RainEarth Inc.'s Disposable Blood Dialysis Machine Included in the List of Beijing Independent & Innovative Products
02 Giugno 2009 - 3:00PM
PR Newswire (US)
BEIJING, June 2 /PRNewswire-Asia/ -- RainEarth Inc. (OTC Bulletin
Board: RNER; "the Company"), which recently changed its name from
Gold Rock Resources Inc., has announced that its contractual
partner in China, Beijing RainEarth Technology Co. Ltd., ("China
RainEarth") has had its disposable blood dialysis included in the
third, and most recent, installment of Beijing Independent &
Innovative Products. In May 2009, Beijing Municipal Science and
Technology Commission (BMSTC) recognized a need to encourage
innovation and development for local companies in Beijing
Zhongguancun, considered the Beijing Silicon Valley of research and
development. BMSTC, together with Municipal Development and Reform
Commission, Municipal Housing, Urban and Rural Development
Committee, Municipal Economic and Information Technology Commission
and Zhongguancun Administration Committee, had announced a list of
products each with its own advanced technology intellectual
property. It is a great honor that China RainEarth's disposable
blood dialysis has been included along with the products of some
other well-known companies such as Lenovo, Beijing Stone, Founder
Technology Group and Beijing SL Pharmaceutical. See the details of
the List and the Circular at
http://www.bjkw.gov.cn/n1143/n1240/n1405/n1901/7569666.html The
program started in 2007, with this list being the third
installment. The program is aimed at encouraging public investment
in products demonstrating technical advances and having their own
intellectual rights in Beijing, especially companies in the Beijing
Silicon Valley. The list of recognized products covers IT,
biomedical, new materials, energy saving, environment protection,
cultural creativeness, etc, all of which are highly innovative and
technically advanced. Recognized products will be placed as high
priorities on the government's purchasing plan. Products included
in the previous two installments have been purchased by the
government for a total amount of roughly USD$ 320 million. "We are
very pleased that China RainEarth's disposable blood dialysis has
been included on this list," said Mr. Zhu, CEO of the Company.
"This will lead to increased business for the company, particularly
with government departments and state owned hospitals." About the
Company: RainEarth Inc. (formerly Gold Rock Resources Inc., the
"Company") was incorporated in the State of Nevada on March 14,
2006. The Company is a developing stage company that initially
engages in the search for mineral deposits or reserves. On March
25, 2009, the Company and Beijing RainEarth Technology Co. Ltd., a
company organized and existing under the laws of the People's
Republic of China, entered into a Business Cooperation Agreement
(the "Agreement") for a term of twenty years. The purpose of the
Agreement is to jointly conduct Hollow Fiber Mambrane Materials'
application and manufacturing business in China (the "Business").
The Company will provide Advice and assistance relating to
development of marketing and consultancy services, particularly as
related to the Business. Beijing RainEarth Technology Co. Ltd. will
give 60% of its revenue after deduction of direct operating costs,
expenses and taxes to the Company in consideration of the Company's
services. Forward-looking statements This press release contains
"forward-looking" statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements other
than statements of historical facts included in this press release
are forward-looking statements. Forward-looking statements involve
risks and uncertainties including, but not limited to, economic and
political factors; developments of the Chinese and North American
markets and changes in regulatory matters; our business strategies
and future plans of operations; the market acceptance and amount of
sales of our products and services; our historical losses; the
competitive environment within the industries in which we compete;
and our ability to raise additional capital, currently needed for
expansion. The Company cautions that forward-looking statements are
subject to certain risks and uncertainties that could cause actual
results to differ materially from those indicated in the
forward-looking statements due to several important factors. For
more information, please contact: RainEarth Inc. Public
Relationship Department Tel: +86-10-6127-1736 DATASOURCE: RainEarth
Inc. CONTACT: RainEarth Inc., Public Relationship Department,
+86-10-6127-1736 Web site:
http://www.bjkw.gov.cn/n1143/n1240/n1405/n1901/7569666.html
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