- News Alert - (OTCBB: FCPG): First China has announced they held a series of meetings with their employees aimed at reviewing recent events.

M2 PRESSWIRE-February 28, 2011-OTC Market Wire: - News Alert - (OTCBB: FCPG): First China has announced they held a series of meetings with their employees aimed at reviewing recent events.(C)1994-2011 M2 COMMUNICATIONS

RDATE:28022011

Subscribe to receive FREE alerts from http://www.PennyStockCircle.com

To feature your publicly traded company in our alerts, email us at mail@pennystockcircle.com

OTCBB: FCPG

First China has announced they held a series of meetings with their employees aimed at reviewing recent events.

- - February 28, 2011 - - (OTC.BB:FCPG - News) ("First China" or the "Company"), a rapidly growing pharmaceutical distribution company headquartered in Yunnan, China, is pleased to announce that the Company recently brought together all key managers and employees for a day long series of meetings aimed at reviewing recent events and to put forward and discuss plans for the last quarter of fiscal 2010 (ending March 31, 2011) and fiscal 2011 (ending March 31, 2012).

During the meetings it was clearly identified that the Company intends to capitalize on its recent achievements in order to secure additional funding. Management has projected that capital investment will permit the Company to rapidly increase its product line from the existing threshold of 5,000 products to over 30,000 items. This increase, management believes, combined with infrastructural investments and increases in marketing and advertising could result in $50 million in sales from its XYT subsidiary alone in the next 12 months, with potentially $100 million in sales projected over 24 months.

Perhaps most importantly, the Company believes that real growth will come as a result of its ability to close timely acquisition agreements allowing for the widespread national proliferation and replication of First China's business model throughout China. Many of the acquisitions targeted boast sales in the range of US$10 million to US$40 million. Management believes that if the Company successfully completes some of these acquisitions, it could lead to an additional US$25-75 million in sales within 12 months of their respective closings.

In a summary of achievements, it was noted that in the short period since the Company acquired Kun Ming Xin Yuan Tang Pharmacies Co., Ltd. (XYT) last September 15th, First China has rapidly gone on to meet or exceed all its initial goals with the signing of 17 new Hospital distributor agreements, acquire two exclusive drug distributorship agreements, initiate plans for the acquisition of the high profile De Xin Pharmacy with plans to convert it into a flagship retail distribution outlet, launched expansion plans outside Yunnan Province by entering into pending agreements to acquire a strategically located distributor, Shandong Run Kang Pharmaceutical Co. Inc., and set out to expand core facilities and hire new employees to assist sales, logistics and management growth needs.

First China's Chairman and CEO Zhen Jiang Wang comments, "Our meetings were extremely positive and the excitement was palpable. It was clear to everyone that our recent achievements should be perceived against the unexpected and unprecedented Government Health Care reforms instructing institutional health care providers to rapidly move towards agreements with large volume pharmaceutical distributors like First China. Additional initiatives introducing new policies to encourage private funds, including overseas capital, to be channeled into the medical sector have generated extraordinary optimism and opportunities in the sector and Company management extensively discussed participation plans towards developing a leadership role in the growing marketplace."

Details of the company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database.

About FCPG: First China Pharmaceutical Group, Inc. aims to develop a high growth pharmaceutical distribution company generating significant revenue from the sale of healthcare products in China. As part of its business strategy, the Company has acquired the assets of Kun Ming Xin Yuan Tang Pharmacies Co. Ltd. (XYT), which includes a strategic advantage over its competitors as it is believed to be one of a limited number of pharmaceutical distribution companies in Yunnan Province that has obtained government approval to fulfill orders over the internet. First China Pharmaceutical Group plans to continue the rapid growth of the company from its current position as a provider of approximately 5,000 drugs to more than 4,700 pharmacies, hospitals and clinics in China's Yunnan Province. For more information visit: www.firstchinapharma.com

For additional information about FCPG, please visit http://www.PennyStockCircle.com/FCPG

- - - - - - - -

Forward-Looking Statements:

The information contained herein includes forward-looking statements. These statements relate to future events or future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Undue reliance should not be placed on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflect our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward- looking statements if they comply with the requirements of the Act.

- - - - - - - -

About PennyStockCircle.com

Penny Stock Circle disseminates news, press releases, and opinions on stocks with a focus on the penny stock market. We are not licensed brokers or financial consultants. The information here is believed to be reliable, but not guaranteed to be accurate by Penny Stock Circle. Please be advised that the information provided may or may not be complete and is solely for informational purposes only. This is not to be construed as an offer to sell, hold or the solicitation of an offer to buy. Investors are encouraged to seek opinions by their registered brokers or financial advisors after extensive due diligence is performed.

PennyStockCircle email alert service is free service provided on our website. To subscribe to the email alert service, visit the PennyStockCircle.com

To view a complete disclaimer, visit http://www.PennyStockCircle.com/disclaimer.php

For additional information, please contact mail@pennystockcircle.com

((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com)).