January 21, 2014
Brand Marvel Worldwide Consumer Products Corporation (the "Company") (TSXV symbol: BMW) is pleased to provide updates of the Company on the following areas:
1. New Distribution Contract
The Company, through its wholly owned subsidiary, Beijing Marvel Cleansing Supplies Co. Ltd. ("BMC"), recently signed a distribution contract with a local distributor for distributing five wet wipe products to one hundred and eight RT-Mart hypermarkets across the provinces along the south-eastern seaboard of China. A hypermarket is a superstore combining a supermarket and a department store. The result is an expansive retail facility carrying a wide range of products under one roof, including full grocery lines and general merchandise so as to allow its customers to satisfy all their routine shopping needs in one trip.
RT-Mart, which is run by Sun Art Retail Group, a venture between Taiwan's RT-Mart and France's Groupe Auchan SA, had been crowned the top big-box retailer in China in terms of revenue for two consecutive years since 2011, the Chinese-language Entrepreneur Magazine has reported. The group posted sales of more than 60 billion Renminbi (US$9.76 billion) in 2011 and 2012, respectively, with an annual sales growth of more than 15% since 2000. Wal-Mart Stores, the world's largest retailer, has found itself being outdone by Taiwan-based RT-Mart in China, which has been able to offer competitive pricing, as well as more localized items, such as live seafood for Chinese shoppers.
"This distribution contract will help to spread out our wet wipe products throughout the south-eastern part of China and at the same time will substantially increase our sales revenue", said Liao Yongliang, President of the Company.
2. Virtual Stores
The Company recently opened up a new virtual store with multi-language capability for international customers outside China to purchase our products on a wholesale basis or place OEM orders. This virtual store, together with our factory and products, has been assessed by an independent third party verification company for providing comprehensive and verified information about a company's production and trade capabilities, which increases our creditability and trustworthiness to the potential customers.
Together with another two virtual stores for local Chinese customers, the Company now has three virtual stores with the details summarized as follows:
http://yifanjjry.tmall.com - aiming at local Chinese customers on a retail basis
http://usmarvel.cn.alibaba.com - aiming at local Chinese customers on a wholesale basis
http://beijingmarvel.en.alibaba.com - aiming at international customers outside China on a wholesale basis
"Together with the new virtual store for international customers outside China, our products are now exposed to potential customers worldwide", said Liao Yongliang, President of the Company. "Upon completion of the construction and renovation of the factory and introduction of new wet wipes, liquid laundry and cleansing products to the market in 2013, the Company aims to increase the total sales revenue in 2014, which will result in an improved bottom line."
About Brand Marvel Worldwide Consumer Products Corporation ("BMW")
Brand Marvel Worldwide Consumer Products Corporation ("BMW") is a public company listed on the TSX Venture Exchange under the trading symbol "BMW". Through its operating arm and wholly owned subsidiary, Beijing Marvel Cleansing Supplies Co. Ltd. ("BMC"), the Company manufactures and distributes wet wipe products, liquid disinfectant products, liquid cleansing products and liquid laundry products in the People's Republic of China ("China").
BMC currently produces and distributes non-woven wet wipe products, including general, baby, man, woman, functional and hygienic, for both domestic and international markets under the brand names "Snowtree", "Dreamboat" or OEM orders. BMC also produces and distributes in China liquid disinfectants, liquid cleansing products and liquid laundry products under its own brand names or OEM orders. BMC is a leading name in China with a national wide distribution network on its fast moving consumer products.
On behalf of the Board of Directors
President and Director
Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business. As a result, actual results may vary materially from those described in the forward-looking statement. Undue reliance should not be placed on forward looking statements or information. We do not expect to update forward-looking statements or information continually as conditions change, except as may be required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Leave a comment...