HANGZHOU, China, Jan. 7, 2014 /PRNewswire/ -- Yosen Group, Inc. (stock symbol: YOSN) ("Yosen", or "the Company"), announced today that it received "2013 China Telecom's Highest Potential Award" at China Telecom Corporation Ltd.'s ("China Telecom") 2013 Annual Appreciation Gala, as a recognition of Yosen's innovative collaborative model and outstanding performance.
China Telecom hosted its 2013 Annual Appreciation Gala last month in Hangzhou, China, where Yosen is headquartered. It was China Telecom's largest-scaled, most influential annual gathering in recognition of its collaborative partners. Samsung, Huawei, among many other well-known names in the industry, attended the meeting. Yosen was the first company that initiated a "super specialty store in a mass merchandiser/department store" model ("Super Specialty Store"). Last March it opened its first Super Specialty Store in cooperation with China Telecom Zhejiang and operated under a "Yosen Digital - China Telecom E Surfing" co-branding. Later in the year, Yosen launched ten (10) more such Super Specialty Stores co-branded with and supported by China Telecom. As a result, Yosen stood out among China Telecom's thousands of operating partners and attained China Telecom's Highest Potential Award along with a cash prize of 10,000 Yuan.
The Super Specialty Store is Yosen's unique business model under which Yosen cooperates with China's dominant telecommunication operators such as China Telecom. In addition, Yosen also cooperates with China Telecom's rivals China Unicom and China Mobile. The ultimate goal is to provide a top notch shopping convenience for consumers overall.
About Yosen Group, Inc.
Yosen Group is a leading wholesale distributor and retailer of 3C merchandise: computers, communication products and consumer electronics. The company specializes in wholesale distribution and retail sales of 3C products in Eastern China, focusing on products that make life more comfortable, convenient and connected. The company operates under the Yosen and Wang Da brand names. For more information, visit http://www.yosn.com/.
About China Telecom Corporation Limited
China Telecom Corporation Limited ("China Telecom") is an integrated information full services operator and the world's largest wire line telecommunications, CDMA mobile network and broadband Internet services provider, providing basic telecommunications services such as wire line telecommunications services, mobile telecommunications services, and value-added telecommunications services such as Internet access services and information services in the PRC. As of the end of 2012, China Telecom has wire line access lines in service of about 163 million, wire line broadband subscribers of about 90 million and mobile subscribers of about 161 million. China Telecom's H shares and American Depositary Shares are listed on the Stock Exchange of Hong Kong and the New York Stock Exchange, respectively.
Safe Harbor Statement
Certain statements in this press release, constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements include, without limitation, statements regarding the Company's future performance. The Company has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the periodic reports that are filed with the Securities and Exchange Commission. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law.
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- HANGZHOU, China