RMGG News
(COMTEX) B: Rocky Mountain Ginseng, Inc. Announces First Shipment of
B: Rocky Mountain Ginseng, Inc. Announces First Shipment of Raw Materials From
North America to Fuzhou, China
VANCOUVER, Canada, Nov 18, 1999 (BUSINESS WIRE) -- Robert Bell,
President of Rocky Mountain Ginseng, Inc. (OTCBB:RMGG), 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.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
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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
WEB PAGE: businesswire.com
GEOGRAPHY: INTERNATIONAL CANADA ASIA PACIFIC
INDUSTRY CODE: FOOD/BEVERAGES
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