PAQ Paq Intl

    RNS Number : 2473Z
  PAQ International Holdings Limited
  17 July 2008
   

    
    Embargoed until 7am on 17 July 2008


    PAQ International Holdings Limited
    ("PAQ" or "the Company")


    Supply Contract and launch of point of sales in Mainland China


    The Board of PAQ, the AIM listed leading designer and manufacturer of branded and Original Equipment Manufacturer ("OEM") "softwear" for
electronic products and accessories, is pleased to announce that it has finalised an agreement to supply a range of its products to the
Suning Appliance stores in the People's Republic of China ("PRC"). 

    Suning Appliance is the second largest consumer appliance retailer in the ("PRC"), with a listing on the Shenzen Stock Exchange. It
currently operates over 600 stores, in 190 cities across 28 provinces, with an expectation to increase this number of stores to 1,500 by the
end of 2009. 

    PAQ continues to increase its market share through co-branding agreements and partnerships. The Company's heritage as a white labelled
OEM manufacturer is rapidly evolving into a high-margin business, with the PRC and US markets initial targets for PAQ branded product lines.


    Point of Sales Business Development 

    In anticipation of the Beijing Olympics this August, PAQ has opened 10 concessions within stores in Beijing. Also, it has opened a
further 4 concessions in Shanghai and other areas in the PRC. For further information on PAQ point of sales locations please visit
www.paq-intl.com


    Kelvin Yau, Chief Executive of PAQ, commented, "This is an excellent contract for PAQ, increasing our presence and visibility in the
PRC, as our strategy dictates. This is one of PAQ's first contracts where we have gone directly to the high street store rather than via
intermediaries.

    We have purposely chosen the PRC to do this as the region is a high economic growth market and we believe it offers great potential to
those companies who have an established and respected brand identity. PAQ aims to be such a brand." 

    -ends-

    For further information, please contact:

    PAQ International Holdings                                            +852 9135 1811
    Kelvin Yau, Chief Executive 

    Zimmerman Adams International                                    +44 20 7060 1760 
    Dominique Doussot

    College Hill                                                                       +44 20 7457 2020
    Gareth David

This information is provided by RNS
The company news service from the London Stock Exchange
 
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