QKL Stores Inc. Opens One New Supermarket
DAQING, China, Aug. 22, 2012 /PRNewswire-Asia/ -- QKL Stores Inc. (QKLS) (the "Company") (Nasdaq: QKLS), a leading regional supermarket chain in Northeastern China, today announced the opening of a new supermarket.
The Company's 54th new store, situated in Kaiyuan City, Liaoning Province, was opened on August 22, 2012. Kaiyuan City, with a population of approximately 580,000 residents, is known as the national grain producing base, and has a history of over 1300 years. The supermarket is located in the center of the commercial district of the city, serving about 200,000 potential Chinese customers. This supermarket occupies approximately 5,700 sq. meters of gross space.
Mr. Zhuangyi Wang, Chairman and CEO, said, "Kaiyuan City is a growing city in the Northeast China region that can benefit from the varied assortment of quality fresh food and grocery products that are carried within our store locations. We are pleased to open our first store in this location and are encouraged with the schedule of our 2012 store opening plan."
About QKL Stores Inc.:
Based in Daqing, China, QKL Stores, Inc. is a leading regional supermarket chain company operating in Northeast China. QKL Stores sells a broad selection of merchandise, including groceries, fresh food, and non-food items, through its retail supermarkets, hypermarkets and department stores; the company also has its own distribution centers that service its supermarkets. For more information, please access the Company's website at: www.qklstoresinc.com.
Safe Harbor Statement
Certain statements in this release and other written or oral statements made by or on behalf of the Company are "forward looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements within the meaning of these laws. The forward looking statements are subject to a number of risks and uncertainties including market acceptance of the Company's services and projects and the Company's continued access to capital and other risks and uncertainties. The actual results the Company achieves may differ materially from those contemplated by any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements.
Mike Li, Investor Relations
SOURCE QKL Stores Inc.