NANPING, China, Jan. 6, 2020 /PRNewswire/ -- Happiness
Biotech Group Limited (the "Company" or Nasdaq: HAPP), an
innovative China-based
nutraceutical and dietary supplements producer, announced today the
opening of its first experience store in Hainan, China, which is the Company's
31st experience
store.
"Hainan is an important tourism
attraction and an ideal travel destination for tourists in winter.
With this first store, we gained access to the Hainan market," Mr. Wang Xuezhu, CEO of the
Company, continued, "strategically, this is of great importance to
the company in the tourism market, especially in winter."
"The experience store model is a unique model we developed
mainly targeting the tourism market. In the experience stores, the
tourists may learn the history and health benefits of Lucidum and
listen to the lectures about our products. In past 3 years, we have
established strategic relationship with most of the major travel
agents in China. As of March 31,
2019, the Company had a total of 25 experience stores across
the country, including Wuyi Montain,
Xiamen, Shanghai, Suzhou, Shenyang, Beihai and other major tourism
attractions. We are excited to see that the total number of
experience stores increased to 31
as of December 31, 2019, and we will
continue to evaluate more tourism locations in China and potentially overseas in the near
future."
Mr. Wang commented.
About Happiness Biotech Group Limited.
Headquartered in Nanping, China, Happiness Biotech Group Limited is an
innovative China-based
nutraceutical and dietary supplements producer focused on the
research, development, manufacturing and marketing of a variety of
products made from Chinese herbal extracts and other ingredients.
The Company's goal is to provide high-quality products to our
consumers. Over the past 14 years, the Company has established a
product portfolio consisting of 32 SFDA registered "Blue-Cap" SKUs
of nutraceutical and dietary supplements products. For more
information, please visit: www.happ.org.cn.
Forward-Looking Statements
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may, "will, "intend," "should," "believe," "expect," "anticipate,"
"project," "estimate" or similar expressions that do not relate
solely to historical matters, it is making forward-looking
statements. Forward-looking statements are not guarantees of future
performance and involve risks and uncertainties that may cause the
actual results to differ materially from the Company's expectations
discussed in the forward-looking statements. These statements are
subject to uncertainties and risks including, but not limited to,
the following: the Company's goals and strategies; the
Company's future business development; product and service demand
and acceptance; changes in technology; economic conditions;
reputation and brand; the impact of competition and pricing;
government regulations; fluctuations in general economic and
business conditions in China and
assumptions underlying or related to any of the foregoing and other
risks contained in reports filed by the Company with the Securities
and Exchange Commission. For these reasons, among others,
investors are cautioned not to place undue reliance upon any
forward-looking statements in this press release. Additional
factors are discussed in the Company's filings with the U.S.
Securities and Exchange Commission, which are available for review
at www.sec.gov. The Company undertakes no obligation to publicly
revise these forward-looking statements to reflect events or
circumstances that arise after the date hereof.
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SOURCE Happiness Biotech Group Limited