Market Pulse Breaking News Alert for Wednesday, April 11, 2007: LWLL - Linkwell Corporation Follows up Strong Financial Results, Record Revenues With Agreement Valued at $1.2 Million!
Market Wire, April, 2007
Market Pulse News Alert for this AM, Stocks to Watch are: Linkwell Corporation (OTCBB: LWLL), Memory Pharmaceuticals Inc. (NASDAQ: MEMY), Oracle Corp. (NASDAQ: ORCL) and Dendreon Corp. (NASDAQ: DNDN).
Investors need to be watching Linkwell Corporation (OTCBB: LWLL) this AM! Linkwell Corporation, through its wholly owned subsidiaries Shanghai Likang Disinfectant High-Tech Company and its recently added Shanghai Likang Biological High-Tech Company, is a leading developer, manufacturer and distributor of healthcare related disinfectants in China. Likang Biological is a high-tech company that engages in R&D and manufacturing of pharmaceutical products for human and veterinary use, as well as cosmetic and biological products. Likang Biological holds 10 manufacturing and distribution licenses for disinfectants and pesticides authorized by the Ministry of Agriculture of China. The potential market for veterinary disinfectant products and drugs is vast in China, estimated to be about $120 million in annual sales. In the US, the $2 billion disinfectant and antimicrobial chemical market is expected by Freedonia Group to grow 5% annually through 2009. Linkwell has been granted 26 licenses by the Chinese Ministry of Health since 2002 and currently manufactures 38 different products packaged to meet various market needs. Linkwell's disinfectant healthcare products are a nationally recognized domestic Chinese brand in this market segment. Linkwell products include disinfectants in liquid, tablet, powder and aerosol form. Through Likang Disinfectant, Linkwell has a national marketing and sales presence throughout all 22 provinces, 5 autonomous regions, and 4 special municipalities of China. The company is focused on expanding its product portfolio to target the retail consumer market for disinfectants, as well as industrial, livestock, agricultural and other specialized segments of the disinfectant industry. Linkwell recently announced record revenues of approximately $7.75 million for the year ended December 31, 2006; representing an approximately 42% increase from $5.47 million in revenues recorded for 2005. Linkwell's Chairman and CEO, Mr. Xuelian Bian, commented, "Moving into 2007, we intend to continue to market our leading brands, further expand our channels of distribution, partner strategically with a major multinational company, identify further cost savings throughout our business, and pursue acquisitions that will extend our distribution network and/or be complementary to our current business. We believe our initiatives in 2007 will continue to enhance our performance and expand our presence in the marketplace." Linkwell has emerged as a prominent and influential technical enterprise in the disinfectant industry within China! LWLL has had several excellent news announcements out lately and one again after yesterday's bell announcing an agreement to supply disinfectants for China Customs valued at an estimated $1.2 million! The company also announced last week strong financial results and record revenues! Investors should be watching this one closely!
Linkwell Corporation (OTCBB: LWLL), a leading developer, manufacturer and distributor of healthcare related disinfectants in China, today announced that its wholly owned subsidiary, Shanghai Likang Disinfectant, has recently signed an agreement with Shanghai Youlai Chemical Technology Company, Limited ("Shanghai Youlai") to manufacture disinfectant products specifically designed for use on containers inspected by China Customs through ports in Shanghai, China. The annual additional revenue from this one agreement for Shanghai Likang Disinfectant is estimated to be $1.2 million.
China Customs inspects tens of thousands of containers that are shipped in and out of China each month. China Customs is required by law to disinfect any containers that they inspect. Shanghai Branch of China customs charges shippers or manufacturers approximately $26 million per year in fees for container disinfecting.
Xuelian Bian, CEO and Chairman of Linkwell Corp., stated, "We are very pleased with this new agreement which further demonstrates our leading position in the disinfectant industries in China. The disinfectant program for containers is a highly specialized process, requiring facilities and capabilities that few other disinfectant companies in China possess. We estimate this agreement alone will bring $1.2 million in annual sales with significant renewal potential. As the shipping business through ports in Shanghai expands rapidly, we believe the usage of our disinfectants and technologies by China Customs has the potential to increase substantially."
About Linkwell Corporation
Linkwell Corporation develops, manufactures, and distributes disinfectant healthcare products in China through its wholly owned subsidiary Shanghai Likang Disinfectant High Tech Company. Linkwell's disinfectant healthcare products are a nationally recognized domestic Chinese brand in this market segment. Linkwell products include disinfectants in liquid, tablet, powder and aerosol form. Through Likang Disinfectant, Linkwell has a national marketing and sales presence throughout all 22 provinces, 5 autonomous regions, and 4 special municipalities of China. For more info about the company, please visit http://www.linkwell.us
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