ZHEJIANG, China, May 30 /Xinhua-PRNewswire/ -- China 3C Group (OTC Bulletin Board: CHCG), a leading retailer and distributor of consumer and business products in China, announced that the Company has entered into an agreement with Shuimu Huali, a well-known laptop computer retailer with a retail presence in the Eastern China region. China 3C will supply seven brands and forty seven models of mobile phones as well as digital products that include cameras, MP3 and MP4 players in all twenty one of Shuimu’s retail locations. Shuimu is entitled to four percent of the gross sales for each unit sold.
Based in Shanghai, Shuimu Huali currently has twenty one retail locations in which it is currently selling nine different brands and over forty models of laptop computers. All of its stores are concentrated in China’s affluent east region.
Mr. Wang Zhenggang, CEO of China 3C said, “We are pleased to enter into this agreement with Shuimu, particularly given the large number of phones and digital products we will be providing to this retailer. This announcement marks the first time we are cooperating with a computer retail chain, which will allow us to closely examine this market as well as provide us with a compelling low cost sales opportunity.”
Mr. Zhang Weizhong, CEO of Shuimu Huali commented, “We are delighted to reach this agreement with China 3C. Our cooperation can greatly enrich the product line within our stores and increase our sales opportunities. We are optimistic that 3C’s strong sales platform and great selection of mobile phones and digital products can result in increased overall sales within our stores.”
About China 3C
China 3C is a leading wholesale distributor and retailer operating over 900 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.
