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» 23/07/2009 [Company watch]
China Aoxing Pharmaceutical Corp. Receives Renewal of GMP Certification for Capsule Dosage Form of Pharmaceutical Products
» 15/03/2010 [Industry news]
Recordati S.p.A And Lee Pharmaceutical Announce Partnership For Zanidip(R) In China
» 26/10/2009 [Finance]
China Growth to Remain Fast in Fourth Quarter, Official Says
» 17/08/2009 [Industry news]
Chindex Posts Profit on Product Sales, Health Services
» 07/05/2010 [Industry news]
Hong Kong: Recall of all products manufactured by Quality Pharmaceutical Lab Ltd
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»16/11/2009 [Industry news]
Stirling reports increase of sales in Mongolia

Australian healthcare company Stirling Products has announced that the sales of the company’s products through its test marketing initiative in Mongolia have continued to steadily grow.

 
Australian healthcare company Stirling Products has announced that the sales of the company’s products through its test marketing initiative in Mongolia have continued to steadily grow. The company has been advised by its Network Marketing partner in Mongolia that total sales for Q2 and Q3 of 2009 were $120,901 and $187,635 with net profit for the respective Quarters being $16,690 and $40,024. The company regards these Mongolian results as highly encouraging as the products are being test marketed in a country with a very limited market of only approximately 2.75 million people. In the US where the Network Marketing industry has around 15 million sales consultants responsible for annual sales of over $30 billion, the company is looking forward to the challenge of its launch of sales operations in conditions that are far more receptive to new products as well as Network Marketing itself. Stirling also views its Network Marketing approach as offering the best possible leverage for its unique botanical products. Network Marketing can provide the Company a rapidly expanding customer base built on referrals without the need to provide for a multi-million advertising budget that would otherwise be required for a North American product launch.

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