NEW YORK, June 29, 2012 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. reminds investors of the important July 25, 2012 lead plaintiff deadline in the class action the Rosen Law Firm filed on behalf of investors who purchased stock of Tibet Pharmaceuticals, Inc. ("Tibet Pharma.") (OTC:TBET).

If you purchased Tibet Pharma stock anytime after December 28, 2010, visit the Rosen Law Firm's website at http://www.rosenlegal.com to join the class action at no cost or call Phillip Kim, Esq., toll-free, at 866-767-3653; you may also email or pkim@rosenlegal.com for information.

The Complaint asserts violations of the federal securities laws against Tibet Pharma, its present and former officers and directors, and underwriters for issuing inaccurate statements of material fact about the Company's true financial and business condition, which ultimately caused Tibet Pharma's stock to be halted by the NASDAQ and delisted, causing investors to lose nearly their entire investment. The Complaint alleges defendants misrepresented and/or failed to disclose actual material internal control deficiencies the Company was suffering from, which rendered the Company's registration statement and prospectus to be materially false and misleading.

If you wish to serve as lead plaintiff, you must move the Court no later than July 25, 2012. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at pkim@rosenlegal.com. You may also visit the firm's website at http://www.rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

CONTACT: Laurence Rosen, Esq.
         Phillip Kim, Esq.
         The Rosen Law Firm P.A.
         275 Madison Avenue 34th Floor
         New York, New York 10016
         Tel:  (212) 686-1060
         Weekends Tel: (917) 797-4425
         Toll Free: 1-866-767-3653
         Fax: (212) 202-3827
         lrosen@rosenlegal.com
         pkim@rosenlegal.com
         szhang@rosenlegal.com     
         www.rosenlegal.com