ZHEJIANG, China, Sept. 11 /PRNewswire-FirstCall/ -- China 3C Group (BULLETIN BOARD: CHCG.OB) , the parent company of Zhejiang Yong Xin Digital Technology Co., Ltd., today announced that the Company has signed a sales agent agreement with the Hangzhou branch of China Unicom Limited .
Under the terms of the agreement, China 3C will be the sales agent for China Unicom's services and products including Unicom 130 card and Unicom 133 card.
Mr. Zhenggang Wang, Chief Executive Officer of China 3C, stated, "Our strong sales network and marketing experience in wireless communication products will enable us to provide more comprehensive services to our customers through our agreement with China Unicom. This partnership will also provide us with new business lines and increase our sales in cell phone products."
About China Unicom
China Unicom Company Limited was incorporated in July 17, 1994, with more than 300 subsidiaries and branches in 30 provinces, autonomous regions, and municipalities. With over 112 million wireless subscribers, China Unicom is the world's second largest CDMA operator, third largest GSM operator and the provider of paging, long-distance, broadband data and mobile communications services.
About China 3C Group
China 3C Group is a leading retail chain operating over 600 independent stores in Eastern China. The Company specializes in selling 3C products (communication products, information technology products, and digital products) in China through its subsidiary Zhejiang Yong Xin Digital Technology Co., Ltd. Among China 3C's primary attributes is its efficient distribution network and rapid logistics system. The Company's goal is to become the number one retailer of 3C products in China.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995.
This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including the recent economic slow down affecting technology companies, our ability to successfully develop products, rapid technological change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. Our Annual Report on Form 10-KSB, recent and forthcoming Quarterly Reports on Form 10-QSB, recent Current Reports on Forms 8-K and 8-K/A, and other SEC filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
Website: http://www.china3cgroup.com/
