QKL Stores Inc. Opens New Hypermarket

2011-01-24 19:53 1044

DAQING, China, Jan. 24, 2011 /PRNewswire-Asia/ -- QKL Stores Inc. (the "Company") (Nasdaq: QKLS), a leading regional supermarket chain in Northeastern China, today announced the opening of a new hypermarket.

The Company's 46th store, situated in Dehui City, Jilin Province, was opened on January 20th, 2011. Dehui City, with a population of approximately one million residents, is known as the 'hometown for beef cattle' in the Jilin Province. The hypermarket is located in the center of the new development district of the city, serving about 200,000 potential Chinese customers. This hypermarket occupies approximately 11,000 sq. meters of gross space.

Mr. Zhuangyi Wang, Chairman and CEO, said, "Dehui City is a growing city in the Northeast China region that can benefit from the varied assortment of quality fresh food and grocery products that are carried within our store locations. We are pleased to open our first store in this location and are encouraged with the schedule of our 2011 store opening plan."

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, hypermarkets and department stores; the company also has its own distribution centers that service its supermarkets. As of the date of this press release, the Company had 46 retail locations for an aggregate total of 250,000 sq. meters of store space. For more information, please access the Company's website at:

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.

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Source: QKL Stores Inc.
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Keywords: Retail Supermarkets