|
¡¡
China 3C Group Signs Product Distribution
Agreement
July 29, 2008
China 3C Group (OTC Bulletin Board: CHCG), a leading retailer and
distributor of consumer and business products in China, announced
today that the Company has signed a product distribution agreement
with Juda Group, a well-known manufacturer of consumer electronics
goods in China.
Under this agreement, China 3C will begin selling all of Juda
Group¡¯s consumer electronics products as well as provide after-sales
service support for these products at all China 3C stores located in
the Jiangsu and Zhejiang provinces. Revenues generated from Juda
Group¡¯s products will benefit China 3C¡¯s Sanhe subsidiary.
Juda Group is based in southern China. Its products include DVD
players, high definition DVD players, home theater systems and
stereo equipment. It has been the recipient of multiple prestigious
industry awards related to trustworthy consumer products and ¡°Famous
Chinese brands¡± products. The Company has over 5,000 employees and
operates from a 48,000 square meter facility.
Mr. Zhuang Bingwu, CEO of Juda Group, said, ¡°We are delighted to
establish this relationship with China 3C Group. This agreement
marks our first entry into the eastern China market and we are
honored to align ourselves with a retailer that has significant
distribution capability and a strong ¡®store-in-store¡¯ presence in
the Huadong region.¡±
Mr. Wang Zhenggang, CEO of China 3C, commented, ¡°Our cooperation
with the Juda Group further diversifies our product offering and
provides greater options to our basic customers. We are also pleased
that this agreement provides after-sales service support, which is a
new initiative that can strengthen our manufacturing relationships
and develop additional higher margin revenue opportunities for our
business.¡±
About China 3C
China 3C is a leading wholesale distributor and retailer operating
over 1000 retail outlets in Eastern China. The Company specializes
in selling 3C products which include: cell phones and accessories,
fax machines and printers, consumer electronics, computer and
computer-related products and small home appliances. Among China
3C¡¯s primary attributes is its efficient distribution network and
rapid logistics system. For more information, visit
http://www.china3cgroup.com .
Forward-looking Statements
Certain of the statements set forth in this press release constitute
"Forward looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. We have included and from
time to time may make in our public filings, press releases or other
public statements, certain forward-looking statements. In some cases
these statements are identifiable through the use of words such as
"anticipate," "believe," "estimate," "expect," "intend," "plan,"
"project," "target," "can," "could," "may," "should," "will,"
"would" or words or expressions of similar meaning. You are
cautioned not to place undue reliance on these forward- looking
statements. In addition, our management may make forward-looking
statements to analysts, investors, representatives of the media and
others. These forward-looking statements are not historical facts
and represent only our beliefs regarding future events, many of
which, by their nature, are inherently uncertain and beyond our
control. There can be no assurance that such forward-looking
statements will prove to be accurate and China 3C Group undertakes
no obligation to update any forward-looking statements or to
announce revisions to any of the forward-looking statements.
¡¡
¡¡ |
