ZHEJIANG PROVINCE, China, April 24 /Xinhua-PRNewswire/ -- China 3C Group (OTC Bulletin Board: CHCG), a leading retailer and distributor of consumer and business products in China, announced that the Company has signed an exclusive sales agreement with ACA (Zhuhai) Limited Company, which is a leading manufacturer of household appliances, primarily toasters and ovens, with distribution in many countries around the world.
As of April 1, 2008, China 3C's wholly owned subsidiary, Zhejiang Sanhee Electronic Technology Limited Company, has been authorized to exclusively sell ACA's products via a new counter/space in all eight of Wumart's stores in Zhejiang Province. Wumart Group is one of the leading grocery chains in China with approximately 100 stores overall and eight stores in the Huadong region of China, which includes Shanghai and the surrounding provinces.
Mr. Zhenggang Wang, CEO of China 3C Group commented, "We are pleased to enter into a relationship with ACA. This year, we intend to focus on maximizing the amount of product we sell per retail location. We are already selling other household appliances, including rice cookers, in all eight Wumart stores in the Huadong region of China and believe that by introducing new, in-demand products such as toasters and ovens to these existing retail locations, we are optimizing our sales opportunities in each retail outlet.
Furthermore, selling ACA toasters and ovens will allow us to add a strong brand name to our list of manufacturers and will also allow us to develop expertise in a new product category. As we become even more familiar with this brand's products and further solidify our relationship with ACA, our goal is to expand our sales opportunities of toasters and ovens throughout 3C's broad distribution network of 900+ retail outlets in the Eastern China region."
About China 3C
China 3C is a leading wholesale distributor and retailer operating over 900 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
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