Techedge, Inc. (OTC: TEDG) Issues Corporate Plans For China Sector
(CybeRelease, March 28, 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 a Free stock newsletter, go to http://www.OTCReporter.com
CybeRelease Gainers are Steel Dynamics, Inc. (Nasdaq: STLD), Arden Group, Inc. (Nasdaq: ARDNA), NMS Communications Corporation (Nasdaq: NMSS), Insteel Industries, Inc. (Nasdaq: IIIN), Royal Gold, Inc. (Nasdaq: RGLD), C.H. Robinson Worldwide, Inc. (Nasdaq: CHRW), Overstock.com, Inc. (Nasdaq: OSTK) and Neoware, Inc. (Nasdaq: NWRE).
CybeRelease Decliners are Middleby Corporation (The) (Nasdaq: MIDD), Sears Holdings Corporation (Nasdaq: SHLD), Waccamaw Bankshares Inc. (Nasdaq: WBNK), APCO Argentina Inc. (Nasdaq: APAGF), PHI, Inc. (Nasdaq: PHII), American Science and Engineering, Inc. (Nasdaq: ASEI), Akzo Nobel N.V. (Nasdaq: AKZOY) and Daktronics, Inc. (Nasdaq: DAKT).
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor’s reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid CybeRelease $500.00 for the publication of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation and do no trading of any kind.
- Contact Information
- C. P. Barry
- Media Contact
- Contact via E-mail
This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.