IBMC China AG
IBMC China AG: Further growth in Shanghai
IBMC China AG / Results Forecast/Forecast Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- IBMC Focuses on Shanghai Expansion Shanghai, China June 16, 2008 – IBMC CHINA AG ('IBMC') as of now, we have 28 stores opened. The reason we are behind schedule is because finding good locations with fair rent is very difficult. Getting the permit to sell and business license for each new store location is not easy, especially in a country like China. However, IBMC management is focused on realizing our first year store opening projections and are aggressively seeking potential mergers or acquisitions in order to make expansion on schedule with projections. Due to the good sales-results from the Shanghai-Stores, IBMC will focus on particularly expanding further in the Shanghai-Region. Accordingly, already two new locations could be opened in attractive venues within Shanghai. Frank Yuan, CEO of IBMC China stated 'The first Shanghai stores are performing well.' Yuan added 'The two new locations for our stores now give us a total of 6 locations and selling points in Shanghai. I feel it is better to focus our expansion right now so we can control the growth.' The two new locations could be established in already existing attractive shopping centers, which attract the aimed at customers. Further information on the new locations can be obtained on the IBMC-website. IBMC has also revised and relaunched the company website www.ibmcchina.de in order to show more detailed information. Now we have all store location and store pictures to let everyone see our company and our brands. Frank Yuan finally mentions 'IBMC has been opening stores and now we are going to focus on growing sales through partnerships with local China companies sharing our same ideals and goals. We expect some great news in the near future for our company.' ABOUT IBMC CHINA AG (IBMC) http://www.ibmcchina.de IBMC purpose is to open multiple International fashion brands franchise stores all over China. Acting as the master licensee for international fashion brands and retailers, and leveraging its brands recognition, designs, marketing experience and skills, IBMC will open multiple stores for each brand. IBMC stores will either be company owned or franchisee operations to penetrate China, the fastest growing economy in the world. These stores may be in the form of free standing, independent stores or stores/corners within large department stores. Director of Operations +862162303101 info@ibmcchina.com 16.06.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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