China 3C Group Signs After-Sale Technical Service Support Agreement
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ZHEJIANG, China, July 23 /Xinhua-PRNewswire-FirstCall/ -- China 3C Group
(OTC Bulletin Board: CHCG) ("Company"), a leading reseller and distributor of
consumer and business products in China, today announced that it has signed an
agreement with Shangha Pakhui Electronics, Ltd. ("Pakhui"), a leading
electronics service provider in eastern China, in which Pakhui has agreed to
provide full after-sale technical support for China 3C's products that are
sold to customers in its "store-in-store" locations. Under the terms of this
agreement, Pakhui will receive approximately one fifth of the total service
fee, which originates from any individual service agreements signed between
China 3C Group and its product suppliers.
Shangha Pakhui Electronics Ltd. was established in 2006 and is one of the
leading electronic product service providers in eastern China. The company
has approximately 25 service engineers and 60 technicians and it services
roughly 5,000 well-known, branded electronics products from around the world.
Mr. Junhe Da, CEO of Pakhui, said, "We are honored to provide technical
support for such a significant distributor of 3C products, and we believe that
our outstanding service will meet China 3C's demanding standards for customer
satisfaction."
Mr. Zhengang Wang, CEO of China 3C, said, "We are delighted to offer this
new after-sale service to our customer base and view this agreement as a
meaningful step to increase customer loyalty and improve our competitive
position in the Chinese marketplace. We believe that this announcement along
with our recently announced brand advertising initiative for our store-within-
stores further distinguishes our Company as a leader in the expanding 3C
market."
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
In the U.S., Bill Zima, +1-203-682-8200, or in Asia, Dan Joseph,
+86-21-6122-1077, both of ICR, Inc., for China 3C
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