NSP Subsidiary Signs Letter of Intent for Expansion into China.
PICKERING, Ontario -- Sergio Martines, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of NSP (1) (Network Service Provider) An organization that provides a high-speed Internet backbone to ISPs and other service providers. Sprint, MCI and UUNET are examples of NSPs. See Internet backbones. Pharma Corp. ("NSP")(TSX TSX Toronto Stock Exchange (TSE before April, 2002)
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TSX True Space Extension VENTURE:NSP) is pleased to announce that Naturale Science Pharma Inc.("NSPI NSPI National Spa and Pool Institute
NSPI National Spa & Pool Institute
NSPI Name Service Provider Interface (Microsoft)
NSPI Nova Scotia Power Incorporated
NSPI National Society of Performance and Instruction "), NSP's wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
In other words, the parent company owns the company outright and there are no minority owners. , has signed a Letter of Intent ("LOI LOI Letter of Indemnity (international trade and carriage business)
LOI Letter Of Intent
LOI Loss On Ignition
LOI Letter of Inquiry
LOI Lack Of Information
LOI Lack of Interest
LOI Letter of Invitation
LOI List Of Items ") with Jiangsu Longliqi Group Co. Ltd. ("Longliqi") based in Jiangsu, People's Republic of China. The LOI specifies that NSPI and Longliqi will form a joint venture which will co-develop a business plan for the distribution of NSPI's products throughout the Greater China market. NSPI will control a majority interest in the joint venture company.
Established in 1986, Longliqi is a large and well-known enterprise in China with over 260 branches. Its major consumer business is in the cosmetics industry (branded products and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and ), and the Company has the distinction of being the leading domestic player in China's cosmetics and toiletries market. Longliqi's estimated sales exceed RMB $3 billion (approximately C$425 million) on an annual basis.
China is now considered one of the largest and fastest growing markets within the global beauty industry, with total consumer spending in this sector exceeding US$5 billion in 2005. According to a recent national government research project, spending on beauty products and services has been increasing at an average of 15 - 20% annually over the last 5 years. The study also forecasts that growth will continue at a rate of 25% per annum over the next 5 years.
"This endeavour will introduce NSPI's offerings to the world's largest population," stated president Sergio Martines. "Beauty and skin care products are in heavy demand by China's enormous consumer base, and there is a trend for that demand to increase substantially in the years ahead. We are very excited to pursue the opportunity and will work avidly toward gaining a profitable share of this immense and rapidly growing market."
NSPI (www.nsp.ca, www.clubmodele.com) is a leading cosmeceutical cos·me·ceu·ti·cal
A cosmetic that has or is purported to have medicinal properties. and pharmaceutical company that markets innovative, high-quality, anti-aging products to retail drug and department chains in the United States and Canada. Its objective is to become the premier supplier of skincare and healthcare solutions to an aging global population.
Based in Pickering, Ontario and employing 21 people, NSPI's Modele(TM) product line is currently sold in more than 12,200 retail pharmacies and department stores across North America.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Statements made in this release are accurate as of the time of their release and may not reflect future circumstances. Should unforeseen risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, NSP reserves the right to update and amend the statements contained herein.
Shares Outstanding: 15,619,390
Closing Price March 3, 2006: $.90
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NSP Pharma Corp. (TSX VENTURE:NSP)