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FCPG major acquisition / Best one week chart focus.....CHTL moves step closer to 4g launch in China

FCPG seeing a very strong rebound off of 1 in the last week, and may still have wheels on acquistion news out this morning that is very significant for them.

FCPG prior to the acquisition, already has forecast revenues doubling in 2011.

First China Pharma Targets Major South China Expansion With LOI to Acquire Large Regional Pharmaceutical Distributor

March 15 - Marketwire via Comtex
 
The deal secures 2500 drug varieties delivered to over 886 primary customers.

Excerpt from the article:  ......The relationship with Ming He Tang would open a significant opportunity for First China as expansion into south China is considered a huge leap forward in the Company's aims. Prior to the onset of negotiations, strategic planning had not targeted south China until a future date, mainly due to the highly mature state of the marketplace in the southern provinces. However, Ming He Tang is well known and respected throughout its region and offers immediate access to a very firm business foundation and existing large distribution network throughout Guangdong Province.

First China Pharmaceutical's CEO Mr. Zhen Jiang Wang comments, "To acquire Ming He Tang would significantly and dramatically launch brand awareness of First China throughout the entire south China region. News of this magnitude would also penetrate media awareness on a national level and continue to build our brand positioning as a rapidly growing force in the industry. The signing of this LOI is an excellent and auspicious start to 2011.

 


China Tel CHTL seeing some late breaking news that is sparking an initial pickup to .20.......Ongoing mentions at www.greenbackers.com regarding stock set to deploy what should become the largest 4g network in China....Back in Jan the stock ran from .14 to .42.....Since they have been building a base around .18.

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ChinaTel Signs Contracts for ZTE to Supply Equipment and Services for Its Wireless Broadband Network in Fujian Province Business Wire Tue 10:20AM EST