Brand Marvel Corporate Update
13 Maio 2014 - 9:00AM
Access Wire
CANADA / ACCESSWIRE / May 13, 2014 / Brand Marvel Worldwide
Consumer Products Corporation (the "Company") (TSXV symbol: BMW) is
pleased to provide updates of the Company on the following
areas:
1. New Contracts Signed in 2014
After the completion of the construction and renovation of the
new factory in 2013, the Company concentrates its efforts in 2014
to increase its sales revenue through distribution of our new wet
wipes products, liquid laundry products and liquid cleansing
products. The Company is also taking OEM orders for production of
similar products under third party labels.
The Company, through its wholly owned subsidiary, Beijing Marvel
Cleansing Supplies Co. Ltd. ("BMC"), recently signed 36 sales and
distribution contracts covering approximately 478 mother and baby
specialty stores, 181 hypermarkets and 700 convenient stores. Three
OEM contracts for the production of wet wipes, liquid laundry and
cleansing products under third party labels were also signed. The
Company projects that approximately RMB40,000,000 (C$6,972,000)
sales revenue can be generated annually through these contracts.
The factory is now producing products from the orders under these
new contracts.
"We will continue our efforts to sign up more new contracts in
the remaining part of 2014, which in turn will increase our total
sales revenue in the second half year of 2014 and also maximize the
usage of the existing production capacity of the equipment in the
new factory", said Liao Yongliang, President of the Company. "When
required, the Company will acquire more equipment to fulfill and
complete the production orders."
2. Stock Options Granted
The Company granted 6,000,000 stock options to three directors
and a consultant with an exercise price of $0.10 per share expiring
on February 17, 2016.
About Brand Marvel Worldwide Consumer Products Corporation
("BMW")
Brand Marvel Worldwide Consumer Products Corporation ("BMW") is
a public company listed on the TSX Venture Exchange under the
trading symbol "BMW". Through its operating arm and wholly owned
subsidiary, Beijing Marvel Cleansing Supplies Co. Ltd. ("BMC"), the
Company manufactures and distributes wet wipe products, liquid
disinfectant products, liquid cleansing products and liquid laundry
products in the People's Republic of China ("China").
BMC currently produces and distributes non-woven wet wipe
products, including general, baby, man, woman, functional and
hygienic, for both domestic and international markets under the
brand names "Snowtree", "Dreamboat" or OEM orders. BMC also
produces and distributes in China liquid disinfectants, liquid
cleansing products and liquid laundry products under its own brand
names or OEM orders. BMC is a leading name in China with a national
wide distribution network on its fast moving consumer products.
On behalf of the Board of Directors
"Liao Yongliang"
Liao Yongliang,
President and Director
Cautionary Statements
Statements in this press release other than purely historical
information, including statements relating to the Company's future
plans and objectives or expected results, constitute
forward-looking statements. Forward-looking statements are based on
numerous assumptions and are subject to all of the risks and
uncertainties inherent in the Company's business. As a result,
actual results may vary materially from those described in the
forward-looking statement. Undue reliance should not be placed on
forward looking statements or information. We do not expect to
update forward-looking statements or information continually as
conditions change, except as may be required by law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE: Brand Marvel Worldwide Consumer Products
Corporation
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