Good Life China (GLCC) Bakery Division Lands Contract with Wal-Mart in Shenzhen
05 März 2009 - 10:53PM
PR Newswire (US)
Shenzhen Bread Co. Lands signs cooperation agreement with well
known retailer BEIJING, March 5 /PRNewswire-FirstCall/ -- Good Life
China Corporation http://www.goodlifechina.com/ (GLCC) today after
the market closed announced that its Shenzhen Bread Co. (Miluga)
subsidiary has signed a cooperation agreement with Wal-Mart in
Shenzhen for the purchase of a wide variety of bakery products. The
products include traditional baked products as well as an agreement
for Miluga's very popular moon cakes. Wal-mart Stores is one of the
biggest and most exclusive chain stores in Hubei Province, having
more than 11 branch stores around Shenzhen alone. Importantly, it
is a testament to Miluga's production capabilities and quality
control that it is able to meet the strict standards of Wal-Mart.
Key factors that gave Miluga the competitive edge include superior
product quality, excellent service and on-time delivery. Gross
revenues by Wal-Mart from the sales of Miluga's mooncakes alone are
projected to reach more than two million RMB annually. The Company
anticipates making additional announcements re: major sales
contracts in the coming weeks. Safe Harbor statement under the
Private Securities Litigation Reform Act of 1995: Certain forward
information contained in this release contains forward-looking
statements that involve risk and uncertainties, including but not
limited to, those relating to development and expansion activities,
domestic and global conditions, and market competition. Get the
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