China 3C Group Files Amended 10-K and 10-Q Documents

HANGZHOU, China, May 11 /PRNewswire-Asia-FirstCall/ -- China 3C Group
("China 3C" or the "Company") (OTC Bulletin Board: CHCG), a retailer and
wholesale distributor of consumer and business products in China, today
announced that the Company has amended the filing of its 2007 annual report on
10-K as well as its quarterly 10-Q documents for the quarterly periods ending
March 31st, June 30th and September 30th, 2008. These amended reports were
filed by the Company to reflect certain changes to the reports that the
Company agreed to make following the review of the original reports by the
Securities and Exchange Commission. There were no changes to the company's
historic financial results associated with any these documents filed today
with the SEC. The Company plans on reporting its first quarter 2009 earnings
results this Friday, May 15th.
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.
SOURCE China 3C Group

Jason Yuan, Vice President of China 3C Group, ir@china3cgroup.com; Bill Zima
of ICR, Inc., +86-10-6599-7969