China Bio Health Group, Inc. (OTC Pink Sheets: CBHL) announced that the Company’s net profit of US$346,031 in 2004 is an increase in net profits of 25.6% over 2003 net profit of US$275,447.
Mr. Xinmin Zhang, Chairman and President, said, « China Bio Health Group’s marketing strategy, in managing our 40,000m flagship complex in Chengdu, has worked very well. Our plan during 2005 is to enter into management agreements with other sports centers in
Mr. Zhang said, « We are also finalizing our plans to enter the untapped elder care industry and seek management contracts and acquisition opportunities. With a market of 150 million seniors that will grow to over 275 million in just one generation, elder care is a significant problem throughout china. »
An example of the shortage of elder care bed space can be seen in
For more information, please call Mr. K. S. Lai at 852-25278378, fax 852-21520612 or email to cbhl_rong_d@yahoo.com.hk.
Safe Harbor Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company’s expectations with regard to the future impact on the company’s results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur.
SOURCE China Bio Health Group, Inc.
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