LOS ANGELES, Feb. 8, 2007 (PRIME NEWSWIRE) -- Sunnylife Global, Inc. (Pink Sheets:SNYL) announced today it will present the Company at the RedChip "Discovering Tomorrow's Blue Chips Today" Small-Cap Investor Conference in Phoenix on Monday, February 12th.
On January 18, 2007, RedChip released an updated research report with a "Strong Buy" rating and a target price of $2.14. The report was issued by Dr. Jason Chen, RedChip Director of Research, wherein Dr. Chen confirmed that he had reviewed and verified the different contracts between Sunnylife Global and the Chinese governments.
In his report, Dr. Chen states: "Sunnylife has an excellent relationship with the Chinese government and has funded a partnership with the government to manage and own hospitals and build senior living facilities. Sunnylife's initial goal is to establish and license a hospital in each province. Once established in a province, Sunnylife can establish more hospitals and fund the new hospitals from the earnings generated by the existing ones. The major cost Sunnylife incurs is getting licensed and approved in new provinces." Sunnylife's first hospital was turned over by the government in May of 2006.
Commenting on projections of earnings in 2007, Dr. Chen said: "Based on a P/E of 20 Sunnylife stock would trade at $2.14, which is our new target price."
About Sunnylife Global
Sunnylife Global, Inc. has developed a Health Management System (HMS) in conjunction with the Chinese Government Authorities that will result in delivering superior quality health care management to its members. The Company is in multiple joint-venture agreements with hospitals that comprise the World Friendship Hospital Group for Sunnylife to renovate and revitalize China's older hospital facilities in order to meet the current International standard. Sunnylife has developed the HMS to meet that standard and is planning to launch in the very near future. In addition, the Company has patented natural, environmentally safe and economically affordable products which it plans to introduce to Chinese customers through seven independent retail chains in China in China. Sunnylife represents an organization staffed with professional experts in product research, quality acceptance testing, and market development for service to China and the global markets.