Tibet Pharmaceuticals Announces Availability of First Quarter 2011 Earnings Call Transcript
SHANGRI-LA COUNTY, China, May 20, 2011 /PRNewswire/ — Tibet Pharmaceuticals, Inc. (NASDAQ: TBET), an emerging specialty pharmaceutical company engaged in the development, manufacturing and marketing of traditional Tibetan medicine in China, today announced the availability of the transcript for its first quarter 2011 earnings conference call, held on May 17th.
During the conference call Taylor Guo, Tibet Pharmaceutical’s Chief Executive Officer, stated, “With our modern 52,000 square-foot facility, and our unique location in the Qinghai-Tibet Plateau and our five SFDA approved medicines, Tibet Pharmaceuticals is committed to meeting the greater demand for Traditional Chinese Medicine.”
“During the first quarter Tibet achieved the milestone event of becoming a NASDAQ listed company and raising $16.5 million in our Initial Public Offering,” continued Mr. Guo. “As we move into the second quarter of 2011, we expect to further increase marketing and advertising for our growing portfolio of traditional Tibetan medicines, with a particular focus on organic growth and accretive acquisitions.”
Throughout the conference call Tibet Pharmaceutical’s CEO spoke about the company’s portfolio of traditional Tibetan medicine products, its operations and production capacity and full details surrounding its revenue and earnings numbers for the fiscal first quarter ended March 31, 2011.
Interested parties are encouraged to read the full transcript of the conference call, available here: www.trilogy-capital.com/autoir/tbet_autoir.html
About Tibet Pharmaceuticals, Inc.
Based in Shangri-La County, Yunnan Province, China, Tibet Pharmaceuticals, Inc. (NASDAQ: TBET) is a rapidly growing specialty pharmaceutical company engaged in the research, development, manufacturing and marketing of modernized traditional Tibetan medicines in China. With over 190 employees and nation-wide distributors, the company develops both prescription and over-the-counter traditional Tibetan medicines that promote health in human respiratory, digestive, urinary and reproductive systems. Tibet Pharmaceuticals’ products are sold throughout China, with a majority of sales concentrated in the southern provinces, most notably Yunnan Province, where the company’s 52,000 sq. ft. GMP-certified manufacturing facilities are located. The access to key raw materials, not generally available outside the province, provides a significant advantage for Tibet Pharmaceuticals.
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This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. Specifically, references herein to contemplated growth in company revenues and/or earnings are forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks contained in reports filed by the company with the Securities and Exchange Commission. All such 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. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
Financial Communications Contact:
Trilogy Capital Partners – Asia
Darren Minton, President
SOURCE Tibet Pharmaceuticals, Inc.