Chengdu Tianyin Pharma Completes Reverse Merger

January 18, 2008 -- Chengdu Tianyin Pharmaceutical Co. Ltd. effected a reverse merger with VisCorp (OTCBB: VSCO) on January 16, and at the same time, the company announced that it had successfully raised $10.2 million in a private placement. Tianyin Pharmaceutical Co., Inc. will become the new name of the company. Chengdu Tianyin, which was founded in 1994, manufactures traditional China medicines and other pharmaceuticals. In fiscal 2007, which ended June 30, 2007, Chengdu Tianyin reported revenues of $20.4 million and net income of $4.2 million. More details...