HONG KONG, Jan. 22 /PRNewswire-FirstCall/ -- Asiamart, Inc. (OTC
Bulletin Board: AAMA) today announced that it has signed a global exclusive
agreement with Rollei, a renowned German brand in professional photography
equipment. The agreement involves a significant volume purchase of Rollei's
DV828 digital video cameras, to meet the anticipated surge in traffic of
outbound Chinese tourists to Asiamart's outlets for the Chinese New Year in
February 2007. According to Asiamart's management, the company expects a
very strong profit margin on this particular model.
Asiamart has the largest market share in Hong Kong within the outbound
retail tourism segment. Alex Yue, Chairman and Chief Executive Officer of
Asiamart, said "our new agreement with Rollei is a part of our strategy of
building a sustainable business model that includes extensive and long-term
support from top-tier international suppliers. Our agreement with Rollei is
the most recent in a series of agreements that also include JVC and
Samsung. We are thrilled to have the support of such a renowned and
high-caliber German brand to help us achieve our vision."
About Asiamart, Inc.
Asiamart, Inc., 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 selected
international brands in a wide range of merchandise categories including
consumer electronics, cosmetics and skin care, dietary supplements, health
care and optical products. For more details, see the company's current
report on Form 10-Q filed with the SEC on November 14, 2006.
Cautionary Statement Regarding Forward Looking Information
This press release contains forward-looking information about Asiamart
that is intended to be covered by the safe harbor for forward-looking
statements provided by the Private Securities Litigation Reform Act of
1995. Forward-looking statements are statements that are not historical
facts. These statements can be identified by the use of forward-looking
terminology such as "believe," "expect," "may," "will," "should,"
"project," "plan," "seek," "intend," or "anticipate" or the negative
thereof or comparable terminology, and include discussions of strategy, and
statements about industry trends and Asiamart's future performance,
operations and products.
This forward-looking information should be considered only in
connection with "Risk Factors" in Asiamart's quarterly report on Form 10-Q
filed with the SEC on November 14, 2006, and its other current and periodic
reports filed with the SEC. Asiamart assumes no obligations to update any
forward-looking statements or information set forth in this press release.
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, New York
Hong Kong SAR
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SOURCE Asiamart, Inc.
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CONTACT:
Noelle Hon, Chief Investor Relations Officer,
Asiamart, Inc., +852-3580-8800; or Adam Friedman, Adam Friedman
Associates, LLC, +1-212-981-2529, Ext. 18
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