News out on RMGG.
dljdirect.com
ROCKY MOUNTAIN GINSENG, INC. ANNOUNCES
FIRST SHIPMENT OF RAW MATERIALS FROM
NORTH AMERICA TO FUZHOU, CHINA BUSINESS
EDITORS VANCOUVER, CANADA--(BUSINESS
WIRE)--NOV. 18, 1999--ROBERT BELL, PRESIDENT
VANCOUVER, Canada--(BUSINESS WIRE)--Nov. 18, 1999--Robert Bell,
President of Rocky Mountain Ginseng, Inc. (OTCBB:RMGG.O), announced
today that the first shipment of raw materials from North America has
arrived in China and will be used in the production process at the
company's new manufacturing plant situated in Fuzhou, in the province
of Fujian.
The plant is slated to go into production before month end and
will supply the company's newest product, Ginseng Honey, for both
wholesale and retail markets in several Chinese provinces.
Regarding the newly announced "Trade Agreement" between China and
the USA, Mr. Brian Hodge, Rocky Mountain's operation manager for
China, was reported to be very enthusiastic about the agreement and
believes that the reduction of trade barriers will greatly benefit
both the USA and China.
Mr. Hodge stated that Rocky Mountain Fuzhou Drug Company Ltd.,
being the first wholly owned American company doing business in Fujian
province, is strategically positioned to take advantage of the new
trade policy and that it can only help RMGG attain its business share
of the immense Chinese market.
Mr. Hodge further stated that the new trade agreement should
stimulate more Western companies to begin marketing their products in
China and that RMGG is in an excellent position to assist and joint
venture with companies in the pharmaceutical and healthy food industry
wanting to enter the Chinese market.
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 processing 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.
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 27 people in processing, sales, accounting and
management. Rocky Mountain (Fuzhou) Drug Co. Ltd. is the first wholly
owned American 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.
--30--kmw/se*
CONTACT: Rocky Mountain Ginseng, Inc.
R.L. Bell, 604/420-0095
rlbell@direct.ca
www.direct.ca/ginseng
or
PMR & Associates, LLC
Patrick Rost, 760/942-0015
pmrandco@aol.com
or
JGS Management Group
Jerry Simek, 858/453-0772 phone
jgsgroup@aol.com
KEYWORD: INTERNATIONAL CANADA ASIA PACIFIC
INDUSTRY KEYWORD: FOOD/BEVERAGES ALTERNATIVE MEDICINE
PHARMACEUTICAL RETAIL MERGERS/ACQ
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