GLOBAL PHARMATECH RECEIVED $5,000,000IN A PRIVATE PLACEMENT

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Global Pharmatech, Inc., a company develops, manufactures and markets proprietary drugs and nutritional supplements that are based on modernized Chinese medicine and bio-pharmacy, announced that, on April 28, 2006, it has completed the sale of 5,000,000 shares of the company's common stock to Mr. Z.Y. Zhang, a single, non-U.S. and unaffiliated investor for gross proceeds of $5 million.

PR Newswire (http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/05-18-2006/0004364466&EDATE=)