| By Marketwire . |
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| April 9, 2007 12:30 PM EDT |
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SHANGAHI, CHINA -- (MARKET WIRE) -- 04/09/07 -- Linkwell Corporation (OTCBB: LWLL), a
leading developer, manufacturer and distributor of healthcare related
disinfectants in China, today announced it has acquired 100% equity of
Shanghai Likang Biological High-Tech Company, Limited ("Likang Biological")
from two affiliates and the remaining 10% equity of Shanghai Likang
Disinfectant High-Tech Company, Limited ("Likang Disinfectant") from
Shanghai Shanhai Group, a non-affiliated entity. This transaction makes
Likang Disinfectant a wholly owned subsidiary of Linkwell Corporation.
Linkwell made the two acquisitions in exchange for 4 million restricted
shares of its common stock. The completion of this transaction makes
Likang Disinfectant a wholly owned subsidiary of Linkwell Corporation and
allows Linkwell to enter into additional product markets through Likang
Biological.
Likang Biological is a high-tech company that engages in R&D and
manufacturing of pharmaceutical products for human and veterinary use, as
well as cosmetic and biological products. The company's manufacturing
capabilities include a Good Manufacturing Practices ("GMP") certified
workshop to produce external-use drugs, as well as two GMP certified
workshops for veterinary drugs where the company is capable of
manufacturing the veterinary drugs in liquid form or in solid form such as
powder, capsule and tablet. Likang Biological holds 10 manufacturing and
distribution licenses for disinfectants and pesticides authorized by the
Ministry of Agriculture of China.
Xuelian Bian, CEO and Chairman of Linkwell Corp., stated, "The completion
of this transaction accomplishes two specific goals for our company as we
move through 2007. First, we now have 100% ownership of our Likang
Disinfectant subsidiary and its valuable sales force. Second, we have
expanded our product offerings and capabilities significantly through
Likang Biological. The potential market for veterinary disinfectant
products and drugs is vast in China, estimated to be about $120 million in
annual sales. With implantation of new regulations by the central
government, the barrier to entry has been raised substantially for
veterinary disinfectant manufacturers without GMP facilities and licenses."
About Linkwell Corporation
Linkwell Corporation (OTCBB: LWLL) develops, manufactures, and distributes
disinfectant healthcare products in China through its wholly owned
subsidiary Shanghai Likang Disinfectant High Tech Company. Linkwell's
disinfectant healthcare products are a nationally recognized domestic
Chinese brand in this market segment. Linkwell products include
disinfectants in liquid, tablet, powder and aerosol form. Through Likang
Disinfectant, Linkwell has a national marketing and sales presence
throughout all 22 provinces, 5 autonomous regions, and 4 special
municipalities of China. For more info about the company, please visit
http://www.linkwell.us
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are based on current expectations or beliefs,
including, but not limited to, statements concerning the Company's
operations, financial performance and, condition. For this purpose,
statements that are not statements of historical fact may be deemed to be
forward-looking statements. The Company cautions that these statements by
their nature involve risks and uncertainties, and actual results may
differ materially depending on a variety of important factors, including,
but not limited to, the impact of competitive products, pricing and new
technology; changes in consumer preferences and tastes; and effectiveness
of marketing; changes in laws and regulations; fluctuations in costs of
production, and other factors as those discussed in the Company's reports
filed with the Securities and Exchange Commission from time to time. In
addition, the company disclaims any obligation to update any
forward-looking statements to reflect events or circumstances after the
date hereof.
Contact:
Tel: 1-877-CHINA-57
Email: info@linkwell.us
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