From Motley Fool -- "How about American Oriental Bioengineering (AMEX: AOB)? The maker of Chinese medicinal products and bioengineered foodstuffs is on a tear, with sales growing by 53% last year. Administaff and American Oriental Bioengineering have seen their stocks grow more than twofold this year."
And today it has some news:
American Oriental Bioengineering Announces Opening of First Specialty Store
Thursday October 6, 1:09 pm ET
''Life Peptide'' Opens in Times Square District of Hong Kong; Features AOB's Soy Bean Peptide Products, Expands Distribution Channel
HONG KONG--(BUSINESS WIRE)--Oct. 6, 2005-- American Oriental Bioengineering, Inc. (AMEX: AOB - News), an emerging Chinese company that produces and distributes a broad range of pharmaceutical and nutraceutical products, announced that on August 12, the Company hosted a grand opening for its proprietary retail specialty store called "Life Peptide," located in the Times Square district of Hong Kong. "Life Peptide" will carry American Oriental Bioengineering soy bean peptide products, intending to respond to the growing demand for these products in new markets, such as Hong Kong. Soybean peptide products are sold over-the-counter remedies intending to promote general overall health for potential users and are utilized as a remedy for a variety of common ailments affecting a person's overall health and wellbeing.
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In addition to being sold at the "Life Peptide" store, the Company's soy based peptide products will also be offered for sale by other nutraceutical chains commencing on October 15, 2005 including Manning China Resources and Health Plus. The Company expects its soy based peptide products to be on the shelves in approximately 100 stores from such chains.
"This opening of "Life Peptide" exemplifies our strategic business model of increasing the availability of our products to potential customers in under-penetrated and fast growing markets," commented Tony Liu, Chairman and CEO of American Oriental Bioengineering. "This initial move into the Hong Kong market with both our own store and through the distribution channel of other established retailers will increase our customer base with relatively low associated costs and also give us the opportunity to increase sales in the region on a faster basis. We look forward to growing our presence in the region as it becomes a significant contributor to our overall business."
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