HANGZHOU,
China, Sept. 26, 2017
/PRNewswire/ -- China Jo-Jo Drugstores, Inc. (NASDAQ: CJJD or the
"Company") has opened three stores in the newly established Lin'an
District of Hangzhou. There are
now four China Jo-Jo drugstores in Lin'an District and the Company
plans to open two more stores by the end of the year.
"We are pleased to expand our retail pharmacies in the newest
district of Hangzhou and provide
the community with high quality and convenient pharmacy services,"
China Jo-Jo's Chairman and CEO, Mr. Liu
Lei commented, "We are well on our way to achieve our goal
of operating 100 stores in Hangzhou, and remain committed to expanding in
new districts such as Lin'an, Xiaoshan, Fuyang and consolidating
our retail leadership."
With half a million population and abundant natural resources,
Lin'an is one of the most economically developed county-level
cities in China. On September 15, 2017, Lin'an was officially
included as the tenth district of Hangzhou to promote innovative development and
economic transformation.
China Jo-Jo's new stores in Lin'an District feature all of the
products and services for which thousands of customers across
Hangzhou visit its stores every
day, including:
- A full service pharmacy staffed by licensed pharmacists and
pharmacy staff
- Prescription and OTC medicines, TCM, dietary supplements,
medical devices
- Health and beauty products including many popular brands
- General merchandise
- The China Jo-Jo Rewards Program, which offers exclusive
discounts and enhance customer experience
The three new China Jo-Jo stores in Lin'an District are located
at:
- No. 639 Jincheng St. & Qianwang St.
- No. 616 Jincheng St. & Shijing St.
- No. 187 Jincheng St. & Chengzhong St.
About China Jo-Jo Drugstores, Inc.
China Jo-Jo Drugstores, Inc., is a leading China-based pharmacy that engages in retail,
wholesale and online distribution and sales of pharmaceutical and
health care products, including through its online and retail
pharmacies. As of Sep 26, 2017, the
Company had 95 retail pharmacies in Zhejiang Province. The Company's wholesale
subsidiary supplies its retail stores and distributes drug and
healthcare products to other drugstores and drug vendors. For more
information, please visit: www.chinajojodrugstores.com. The Company
routinely posts important information on its
website.
Forward Looking Statement
Statements in this press release regarding the Company that are
not historical facts are forward-looking statements and are subject
to risks and uncertainties that could cause actual future events or
results to differ materially from such statements. Any such
forward-looking statements, including, but not limited to,
financial guidance, are made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. These
statements can be identified by the use of forward-looking
terminology such as "believe," "expect," "estimate," "may," "will,"
"should," "project," "plan," "seek," "intend," "anticipate," the
negatives thereof, or comparable terminology. Such statements
typically involve risks and uncertainties and may include financial
projections or information regarding the progress of new product
development. It is routine for the Company's internal projections
and expectations to change as the quarter and year progresses, and
therefore it should be clearly understood that the internal
projections and beliefs upon which the Company bases its
expectations may change. Although these expectations may change,
the Company is under no obligation to inform you if they do. Actual
results could differ materially from the expectations reflected in
such forward-looking statements as a result of numerous factors,
including the risks associated with the effect of changing economic
conditions in the People's Republic of
China, variations in cash flow, reliance on collaborative
retail partners and on new product development, variations in new
product development, risks associated with rapid technological
change, and the potential of introduced or undetected flaws and
defects in products. Readers are referred to the reports and
documents filed from time to time by the Company with the
Securities and Exchange Commission for a discussion of these and
other important risk factors that could cause actual results to
differ from those discussed in forward-looking statements. Other
than as required under the securities laws, the Company does not
assume a duty to update these forward-looking statements.
Investor Relations Contact:
Steve Liu
steve.liu@jojodrugstores.com
Frank Zhao
Chief Financial Officer
+86-571-88077108
frank.zhao@jojodrugstores.com
View original
content:http://www.prnewswire.com/news-releases/china-jo-jo-drugstores-adds-three-stores-in-linan-market-and-on-track-to-achieve-retail-expansion-goal-300525729.html
SOURCE China Jo-Jo Drugstores, Inc.