LOS ANGELES, Aug. 12 /PRNewswire-FirstCall/ -- Sunnylife Global, Inc.
(Pink Sheets: SNYL) announced today the acquisition of a California based
research and development company and a major restructuring of Sunnylife
management as part of this acquisition.
In a share for share transaction, Sunnylife has acquired all of the issued
and outstanding shares of Heart Link Biomedical, Inc., ("Heart Link") a
California based company with a research subsidiary in the People's Republic
of China. Heart Link has filed worldwide patents on two medical products with
a total of 153 claims. One of these products, the BVCS (Blood Vessel Cleaning
System) is in the animal testing stage. Heart Link will continue to operate
as a wholly owned subsidiary.
Mark Chen has been appointed Chairman of the Board and CEO, with Lily Lee
as Executive Vice President on August 3, 2008.
Mark Chen, commenting on the new structure, took a very positive approach
expressing that the original management of Sunnylife laid part of the
foundation which we can build on. Sunnylife will be focusing on developing
its membership-based hospital chain in China, known as World Friendship
Hospital Group. It is now time for the Company to enter the execution and
growth phase and this requires a professional management team with successful
track records in hospital operations, membership-based medical plan
management, hospital acquisitions, corporate finance, and local deal-execution
capabilities, in ordered to bring the company to a higher level in the US
Securities Market.
Sunnylife Mission
Sunnylife is committed to develop a membership-based hospital chain in
China which will:
1. Provide quality medical services to the patients;
2. Offer affordable healthcare for the public; and,
3. Become an ideal partner for other hospitals.
In the next 10 years, World Friendship Hospital Group aspires to upgrade,
manage, and own up to 100 membership hospitals in China (2.4% of the hospitals
owned by state owned corporations). Sunnylife will also provide world-class
training in medical care and hospital management for Chinese doctors, nurses,
and hospital personnel. Currently, Sunnylife has partially renovated one
hospital and is in the process of finalizing the upgrading plans for a second
one.
Safe Harbor Statement
The statements contained herein, which are not historical, are
forward-looking statements that are subject to risks and uncertainties that
could cause actual results to differ materially from those expressed in the
forward-looking statements. All forward-looking statements attributable to the
Company, or persons acting for the Company, are expressly qualified in their
entirety by these cautionary statements.
Contact: Angela Kao
investorrelations@sunnylifeglobal.com
SOURCE Sunnylife Global, Inc.