IBMC China AG
IBMC China AG: Management Discussion and Analysis of the Operation Results
IBMC China AG / Final Results/Interim Report 09.09.2009 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Shanghai, China August 28, 2009 - IBMC CHINA AG ('4IB') is happy to announce the completion of 2008 Annual Report (Review of Operations, Annual Financial Statements and Consolidated Financial Statements); Reports of Statutory Auditors and Group Auditors. The English and German version of the statutory audit for IBMC China AG and of the consolidated financial statements can be found on IBMC website www.ibmcchina.com. Below is an open letter from the President regarding the Management Discussion and Analysis of the Operation Results of 2008: Dear Shareholders, IBMC has opened multiple stores throughout China within the first year of operations. 2008 was a banner year for IBMC China AG, establishing first 26 stores in second tier cities such as Wuxi, Suzhou, and Chong Qing. Then, because of high rent, hard to find good location, and risk vs. reward concern, the Management has switch its focus to Shanghai for merger with BBS-ex Factory Direct Discount Retail Operation and seeking for merger and acquisition opportunities of the existing local brand distribution channels. Management only regrets not being able to enter Carrefour stores in China as originally planned. The mega retail giant in China has specific criteria to enter any store with only a consignment based agreement. IBMC could not take all of the risk without any of the reward so the company decided to grow organically through its own store openings. The biggest factor for growth turned out to be BBS-ex Factory Direct Discount Retail Stores. BBS-ex is the second landlord inside a large shopping center, which collects a minimum rent plus participates in sales revenue from the brand's own products. BBs-ex concept is similar to 'factory outlet', but locating them at inner city shopping malls because most Chinese do not own their own cars yet. While aggressively searching for new locations for BBs-ex, IBMC China AG has helped open several new stores for Lilliput Kidswear brand in Shanghai. We expect to see major growth for Lilliput since the consumer public has responded extremely well to the product line and fashion style. Management sincerely believes 'Cash is the King' concept, especially in this bad economic environment. IBMC is happy to announce the liquidity and cash reserve are enough to keep the Company to achieve its short term and long term goal. For year 2009 and beyond, IBMC plans on growing by expanding the BBS-ex concept, as well as focus on great performing brands in Shanghai area. Company also understands that merging with local brands and retail chains is another way for faster growth. Signed, Frank Yuan President For further information, please email info@ibmcchina.com 09.09.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------------
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