug into trial production in fiscal
year 2008, and expects fiscal year 2009 sales of US$9.9 million and fiscal
year 2010 sales of US$26.3 million.
We are adding new drugs to our product line to increase overall growth for
the company. We are currently seeking government approvals to produce Felodipine
Sustained Release Tablets, Radix Isatidis Dispersible Tablets, Yuandu Hanbi
Capsulesa and Bezoar Yijin Tablets. Drug sales have a lifecycle during which
competition often leads to decreasing profit margins over time. Our focus
going forward is on Chinese Class 1 drugs that often have high profit margins.
Manufacturing these sophisticated new drugs requires advanced technology,
which means competitors face high barriers to entry. We are committed to
having and using the latest technology to manufacture new sophisticated
drugs with high profit margins.
Genesis Pharmaceuticals Enterprises, Inc. will continue to grow by expanding
its distribution network of 440 full time and 620 part time representatives
throughout China. Sales to end users such as doctors and hospitals, and
not just distributors, help build brand recognition and customer loyalty.
Sales representatives will continue to sell existing and new products to
existing and new customers.
Our team is committed to operate at world class standards.
We have a strong management team in place, which has recently been enhanced
by the addition of a qualified Chief Financial Officer with U.S. GAAP experience,
Elsa Sung. Most of Genesis Pharmaceuticals' senior management has extensive
industry experience and has been in place since the founding of Laiyang
Jiangbo in 2003. They will ensure that Genesis Pharmaceuticals executes
its growth strategy.
Now, after completing our going public transaction, we are committed to
developing the human resources and systems required to meet our responsibilities
as a U.S. public company. We are committed to high quality disclosure and
shareholders will be able to observe management activities and obtain accurate
information about the Company through the company's website (http://www.genesis-
china.net/), which will soon be relaunched in both English and Chinese.
We are committed to the highest level of corporate governance. Our new Board
of Directors consists of high level managers and independent Directors:
Cao Wubo Chief Executive Officer and Chairman of the Board
Xu Haibo Vice President, Chief Operating Officer and Director
Feng Xiaowei Outside Director
Huang Lei Outside Director
Ge Jian Outside Director
Zhang Yihua Outside Director
Rodrigo Arboleda Outside Director (From Genesis Technology Group)
Robert Cain Outside Director (From Genesis Technology Group)
Over the next several quarters we plan to take the steps required to move
Genesis Pharmaceuticals to a major stock market in the U.S. so as to attain
greater visibility with investors and the media and enhance the marketability
of our stock.
Genesis Pharmaceuticals' senior management plans to take a trip to the U.S.
in December 2007. This trip will give U.S. shareholders a chance to meet
with management and ask management questions about Genesis Pharmaceuticals.
I hope that this letter has given our new shareholders some sense of the
development of our company and our strategic direction. Our team looks forward
to updating you on our progress through regular conference calls and visits
to meet with our investors. In closing, I would like to thank our customers,
shareholders, directors and employees for the Company's present and future
success. Thanks to all of you for your continuing interest in Genesis Pharmaceuticals.
Cao Wubo, Chief Executive Officer and Chairman of the Board
Genesis Pharmaceuticals Enterprises, Inc.
Genesis Pharmaceuticals Announces Cooperation Agreement with The Institute
of Microbiology, Chinese Academy of Sciences
Wednesday November 21, 8:30 am ET
LAIYANG, China, Nov. 21, 2007 (PRIME NEWSWIRE) -- Genesis Pharmaceuticals
Enterprises, Inc. (OTC BB:GTEC.OB - News) (``Genesis'' or the ``Company''),
a U.S. pharmaceutical company with its principal operations in the People's
Republic of China, today announced that it signed a cooperation agreement
with The Institute of Microbiology, Chinese Academy of Sciences (IMCAS),
a research institution in China that performs a wide spectrum of basic and
applied research in the field of microbiology.
ADVERTISEMENT
AAAccording to the cooperation agreement, Genesis and IMCAS will build
a ``Genesis Pharmaceuticals Industrialization Model'' to do joint research
with the goal of commercializing pharmaceutical discoveries. This Industrialization
Model is IMCAS' first cooperative arrangement with a pharmaceuticals manufacturing
company.
Genesis will fund the Industrialization Model's daily operations and research
and development activities. Once new drugs have completed a first stage
of experiments in the Industrialization Model, they will be delivered to
Genesis's factory for further testing to determine the viability of commercial
wide-scale production. Genesis' research and development staff will work
with researchers from IMCAS to resolve issues that arise during the process
of designing the manufacturing process for new drugs. Genesis will have
the first right to purchase patents for any products developed by the Industrialization
Model and IMCAS.
``We are very pleased that IMCAS chose Genesis to be its partner in the
commercialization of new drug discoveries,'' said Mr. Cao Wubo, Chairman
and CEO of Genesis Pharmaceuticals Enterprises, Inc. ``Because IMCAS is
the national leading research institution in the field of microbiology,
we believe collaboration will bring valuable research and develop expertise
to Genesis and strengthen our own R&D force. This will extend our company's
use of cutting edge technologies as well as solidify our leading position
in the Chinese pharmaceutical market.''
About IMCAS
The Institute of Microbiology, Chinese Academy of Sciences (IMCAS) was founded
on December 3, 1958. It is a national comprehensive research institution
that performs a wide spectrum of basic and applied research in the field
of microbiology. IMCAS hosts 300 faculty and staff, including 5 CAS academicians.
Currently, it has three key laboratories: State Key Laboratory of Microbial
Resources, State Key Laboratory of Plant Genomics, and CAS Key Laboratory
of Systematic Mycology and Lichenology as well as nine research centers which
carry out studies on microbial resources, microbial genomics, agricultural
biotechnology, bio-energy and industrial biotechnology, environmental biotechnology,
extremophiles, microbial metabolic engineering, molecular virology, and
molecular immunology, As the national leading research and development organization
in China, IMCAS successfully developed SARS vaccine.
As the national leading research institution in the field of microbiology,
the IMCAS is committed to the advancement of science and technology. During
the last 40 years, it has attained a number of developmental achievements
in molecular evolution, pathogenicity, and cross-species propagation, as
well as antiviral fields which can be the initial force for industrialization
process.
About Genesis Pharmaceuticals Enterprises
Genesis Pharmaceuticals Enterprises, Inc. is a U.S. public company engaged
in the research, development, production, marketing and sales of pharmaceutical
products in the People's Republic of China. Its operations are located in
Northeast China in an Economic Development Zone in Laiyang City, Shandong
province. Genesis is a major pharmaceutical company in China producing tablets,
capsules, and granules for both western and Chinese herbal-based medical
drugs. The Company maintains a representative office in the U.S. For more
information, refer to http://www.Genesis-China.net
Safe Harbor Statement
Certain statements set forth in this press release constitute ``forward-looking
statements.'' Such statements are not guarantees of future performance and
are subject to risks and uncertainties that could cause the Company's actual
results and financial position to differ materially from those included
within the forward-looking statements. Forward-looking statements involve
risks and uncertainties, including those relating to the Company's ability
to introduce, manufacture and distribute new drugs. Actual results may differ
materially from predicted results, and reported results should not be considered
as an indication of future performance. The potential risks and uncertainties
include, among others, the Company's ability to obtain raw materials needed
in manufacturing, the continuing employment of key employees, the failure
risks inherent in testing any new drug, the possibility that regulatory
approvals may be delayed or become unavailable, patent or licensing concerns
that may include litigation, direct competition from other manufacturers
and product obsolescence. More information about the potential factors that
could affect the Company's business and financial results is included in
the Company's filings, available via the United States Securities and Exchange
Commission.
Contact:
Genesis Pharmaceuticals Enterprises, Inc.
Ms. Elsa Sung, CFO
877-895-3650, Ext. 701
info@Genesis-China.net
CCG Elite Investor Relations, Inc.
Mr. Crocker Coulson, President
+1-646-213-1915 (New York)
crocker.coulson@ccgir.com |
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