First China Overview
|Keys to Success|
|First China Pharmaceutical Group is one of a few pharmaceutical distribution companies in Yunnan Province to be granted a "License of Internet Pharmacy Information Service" allowing online marketing and order processing.
|First China Pharmaceutical Group is positioned to achieve near-term growth by dramatically expanding its product offerings, leveraging online ordering in order to bypass city and county distribution layers, increasing its customer base, and acquiring other established distributors.
|The Chinese pharmaceutical market is growing more than 20% per year. China is on track to become the third-largest prescription drug market next year, with sales expected to grow by $40 billion by 2013 as the country improves its healthcare infrastructure.
First China Management
Mr. Zhen Jiang Wang
Chairman and Chief Executive Officer
Mr. Wang founded Kun Ming Xin Yuan Tang Pharmacies Co., Ltd. (XYT) in 2002 and currently serves as General Manager. He held the position of Executive Director of Kun Ming Feng Ning Department Store from 1998 to 2001. He served as General Manager of Yun Nan Tuo Xin Equipment and Electronics Trading Co., Ltd. from 1994 to 1997. Mr. Wang graduated from He Bei Architecture Institute of P.R. China in 1994 with a degree in Architectural Engineering.
Ms. Jing Gong
Ms. Gong founded Kun Ming Xin Yuan Tang Pharmacies Co., Ltd. (XYT) in 2002 and acted as executive director until 2009. She currently serves as General Manager. Ms. Gong served as General Manager of Kun Ming Feng Ning Department Store from 1998 to 2001. She held the position of Sales Manager of Yun Nan Tuo Xin Equipment and Electronics Trading Co., Ltd. from 1994 to 1997. Ms. Gong graduated from He Bei University of P.R. China in 1999 with a degree in Economic Management.
Mr. Yong Kang Chen
Senior Vice President, Quality Control
Mr. Chen has served as Chief Supervisor of Pharmaceutical Quality of Kun Ming Xin Yuan Tang Pharmacies Co., Ltd. (XYT) since 2002. From 1997 to 2002 he held the position of Chief Supervisor for Kun Ming Municipal Pharmacies Co., Ltd. From 1990 to 1997 he served as Director of Kun Ming Pharmaceutical Inspection Department. From 1987 to 1990 Mr. Chen acted as Director of Dong Guan Science and Technology Committee. From 1983 to 1987 he was Vice Director of Dong Guan Bureau of Hygiene. From 1973 to 1983 he served as Director of Pharmaceutical Inspection of Dong Chuan City. From 1963 to 1973 Mr. Chen was Director of Pharmaceutical Section for No. 1 People's Hospital of Dong Chuan City. Mr. Chen graduated from Nan Jing Pharmaceutical College with a Pharmacy degree in 1963.
Ms. Yi Jia Li
Chief Financial Officer
Ms. Li has served as Financial Manager for Kun Ming Xin Yuan Tang Pharmacies Co., Ltd. (XYT) since 2009. From 2005 to 2009, she held the position of Financial Manager for Yun Nan Rui Ming Audio and Video Equipment Co., Ltd. From 2000 to 2005 she acted as Accounting Manager for Yun Nan Bai Feng Real Estate Co., Ltd. Ms. Li graduated from Yun Nan University in 1999 with a degree in Accounting and Audit.
Mr. Gregory D. Tse
Mr. Tse has over 25 years of international finance, marketing, media, PR and advertising experience with an extensive brand management track record in North America, Hong Kong and China. In China, Mr. Tse has helped many international brands to enter into the marketplace before moving on to become one of China’s first communications/media M&A specialists. Mr. Tse most recently served as Head of China Advisory for Calneva Financial Group from July 2004 to the present date, providing investment banking services for merger and acquisitions in the information technology, media, energy, infrastructure and natural resources areas. Previously, Mr. Tse’s media and marketing communications career included heading up several multinational advertising and PR agencies, including from May 1997 to June 2004, when Mr. Tse served as Managing Director at Publicis China, a communications group, were he managed the China national offices. Mr. Tse has also served as a member of the Board of Directors of i-Level Media Group Incorporated (PK: ILVL) from July 2008 to January 2009. Mr. Tse has also traveled extensively in China as the Chief Communications Officer for CORA (China’s Old Revolution Area), a NGO with a mandate to develop China’s rural areas, and started many humanitarian projects to fund education there. Mr. Tse graduated from the School of Architecture at University of Waterloo, Canada. Mr. Tse was appointed to the Company’s Board of Directors due to his over 25 years of experience, primarily in China, as well as his public company board and management experience. The Company believes that Mr. Tse’s knowledge of investment banking services and mergers and acquisitions will be an invaluable resource as the Company may seek additional capital to expand its business in the PRC in future. The Company also believes that Mr. Tse’s knowledge of brand management and marketing will aid the Company in expanding the brand awareness of its planned pharmaceutical distribution operations.
Mr. Jack Zwick, CPA
Director, Audit Committee Chair
Mr. Zwick is a certified public accountant, and founder of IAPA member firm, Zwick & Banyai, PLLC, certified public accountants in Detroit, Michigan. He is a former managing partner of the metropolitan Detroit office of Laventhol & Horwath (an international CPA firm). He holds CPA certificates in Michigan, New York and Maryland and was promoted to partner at Laventhol & Horwath in 1973. Mr. Zwick became the managing partner of the Detroit office in 1982. He was also an executive director with Grant Thornton (an International CPA firm). Over the years, Mr. Zwick has served clients in many industries, focusing on real estate, manufacturing, pharmaceutical, entertainment, recreation, sports franchises, depleting assets, as well as hospitality and service sector organizations. His expertise encompasses accounting and auditing services, especially pertaining to securities work including initial public offerings of corporations and public limited partnerships, plus tax consulting and litigation support. Mr. Zwick holds a Bachelor of Arts degree in Accountancy and a Master’s of Science in Taxation (a specialty within the MBA program) from Wayne State University. He is a member of the American Institute of Certified Public Accountants and the Michigan Association of Certified Public Accountants and a member of Wayne State University's Accounting Department Advisory Board. He currently is the Senior Vice President of finance of Sunrise Sports & Entertainment, LLC, owners of the Florida Panthers of the National Hockey League and is the CFO of American Bio Care, Inc. (a public company).
Mr. James V. McTevia
Mr. McTevia’s management experience includes the ownership and operation of a variety of business ventures in addition to a hands-on background in banking including commercial and industrial finance. His career spans a variety of positions with the following; McTevia & Associates, Chairman & Managing Member; Creative Capital, LLC, Managing Member; Michigan Mutual, Inc. Advisor to Board of Directors; MMI International Insurance Member; First Preferred Funding Managing Member; Variety Food Services, Board of Directors; SIR Corp. (a publically traded REIT), Board of Directors, Audit Committee; International Investment Company Chairman; Paragon Resources’ President; Paragon Steel Corporation, Assistant Secretary/Treasurer and Director of Credit; Automatic Sprinkler Corporation of America, Assistant Director of Credit; Peninsular Steel Corporation, Assistant Credit Manager; Michigan National Bank, Lending Officer; E.M. Doty Discount Commercial Finance Corporation, Director of Southern Regional Operations. Mr. McTevia holds an Honorary Doctorate Degree in Business. He is an accomplished and prolific author, a frequent lecturer to business and professional groups and is often quoted by the national media. His bylined articles appear regularly in leading business, legal and financial trade publications throughout the country.