Initation Enterprises Company Ltd.
Initation Enterprises Company Ltd.: Corporate News of Initation Enterprises Company Limited (June of 2011)
Initation Enterprises Company Ltd. / Key word(s): Miscellaneous Corporate News of Initation Enterprises Company Limited (June of 2011) Initation Enterprises Company Limited is launching the new marketing policy and strategy. Due to the Earthquake and Tsunami in March 2011, which lead to Japanese companies increase placing order in China since May 2011, Initation Enterprises Company Limited signed a new Agreement with Satori S-Tech Co., to produce the Spare Parts for their Switch Products and Assembling. The first order will be processed in July and export to Japan by Luhe Factory. The new agreement would target to increase the Sales Revenue approximately by USD 2.3 million in the current fiscal year (April, 2011 to March, 2012). Satori is one of the main suppliers of Makita Corporation, which is the larger supplier of power tools in Japan. At the mean time, Initation Enterprises Company Limited is negotiating with Daiichi Co., which is one of the top 5 suppliers in Japan special for Slot Machines. Daiichi Co., have do the factory visit and fully satisfied with the standard provided by Initation Enterprises Company Limited. Currently, the order placed by Daiichi Co. in China approximately amount to USD64 million. We are targeting to be one of the major suppliers of Daiichi and get approximately 20% market shares of their orders in China in the future by step. If the new agreement can be signed and start manufacturing in September or October with Luhe Factory, Initation Enterprises Company Limited would further increase Sales Revenue approximately by USD 7.7 million in the current fiscal year (April, 2011 to March, 2012) . End of Corporate News 17.06.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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