PGCN Lands Huge Distribution Contract!
PGCN has climbed from .31 two weeks ago and today it has climbed to .59 and we believe this will go to $1.25 to $1.50 following the release of this contract.
Harbin Pingchuan Pharmaceutical: PGCN Last Trade: $0.59 Shares Outstanding: 20 Million Market Capitalization: $6 Million Short Term Target: $1.25 to $1.50 12month Target: $6.00 - $6.50 Indicator: Strong Buy
We told you to keep your eye on PGCN 2 weeks ago and now it has doubled since then. Members who got in really pulled in the cash and started 2006 right. However we have not seen it all yet. With this new contract and a pending news release early next week we believe PGCN will continue to rise over the next few trading days.
Read the news below and get in on PGCN before it doubles again.
HARBIN, China, /Xinhua-PRNewswire-FirstCall/ -- Harbin Ping chuan Pharmaceutical Holding Co. Ltd. (OTC Bulletin Board: PGCN - News; "PINGCHUAN") announced that PING CHUAN signed a Purchase Agreement with the Guangdong Medicine Group Co. Ltd. ("GDMG").
Under the terms of the agreement, PINGCHUAN will authorize GDMG as its franchisee in five southern provinces of China. With respect to the authorization, GDMG intends to purchase approximately US$2.00million worth of PINGCHUAN's pharmaceutical products. By cooperating with GDMG, PINGCHUAN will greatly enhance the marketing network and sales channels in Southern China.
We have already seen some amazing comebacks in the market this week. We believe this is the next one. Get on it first thing Friday morning and then watch the stock and your bank account keep growing.