HANGZHOU, China, Jan. 5 /PRNewswire-Asia-FirstCall/ -- China 3C Group (OTC
Bulletin Board: CHCG), a retailer and wholesale distributor of consumer and
business products in China, today announced that its CEO, Mr. Zhenggang Wang
was named an "Outstanding Private Entrepreneur of China" at the Fifth Annual
China Private Economy Summit. The award was in recognition of Mr. Wang's
outstanding leadership as well as China 3C group's outstanding contributions
to China's private economy.
The summit was hosted by the China Research Society for Market Economy,
one of the most influential think tanks in China and a division of the Party
School of the Central Committee of the Chinese Communist Party. Mr. Wang was
one of 30 entrepreneurs to receive this honor at the summit.
Mr. Lianming Li, Secretary-General of China Research Society for Market
Economy commented, "I am very glad to see Mr. Zhenggang Wang receive this
prestigious award. Mr. Wang is an outstanding business leader with strong
vision and execution capabilities. In 2008, China 3C Group was one of the
retailers in China that avoided the negative impact of the overall economic
slowdown due in part to Mr. Wang's remarkable foresight of retail market
trends as well as his managerial leadership skills."
Mr. Zhenggang Wang, CEO of China 3C Group, said, "I am very honored to
receive this award. I would like to share the honor with all my colleagues at
China 3C Group. This award is an affirmation of China 3C's achievement in 2008.
China 3C Group demonstrated appropriate levels of risk management compared to
our competitors. Our success in 2008 is a result of the hard work of our
employees and from management's strong leadership."
About China 3C
China 3C 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's goal is to become the number one
retailer of 3C products in China. For more information, visit
http://www.china3cgroup.com .
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 of our Annual Report on Form 10-K. 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.
SOURCE China 3C Group