This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

China Jo-Jo Drugstores Announces Opening Of New Store Locations

China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) ("Jo-Jo Drugstores" or the "Company"), which operates a retail pharmacy chain in Zhejiang Province, today announced additional store openings in Hangzhou, increasing Jo-Jo Drugstores’ total store count to 45 locations. Four additional locations are planned to be opened by October 2010.

“We are continuing to execute on our plan to have 60 locations in Zhejiang Province by March 2011,” stated Dr. Lei Liu, Chairman and CEO of Jo-Jo Drugstores. “The opening of these stores continues to strengthen our market position.”

Since March 31, 2010, the Company has opened 20 store locations in Zhejiang Province, including 3 acquired from existing drugstore operators and 17 opened directly by the Company bringing the total to 45 locations. Of these 20 stores, 17 are located in and around Hangzhou where the Company is based, and 3 are in Quzhou, a city in southwestern Zhejiang Province with a population of 2.4 million.

Four locations are scheduled to open in Hangzhou between September 2010 and October 2010. Including the stores scheduled to be opened, the average square foot size for the 49 locations will be approximately 255 square meters or approximately 2,745 square feet. The Company now has over 550,000 members enrolled in its loyalty program and averages approximately 10,000 customers per day throughout its store locations.

These additions signal the Company’s continuing commitment to provide access to quality prescription drugs, over-the-counter drugs, traditional Chinese medicine products, and personal care products at the lowest overall prices. The Company also provides access to licensed physicians providing customer consultations. Strategically focused in Zhejiang Province, the Company has organically grown from 1 location in 2003 to 45 locations as of September 9, 2010.

About China Jo-Jo Drugstores, Inc.

Jo-Jo Drugstores, through its contractually controlled affiliates Hangzhou Jiuzhou Grand Pharmacy Chain Co., Ltd., Hangzhou Jiuzhou Clinic of Integrated Traditional and Western Medicine General Partnership, and Hangzhou Jiuzhou Medical & Public Health Service Co., Ltd., operates a retail pharmacy chain in China offering both western and traditional Chinese medicine. The chain currently has 45 stores throughout Zhejiang Province.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
CJJD $3.52 -2.20%
AAPL $124.03 -1.40%
FB $77.77 0.27%
GOOG $524.29 -1.20%
TSLA $229.82 -1.30%

Markets

DOW 17,796.98 -131.22 -0.73%
S&P 500 2,074.15 -15.31 -0.73%
NASDAQ 4,902.8020 -36.5250 -0.74%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs