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China 3C Group Names Director of Sales
Apr 02, 2008 (08:04 AM EDT)


ZHEJIANG PROVINCE, China, April 2, 2008 /Xinhua-PRNewswire/ -- China 3C Group , a leading retailer and distributor of consumer and business products in China, today announced that the Company has named Mr. Yong Wu to the newly created position of Vice President and Director of Sales. In this role, Mr. Wu will be responsible for China 3C's overall sales strategy and will be involved in overseeing than 500 member sales and support staff, marketing, analyzing data and trends, and customer service.

Mr. Wu most recently served as the sales manager for East China at CR Vanguard Limited, which is one of the largest supermarket chains in China. From 2000 to 2005, he worked as a sales manager for East China at Trust-Mart Department Stores Co, a well-known department store chain. Mr. Wong began his career in 1996 working for COFCO Le Conte Food (Shenzhen) Co, Ltd, one of China's largest candy manufacturers rising to the level of General Manager of East China, which is the most important sales region for this company. Mr. Wong graduated from Zhejiang University School of Economics and Management, one of China's top universities.

Mr. Zhenggang Wang, Chairman and Chief Executive Officer commented, ''We are pleased to welcome Wu to this newly created position at China 3C Group. As we continue to broaden our presence in China, it is important to ensure that the lead sales managers at each of our four operating subsidiaries report to one centralized individual. We believe that having Wu in this role will streamline our operations more efficiently, better service the needs of our customer base and allow us to take advantage of the retail market opportunities for China 3C ahead. He has rich sales management experience and we anticipate that he will have the ability to analyze and enhance the sales structure at our company. We look forward to Wu's future contributions to our business and believe he will play a significant role in our growth ahead.''

''I am very honored to join a great company like China 3C and look forward to working with the rest of the management team to expand future sales opportunities. I intend to utilize my experience working in China's consumer industry to strengthen the Company's overall sales infrastructure and maximize 3C's performance at leading consumer electronic retail outlets in Eastern China,'' commented Wu Yong.

About China 3C

China 3C Group is a leading retail chain operating approximately 908 retail outlets in Eastern China. The company specializes in selling 3C products (communication, information technology and digital) in China. Among China 3C's primary attributes is its efficient distribution network and rapid logistics system.

Forward-looking Statements

Certain of the statements set forth in this press release constitute "Forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We have included and from time to time may make in our public filings, press releases or other public statements, certain forward-looking statements, including, without limitation, those under "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Part II, Item 7. In some cases these statements are identifiable through the use of words such as "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "target," "can," "could," "may," "should," "will," "would" or words or expressions of similar meaning. You are cautioned not to place undue reliance on these forward- looking statements. In addition, our management may make forward-looking statements to analysts, investors, representatives of the media and others. These forward- looking statements are not historical facts and represent only our beliefs regarding future events, many of which, by their nature, are inherently uncertain and beyond our control. There can be no assurance that such forward- looking statements will prove to be accurate and China 3C Group undertakes no obligation to update any forward-looking statements or to announce revisions to any of the forward-looking statements.

CONTACT: In the U.S. - Bill Zima, ICR, Inc., +1-203-682-8200; In Asia, DanJoseph, ICR, Inc., +86-21-6122-1077, both for China 3C Group