QINGDAO, China and ROCKVILLE, Md., Feb. 16 /PRNewswire-FirstCall/ -- Synutra International, Inc. (BULLETIN BOARD: SYUT) , one of China's leading manufacturers of dairy based nutritional products for infants and adults, announces the launch of its English language website. The website will continually be upgraded and expanded to meet the needs of Synutra's global followers.
Weiguo Zhang, U.S.-based Synutra President and Chief Operating Officer, commented, "I am pleased that Synutra's English language website is now available to our followers around the world. One of the primary purposes of the website is to provide information regarding our profitable operations and highly-qualified management team. Our most recent addition to the team is Dr. Willie Wu, who joined Synutra as Vice President in December 2005. His extensive sales and marketing experience, with companies such as Bristol Myers Squibb, will help to deepen our market penetration and strengthen our advances in the premium market sales in China. I would also like to highlight the role of Dr. Chi-Tai Huang, who joined Synutra as Director of Technologies in 2004. He has held a variety of key technical and R&D positions in the food and pediatric-nutrition industry, and was most recently Technical Director of Wyeth Nutrition in China. Dr. Chi-Tai Huang has been instrumental in the success of Synutra's R&D efforts, quality control and quality assurance."
The English language website is accessible by visiting: http://www.synutra.com/ .
Synutra's 2005 first nine months and third quarter results, released on February 14, 2006, marked the strongest financial period in Synutra's history. Sales in the third quarter reached $30.5 million and net income was at $3.8 million, surpassing the combined net income of the first two quarters of the year. The third quarter gross margin exceeded full year fiscal 2005 target of 50%.
For a full version of Synutra's 2005 first nine months and third quarter press release and 10-QSB filing, please visit: http://www.synutra.com/ .
About Synutra International, Inc.
Synutra operates six subsidiaries developing, producing, distributing and selling dairy-based nutritional products across the People's Republic of China. It offers its products for infants, children, and pregnant women and nursing mothers under the brand "Sheng Yuan," and for adults under the brand "YiPin." The Group's extensive sales network covers 24 provinces and 227 cities throughout China. For more information, please contact Weiguo Zhang of Synutra, Inc. (301 840 3888,
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward- looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward looking statements if they comply with the requirements of the Act.
For further information:
Mr. Weiguo Zhang, Synutra, Inc., 301 840 3888,
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