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SOURCE Yosen Group, Inc.
YIWU, China, June 17, 2014 /PRNewswire/ -- Yosen Group, Inc. (stock symbol: YOSN) ("Yosen", or "the Company") today announced that Yosen has signed a cooperation agreement (the "Agreement") with Global 3D Media Company Limited ("Global 3D Media") to provide exclusive sales channels for Global 3D Media's no-glasses 3D products entering China's hotel market.
Global 3D Media is headquartered in New York City with a R&D center in Atlanta. The company has developed proprietary Mini Super 7-inch Pad and 46-inch Multi-Media Advertisement Machine, and owns world leading no-glasses 3D patents as well as voluminous 3D content. Since its product launch in 2014, it has received orders for more than 200,000 units.
According to the Agreement, Yosen will be Global 3D Media's exclusive channel operator in China's hotel market. Global 3D Media will invest in products free trial in the lobby, elevators and guest rooms of 5-star and 4-star hotels. Yosen will be responsible for such channel development and continuing operation. For sales of any no-glasses 3D Pads demonstrated in hotel guest rooms, Yosen will enjoy a sales commission of 15% in addition to a 20% revenue sharing from all 3D advertisement sales throughout hotels. The first patch of signed hotels include well-known Shanghai Jin Jiang Hotel, Beijing People's Great Hall Hotel, Qingdao Seaview Garden Hotel, The Garden Hotel Guangzhou for a total of 2059 guest rooms. According to the Agreement, there will be a total of 80,000 guest rooms planned for 3D products trial use at Phase II.
Yosen's CEO Mr. Zhenggang Wang commented, "Global 3D Media's investment and cooperation with us in China's hotel market is not only a validation of Yosen's traditional strengths in digital products marketing and sales, but also a clear demonstration of confidence in our channel development capabilities. Since the beginning of this year, Yosen has gradually executed our new strategic positioning. We are building both off-line and on-line cross-border sales channels to bring in the world's best quality consumer products into China's market and simultaneously promote China's most competitive products overseas. The e-commerce platform that Yosen is preparing now will allow customers in the U.S. to buy this series of no-glasses 3D products. We will timely update our shareholders our latest development."
About Yosen Group, Inc.
Yosen Group, Inc. ("Yosen Group", or "Yosen") was founded in Yiwu City, Zhejiang Province, in 1997. Yosen is a leading retailer of 3C merchandise (Computers, Communication products and Consumer electronics) in Eastern China. The Company partners with China's three dominant telecommunication operators including China Telecom, China Mobile, and China Unicom, and operates 3C specialty stores within mass merchandisers at prime locations. Yosen distributes the best-selling products of Apple, Samsung, among others. Yosen Group, though its corporate headquarters in China and its wholly-owned U.S. subsidiary, is committed to building cross-border sales channels for bringing the world's best consumer products to China and, simultaneously, introducing China's most competitive products to the overseas markets. Yosen Group is China Commodity City Group's exclusive partner in the Greater New York area. The Company operates under the "Yosen" and "Yong Xin" 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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