Company taking further steps to execute the expansion plan to regions outside of Shanghai
SHANGHAI, China, July 17 /Xinhua-PRNewswire-FirstCall/ -- China Shoe Holdings (OTC Bulletin Board: CHSH) today announced that the Company has signed agency agreements with distributors from three provinces in China for promotion of the Company’s own brands of "Kanggies" and "CCR". The three provinces are Guangdong, Fujian and Jiangxi, occupying the South and Southeast part of China. All three provinces have experienced rapid economical growth in recent years, with population of over 77.8 million, 35.4 million and 42.8 million respectively. The distributors will be setting up distribution channels in their corresponding provinces to market China Shoe’s brands of ladies footwear. The Company will conduct dedicated trainings with these distributors to enhance their executions.
"Apart from the previously announced development plan in the Shanghai region, our marketing strategy will also extend to other provinces via cooperation with local agents. It is anticipated that before the end of year 2009, our distribution channel should cover most of the major cities and provinces in China," commented Mr. GU Xiangzhong, Chairman and CEO of China Shoe Holdings.
About China Shoe Holdings, Inc.
Based in Shanghai, China, China Shoe Holdings manufactures, designs and sells private label and its own branded footwear throughout China and in overseas markets, principally Japan. China Shoe Holdings has its own manufacturing facilities located in China. China Shoe Holdings has built a diversified customer base throughout China and overseas.
Safe Harbor Statement
This release may contain forward-looking statements. These forward-looking statements are neither promises nor guarantees, but involve risks and uncertainties that may cause actual results to differ materially from those in the forward-looking statements. Readers should not place undue reliance on any such forward-looking statements that are based solely on information known as of the date of this release. China Shoe Holdings, Inc. disclaims any obligation to update or revise any such statements to reflect any change in expectations or in events, conditions or circumstances on which any such statements may be based or that may affect the likelihood that actual results will differ from those contained in the forward-looking statement.
