SHISHI, China, Nov. 15, 2018 /PRNewswire/ -- KBS Fashion Group Limited ("KBS" or the "Company") (NASDAQ: KBSF), a leading fully-integrated casual menswear company in China, is pleased to announce that the Company received approval from Amazon US on October 30th to begin listing the Company's products for sale. Starting with mainly down jackets, based on the market feedback, KBS will later sell other products to meet North American consumers' demands.
It's noteworthy that KBS products are also available on North American and European online stores of Hangzhou Siteng Network Technology Company Ltd. ("Siteng"), an e-commerce service company in China.
Mr. Keyan Yan, Chief Executive Officer of the Company commented, "This is a new milestone for KBS. Moving forward, we would like to attract millions of online shoppers worldwide through cross-broader e-Commerce channels. KBS will continue its efforts in researching and developing new products that will suit different markets in order to enhance brand awareness. Meanwhile, by further collaborating with Siteng, we feel confident about the future of cross-border e-commerce business of KBS. We plan to accelerate the related valuation process and hope to complete the acquisition of Siteng soon."
For more information about KBS Amazon, please visit https://www.amazon.com/s?marketplaceID=ATVPDKIKX0DER&me=AMPU1O946XG2P&merchant=AMPU1O946XG2P
About KBS Fashion Group Limited
Headquartered in Shishi, China, KBS Fashion Group Limited, through its subsidiaries, is engaged in the business of designing, manufacturing, selling and distributing its own casual menswear brand, KBS, through a network of 38 KBS branded stores (as of June 30, 2018) and over a number of multi-brand stores. To learn more about the Company, please visit its corporate website at www.kbsfashion.com.
Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating to the business of KBS Fashion Group Limited, and its subsidiary companies. All statements, other than statements of historical fact included herein, are "forward-looking statements" in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. 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 Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
For further information, please contact:
Lixia Tu
Chief Financial Officer
T: +86-158-5972-2469
E: lingsantu@hotmail.com
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