1 Rory Plaza Inc. Announces Joint Venture With Major Asian Furniture Manufacturer.Business Editors LOS ANGELES--(BUSINESS WIRE)--July 5, 2000 1 Rory Plaza Inc., the parent company of AmericanHome.ws, an online home furnishings supersite, today announced that it tentatively has entered into a joint venture partnership agreement with Hua Yi Industry Co. Ltd. of Beijing. The addition of popular, classic Chinese-style furniture to AmericanHome.ws will enhance the site's B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business and B2C (Business to Consumer) Refers to a business communicating with or selling to an individual rather than a company. See B2B. offerings. "Chinese influences in home interior design have been strong for several years now, as has the popularity of restored and reproduced antique Chinese furniture History China is one of the longest standing major civilizations in the world today. The familiar Asian minimalist aesthetic so often associated with Japan had its origins in China as far back as 1500 BC. ," said Randall Hickman, chairman of the board of 1 Rory Plaza. Hickman also stated that "by forming this strategic joint venture, 1 Rory Plaza will carve out its share of the more than $1 billion of Chinese furniture exported to the U.S. annually." Upon his return from Beijing, Hickman indicated that under the joint venture partnership agreement, 1 Rory Plaza and Hua Yi Industry will form a joint venture company called Sino-U.S. Joint Venture Huayi Woodstock Ltd. 1 Rory Plaza will serve as Huayi Woodstock's exclusive distributor for North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and will run Huayi Woodstock's sales division from its two California locations: Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. and San Marcos San Marcos (săn mär`kəs). 1 City (1990 pop. 38,974), San Diego co., S Calif., a northern suburb of San Diego; settled 1880s, inc. 1963. . The scope of Huayi Woodstock's operation will include the repair, restoration and reproduction of Ming and Qing Dynasty classical furnishings, as well as new and old craftwork craft·work n. Work made or done by craftspeople. craft  work er n. . The restoration and manufacturing facility will be located in the Langfang Development Zone in Langfang, China. Hua Yi Industry is recognized as one of the largest classic furniture companies in China. The company distributes and sells classic Chinese furniture and craftwork in more than 20 countries. The collaboration of Hua Yi Industry with 1 Rory Plaza marks Hua Yi Industry's emergence into the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. market. "Without exaggeration, Hua Yi Industry is one of the most outstanding enterprises in this field and we expect the American market to be impressed with our quality workmanship, unique style and favorable prices," said Martin Li, the chairman of Hua Yi Industry. 1 Rory Plaza owns and operates www.1roryplaza.com, americanhome.ws, www.1roryplaza-europe.com and www.dirt-e-fun.com. AmericanHome.ws is one of the Internet's most extensive sites for furniture and home interior products. For further information about 1 Rory Plaza or investment opportunities, you may visit the company at www.1roryplaza.com or americanhome.ws, or e-mail 1 Rory Plaza at sales@1roryplaza.com or call 800/669-2782. |
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