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China 3C Group (OTC BB: CHCG; http://www.marketwatch.com/quotes/chcg)
China 3C Group Signs Product Distribution Agreement
ZHEJIANG, China, July 28, 2008 -- China 3C Group, 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.
Verizon Communications Inc. (NYSE: VZ; http://www.marketwatch.com/quotes/vz)
Verizon Reports Double-Digit Earnings Growth, Strong Operating Cash Flows, Sales Gains in All Key Areas in 2Q Network Investments Delivering Growth: Wireless Again Tops Industry, and FiOS Penetration and Sales of Strategic Business Services Continue to Advance
NEW YORK, July 28, 2008 -- 2Q 2008 HIGHLIGHTS Consolidated Results -- 66 cents in diluted EPS and 67 cents in adjusted EPS (non-GAAP), compared with 2Q 2007 diluted EPS of 58 cents both on a reported and adjusted basis.
Wireless -- Highest net adds in the industry -- 1.5 million net customer additions; 68.7 million total customers; 66.7 million retail (non-wholesale) customers, most in the industry, up 11.0 percent.
-- Record low churn -- 1.12 percent total churn and 0.83 percent retail post-paid churn.
-- 11.8 percent increase in total revenues; data revenues up 45.3 percent.
-- 45.6 percent EBITDA margin on service revenues (non-GAAP).
Wireline -- 176,000 net new FiOS TV customers and 187,000 net new FiOS Internet customers -- with increases in the sales penetration rate for both services.
-- 10.4 percent increase in consumer ARPU in legacy telecom markets.
-- 18.7 percent increase in Verizon Business strategic services revenues.
Verizon Communications Inc. today reported continued strong results in the second quarter 2008. Verizon Wireless again led the industry in key metrics, while Verizon Wireline expanded penetration of FiOS services and continued to increase sales of strategic business services...
http://www.marketwatch.com/news/story/verizon-reports-double-digit-earni ngs-growth/story.aspx?guid=%7B492477C3%2D64A8%2D44AD%2D810F%2DF5327A5C9E 96%7D&dist=TQP_Mod_pressN
Conspiracy Entertainment Holdings Inc. (OTC BB: CPYE; http://www.marketwatch.com/quotes/cpye)
Conspiracy Entertainment Goes for Gold with August Release of 'Summer Athletics' for the Nintendo Wii(TM)
LOS ANGELES, July 28, 2008 -- Conspiracy Entertainment Corporation, a developer, publisher and marketer of interactive entertainment software in North America and Western Europe, is pleased to announce that "Summer Athletics" for the Nintendo Wii(TM) is set to sprint into stores in early August 2008. Prepare your inner athlete for the ultimate summer challenge as Conspiracy Entertainment's "Summer Athletics" goes for gold. The suggested retail price of $29.99 USD will make "Summer Athletics" the perfect game for families and casual gamers.
Sirus Ahmadi, CEO of Conspiracy Entertainment, said, "We are very excited to start rolling 'Summer Athletics' onto store shelves across North America next month. We have timed the game's release to ride the wave of excitement surrounding the world summer games in Beijing. Through our strategic, global partnerships, we are pleased to bring yet another fresh and fun take on sports entertainment that creates a user-controlled thrill ride using the best of the Wii's controls." Keith Tanaka, CFO of Conspiracy Entertainment, said, "Summer Athletics was created by the innovators behind one of Conspiracy's top-selling games, 'Winter Sports.' We look forward to bringing 'Summer Athletics' to the same markets that made Winter Sports such a success for us." Summer Athletics features 25 sports such as sprinting, archery, javelin, hammer throw and swimming. A custom character editor, lifelike graphics and realistic animations will immerse players in the game's diverse and challenging events. For more information about "Summer Athletics, please visit http://conspiracygames.com. A digital press kit is available at http://www.calico-media.com/conspiracy/e3/summer_athletics/ .
Developed by 49Games, "Summer Athletics" will bring more than 25 action-packed sports right into your home. Featuring controls custom-tailored to each platform, the game will be accessible to all types of gamers. A character editor, career mode, 3D animations and realistic environments round out the game's offerings, ensuring fun for the whole family and sports fans alike.
About Conspiracy Entertainment Corporation Conspiracy Entertainment Corporation is a developer, publisher and marketer of entertainment software in North America and Western Europe. The Company develops and licenses properties from several sources, including global entertainment and media companies and publishes software for DVD media, wireless devices, personal computers and video game consoles, including those manufactured by Nintendo, Sony Computer Entertainment, Inc., and Microsoft Corporation. Conspiracy Entertainment was founded in 1997 and is based in Santa Monica, CA.
Wii IS A TRADEMARK OF NINTENDO CO. Ltd. All other brands and trademarks mentioned in this release are the property of their respective owners.
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