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May 13, 2010 (FinancialWire) — Virtual Closet, Inc. (OTCBB: VIRZ) said that it has acquired Dong Ke Pharmaceutical, Inc., effective on May 10.

Dong Ke Pharmaceutical identifies, discovers, develops, manufactures and distributes both prescription and over-the counter, including both conventional and Traditional Chinese Medicines, pharmaceutical products for the treatment of common ailments and diseases.

The firm’s current operations involve the manufacture and sale of 38 pharmaceutical products in the form of capsules, tablets, granules, semisolid ointment, powder, ointment, and paste ointment. Its current focus is on varying diseases relating to respiratory system, digestive system, cardio-cerebral vascular system, antineoplastic, bone diseases-modifying antirheumatic, gynecological, and refill nutrition, among others.

Under a share exchange transaction Virtual Closet acquired control of Dong Ke Pharmaceutical, Inc. a Delaware corporation and the parent company of Yangling Slovan Pharmaceuticals Co., Ltd., a wholly foreign-owned enterprise organized under the laws of the People’s Republic of China, which controls Yangling Dongke Maidisen Pharmaceuticals Co. Ltd., a company organized under the laws of the People’s Republic of China, by issuing to all of the Dong Ke Pharmaceutical Shareholders shares of common stock as consideration for all of the outstanding capital stock of Dong Ke Pharmaceutical, Inc.

Dong Ke Pharmaceutical, Inc.’s manufacturing facilities are based in Yangling in Shaanxi Province. For the year ended December 31, 2009, the company’s posted revenue was $18,934,917 and net income as $4,827,608. As at December 31, 2009 shareholders’ equity was $16,849,032 and total assets were $28,532,078.

Nevada-based Virtual Closet is a development stage company whose original plan was to seek business opportunities in the light manufacturing and household appliances industries specializing in the design, manufacture, and sale of automated household storage systems. Its product allowed householders to utilize the wasted storage space in their attics for automatically storing and retrieving midsized household items that would be stored manually in attic and crawl spaces. The company was founded in 2008.

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