CANADA / ACCESSWIRE / May 13, 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 Contracts Signed in 2014
After the completion of the construction and renovation of the new factory in 2013, the Company concentrates its efforts in 2014 to increase its sales revenue through distribution of our new wet wipes products, liquid laundry products and liquid cleansing products. The Company is also taking OEM orders for production of similar products under third party labels.
The Company, through its wholly owned subsidiary, Beijing Marvel Cleansing Supplies Co. Ltd. ("BMC"), recently signed 36 sales and distribution contracts covering approximately 478 mother and baby specialty stores, 181 hypermarkets and 700 convenient stores. Three OEM contracts for the production of wet wipes, liquid laundry and cleansing products under third party labels were also signed. The Company projects that approximately RMB40,000,000 (C$6,972,000) sales revenue can be generated annually through these contracts. The factory is now producing products from the orders under these new contracts.
"We will continue our efforts to sign up more new contracts in the remaining part of 2014, which in turn will increase our total sales revenue in the second half year of 2014 and also maximize the usage of the existing production capacity of the equipment in the new factory", said Liao Yongliang, President of the Company. "When required, the Company will acquire more equipment to fulfill and complete the production orders."
2. Stock Options Granted
The Company granted 6,000,000 stock options to three directors and a consultant with an exercise price of $0.10 per share expiring on February 17, 2016.
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.
SOURCE: Brand Marvel Worldwide Consumer Products Corporation