CHENGDU, China: China SHESAYS
Medical Cosmetology Inc., a leading Chinese medical cosmetology service provider, becomes
the first and also the only one US listed Chinese company in cosmetology
industry through a reverse merger transaction dated June 7, 2010.
Substantially all of the Company's operations are now conducted through
its indirectly wholly-owned operating subsidiaries in China, namely Sichuan
SHESAYS Cosmetology Hospital Co., ltd. On June 7, 2010, through a share
issuance and share purchase, Sichuan SHESAYS Cosmetology Hospital Co., ltd.
acquired 95% of the shell company SN Strategies Corp. and merged into the
shell company.
On July 23, 2010, the combined company SN Strategies Corp. changed its
name to China SHESAYS Medical Cosmetology Inc. In connection with the name
change, the Company received a new CUSIP and a new ticker symbol from FINRA.
The ticker symbol was changed from SNGI to CSAY.
"We are very excited to have completed our merger transaction towards US
capital market," said Mr. Yixiang Zhang, Chairman of the Board and Chief
Executive Officer of China SHESAYS Medical Cosmetology Inc. "As a leading
cosmetology hospital chain in China, we are well positioned in the medical
cosmetology industry, one of the fastest growing industries in China. I
believe we can realize our expansion strategy of opening chain cosmetology
hospitals and clinics as well as potential mergers and acquisitions of similar
hospitals in China with the support from US capital market."
About China SHESAYS Medical Cosmetology Inc.
Founded in 2005, China SHESAYS Medical Cosmetology Inc. provides medical
cosmetology service in China. Over the past five years, SHESAYS has become one
of the fastest growing cosmetology hospitals in China and the most well-known
cosmetology hospital chain in Sichuan province, P.R. China. SHESAYS now ranks
top five in the medical cosmetology industry in China. With the support of the
public capital markets and access to capital, the Company believes that it
will execute its expansion strategy to open chain hospitals and clinics as
well as potential merger and acquisition in China, which will result in
improved long-term growth and increased market share
About Mr. Yixiang Zhang
Yixiang Zhang, Chairman of the Board & CEO, graduated from Huaxi Medical
School of Sichuan University with a bachelor's degree majoring in public
health and is a member of Chengdu Youth Federation and tutor of Youth Business
China (YBC). Mr. Zhang has ten years' working experience in the field of
pharmaceutics and medical care. Mr. Zhang is also an expert in enterprise
chain operation and brand management. From 1998 to 2000, Mr. Zhang was the
sales manager and investment manager of the chain drugstores in 999 Group, the
leading enterprise in the field of pharmaceutics in China. In 2001, Mr. Zhang
established his own pharmaceutical and medical devices company. In 2005, he
established Sichuan SHESAYS Cosmetology Hospital Co., ltd. and has been the
CEO and chairman of the board since then.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is
defined in Section 27A of the United States Securities Act of 1933, as amended
and Section 21E of the Securities Exchange Act of 1934, as amended. Statements
in this press release which are not purely historical are forward-looking
statements and include any statements regarding beliefs, plans, expectations
or intentions regarding the future. Such forward-looking statements include,
among other things, completion of definitive agreements with local and
provincial governments, wind farms and utility companies, number of wind
turbine systems ordered, manufactured, delivered and installed, the Company's
future strategic plans, the outlook for the Company's markets and the demand
for its products, estimated sales, the development, costs and results of new
business opportunities. Actual results could differ from those projected in
any forward-looking statements due to numerous factors. Such factors include,
among others, the inherent uncertainties associated with new projects and
development stage companies. These forward-looking statements are made as of
the date of this news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements. Although we
believe that any beliefs, plans, expectations and intentions contained in this
press release are reasonable, there can be no assurance that any such beliefs,
plans, expectations or intentions will prove to be accurate. Investors should
consult all of the information set forth herein and should also refer to the
risk factors disclosure outlined in our annual report on Form 10-K for the
most recent fiscal year, our quarterly reports on Form 10-Q and other periodic
reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE China SHESAYS Medical Cosmetology Inc.