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China 3C Group CEO Receives Award for Outstanding Entrepreneur

Posted on: Monday, 5 January 2009, 07:30 CST

HANGZHOU, China, Jan. 5 /PRNewswire-Asia-FirstCall/ -- China 3C Group (OTC Bulletin Board: CHCG), a retailer and wholesale distributor of consumer and business products in China, today announced that its CEO, Mr. Zhenggang Wang was named an "Outstanding Private Entrepreneur of China" at the Fifth Annual China Private Economy Summit. The award was in recognition of Mr. Wang's outstanding leadership as well as China 3C group's outstanding contributions to China's private economy.

The summit was hosted by the China Research Society for Market Economy, one of the most influential think tanks in China and a division of the Party School of the Central Committee of the Chinese Communist Party. Mr. Wang was one of 30 entrepreneurs to receive this honor at the summit.

Mr. Lianming Li, Secretary-General of China Research Society for Market Economy commented, "I am very glad to see Mr. Zhenggang Wang receive this prestigious award. Mr. Wang is an outstanding business leader with strong vision and execution capabilities. In 2008, China 3C Group was one of the retailers in China that avoided the negative impact of the overall economic slowdown due in part to Mr. Wang's remarkable foresight of retail market trends as well as his managerial leadership skills."

Mr. Zhenggang Wang, CEO of China 3C Group, said, "I am very honored to receive this award. I would like to share the honor with all my colleagues at China 3C Group. This award is an affirmation of China 3C's achievement in 2008. China 3C Group demonstrated appropriate levels of risk management compared to our competitors. Our success in 2008 is a result of the hard work of our employees and from management's strong leadership."

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 .

Forward-looking Statements:

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.

SOURCE China 3C Group

Source: PR Newswire

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