50% Increase in Distributors.VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 31, 1996-- Imperial Ginseng ginseng (jĭn`sĕng), common name for the Araliaceae, a family of tropical herbs, shrubs, and trees that are often prickly and sometimes grow as climbing forms. Products Ltd. ("Imperial") has received its first of a series of orders from Allied Marketing (China) Ltd. ("Allied"), pursuant to the distribution agreement recently signed. Imperial now has three major distributors for its Imperial Life brand of pure North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. ginseng products. Allied is one of the largest distributors of branded consumer products in Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. and is Imperial's exclusive distributor in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. and Macau. Allied will distribute the Imperial Life products through its network of supermarkets such as Park `N' Shop, Welcome, Yoahan and Watson's. Sales of Imperial Life products which to date have been primarily in Canada, totaled $383,000 for the year ended June 30, 1996. With Allied's extensive distribution channels and Imperial's entry into the Hong Kong and Macau markets, we expect value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. products sales to increase significantly. Imperial Ginseng Products Ltd. is a world leader in the $3 billion ginseng industry, combining expertise and specialized horticultural practices, agri-business management and consumer product development and marketing. On behalf of the board of directors of Imperial Ginseng Products Ltd., Stephen P. McCoach, Chief Executive Officer. -0- Note to Editors: The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. CONTACT: Imperial Ginseng Products Ltd. Hugh Cartwright or Liisa Hill, 604/689-8863 |
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