JINJIANG, China, Jan. 10, 2011 /PRNewswire-Asia/ -- China Ceramics Co., Ltd. (Nasdaq: CCCL) ("China Ceramics" or the "Company"), a leading Chinese manufacturer of ceramic tiles used for exterior siding and for interior flooring and design in residential and commercial buildings, today announced that three new distributors have been appointed to serve the Beijing, Yunnan, and Zhejiang regions, respectively and bringing the Company's nationwide distribution network to 40 exclusive distributors.
These three distributors all have an operating history for over 10 years and maintain solid relationships with well-known national and regional property companies. In line with our existing distributors, our newly appointed distributors will renew their contracts on an yearly basis and maintain a security deposit of RMB400,000 with China Ceramics. They will sell exterior ceramic tiles under the Company's brands exclusively.
"We are excited to add three more distributors to service key markets in Beijing, Yunnan and Zhejiang," commented Mr. Jiadong Huang, Chief Executive Officer of China Ceramics. "We believe that our strengthened distribution network is an important step to support our expected growth in 2011 as we expand our production capacity from 42.2 million squared meters today to approximately 78.8 million in 2012."
About China Ceramics Co., Ltd.
China Ceramics Co., Ltd., formerly China Holdings Acquisition Corp., is a leading manufacturer of ceramic tiles in China. The company's ceramic tiles are used for exterior siding, interior flooring, and design in residential and commercial buildings. China Ceramics' products, sold under the "Hengda" or "HD" brand, the "Hengdeli" or "HDL" brand, "TOERTO" and "WULIQIAO" brands, are available in over 2000 styles, colors and sizes combinations and are distributed through a network of exclusive distributors or directly to large property developers. For more information, please visit http://www.cceramics.com .
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include but are not limited to, statements regarding China Ceramics' acquisition strategies, timing of development projects and efforts to achieve business growth, improvement on profit margin and anticipated revenue growth. Actual results may differ materially depending on a number of risk factors including but not limited to, the following: general economic and business conditions, development, shipment and market acceptance of products, additional competition from existing and new competitors, changes in technology or product techniques, and various other factors beyond the Company's control. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risk factors detailed in the Company's reports filed with the Securities and Exchange Commission. China Ceramics undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
Contact Information: |
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China Ceramics Co., Ltd. |
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Edmund Hen, Chief Financial Officer |
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Email: info@cceramics.com |
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CCG Investor Relations Inc. |
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Mr. Ed Job, CFA - Account Manager |
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Phone: +1-646-213-1914 |
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Email: ed.job@ccgir.com |
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Mr. Bryan Blake, Sr. MI Executive |
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Phone : +1-646-833-3416 |
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Email: bryan.blake@ccgir.com |
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