Message #6 From:
NewsBot Date: December 14, 2007 06:52:27 PM
China 3C Group CEO Purchases Additional Shares
ZHEJIANG PROVINCE, China, Dec. 14 /PRNewswire-FirstCall/ -- China 3C Group (OTC Bulletin Board: CHCG), a retailer and distributor of consumer and business products in China, announced today that Chairman and CEO Zhenggang Wang purchased 20,000 additional shares of China 3C Group on December 13, 2007 at a price of $3.60 per share. Wang has purchased a total of 120,000 shares in the in the past month.
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.
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. www.china3Cgroup.com
