GUANGZHOU, China, April 15 /PRNewswire-Asia/ -- China Logistics, Inc. (OTC Bulletin Board: CLGZ), a China-based logistic company serving leading global transnational corporations, today announced it has fulfilled a contract with NCS PTE, Ltd. to purchase IBM servers valued at $3.4 million.
China Logistics, which serves as the import agent for NCS (Suzhou), Ltd., purchased the IBM servers from NCS PTE, Ltd., on behalf of NCS (Suzhou), to facilitate and expedite the transaction. The contract was completed, and will be recorded, in the first quarter of 2010.
China Logistics President and Chief Executive Officer Wanwen Su, commented, "This transaction we concluded for NCS is an excellent example of the type of services we provide our clients to facilitate and expedite their transnational business affairs and enable them to reach greater levels of commercial success. We appreciate the confidence of NCS and, going forward, intend to continue to increase the volume, size and scope of these and similar transactions for our growing number of clients as China Logistics builds its business."
The NCS transaction exemplifies just one of the many services China Logistics provides its transnational clients. This particular service includes facilitating the purchase and import/export of commodities and finished goods to manage provincial, regional and national customs and regulations, foreign exchange, value-added tax issues, import & export trading rights and, if needed, to balance the account among several China districts. The Company also provides full transportation, distribution and storage services as well. The net benefit to the client is a substantial improvement in supply chain management, while minimizing costs, producing a solid increase in operational efficiency.
NCS (Suzhou) Ltd. is subsidiary of Singapore NCS Group in China. NCS is a provider of a holistic range of IT and communications engineering solutions. Its presence stretches to sixteen locations in eleven countries and territories across the Asia Pacific and Middle East regions. NCS' customers comprise both public and private sector companies including numerous leaders in the various industry sectors from around the Asia Pacific region.
About China Logistics
China Logistics, Inc. is a China-based company that provides a full suite of logistical, import/export and end-to-end supply management services to global transnational corporations. The Company's growing client list includes Rolls-Royce, Mercedes-Benz, Peugeot, BMW and Nissan Automobile Accessories; IBM, McDonalds (China coop partner), Unilever, Proctor and Gamble, LG Chem and Zara Clothing Company.
China Logistics comprehensive services cover transportation management including logistical planning, import and export management, electronic customs declaration systems, supply chain planning, product distribution and warehousing. For more information, visit our website at: http://en.ckwl.cn/ .
Safe Harbor Statement
This press release contains certain statements that may include "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," "anticipate," "optimistic," "intend," "will" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with and available from the Securities and Exchange Commission. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
For further information, please contact:
China Logistics, Inc.
John Shaw
Consultant
Tel: +1-310-403-0381
Email: info@ckwl.cn
