AXM Pharma Signs $7.25 Million Distribution Agreement

AXM Pharma announced that it has signed a $7.25 million distribution agreement with Sinopharm Holding Guangzhou Co. Ltd for the company's line of Elegance, Asarone and Anti-Fatigue products for distribution in Shanghai. The contract is for sales in 2005. AXM Pharma has signed a total of nearly $17 million in contracts since the company's factory opened in March.

Market Wire (http://www.marketwire.com/mw/release_html_b1?release_id=84711)