Message #25 From:
NewsBot Date: September 21, 2006 09:28:00 AM
CHHH News China Health Holding Announces Appointment Mr. De Cotiis (The President/CEO of De Cotiis Group) as The President
LAS VEGAS--(BUSINESS WIRE)--Sept. 21, 2006--Julianna Lu, Founder/CEO of (OTCBB:CHHH), a developer, marketer and manufacturer of natural herbal supplement products based on traditional Chinese medicine, announced today Mr. De Cotiis, Nick, The President/CEO of De Cotiis Group/Companies (Developer, Builder, Investments, Venture Capitalists), has been appointed as the President for the Company.
Mr. De Cotiis has been The President/CEO for De Cotiis Group/Companies since 1990 in both the public and private arena. De Cotiis Group/Companies has been involved in real estate development/management, construction and acquisitions since the 1950's. De Cotiis Group/Companies/Family has a strong presence in the North American development community, with projects developed or/and underway in excess of 4 billion dollars of cumulative value. De Cotiis Group/Companies and Family remains committed to the future growth and development projects include high-rise condominium towers, industrial parks and single and multifamily homes. Mr. De Cotiis has also supported charitable foundations in North America including Athletics 4 Kids, Children's Hospital, and Lions Gate Hospital. Mr. De Cotiis began his career in 1980 and has been involved with De Cotiis Group/Companies cumulatively exceeding 4 billion dollars in value.
"We are honored and pleased to have Mr. De Cotiis join as the President," commented Julianna Lu, Chief Executive Officer of CHHH, "Mr. De Cotiis' extensive successful business background in North America will be extremely valuable to CHHH. We welcome Mr. De Cotiis to CHHH and look forward to having a prosperous and productive, and long-term relationship." CHHH has poised to become a world leader in the pharmaceutical industry. Mr. De Cotiis will assist and lead and commit CHHH to the forefront of the pharmaceutical industry in China and globally. Mr. De Cotiis will endeavor to procure and advance CHHH to achieve the leadership status. Mr. De Cotiis is responsible for CHHH for further financing, corporate development, acquisitions and the strategic partnership and vision of the Company.
About China Health Holding, Inc.
China Health Holding, Inc. (OTCBB:CHHH), has an extensive knowledge of and expertise in the field of Traditional Chinese Medicine, which it uses to develop, manufacture, and commercialize natural herbal medicinal products and a comprehensive line of completely natural multi-vitamins and mineral food supplements. The Company's medicinal philosophy includes elements of traditional Taoist teachings and medical research related to the "King of Herbs" and significant herbal plants and minerals.
CHHH's immediate goal is profitable penetration of the growing global and China pharmaceutical industry and market and to seek and develop potential acquisition candidates with major pharmaceutical companies in PR China and worldwide to secure a strong future and powerful position in the global and PR China pharmaceutical industry. Long-term plans include the development of a pharmaceutical drug pipeline and technology based on the Company's access to the knowledge of Traditional Chinese Medicine and PR China pharmaceutical industry.
CHHH is supported by two core, wholly owned subsidiaries:
1. China Health World Pharmaceutical Corporation, which will develop, manufacture and commercialize natural medications for epidemic diseases and conditions related to mellitus, cardiovascular and cerebral-vascular system dysfunctions, and neurological disorders.
2. China Health World Trade Corporation, which will support CHHH in the areas of worldwide branding, multimedia marketing and multi-channel distribution to global customers and markets.
Recent Developments:
CHHH recently entered into letters of intent to acquire 51% or more of the following pharmaceutical companies in PR China:
-- Shaanxi Wanan Pharmaceutical Co. Ltd.
-- Henan Tiankang Pharmaceuticals Co. Ltd.
* CHHH has executed an acquisition definitive agreement to acquire 60% of Henan Furen Huaiqingtang Pharmaceuticals Co. Ltd.
* CHHH has executed an acquisition definitive agreement to acquire 100% of Shaanxi MeiChen Pharmaceuticals Co. Ltd.
CHHH believes that the completion of these acquisitions will enable it to vertically integrate its operations from manufacturing, developing and marketing Chinese herbal based medicinal products, as well as a pharmaceutical drug pipeline, to full distribution and marketing across PR China, therefore substantially increasing profit margins. Acquisitions should accelerate growth of revenues and earnings. A strategic combination of assets, net income, an enhanced pharmaceutical drug pipeline and technologies will accrete value to the Company and its shareholders.
CHHH also recently signed a letter of intent with WangJing Hospital and the WangJing Hospital of China Academy of Chinese Medical Sciences, PR China, in order to develop the China International University of Traditional Chinese Medicine and the University Hospital for Traditional Chinese Medical Sciences.
Safe Harbor
To the extent that statements in the press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, all forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements and any other cautionary statements, which may accompany the forward-looking statements, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. In addition, the company disclaims any obligation to update or correct any forward-looking statements in all of the Company's press releases to reflect events or circumstances after the date hereof.