YIWU, China, Dec. 6, 2016 /PRNewswire / -- Yosen Group, Inc. (stock symbol: YOSN) ("Yosen", or "the Company") announced that the Company has recently signed a distribution agreement (the "Agreement") with Yonca Gida ("Yonca"), an established Turkey based edible oil and canned food products manufacturing company. Yonca has its own manufacturing facility to process annually 2,500,000 tons of edible oil with 10 assembly lines and the capacity for shipping 1000 containers per month. Yonca owns and operates its independent famous brands in sunflower seed oil, canola oil, olive oil, and canned food products, and sells to more than sixty countries in Middle East, Africa, Asia, Europe, Australia and Central America. According to the Agreement, Yosen will distribute Yonca's sunflower seed oil in a number of cities in China's Zhejiang province, specifically Jinhua, Lishui, and Quzhou. The Company anticipates an annual 5 million RMB revenue contribution from distribution in these cities alone.
Yiwu Jiannuo Import and Export Company ("Jiannuo"), the Master Distributor for the "Yonca" brand in China, stated that it is happy to work with Yosen. "Yosen brings a great potential for us", commented Mr. Jionghua Chen, Jiannuo's General Manager, "With their strong retail and distribution capabilities, I believe our cooperation will make our customer very satisfied".
Likewise, Yosen shares a similar appreciation for this relationship. Yosen's CEO Mr. Zhenggang Wang commented that "Yonca sunflower seed oil enjoys a very favorable consumer reputation in China because of its quality. Yosen, as a competitive cross-border O2O player, is honored to distribute the Yonca brand in Zhejiang Province where we have a strong footprint. Yosen has always been a big promoter for quality and healthy lifestyles and is committed to connecting high standard international brands with China's ever increasing consumers. "
About Yosen Group, Inc.
Yosen Group, Inc. ("Yosen Group", or "Yosen") was founded in Yiwu City, Zhejiang Province, in 1997. Yosen Group, through its corporate headquarters in China and its wholly-owned U.S. subsidiary, is committed to building cross-border sales channels for bringing the world's best consumer products to China and, simultaneously, introducing China's most competitive products to the overseas markets. Yosen Group is China Commodity City Group's exclusive partner in the Greater New York area. The Company operates under the "Yosen" and "Yong Xin" brand names.
For more information, visit http://www.yosn.com/.
Safe Harbor Statement
Certain statements in this press release, constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements include, without limitation, statements regarding the Company's future performance. The Company has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the periodic reports that are filed with the Securities and Exchange Commission. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law.
For more information, please contact:
Xiaochun Yang
Tel: +86-571-2888-8036
Email: ceo@yosn.com
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