Small Cap Profits.com Featured Article: (CYXN.OB)
July 22, 2010
China Yongxin Pharmaceuticals Inc. (CYXN.OB)
China Yongxin Pharmaceuticals Inc., a health products distribution and retail sales company in China, announced yesterday the opening of seven drugstores in July as the company begins to extend its market reach.
These stores are in addition to several stores already opened this year. With as many as thirty and thirty one stores in certain citites alone, there are a total of one-hundred ten stores throughout Northeastern China.
“We are pleased to announce the opening of a total of 13 new stores in 2010, expanding our footprint within densely populated and high income districts. We continue to be confident that we will reach our projected goals for 2010 and become the largest drugstore chain in Northeastern China,” Yongxin Liu, chairman and CEO of China Yongxin stated in the press release.
The Company indicated that the opening of the stores is in furtherance of their previously announced goal of opening 29 stores in 2010. The goal is to become one of the top 20 pharmaceutical retail chain enterprises in China.
The locations of the drug stores were chosen based on population numbers and the income levels of the citizenry. The stores sell over-the-counter Chinese traditional and Western medicines, prescription pharmaceuticals, natural health products including herbal and nutritional supplements, health foods, personal care products and cosmetics.