CybeRelease: (OTC: TEDG) Techedge, Inc. Issues Update
(CybeRelease, March 27, 2006) - Lake Harmony, PA - Techedge, Inc. (OTC BB: TEDG) Chairman and CEO Peter Wang today issued the following corporate update: "Techedge is repositioning itself for the fast growing bio-pharmaceutical sector in China. With its recently signed Letter of Intent with China BioPharma Limited, Techedge plans to quickly enter into this market with a major interest holding in one of the fast growing bio-pharmaceutical companies in China. Techedge is in the process of preparing the legal document and expect to close this deal in Q2, 2006. After closing this deal, Techedge expects to consolidate its annual sales at about $10 million and net income about $1.5 million. The Bio-pharmaceutical sector is one of the fastest growing sectors in China at about 25% annual growth. Current demand for vaccines of epidemic diseases such as SARS and Avian Bird Flu is growing rapidly. With the relationship and working experience through strategic partners and various government agencies in China, Techedge plans to team up and invest in other profitable and well-managed bio-pharmaceutical companies in China. For more information, go to http://biz.yahoo.com/bw/060327/20060327005314.html?.v=1
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