Penny Stocks News From The OTCBB
Jul 23, 2008 8:30:00 AM
View Additional ProfilesZHEJIANG, China, July 23 /Xinhua-PRNewswire-FirstCall/ -- China 3C Group (OTC Bulletin Board: CHCG) ("Company"), a leading reseller and distributor of consumer and business products in China, today announced that it has signed an agreement with Shangha Pakhui Electronics, Ltd. ("Pakhui"), a leading electronics service provider in eastern China, in which Pakhui has agreed to provide full after-sale technical support for China 3C's products that are sold to customers in its "store-in-store" locations. Under the terms of this agreement, Pakhui will receive approximately one fifth of the total service fee, which originates from any individual service agreements signed between China 3C Group and its product suppliers.
Shangha Pakhui Electronics Ltd. was established in 2006 and is one of the leading electronic product service providers in eastern China. The company has approximately 25 service engineers and 60 technicians and it services roughly 5,000 well-known, branded electronics products from around the world.