HANGZHOU, China, Oct. 18, 2017 /PRNewswire/ -- China Jo-Jo Drugstores, Inc. (NASDAQ: CJJD) (the "Company") today announced the
receipt of three distinguished awards by Hangzhou municipal government and Zhejiang provincial government for leadership
in brand recognition, operational excellence, and integrity and
compliance.
"China Jo-Jo is committed to high
standards in all areas of our business and we are proud that our
efforts were recognized by the municipal and provincial government
and our customers," said Liu Lei,
Chairman and CEO of China Jo-Jo
Drugstores. "These achievements reflect the dedication and hard
work of our colleagues and validate our leadership in operating
retail drugstores in the Hangzhou
area."
China Jo-Jo was the first retail
drugstore to have won the recognition as a Hangzhou Famous Brand
from Hangzhou Municipal Administration for Industry and Commerce
and Hangzhou Municipal Bureau for Market Supervision and
Administration.
China Jo-Jo is the only retail
drugstore to be recognized as a Zhejiang Province Key Merchandizer
by a collection of provincial and local governments agencies
including Zhejiang Provincial Department of Commerce, Provincial
and Local Taxation Bureau, Zhejiang Provincial Administration for
Industry and Commerce, and People's Bank of China Hangzhou Main
Branch. The Company initially received this award in 2013 and has
passed the annual review for four consecutive years.
China Jo-Jo was also the first
retail drugstore to have won the recognition as a Zhejiang Province
Exemplary Enterprise for Integrity and Compliance by provincial
agencies including the Economic and Trade Commission, Department of
Finance, Department of Labor and Social Security, Environmental
Protection Bureau, and Quality and Technical Supervision
Bureau.
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.
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
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SOURCE China Jo-Jo Drugstores,
Inc.