ZHEJIANG, China, July 28 /Xinhua-PRNewswire-FirstCall/ -- China 3C Group
(OTC Bulletin Board: CHCG), a leading retailer and distributor of consumer and
business products in China, announced today that the Company has signed a
product distribution agreement with Juda Group, a well-known manufacturer of
consumer electronics goods in China.
Under this agreement, China 3C will begin selling all of Juda Group's
consumer electronics products as well as provide after-sales service support
for these products at all China 3C stores located in the Jiangsu and Zhejiang
provinces. Revenues generated from Juda Group's products will benefit China
3C's Sanhe subsidiary.
Juda Group is based in southern China. Its products include DVD players,
high definition DVD players, home theater systems and stereo equipment. It
has been the recipient of multiple prestigious industry awards related to
trustworthy consumer products and ''Famous Chinese brands'' products. The
Company has over 5,000 employees and operates from a 48,000 square meter
facility.
Mr. Zhuang Bingwu, CEO of Juda Group, said, ''We are delighted to
establish this relationship with China 3C Group. This agreement marks our
first entry into the eastern China market and we are honored to align
ourselves with a retailer that has significant distribution capability and a
strong 'store-in-store' presence in the Huadong region.'
Mr. Wang Zhenggang, CEO of China 3C, commented, ''Our cooperation with the
Juda Group further diversifies our product offering and provides greater
options to our basic customers. We are also pleased that this agreement
provides after-sales service support, which is a new initiative that can
strengthen our manufacturing relationships and develop additional higher
margin revenue opportunities for our business.''
About China 3C
China 3C is a leading wholesale distributor and retailer operating over
1000 retail outlets in Eastern China. The Company specializes in selling 3C
products which include: cell phones and accessories, fax machines and printers,
consumer electronics, computer and computer-related products and small home
appliances. Among China 3C's primary attributes is its efficient distribution
network and rapid logistics system. For more information, visit
http://www.china3cgroup.com .
Forward-looking Statements
Certain of the statements set forth in this press release constitute
'Forward looking statements' within the meaning of the Private Securities
Litigation Reform Act of 1995. We have included and from time to time may
make in our public filings, press releases or other public statements, certain
forward-looking statements. In some cases these statements are identifiable
through the use of words such as 'anticipate,' 'believe,' 'estimate,'
'expect,' 'intend,' 'plan,' 'project,' 'target,' 'can,' 'could,' 'may,'
'should,' 'will,' 'would' or words or expressions of similar meaning. You are
cautioned not to place undue reliance on these forward- looking statements.
In addition, our management may make forward-looking statements to analysts,
investors, representatives of the media and others. These forward-looking
statements are not historical facts and represent only our beliefs regarding
future events, many of which, by their nature, are inherently uncertain and
beyond our control. There can be no assurance that such forward-looking
statements will prove to be accurate and China 3C Group undertakes no
obligation to update any forward-looking statements or to announce revisions
to any of the forward-looking statements.
SOURCE China 3C Group
