SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?


To: J. Nelson who wrote (93311)10/10/2001 8:40:36 AM
From: Joe Copia  Read Replies (1) | Respond to of 150070
 
Business Editors/Medical Writers

VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 10, 2001--Rocky
Mountain Ginseng, Inc.'s (Pink Sheets:RMGS) China operation, Rocky
Mountain (Fuzhou) Drug Co., Ltd., announced in Fuzhou it will open its
third company-owned store on November 1, 2001.
Upon making the announcement, Assistant General Manager Xiao Chen,
stated that over the past several weeks marketing staff have been
assessing possible locations for future company-owned stores in Fuzhou
and Quanzhou in the Fujian province.
"The third store is at a corner location in much sought after
location in a densely populated upper middle income residential area
in central Fuzhou," Mr. Chen stated. "Decoration of the new store will
get underway this week."
Experience to date shows that company-owned stores are very
profitable. Profit margins average 100 percent and all transactions
are in cash which greatly reduces the amount of operating capital
required to carry out this program. Mr. Chen concluded that the
company intends to open 20 new stores before Chinese Spring festival
next February.

ABOUT ROCKY MOUNTAIN GINSENG, INC.

Rocky Mountain Ginseng, Inc.'s head office is located in British
Columbia, Canada. The Company exports American ginseng to its
facilities in Fuzhou, China where it manufactures and processes
American ginseng products. 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 a drug manufacturing
facility in February 1999, now known as Rocky Mountain (Fuzhou) Drug
Co. Ltd. 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
also recently obtained the right to establish company-owned stores and
franchised stores anywhere in China.
The Company currently produces traditional ginseng products for
the Chinese Market, which includes selling to its wholesale customers
and through its retail stores, with the Chinese factory employing 42
people in processing, sales, accounting and management. Rocky Mountain
(Fuzhou) Drug Co. Ltd. is the first wholly owned Canadian Company in
the Fujian province.

Certain statements contained herein constitute forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933 and 21E of the Exchange Act of 1934. Such statements include,
without limitation, statements regarding business and financing,
business trends, and future operating revenues and expenses. Although
the Company believes that the statements are reasonable, it can give
no assurance that such expectations will prove to be correct.
Investors are cautioned that any forward-looking statements made by
the Company or contained in this profile-research report, contain no
guarantee of future performance, and that the actual result may differ
materially from those set forth in the forward-looking statements.
Differences in results can be caused by various factors including, but
not limited to, the Company's ability to be able to successfully
complete planned funding agreements, to successfully market its
products in competitive industries or to effectively implement its
business plan or strategies.

--30--ATR/se*

CONTACT: PMR & Associates, LLC
Pat Rost, 760/942-0015
PMRandCo@aol.com
or
Rocky Mountain (Fuzhou) Drug Co. Ltd.
Brian A. Hodge, (86) 591/379-7969
rockymt@public.fz.fj.cn
or
www.RMGGInvestor.com