HANGZHOU, China, April 8, 2014 /PRNewswire / -- Yosen Group, Inc. (stock symbol: YOSN) ("Yosen", or "the Company") today announced that it was invited by the Yiwu Municipal Government of Zhejiang Province and China Commodity City Group to attend the China International E-Commerce Expo in Yiwu from April 10th to 12th.
China International E-Commerce Expo is China's first national level e-commerce exposition sponsored jointly by China's Ministry of Commerce, Ministry of Industry and Information Technology, Zhejiang Provincial Government and Yiwu Municipal Government. The participants will include many well-known companies such as Amazon, Google, eBay, Baidu and Alibaba, to name a few.
Located in Central Zhejiang Province, Yiwu City is famous for the China Commodity City domiciled within. In 2005, China Commodity City was honored by the United Nations, the World Bank and Morgan Stanley, among other world authorities, as the "largest small commodity wholesale market in the world". Today, occupying a total operating area of over 50 million square feet, China Commodity City has been ranked No. 1 for twenty-two (22) years consecutively among China's major wholesale markets. Founded in Yiwu City too about twenty (20) years ago, Yosen takes pride in the same roots with China Commodity City and the long established history. Yosen has been trying to grasp the best collaboration angle so as to optimize these resources and maximize shareholders' value. To that end, the Company announced in late December 2013 its strategic plan to establish a new business unit overseas to commence the international trade and wholesale business. Earlier this year, Yosen established its wholly owned U.S. subsidiary in New York as a first step to execute its international expansion strategy.
Yosen's CEO Mr. Zhenggang Wang commented, "By leveraging our unique resources in Yiwu's China Commodity City and our business network in the United States, we aim to bring our international trade and wholesale business to full speed. We will actively seek the continued endorsement from and strategic cooperation with the Yiwu local government as well as China Commodity City. Yosen strongly believes that the current e-commerce age has brought us unprecedented opportunities. We have prepared ourselves thoroughly to integrate off-line and on-line sales platforms efficiently. Our action plans in many aspects will be executed gradually this year. We will provide timely update to our shareholders throughout the process."
About Yosen Group, Inc.
Yosen Group, Inc. ("Yosen Group", or "Yosen") is an award-winning 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. With a commitment to provide one-stop shopping convenience for consumers overall, Yosen Group initiated a unique Super Specialty Store model under which Yosen collaborates with, and in some cases, co-brands with China's dominant telecommunication operators including China Telecom, China Unicom and China Mobile, and sells their products and services in designated Yosen stores within mass merchandisers. Yosen Group is headquartered in Hangzhou, Zhejiang Province, the People's Republic of China. Through its U.S. subsidiary, Yosen Trading Inc., the company is strategically positioned to bring the world's best consumer products to China and simultaneously introduce China's most competitive products to the overseas market. The company operates under the Yosen and Wang Da brand names.
For more information, visit http://www.yosn.com/.
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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