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To: Steven Angelil who wrote (15156)5/6/1998 3:24:00 PM
From: Big Dog  Read Replies (1) | Respond to of 34592
 
That's what I'm here for, to make money for me and you. RMGG

BIG DOG



To: Steven Angelil who wrote (15156)5/6/1998 3:28:00 PM
From: Big Dog  Respond to of 34592
 
More info on RMGG. This market is huge.

BIG DOG

World Ginseng Market Estimated at 3 Billion Dollars

BusinessWire, Wednesday, November 19, 1997 at 14:20

BURNABY, British Columbia--(BUSINESS WIRE)--Nov. 18, 1997--China
consumes over 4 million pounds of American Ginseng annually and
favors it over all other ginseng. The Chinese ginseng market has an
estimated annual growth rate of 10%. Recently China's largest
newspaper, The Peoples Daily, reported an annual shortfall of 1000
to 2000 tonnes of ginseng in China. Does this present a window of
opportunity? One company believes it does!
Rocky Mountain Ginseng, Inc. a Colorado company with offices in
Shanghai and Fuzhou, China, is making their entry into the ginseng
market with the company's exclusive value added ginseng products.
For centuries ginseng root has been the cornerstone of the Chinese
traditional herbal medicine. Panax Quinquefoliun, better know as
American Ginseng, is a native plant to North America and is the
favored ginseng in China. Fuzhou Rocky Mountain American Ginseng Co.
became a registered Chinese company in April of 1997 with exclusive
trade mark rights to their Rocky Mountain Logo in China. The
purchase of Fuzhou Fujiang Drugs Co. Ltd. by RMGG will allow the
company to import, manufacture, and distribute their value added
Ginseng products throughout China. It is important to note that this
is not a joint venture and that RMGG has avoided all offers to joint
venture. The purchase will give RMGG 100% ownership of Fuzhou
Fujiang Drugs Co. Ltd., and all the necessary permits required by
the Drug Administration Law of China. The company is presently
distributing ginseng products in 10 major economic cities with an
area population in excess of 225 million people. The presence of
RMGG in China will enable Chinese pharmaceutical companies to
purchase ginseng root directly from the American source, eliminating
the problems encountered with Hong Kong traders. Rocky estimates
that it will sell 70 tonnes of ginseng to China in 1999 along with
its value added ginseng products. The company is preparing a
$100,000 container shipment of value added products and ginseng root
for shipment to Shanghai to be distributed by a large Chinese trading
company. RMGG is also negotiating the supply of American ginseng to
several hospitals and pharmaceutical companies in China.
RMGG shipped its first order to the Philippines in July and is
presently negotiating with other Asians countries.
Pharmaceutical registration of the company's Gold Root ginseng
products with various government departments is currently underway
in over 15 European countries, directed by Dr. De Smet of Rocky
Mountain's Geneva office. Shipments of product to Eastern European
countries are expected in November of 1997 followed by deliveries to
France, Italy and Belgium in early 1998. European consumers are
accustomed to herbal remedies and organic food products and the
concept of 100% natural American ginseng products served directly
from Canadian farms is very appealing. Latvia, Estonia, Romania and
the UK have recently completed registration. The initial order for
the UK has been received for January delivery. The company expects
to announce three further initial product orders this month from
Europe. RMGG's first order to Bangladesh will be shipped upon
completion of the bank letter of credit.
The company projects revenues of up to $1.7 million from Europe
in 1998 and revenues of $6 to $9 million in 1999 in China from the
sale of ginseng root and value added ginseng products. All figures
are expressed in US dollars.

CONTACT: Rocky Mountain Ginseng Inc.
Robert L. Bell, 604/420-0095
rlbell@direct.ca