Sunnylife Receives a Firm Investment Commitment to Finance Its First Hospital Permit With an Estimated Potential Annual Revenue
03 February 2006 - 12:30AM
PR Newswire (US)
LOS ANGELES, Feb. 2 /PRNewswire-FirstCall/ -- Sunnylife Global,
Inc. (OTC:SNYL) announced today it has accepted a firm capital
commitment from a group of private investors to finance the permit
costs involved for one of its eight hospitals. This involves the
326-bed existing profitable hospital located in Xiang Tan, Hunan
which is a city with a population of 28 million in the Hunan
province where the population is 64.3 million. "We are very pleased
with this financing commitment for $2,000,000 which will be in the
form of an equity investment in Sunnylife and also allow Sunnylife
to activate its pre-paid health-care, maintenance membership
contract with the Central and Provincial Government of Inner
Mongolia. It will further prove up the value of our other existing
seven hospital contracts plus the contracts currently in discussion
in a number of other Chinese provinces," says Richard Lo,
Sunnylife's President. The commitment will fund on March 15, 2006.
About Sunnylife Global, Inc. Sunnylife Global, Inc. has developed a
Health Care Management System (HCMS) in conjunction with the
Chinese Government Authorities that will result in delivering
superior quality health care management to its members. The Company
is in multiple joint-venture agreements with the World Friendship
Hospital Group to renovate and revitalize China's older hospital
facilities in order to meet the current International standard.
Sunnylife has developed the HCMS to meet that standard and is
planning to launch in the very near future. In addition, the
Company has patented natural, environmentally safe and economically
affordable products which it plans to introduce to Chinese
customers through seven different joint venture companies in China.
Sunnylife represents an organization staffed with professional
experts in product research, quality acceptance testing, and market
development for service to China and the global markets. For more
information, please visit http://www.sunnylifeglobal.com/. 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: Investor
Relations Fran Daniels, President Financial Sciences of America
(310) 278-4413 DATASOURCE: Sunnylife Global, Inc. CONTACT: Investor
Relations, Fran Daniels, President of Financial Sciences of
America, +1-310-278-4413, Web site: http://www.sunnylifeglobal.com/
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