Aug 26 2010
China-Biotics, Inc. ("China-Biotics," the "Company") (Nasdaq: CHBT), a leading developer, manufacturer and distributor of probiotics products in China, today announced that the Company is ranked 62nd on FORTUNE's 2010 "Fastest-Growing Companies" list.
FORTUNE'S 100 Fastest-Growing Companies list includes foreign and domestic companies traded on a major U.S. stock exchange with annual revenue and net income of at least $50 million and $10 million, respectively, a market capitalization over $250 million, and significant revenue and earnings growth over recent quarters, among other criteria.
Mr. Jinan Song, Chairman and Chief Executive Officer of China-Biotics, commented, "We are honored to have been distinguished by FORTUNE as one of this year's 100 Fastest-Growing Companies. The long-term growth prospect of our business model is gaining traction within the global professional investment community. In a recent speech, Minister of Health of China, Mr. Zhu Chen, emphasized the need to minimize the excessive reliance on antibiotics. The government has endorsed the use of probiotics as an alternative. We believe probiotics present a viable long-term solution to address the antibiotics overuse while simultaneously improving the Chinese people's overall health level."
The related stories appear in the September 6, 2010 issue of FORTUNE, available on newsstands on Monday, August 23rd or through the internet at: http://money.cnn.com/magazines/fortune/fortunefastestgrowing/2010/full_list/
Gut-friendly psychobiotics could brighten moods and fight depression