DAQING, China, Aug. 5 /PRNewswire-Asia/ -- QKL Stores Inc. (the "Company") (OTC Bulletin Board: QKLS), a leading regional supermarket chain in Northeast China, today announced that it held a conference on August 1st at the Sofitel Wanda Hotel in Harbin, China for current and prospective suppliers. The conference, titled "Working Towards A Common Goal", was organized to give suppliers a better understanding of QKL’s business initiatives and growth plans for the next several years.
Conference attendees included Mr. Wang Zhuangyi, Chairman and Chief Executive Officer, Mr. Alan Stewart, Chief Operating Officer, Ms. Crystal Chen, Chief Financial Officer from QKL’s executive management team; Mr. Yoke Chin Yap, Managing Director of IGA Asia Pacific Region; Mr. Yuan Zhi Li, Secretary General of Heilongjiang Chain Store & Franchise Association; and more than 120 regional and national suppliers including Colgate-Palmolive, Uni-President (Harbin) and Kraft Foods (China).
Mr. Zhuangyi Wang, Chairman and CEO said, "We envision solid growth in our business in the coming years and want to ensure that suppliers are aware of our growth plans and understand our mutual opportunities in the marketplace. The theme of this one-day event was to advance together for a common future and secure new business together through cooperation. Together with our suppliers, we hope to strengthen the cooperation between national and regional suppliers, establish a well-designed logistics system centered around Harbin and lay out our store opening framework in the Northeast region in the coming years for our suppliers. As part of this effort, we plan to actively enhance our communications and seek cooperation opportunities with manufacturers as well as national and regional suppliers. We aim to build long term strategic supply chains and believe this meeting serves as a starting point to our strategic cooperation with suppliers by deepening our understanding of one another. We are pleased that many suppliers signed cooperation agreements with QKL Stores as a result of this meeting while many others showing their willingness to cooperate."
About QKL Stores Inc.:
Based in DaQing, China, QKL Stores Inc. is a leading regional supermarket chain company operating in Northeast China. QKL Stores sells a broad selection of merchandise, including groceries, fresh food, and non-food items, through its retail supermarkets, hypermarket stores, and department stores; the company also has its own distribution centers that service its supermarkets.
Safe Harbor Statement
Certain statements in this release and other written or oral statements made by or on behalf of the Company are "forward looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management’s expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements within the meaning of these laws. The forward looking statements are subject to a number of risks and uncertainties including market acceptance of the Company’s services and projects and the Company’s continued access to capital and other risks and uncertainties. The actual results the Company achieves may differ materially from those contemplated by any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements.
For more information, please contact:
Company Contact
QKL Stores Inc.
Diana Zhang & Crystal Chen
Tel: +86-45-9460-7626
Web site: http://www.qklstoresinc.com
Investor Relations:
ICR, Inc.
Wei Jung Yang
Tel: +86-10-6599-7968
Bill Zima
Tel: +1-203-682-8200
