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China SHESAYS Retains CCG Investor Relations

September 16, 2010

CHENGDU, China, Sept. 16 /PRNewswire-Asia-FirstCall/ — China SHESAYS
Medical Cosmetology Inc. (OTC Bulletin Board: CSAY) (“China SHESAYS” or the
“Company”), which operates a chain of specialized medical cosmetology
hospitals, clinics and skincare centers in Sichuan province, today announced
that it has retained CCG Investor Relations (“CCG”) to design and execute its
investor relations campaign.

Founded in 2005, China SHESAYS operates a chain of specialized medical
cosmetology hospitals, clinics and skincare centers in Sichuan province of
Southwest China. The Company provides a full range of services including
cosmetic surgery, cosmetic dermatology, cosmetic dentistry, and cosmetic
Traditional Chinese Medicine (“TCM”). Headquartered in Chengdu, China SHESAYS
has become one of the fastest growing cosmetology businesses in China and one
of the most renowned cosmetology hospital chains in Sichuan province. In only
five years, the Company has grown into the second largest cosmetology player
in the region in terms of revenue. Currently, the Company receives more than
20,000 patients each year.

Recently, the Company has founded three new medical cosmetic clinics in
Yibin, Leshan and Zigong cities, in Sichuan province, and is currently
constructing its second flagship hospital in Chengdu, where it expects to
commence operation in the first quarter of 2011. While China SHESAYS’ primary
focus remains on the local market in Sichuan province, the Company aims to
expand its business into more provinces in Southwest China and other parts of
China in the foreseeable future.

Albeit relatively new, the medical cosmetology industry has become one of
the fastest growing industries in China. With more disposable income and
increasingly open attitudes towards medical cosmetology among Chinese
consumers, the market for medical cosmetology in China exhibits enormous
potential. According to a recent report by Beijing Zhengdian International
Investment Consultancy, the turnover of China’s cosmetic industry was
approximately $47.1 billion in 2008. Some independent research institutes have
projected the turnover of China’s cosmetic industry at approximately $58.9
billion
in 2009, or a growth rate of 25%. According to the Chinese Medical
Doctor Association, the medical cosmetology market alone accounted for
approximately $4.4 billion of turnover in 2009, and is expected to reach $58.9
billion
by 2014, about 13 times the current consumption, representing a
compound annual growth rate of 68%.

“In China, the general public is becoming increasingly accepting of
medical cosmetology as people have witnessed the favorable impact that such
procedures have on their personal development. In addition to bringing in
world-class procedures and technologies, we are also enhancing our branding
efforts in order to position ourselves as a leading provider of medical
cosmetology services in China. As consumer awareness of medical cosmetology
continues to increase, we believe we will be able to capture the tremendous
opportunities in this largely underdeveloped market,” said Mr. Yixiang Zhang,
Chairman and Chief Executive Officer of China SHESAYS. “We look forward to
working with CCG to communicate to investors about our business operations and
financial performance.”

“Years of economic growth and improved living standards in China have
dramatically changed the consumption pattern of the Chinese people. With a
younger generation that is increasingly conscious of personal confidence and
recognition, and a general population that is gradually becoming more open to
medical cosmetology, we believe that medical cosmetology will experience
growing demand in the future. China SHESAYS, which possesses a unique
operating model of chain hospitals with strong expertise and premium quality
service, is well positioned to take advantage of this increased demand,” said
Crocker Coulson, President of CCG Investor Relations.

For the six months ended June 30, 2010, China SHESAYS generated revenues
of $6.0 million, an increase of 36.4% from $4.4 million for the same period in
2009. Net income remained largely flat at $1.5 million, but was actually
higher than the full year of 2009 excluding fees associated with being a
public company. In fiscal year 2009, revenues were $8.8 million and net income
was $1.8 million.

About China SHESAYS Medical Cosmetology Inc.

China SHESAYS, founded in 2005, operates a chain of specialized medical
cosmetology hospitals, clinics and skincare centers in Sichuan province. The
Company has a full range of services including cosmetic surgery, cosmetic
dermatology, cosmetic dentistry, and cosmetic Traditional Chinese Medicine
(“TCM”). Headquartered in Chengdu, China SHESAYS has become one of the fastest
growing cosmetology businesses in China and one of the most renowned
cosmetology hospital chains in Sichuan province. Currently, the Company
receives more than 20,000 patients each year. For more information, contact
CCG Investor Relations or visit China SHESAYS’ website at
http://www.xichan.cn/ .

About CCG Investor Relations

CCG is one of the nation’s leading investor relations and strategic
communications agencies. In business for more than 30 years, the agency
provides a complete range of investor communications and counseling services
to nearly 80 clients across multiple capital markets. CCG has been awarded a
number of industry honors for its handling of complex investor relations and
crisis communications matters. The agency’s corporate headquarters is in Los
Angeles
with offices in New York, Beijing, Shanghai, Hong Kong, Frankfurt and
Tel Aviv. For further information, contact CCG directly, or visit the
Company’s web sites at http://www.ccgir.com and http://www.ccgirasia.com .

Safe Harbor Statements

This press release contains forward-looking statements made under the
“safe harbor” provisions of the U.S. Private Securities Litigation Reform Act
of 1995. Such forward looking statements are based upon the current plans,
estimates and projections of China SHESAYS’ management and are subject to
known and unknown risks and uncertainties, which could cause actual results to
differ materially from the forward looking statements. Such statements include,
but are not limited to, those concerning market and industry segment growth
and demand and acceptance of new and existing products; any projections of
sales, earnings, revenue, margins or other financial items; any statements of
the plans, strategies and objectives of management for future operations; any
statements regarding future economic conditions or performance; uncertainties
related to conducting business in China, as well as all assumptions,
expectations, hopes, beliefs, predictions, and intentions about future events.
Therefore, you should not place undue reliance on these forward-looking
statements. The following factors, among others, could cause actual results to
differ from those set forth in the forward-looking statements: business
conditions in China, general economic conditions; geopolitical events and
regulatory changes, availability of capital, the Company’s ability to maintain
its competitive position as well as other relevant risks, including but not
limited to risks outlined in the Company’s periodic filings with the U.S.
Securities and Exchange Commission. Accordingly, although the Company believes
that the expectations reflected in such forward-looking statements are
reasonable, there can be no assurance that such expectations will prove to be
correct. China SHESAYS does not assume any obligation to update the
forward-looking information contained in this press release.

    For more information, please contact:

    Company Contact:
     Ms. Wenbin Zhu, Chief Financial Officer
     China SHESAYS Medical Cosmetology Inc.
     Phone: +86-135-1816-1269
     Email: zwb10305@126.com
     Web:   http://www.xichan.cn

    Investor Relations Contact:
     CCG Investor Relations
     Crocker Coulson, President
     Phone: +1-646-213-1915
     Email: crocker.coulson@ccgir.com

     Linda Salo, Senior Financial Writer
     Phone: +1-646-922-0894
     Email: linda.salo@ccgir.com
     Web:   http://www.ccgir.com

SOURCE China SHESAYS Medical Cosmetology Inc.


Source: newswire



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