Shineco announces new distribution agreements for over $30M in sales

Shineco announced that its subsidiary, Fuzhou Meida Health Management, has entered into Distribution Agreements for its water-soluble phospholipid concentrate health food beverage with a projected goal of more than $30 million in sales with six distribution companies, for a term of three years. Jennifer Zhan, CEO of Shineco, said, “The Company’s sustained research and development efforts have developed a production process that is expected to open up a potentially vast new market for our health food beverage. We believe that our technologically advanced production process provides a competitive advantage in the marketplace since it achieves a pure physical separation and extraction of the naturally active phospholipids.”