BEIJING, June 24, 2016 /PRNewswire/ -- Dehaier Medical
Systems Ltd. (NASDAQ: DHRM) ("Dehaier" or the "Company"), which
develops, markets and sells medical devices and wearable sleep
respiratory products in China,
signed a strategic cooperation agreement with Hongyuan Supply Chain
Management Co., Ltd. (hereinafter referred to as "Hongyuan Supply
Chain") on June 20, 2016, to develop
Dehaier's new Internet medical technology business.
Under the strategic cooperation agreement, Dehaier will leverage
Hongyuan Supply Chain's sales platform to reach Dehaier's dealers
and end users more efficiently, selling Dehaier's wearable sleep
apnea diagnostic system medical devices to Hongyuan Supply Chain
for further downchain sale and distribution.
Mr. Ping Chen, Chief Executive
Officer of Dehaier, commented, "We are excited to cooperate with
Hongyuan Supply Chain and believe the combination of Dehaier's
smart health products and services and Hongyuan Supply Chain's
modern logistics network supply chain system will speed our
transformation from our past focus in the traditional medical
equipment industry to emerging Internet smart wearable medical
testing, treatment, family self-evaluation field, thereby improving
our competitive edge in the medical industry. We expect the sleep
apnea business will continue to consolidate, and we have targeted
more than 1,000 domestic 3A public hospitals, mainstream
market-based private medical clinics, VIP clients of insurance
companies and nationwide old-age health services organizations. In
the future, we plan to grow our sleep apnea business to cover a
growing customer base and to focus on improving our planning,
procurement, manufacturing, marketing, logistics and technical
services efficiency. Hongyuan Supply Chain is a management platform
to provide supply chain services to its upstream and downstream
customers as the core of business. We believe Hongyuan Holdings'
solid financial strength and good credit, together with Hongyuan
Supply Chain's strong logistics network channels and resources
will provide Dehaier an excellent
opportunity to increase its distribution capabilities efficiently.
Meanwhile, Hongyuan Supply Chain will rely on its strong logistics
network channels and resources, in close cooperation with Dehaier,
to open its business area of intelligent medical products business
and create a diversified supply chain business system. "
About Dehaier Medical Systems Ltd.
Dehaier is specialized in the development, marketing and sale of
medical products, including medical devices and wearable sleep
respiratory products in China and
international markets. The company develops and assembles its
self-branded medical devices and sleep respiratory products from
third-party components. Dehaier Medical's technology is based on
six patents and eleven software copyrights. More information may be
found at http://www.dehaier.com.cn.
About Hongyuan Supply Chain Management Co., Ltd.
Hongyuan Supply Chain Management Co., Ltd. was founded in 2015,
one of Hongyuan Group's subsidiaries. Founded in 2001, Hongyuan
Group is a diversified industrial enterprise group which covers
logistics, real estate, integrated cross-border trade and services,
supply chain management and asset management. With import and
export trade, domestic trade, transshipment trade and other
full-service processing capability, the main business of Hongyuan
Supply Chain are petrochemical, coal, automobile, non-ferrous
metals and other commodities supply chain management. Relying on a
solid financial strength, professional management system and
personnel, Hongyuan Supply Chain is moving into first-class
commodities distribution sector, committed to create an integrated
management platform which sets trade, investment and information
services in one.
For more information, please contact:
Dehaier Medical Systems Limited
Mary Li
+(86) 10-5166-0080 ext. 211
investors@dehaier.com.cn
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SOURCE Dehaier Medical Systems Ltd.