China Yongxin Pharmaceuticals Inc. Completes Reverse Merger; Company Begins Trading...
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China Yongxin Pharmaceuticals Inc. Completes Reverse Merger; Company Begins Trading on OTC under Symbol ''CYXN'' CHANGCHUN, China & LOS ANGELES--(Business Wire)-- China Yongxin Pharmaceuticals Inc. (OTCBB:CYXN), a leading manufacturer, distributor and retailer of pharmaceuticals in Northeastern China, today announced that it has completed its previously announced reverse merger with Nutradyne Group, Inc. and, to better reflect the Company's true business, has changed its corporate name to China Yongxin Pharmaceuticals Inc. as well as its ticker symbol to "OTCBB: CYXN." "We felt the corporate name change provided a much clearer reflection of China Yongxin Pharmaceutical's true business operations as one of the fastest growing manufacturing, distribution and retail chain operators of pharmaceutical stores throughout China," said Yongxin Liu, China Yongxin Pharmaceutical's Chairman and CEO. "More importantly, with the last stage of the reverse merger completed and access to the U.S. capital markets, we can now focus our efforts towards the execution of our business plan which calls for the creation of one of China's largest retail network of drug chain stores." To be added to China Yongxin Pharmaceuticals' investor lists, please contact Haris Tajyar at htajyar@irintl.com or at 818-382-9702. About China Yongxin Pharmaceuticals, Inc. China Yongxin Pharmaceuticals Inc. (OTCBB:CYXN) was founded in 1993 as the Changchun Yongxin Dirui Medical Co. (Yongxin), a wholesale drug distributor. Its products include Chinese traditional medicines, Chinese traditional medical teas, chemical pharmaceutical preparations, natural health products, healthy food, cosmetics, and medical equipment. It began retail operations in 2001 and, in 2005, gained franchise rights from the Medicine Shoppe(R) chain for China's Jilin Province. By the end of 2007 it had 90 retail outlets as well as wholesale distribution and manufacturing operations. Its primary market has been in Northeastern China. Forward Looking Statements: This news release contains certain "forward-looking statements." Forward-looking statements are based on current expectations and assumptions and are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, and many of which are beyond the Company's control. Actual results could differ materially from these forward-looking statements as a result of a number of risk factors detailed in the Company's periodic reports filed with the SEC. Given these risks and uncertainties, investors are cautioned not to place undue reliance on such forward-looking statements and no assurances can be given that such statements will be achieved. China Yongxin Pharmaceuticals Inc. does not assume any duty to publicly update or revise the material contained herein. At Investor Relations Intl: Haris Tajyar, Managing Partner 818-382-9702 htajyar@irintl.com Copyright Business Wire 2008
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