HONG KONG, Dec. 21 /PRNewswire-FirstCall/ -- Asiamart, Inc. (OTC
Bulletin Board: AAMA) today announced that it has signed an agreement with
Kina International Ltd and its subsidiary Kam Yuen International Travel
Company Ltd, effective December 16, 2006. This agreement will bring an
average of 3,500 additional tourists to Asiamart's stores per month.
Kina International is one of the Top 10 tour operators in Hong Kong
which specializes in PRC outbound tours, ticketing, and hotel reservations.
It is an associate member of HACTO, Hong Kong Association of China Travel
Organizers as well as of the China National Tourist Association and
endorsed by the Hong Kong Receiving Agent for Chinese Tours.
"With Kina Group's experience and reputation in PRC outbound tourism,
we expect this business collaboration will further solidify the Company's
strong position within the field of retail tourism. As the growing middle
class in China obtains increased disposable income, their spending is
expected to grow rapidly," stated Alex Yue, Chairman of the board and CEO.
"We look forward to further expanding our relationships with these
recognizable Chinese travel agencies and tour operators, building our
customer base that may add substantial revenue and profit to our Company,"
Yue further commented.
About Asiamart, Inc.
Asiamart, Inc., incorporated as a Delaware corporation, is a retail and
trading company based in Hong Kong focused on the outbound China tourist
retail market. Asiamart operates a chain of outlets and discount shopping
centers catering principally to tourists brought to its stores through a
large network of travel companies and tour operators. Asiamart offers its
customers select international brands in a wide range of merchandise
categories including consumer electronics, cosmetics and skin care, dietary
supplements, health care products and optical. For more details, see the
company's latest quarterly report on Form 10-Q filed with the SEC on
November 14, 2006.
Contact:
Asiamart, Inc. Adam Friedman Associates, LLC
Noelle Hon Adam Friedman
Chief Investor Relations Officer (212) 981 2529 Ext. 18
(852) 3580 8800 New York
Hong Kong SAR
SOURCE Asiamart, Inc.
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CONTACT:
Noelle Hon, Chief Investor Relations Officer
of Asiamart, Inc., +1-852-3580-8800; and Adam Friedman of Adam
Friedman Associates, LLC, +1-212-981-2529 Ext. 18
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