China SHESAYS Opens New Clinics in Leshan and Yibin Cities
CHENGDU, China, Sept. 21 /PRNewswire-Asia-FirstCall/ -- China SHESAYS Medical Cosmetology Inc. (OTC Bulletin Board: CSAY) ("China SHESAYS" or the "Company"), which operates a chain of specialized medical cosmetology hospitals, clinics and skincare centers in Sichuan province, today announced that it has recently opened two new outpatient clinics in Leshan and Yibin cities in Sichuan province.
The Leshan and Yibin clinics, opened on August 18 and August 26 respectively, are both directly operated by the Company's flagship hospital in Chengdu and adopt the same procedures as the flagship hospital. The 861-squre- meter clinic in Leshan and the 822-square-meter clinic in Yibin primarily provide a range of customized services including medical cosmetology, cosmetic surgery, cosmetic dentistry, and cosmetic dermatology. The newly opened clinics adhere to a premium service concept that focuses on minimally invasive surgery to fully integrate daily cosmetic procedures with medical treatment.
The Company has so far incurred capital expenditures of $1 million in each of the newly opened clinics and expects to invest an additional $200,000 in equipment in each clinic in the upcoming year. When operating at full capacity, the Company expects the Leshan and Yibin clinics to each accommodate 10,000 patients a year.
"We are excited about opening new clinics in additional Tier II cities in Sichuan province as this represents a first step to roll out our unique chain of clinics and hospitals, thereby expanding our presence in these underdeveloped markets," said Mr. Yixiang Zhang, Chairman and Chief Executive Officer of China SHESAYS. "The new clinics in Leshan and Yibin, though smaller than our existing flagship hospital, are expected to contribute a total of approximately $5 million in revenue and approximately $1.5 million in net income in fiscal 2011. We look forward to bringing our world-class procedures and technologies to a broad customer base in these cities, while creating great opportunities for revenue and profit growth."
About China SHESAYS Medical Cosmetology Inc.
China SHESAYS, founded in 2005, operates a chain of specialized medical cosmetology hospitals, clinics and skincare centers in Sichuan province. The Company has a full range of services including cosmetic surgery, cosmetic dermatology, cosmetic dentistry, and cosmetic Traditional Chinese Medicine ("TCM"). Headquartered in Chengdu, China SHESAYS has become one of the fastest growing cosmetology businesses in China and one of the most renowned cosmetology hospital chains in Sichuan province. Currently, the Company receives more than 20,000 patients each year. For more information, contact CCG Investor Relations or visit China SHESAYS' website at http://www.xichan.cn/ .
About CCG Investor Relations
CCG is one of the nation's leading investor relations and strategic communications agencies. In business for more than 30 years, the agency provides a complete range of investor communications and counseling services to nearly 80 clients across multiple capital markets. CCG has been awarded a number of industry honors for its handling of complex investor relations and crisis communications matters. The agency's corporate headquarters is in Los Angeles with offices in New York, Beijing, Shanghai, Hong Kong, Frankfurt and Tel Aviv. For further information, contact CCG directly, or visit the Company's web sites at http://www.ccgir.com and http://www.ccgirasia.com .
Safe Harbor Statements
This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward looking statements are based upon the current plans, estimates and projections of China SHESAYS' management and are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially from the forward looking statements. Such statements include, but are not limited to, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in China, as well as all assumptions, expectations, hopes, beliefs, predictions, and intentions about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in China, general economic conditions; geopolitical events and regulatory changes, availability of capital, the Company's ability to maintain its competitive position as well as other relevant risks, including but not limited to risks outlined in the Company's periodic filings with the U.S. Securities and Exchange Commission. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. China SHESAYS does not assume any obligation to update the forward- looking information contained in this press release.
For more information, please contact:
Company Contact:
Ms. Wenbin Zhu, Chief Financial Officer
China SHESAYS Medical Cosmetology Inc.
Tel: +86-135-1816-1269
Email: [email protected]
Web: http://www.xichan.cn
Investor Relations Contact:
CCG Investor Relations
Crocker Coulson, President
Tel: +1-646-213-1915
Email: [email protected]
Linda Salo, Senior Financial Writer
Tel: +1-646-922-0894
Email: [email protected]
Web: http://www.ccgir.com
SOURCE China SHESAYS Medical Cosmetology Inc.
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