QKL Stores Inc. Opens One New Hypermarket
DAQING, China, July 31, 2014
DAQING, China, July 31, 2014 /PRNewswire/ -- QKL Stores Inc. (the "Company")
(Nasdaq: QKLS), a leading regional supermarket chain in Northeastern China,
today announced the opening of one new hypermarket.
The Company's 48^th new store, situated in Daqing City, Heilongjiang, was
opened on July 18, 2014. The hypermarketis located in a remolded shopping
mall in the center of the commercial district of the east city, serving about
500,000 potential customers. This hypermarket occupies approximately 8,400 sq.
meters of gross space.
Mr. Zhuangyi Wang, Chairman and CEO, said, "We are delighted to open another
store in our "home" city of Daqing city, where the QKL brand is widely
recognized. Our business has developed rapidly since we opened our first store
in Daqing City in 1999 and we believe the value and convenience of our stores
in Daqing has resulted in strong customer loyalty in the local community. Our
new store will provide the opportunity to introduce our broad assortment of
high quality products and unique shopping experience to a new group of
customers in Daqing City. We are pleased to open our third store this year."
About QKL Stores Inc.:
Based in Daqing, China, QKL Stores, Inc. is a leading regional supermarket
chain company operating in Northeast China. QKL Stores sells a broad selection
of merchandise, including groceries, fresh food, and non-food items, through
its retail supermarkets, hypermarkets and department stores; the company also
has its own distribution centers that service its supermarkets. For more
information, please access the Company's website at: www.qklstoresinc.com.
Safe Harbor Statement
Certain statements in this release and other written or oral statements made
by or on behalf of the Company are "forward looking statements" within the
meaning of the federal securities laws. Statements regarding future events and
developments and our future performance, as well as management's expectations,
beliefs, plans, estimates or projections relating to the future, are
forward-looking statements within the meaning of these laws. The forward
looking statements are subject to a number of risks and uncertainties
including market acceptance of the Company's services and projects and the
Company's continued access to capital and other risks and uncertainties. The
actual results the Company achieves may differ materially from those
contemplated by any forward-looking statements due to such risks and
uncertainties. These statements are based on our current expectations and
speak only as of the date of such statements.
Mike Li, Investor Relations
SOURCE QKL Stores Inc.
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