SinoBiomed Inc. Announces Binding Letter of Intent to Merge With Sitoa, Corporation

HONG KONG, April 5, 2011 (GLOBE NEWSWIRE) -- The Board of Directors of Sinobiomed Inc. (“Sinobiomed,” or “the Company”) (Pink Sheets:SOBM) is pleased to announce the signing of a binding letter of intent to merge with Sitoa, Corporation (“Sitoa”).

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