AXM Pharma Signs Distribution Agreement With Sinopharm

AXM Pharma announced that it entered into a distribution agreement with Sinopharm Holding Guangzhou for an expected purchase amount through December 2005 of RMB 54,000,000 (US$6,560,000) for the company's line of Elegance products, formerly known as Whisper. Additional products, including Anti-Fatigue and Asarone, are expected to be sold in upcoming quarters. The sales territory includes Guangdong province, Guangxi Autonomous Region, Yunnan Province, Guizhou Province, Fujian Province, Sichuan Province, Chongqing City, Hainan Province, Hubei province and Hunan Province.

Market Wire (http://www.marketwire.com/mw/release_html_b1?release_id=82430)