LOS ANGELES and SHANDONG, China, Sept. 11 /Xinhua-PRNewswire-FirstCall/ -- Gulf Resources (OTC Bulletin Board: GUFR - News) announced today that its wholly- owned subsidiary, Shouguang Yuxin Chemical Industry Company Limited (“SYCI”), has signed a letter of intent with Southwest Synthetic Pharmaceutical Corporation Ltd. and until a purchase agreement is formalized, neither party has an obligation. The relationship contemplated calls for “SYCI” to become a supplier of a chemical compound named 3.4.5-Trimethoxybenzaldehyde (T.M.B.) to Southwest. T.M.B.s are produced from bromine and provides Gulf Resources with the opportunity to become vertically integrated while driving end customer costs. T.M.B. is currently utilized as an intermediary to produce a line of T.M.P. anti-biotic drugs at Southwest’s production facility.
