ValueRich, Inc. Announces a Consulting Agreement with Xi'an Qinba Pharmaceutical Co., Ltd.
June 12 2008 - 8:00AM
Business Wire
ValueRich, Inc. (AMEX:IVA) a finance and media company that
operates online and offline properties for public and private
companies announced today a consulting agreement with Xi�an Qinba
Pharmaceutical Co., Ltd. of China. Under the terms of the
agreement, ValueRich will act as a strategic consultant to Qinba
Pharmaceutical Co., Ltd. in its pursuit to become a fully
reporting, compliant, publicly traded company with its common stock
listed on the OTC Bulletin Board. The consulting agreement provides
that ValueRich services will include assisting Qinba in the
identification and engagement of a U.S. based securities firm and a
qualified auditor as well as assisting Qinba with the SEC listing
requirements and its application for a trading symbol on the OTC
BB. ValueRich is not required to raise funds in connection with the
Qinba registration and listing efforts. ValueRich President and CEO
Joseph Visconti said, �We believe the Qinba deal evidences our
ability to provide global services and to monetize our expanding
database of contacts and connections.� The agreement provides that
ValueRich will receive both a cash component for its services and
also an equity ownership stake in Xi�an Qinba Pharmaceutical. �If
Qinba, with our assistance, accomplishes its goal and its stock
trades publicly at a relatively moderate valuation in comparison to
its unaudited 2007 numbers, we anticipate that ValueRich will
benefit economically from our equity stake in Xi�An Qinba
Pharmaceutical. We are realists and know what can happen from point
A to point B when it comes to Wall Street transactions especially
in the current state of the economy. Hopefully, the Qinba
transaction is one of many and we expect to continue to focus on
monetizing our network of clients and contacts,� said Visconti.
About Xi�an Qinba Pharmaceutical Co., Ltd. Xi�an Qinba is a Chinese
pharmaceutical company founded in 2001 in Chuang Ye Square with two
locations, Xian and Hanzhong. Xi�an Qinba develops, manufactures
and markets Chinese and Western medicines in tablet, capsule,
granular, medical tea, syrup, oral mixture, injection and frozen
dry powder form. Mr. Wang Guozhu, 44, and Mr. Zhang Guiping, 40,
are Chairman and CEO respectively of Xi�an Qinba Pharmaceutical
Co., Ltd. Both have over 20 years experience in the industry. Xi�an
Qinba currently employs a total of 486 managerial, sales/marketing
and R & D staffers. This news release contains �forward-looking
statements� within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. The forward-looking statements are based on
current expectations, estimates and projections made by management.
The Company intends for the forward-looking statements to be
covered by the safe harbor provisions for forward-looking
statements. Words such as �anticipates�, �expects�, �intends�,
�plans�, �believes��, �seeks�, �estimates�, or variations of such
words are intended to identify such forward-looking statements. All
statements in this release regarding the future outlook related to
ValueRich, Inc., are forward looking statements, including
expectations as to our ability to monetize our expanding data base
of contacts and connections, benefiting economically from our
equity stake and our continued focus on monetizing our network of
clients and contacts. There can be no assurance that Xi�an Qinba�s
stock will be publicly traded or if publicly traded that the stock
price will be as anticipated. Please refer to the Company�s Annual
Report of Form 10-KSB for the year ended December 31, 2007 under
the caption �Risk Factors� and our other periodic and current
reports filed by us with the SEC for additional information
regarding risks and uncertainties associated with an investment in
our securities. Copies of these filings are available through the
SEC's website at www.sec.gov. About ValueRich Inc. ValueRich, Inc.
operates various online media-based properties for corporate and
financial professionals, including ValueRich magazine and the
industry-wide online financial community iValueRich.com. The
Company�s corporate mission is to create an active community of
financial professionals and micro-cap public company executives
through its integrated portfolio of products and services. Become a
free member of iValueRich.com at http://www.ivaluerich.com.
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