Tianyin Pharmaceutical, Co. Announces Cash Dividend to Common Shareholders - Record Date October 30, 2009
October 05 2009 - 8:00AM
PR Newswire (US)
CHENGDU, China, Oct. 5 /PRNewswire-Asia-FirstCall/ -- Tianyin
Pharmaceutical Co. Inc. (NYSE Amex: TPI), a developer, manufacturer
and supplier of modernized traditional Chinese medicine ("TCM") and
generic pharmaceuticals in China, today declared a quarterly cash
dividend to be paid to its common stock shareholders. The dividend
of $0.025 will be paid to shareholders of record as of October 30,
2009, with the actual distribution occurring on or about December
10, 2009. In addition, Tianyin is now eligible to become an S-3
filer which is reserved for companies on a listed exchange that
have filed all required reports on a timely basis during the past
twelve months. This allows automatic updating of disclosure
requirements with the 10-K or 10-Q filings and significantly
reduces the costs and resource burdens on the company associated
with filing post-effective amendments to the registration
statement. Dr. Jiang Guoqing, Tianyin's Chairman and Chief
Executive Officer, commented, "We appreciate the continued support
of our shareholders and believe that our strategy of providing a
current return and potential capital appreciation resonates well
with investors who are looking for growth and income. In addition,
this S-3 eligibility will save the company money and resources to
meet its filing requirements." About Tianyin Pharmaceuticals
Tianyin is a manufacturer and supplier of modernized Traditional
Chinese Medicine ("TCM") in China. It was established in 1994 and
acquired by the current management team in August 2003. It has a
comprehensive product portfolio of 39 products, 22 of which are
listed in the highly selective National Medicine Catalog of the
National Medical Insurance program. Tianyin owns and operates two
GMP manufacturing facilities and an R&D platform supported by
leading Chinese academic institutions. The Company has a pipeline
of 17 pharmaceutical products pending approval. Tianyin has an
extensive nationwide distribution network throughout China with a
sales force of 720 salespeople. Tianyin is headquartered in
Chengdu, Sichuan Province with two manufacturing facilities and a
total of 1,365 employees. For more information about Tianyin,
please visit http://www.tianyinpharma.com/. Safe Harbor Statement
The Statements which are not historical facts during the
presentation are forward-looking statements that involve certain
risks and uncertainties including but not limited to risks
associated with the uncertainty of future financial results,
additional financing requirements, development of new products,
government approval processes, the impact of competitive products
or pricing, technological changes, the effect of economic
conditions and other uncertainties detailed in the Company's
filings with the Securities and Exchange Commission. For more
information, please contact: For the Company: Allen Tang, Ph.D.,
MBA, Assistant to the CEO in China Tel: +86-158-2122-5642 Email:
Investors: Mr. Matthew Hayden, HC International Tel:
+1-561-245-5155 Email: Web: http://www.hcinternational.net/
DATASOURCE: Tianyin Pharmaceutical Co. Inc. CONTACT: Allen Tang,
Ph.D., MBA, Assistant to the CEO in China, Tianyin Pharmaceutical
Co. Inc., +86-158-2122-5642, ; or Investors: Mr. Matthew Hayden of
HC International, +1-561-245-5155, Web site:
http://www.tianyinpharma.com/
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