China-Biotics, Inc. ("China-Biotics" or "the Company"), (CHBT 13.28, +0.30, +2.31%) the leading developer, manufacturer and distributor of probiotics products in China, announced that it has signed 14 new customers for its bulk additives probiotics products.
Among the 14 small to medium sized new customers, one is animal feed manufacturer, five are functional food, nutritional product and pharmaceutical producers, and the remaining eight are dairy companies. As of the end of November, the total bulk customers increased to 51. Approximately 60% of newly signed customers are located in tier one cities such as Beijing, Tianjin etc.
Mr. Jinan Song, Chairman and CEO of China-Biotics, commented, "We believe our success in consistently winning new bulk businesses reflects the proven value of our unique solution that combines our superior proprietary products with value-added customized production service. Following nine-month of mass production and equipment fine-tuning, we are very confident that the safety and stability of our bulk additive products are now becoming our winning ticket to expand market share in China."
China-Biotics, Inc. ("China-Biotics" or "the Company"), a leading manufacturer of biotechnology products and supplements, engages in the research, development, marketing and distribution of probiotics dietary supplements in China. Through its wholly owned subsidiaries, Shanghai Shining Biotechnology Co., Ltd. and Growing Bioengineering (Shanghai) Co. Ltd., the Company develops and produces a proprietary product portfolio. Currently, its retail products are sold over the counter, mainly through large distributors, to pharmacies and supermarkets in Shanghai and Jiangsu and Zhejiang provinces. The Company also sells bulk products to institutional customers such as dairy and animal feed producers as well as pharmaceutical companies. In February 2010, China-Biotics began its commercial production in China's largest probiotics production facility to meet the growing demand in China. For more information, please visit http://www.chn-biotics.com.