Company projects $4 million in sales for 1998:
Old news, but informative:
Date: 11 18 1997 10:10:28
Name: IRI Institute
Subject: RMGG: NY BIZWIRE, ANALYSTWIRE RELEASE MONDAY 10:30 A.M.
Message: ROCKY MOUNTAIN GINSENG (RMGG) PLANS TUESDAY
ANNOUNCEMENT
Also: Newsmaker speaker is John Robbins, founder, Discovery Expos
New York City --- Robert L. Bell, Managing Director of Rocky Mountain Ginseng, Inc. (RMGG), a Colorado company with offices in Shanghai and Fuzhou, is expected to announce a pact which could add 20% or more to its previously announced $4-million sales projections for the coming year, during Tuesday's IRI / NYSSA Forum, considered the premier platform for elite emerging growth equities presenting to Wall Street.
Rocky Mountain Ginseng, which recently began trading, has introduced a new distribution system to the marketing of the ginseng root, long considered the cornerstone of Chinese traditional herbal medicine. Its previous purchase of Fuzhou Fujian Drugs Co., Ltd., gives RMGG a savvy 'local' presence in 10 major Chinese cities with a population of 225 million. By 1999, RMGG expects to sell 70 tons of ginseng root and value added products in China's $3 Billion marketplace, and had said it anticipated $4-million sales by 1998. The planned announcement which would increase those projections is expected to relate to an impending expansion into yet another emerging market for its product line.
With an important ginseng distribution foothold, RMGG hopes to leverage its distribution network to eventually export a broad line of medicines, patient appliances and pharmaceuticals. |
