ScripsAmerica Moves to Distribute Its RapiMed(R) Products Throughout China

NEW CASTLE, Del., June 3, 2013 (GLOBE NEWSWIRE) — ScripsAmerica, Inc. (SCRC), a supplier of prescription and OTC drugs, today announced that the Company has begun discussions with Forbes Investment Ltd. to market, supply, distribute and adapt its RapiMed(R) products throughout China. According to Kline and Company, the Chinese OTC market is valued at over $32 Billion Dollars.

Jun Liang, Manager of Forbes Ltd. in Shenzhen, China, is arranging for ScripsAmerica to meet with its pharmacy and hospital buying networks as part of an upcoming sales agreement that would introduce RapiMed(R) into the Chinese OTC drug market. Liang said, “ScripsAmerica’s RapiMed Products are uniquely formulated to meet China’s market needs. It allows the country’s pharmaceutical companies, hospitals, nursing facilities, research institutes and the military to adapt RapiMed to fit their situations.”

According to Liang, “With children making up over 17% of China’s nearly 1.5 Billion population, RapiMed for children will be a target market of the Company’s initial sales penetration. With the tablets ease to administer without the need for water, simple packaging for retail sales, precise dosing, and bulk distribution, it has spurred the interest beyond the children’s market. Forbes believes that the Company’s product technology can be adapted for medications ranging from pain to diabetes.”

Liang added, “In addition to our pharmacy and hospital buying outlets, we are very excited about two specific markets with enormous sales potential for ScripsAmerica’s technology; One is adapting RapiMed to meet the immediate needs of those retailing and distributing Erectile Dysfunction products because China represents the largest ED market in the world. One in three Chinese men displays some symptoms of ED. This translates into almost one hundred million men and the perfect opportunity for the ‘Quickmelt’ technology of RapiMed to gain acceptance throughout this vast country.”

“The second market we are very excited about is developing sales to the military. The government announced in April that there are 1,483,000 PRC military personnel divided into 18 different corps. We believe that the technology of RapiMed has great potential for deployed personnel in normal and difficult field situations,” continued Liang.

Formal sales and marketing negotiations will begin in June, followed by the exchange of technology protection agreements and delivery schedules between Forbes and ScripsAmerica. Forbes expects the formal exchange of agreements to be concluded before the end of September.

About ScripsAmerica, Inc.

ScripsAmerica, Inc. delivers pharmaceutical products to a wide range of end users across the health care industry through the largest pharmaceutical distributor in North America, McKesson Corporation. End users include retail pharmacies, hospitals, long-term care facilities and government and home care agencies.

Safe Harbor Statement

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:
888-959-7095

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14-year-old worker found dead at possible Asus supplier in China

A 14-year-old worker has been found dead after working at an electronics factory in China that may make products for Asus, another potential case of underage labor abuse in the country.

Liu Fuzong died on May 21 while employed at a factory in Dongguan, said the city’s local human resources office in an email on Thursday. Liu’s body had turned cold when discovered by a co-worker in his dorm, and was later pronounced dead at a hospital. Authorities have yet to elaborate on the cause of death.

The factory, which is listed as a facility from Taiwanese electronics supplier 3CEMS, builds products for PC maker Asus, according to New York-based China Labor Watch, which has been investigating the incident.

Chinese labor laws forbid factories from employing workers younger than 16. Liu, however, was sent to the factory through a third-party labor dispatch company that used the identification of an older worker to register his employment, according to the city’s local human resources office.

Authorities have been unable to find the labor dispatch company, but the city has already punished the factory for employing underage labor in this case.

An Asus product manager said on Friday via email that the company holds the highest ethical standards and has sent representatives to investigate. She didn’t confirm or deny that the factory in question builds products for Asus.

On its website, 3CEMS lists other technology vendors as clients, including Samsung, Hewlett-Packard, Dell, Sony and Sharp. China Labor Watch said that this particular 3CEMS factory builds products for Asus, based on its interviews with workers there.

IDG News Service called the 3CEMS factory in Dongguan several times, but those answering the phone declined to respond to questions. A 3CEMS representative in the U.S. said on Thursday he was unaware of the worker’s death.

China Labor Watch said workers at the factory log 12 hours shifts each day. Student workers interviewed at the facility include some under the age of 16, according to group.

“Workers say [Liu] the child died of exhaustion,” said Li Qiang, China Labor Watch’s founder in an email. “Every day there is overtime, adults can’t even take it, so how can children?”

The use of underage labor is a common problem at Chinese electronics factories. Earlier this year, Apple said it severed ties with one of its Chinese suppliers after finding that it had employed workers under the age of 16.

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Yahoo is on a shopping spree, but should it do the Hulu?

Topics:  david glance, hulu, the conversation, tumblr, yahoo

IN LESS time than it takes for the average teenager to get bored, Yahoo has put its acquisition of blogging site Tumblr behind it and moved onto its next potential target, Hulu. A couple of years ago, when it was considering whether to become a listed company, Hulu was valued between US$1-2 billion. Yahoo’s rumoured bid, which lies somewhere between US$600 million to US$800 million, falls well short of that.

Hulu is not that well-known outside of the US as the content it streams has been locked to that country and its territories. Currently owned by News Corp and Walt Disney Co, it allows the streaming of TV shows, movies and “webisodes”, with much of its content showing its age. The free version is ad-supported with a premium version that makes Hulu available on mobile platforms. Its advertising and three million subscribers to Hulu Plus brought Hulu US$700 million in revenue in 2012, although Hulu has not disclosed its profits – if any.

It is easy to see this potential move by Yahoo as an attempt to cash in on a growing trend away from traditional TV and cable towards internet-based services, which are being increasingly viewed over computer and mobile devices. While the trend may be true, “regular” broadcast and cable TV is still by far the dominant way in which most people in the US at least view shows and movies in their homes. There are nearly 115 million households in the US with TV sets and only five million that qualify as not having a traditional TV (either free-to-air or cable). People are mostly supplementing their regular TV viewing with the use of other platforms. This trend is likely to continue for some time.

As part of the video streaming market, Hulu faces possibly insurmountable competition from Google’s YouTube and services from Amazon, Netflix and Apple, among many others. A recent estimate claimed that 33% of all peak internet traffic in the US is due to people streaming Netflix content; this compares with only 1.4% for Hulu and 1.8% for Amazon.

The other challenge that Yahoo could face if taking over Hulu is whether any content deals that it had negotiated with its current owners would continue, or at least continue under the same terms. Even if Yahoo used Hulu to create more original content, in the same way that Amazon and Netflix are doing, they would still need to continue to provide the same volume of content to drive ads for the day-to-day revenue.

Couple these challenges with the need to invest large amounts of money needed to expand Hulu outside of the US and the buying price of even $600 million starts looking less attractive. Indeed, the rumoured bid for Hulu from the Chernin Group was only $500 million.

It is difficult to see the sense in this acquisition from Yahoo’s perspective. They are in the midst of a move to refocusing themselves as a company and have just started on the task of assimilating Tumblr into their new structure. Taking a business that is not exactly effusing potential and trying to turn it around would seem like a forlorn wish at best. The puzzling thing about Yahoo’s interest in Hulu is trying to spot what aspect makes the acquisition a deal worth doing.

Another possibility is that this offer is not serious and isn’t actually intended to be a winning bid. If Yahoo really wanted Hulu, it could have “made an offer they couldn’t refuse”. What Yahoo may be doing is just using the opportunity to learn more about both Hulu and the market in general. It may be more serious for Hulu though, as time may be running out. Their CEO Jason Kilar, is on his way out – and Hulu’s owners may have decided that they too have had enough.

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Standout: Sri Panwa, an elegant hideaway in Phuket, is a favourite of celebrities and anyone else with a taste for luxury.

Standout: Sri Panwa, an elegant hideaway in Phuket, is a favourite of celebrities and anyone else with a taste for luxury.

At this luxury resort you can sleep in the same beds as the stars (after they’re gone, of course), writes Kristie Kellahan.

It’s been described as the very best of the best luxury resorts in all of Thailand. A sunny destination on the south-eastern tip of Phuket where members of the revered Thai royal family sip Appletinis at the sky-high rooftop bar alongside glittery stars of the pop culture world.

In the four years since Sri Panwa’s resort became fully operational (there are also 25 spacious private residences on site), Rita Ora and her entourage have filmed a video clip here, Gordon Ramsay has feasted on nosh from the state-of-the-art kitchens, Flo Rida has suggested a music playlist and Snoop Lion has chilled in a villa back when he was still a Dogg.

The big names of Western stage and screen pale into insignificance, though, compared with the megastars of the East who drop in from Bangkok, Hong Kong, Tokyo and Singapore for a glamorous weekend shielded from prying eyes.

On this sunny day there’s a gaggle of near-hysterical Korean fans waiting at the foot of the steep pebbled-driveway entrance to Sri Panwa, trying in vain to get past the smiling security guards. It turns out the searing-hot “It” couple of Korean film is in residence, although the discreet front desk staff won’t name names, beyond confirming that they are famous with a capital, underlined F.

“Famous like Tom Cruise?” I ask.

“Oh, much bigger. More like Brad and Angelina.”

So what is it that draws in the AAA-list? Pampered and indulged, they can go anywhere, stay anywhere and barely blink at pool villa nightly rates that can run well into four digits. They want the height of luxury and the very best facilities and amenities, that goes without saying. Multimillion-dollar, 360-degree water views? Tick. A day spa as spacious as the entirety of most other resorts, where they can slough off the cares of yesterday with an organic coconut scrub? Of course. Anything less than pool villas secluded in absolute privacy? Don’t waste their time.

What stands Sri Panwa apart from the hoi polloi of glamorous, luxurious island resorts is the sense of relaxed fun and elegant — never obsequious — service that anticipates every need of the guests, whether they rate a mention on the online global influence radar, Klout, or not.

The hotel owner and general manager, Vorasit “Wan” Issara, is the baby-faced 32-year-old son of a prominent Thai family that made its fortune in property. A guest whispers to me that they “basically own Bangkok”, although you’d never guess from the unaffected charm and eager-to-please friendliness of Issara. He brings his dog to work, deliberates over the menu in each of the resort’s restaurants and adds fun touches such as free minibars stocked with Icy Poles, as well as the expected beer, soft drink and chips.

Issara encourages a happy work environment for the staff — they drive around the grounds in tricked-out tuk-tuks and wear uniforms of Superman-motif T-shirts and shorts in the steamy Phuket humidity.

As Issara and his team press another slice of tiger prawn tom yum goong pizza onto your plate or replace your lemongrass cocktail before the ice melts in the first, it’s not hard to imagine you’re at the most upscale summer camp in the world being led in cheerful pursuits by the most good-looking, indulgent camp counsellors to be found.

Envisioned originally as an oasis of private residences spread over 16 hectares of lush Phuket rainforest meeting the Andaman Sea, the Sri Panwa plan was expanded to include 52 hotel villas. (There are two private holiday residences still for sale: starting price, $5 million.)

Next came the pool club, a cooking school, the Cool Spa, fitness centre and an amphitheatre in the forest that regularly hosts concerts and special events: perfect for those seeking privacy for weddings or other celebrations. A range of restaurant concept spaces opened to cater for everything from gala events to casual bites.

The spectacular hero of Sri Panwa is Baba Nest, a rooftop bar with 360-degree views of the Andaman Sea and arguably the best sunset vista in Phuket (the bar is open daily from 5pm). Comfy, oversize beanbags dot the wooden decking of what has been named one of the top three beach bars in the world.

The sound of champagne corks popping is challenged only by the clicks of an orchard of Apple iPhones and iPads committing the view to digital eternity.

It’s difficult to take a bad photo at Sri Panwa, although the private beach is not the greatest in Phuket. Rocky and subject to the whims of the tides, it does not compete with the white sands and bathtime ebbs of popular Surin Beach.

Some swim from the floating pier that was built as the launch and departure point for longtail boat rides to the outer islands, while those who can drag themselves away from the resort take day trips to secluded snorkelling spots.

Truly private as the infinity pool villas are, they practically beg for clothing-optional swimming and sunning. One member of the group I was travelling with shyly disclosed her late-afternoon nudie dip over communal breakfast next morning in Baba Poolclub, only to be laughingly reassured that everyone else had done exactly the same thing.

Even the star guests have commented to staff how free they felt within the walls of the private, gated villas. If only those walls could talk.

Kristie Kellahan was a guest of Sri Panwa and Jumpee Travel.

Three more celeb-worthy resorts in Phuket

1 Twinpalms Phuket Resort (twinpalms-phuket.com), a favourite with the Euro jetset for its glam, contemporary spa and location across the road from Catch Beach Club. Gents, pack your white trousers and black Amex; ladies, be seen in an itsy bitsy bikini or not at all.

2 Foto Hotel (fotohotelphuket.com, under construction) is one of the newest hotels on the island. Designed with the fashion crowd in mind, and a photography theme throughout, the hotel serves up snap-worthy view after snap-worthy view.

3 Banyan Tree Phuket (banyantree.com) holds court as the shining star of the sophisticated spa and wellness crowd, counting a roll call of Oscar winners as returning guests.

Trip notes

Getting there

Thai Airways flies 11 times a week from Sydney to Bangkok with daily connections to Phuket. 1300 651 960, thaiairways.com.au.

Staying there

Sri Panwa is a luxurious island resort sprawled over 16 hectares of rainforest. The resort is perched on top of Cape Panwa, affording the private pool villas and Baba Nest bar sweeping sea views.

One-bedroom pool suites start from $500 a night and one-bedroom pool villas from $800.

More information

sripanwa.com.

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