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Shenzhen Changshun Yongtong Electronics Company, founded in 2004, is a high-tech company that integrates R&D, manufacturing and after-sale services. Its main product lines include MP3 and MP4 products, U-disks and digital voice recorders. The company has a factory of more than 50,000 square feet and employs approximately 230 people. Additional information can be found on the company's website at http://www.szyinhu.com .
Mr. Zhenggang Wang, CEO of China 3C, said, "We are pleased to enter into this sales agent agreement with Shenzhen Changshun for its branded MP3 and MP4 products. This agreement serves as a compelling opportunity for us to grow our revenue stream and enhance our profitability. We are honored to distribute Shenzhen Changshun's quality products into our Shanghai-based store-in-store locations and look forward to a successful partnership ahead.''
Bingtong Chen, CEO of Shenzhen Changshun said, "This is our first time working directly with a retail operator as most of our other exclusive sales agreements have been with wholesale distributors Our plan is to expand aggressively into Shanghai market this year and China 3C serves as a perfect partner to help us achieve our goal. I believe China 3C Group's strong sales network and after-service sales platform will help us to gain market share in Shanghai."
About China 3C Group
China 3C is a leading wholesale distributor and retailer of 3C merchandise: computers, communication products and consumer electronics. The company specializes in wholesale distribution and retail sales of 3C products in Eastern China, focusing on products that make life more comfortable, convenient and connected. The company's goal is to become the number one retailer of 3C products in China. For more information, visit http://www.china3cgroup.com .
Forward-looking Statements: Certain 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, including, without limitation, those under "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Part II, Item 7 of our Annual Report on Form 10-K. 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.
For more information, please contact:
Jason Yuan, Vice President
China 3C Group
Email: ir@china3cgroup.com
Bill Zima
ICR, Inc.
Tel: +1-203-682-8200
SOURCE China 3C Group
http://www.china3cgroup.com
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