Axm Pharma, Inc. (AXJ) Signs $7.25 Million Distribution Agreement
10/19/2005 5:12:50 PM
LAS VEGAS, NV -- (MARKET WIRE) -- 04/15/2005 -- AXM Pharma, Inc. (AMEX: AXJ) announced today that it has signed a $7.25 million distribution agreement with Sinopharm Holding Guangzhou Co. Ltd for the Company's line of Elegance, Asarone and Anti-Fatigue products for distribution in Shanghai. The contract is for sales in 2005. AXM Pharma has signed a total of nearly $17 million in contracts since the Company's factory opened in March.
Sinopharm Holding Guangzhou Co. Ltd, an affiliate of China National Pharmaceutical Group Corp. ("Sinopharm") http://www.sinopharm.com/eng-about-us.htm, is actively engaged in the research and development, capital investment, manufacture and trade of pharmaceuticals and medical instruments. Sinopharm has achieved an annual sales volume of 10 billion RMB (over 1.2 billion U.S. Dollars) and a total import and export volume of 200 million U.S. Dollars.