BEIJING, Nov. 21,
2024 /PRNewswire/ -- CIMG Inc. ("CIMG" or the
"Company") (NASDAQ: IMG), a company with a heritage in specialty
coffee and an emerging business in broader consumer food and
beverage products, today announced that Zhongyan Shangyue
Technology Co., Ltd ("Zhongyan Shangyue"), a PRC subsidiary of CIMG, has signed a
distribution contract with Beijing Wangbo Chengda Trading Co., Ltd.
("Wangbo Trading"), according to which Wangbo Trading has the
distribution right to sell Maca
Noni, a beverage product of CIMG, in no fewer than 550
Lawson convenience stores from October 22,
2024 to October 21, 2025, in
the following areas in People's Republic
of China: city of Beijing,
city of Tianjin, and Hebei Province.
CIMG also announced that Zhongyan Shangyue has signed contracts
with multiple PRC-based distribution companies, including Guangdong
Jixinsheng Trading Co., Ltd., Shanghai Qingshuteng Trading Co.,
Ltd., Sichuan Haohua Dinghui Trading Co., Ltd., and Shanghai
Jinxianfang Trading Co., Ltd. The Company aims to place
Maca Noni drinks gradually to a
significant number of retail stores with the help of these
distribution companies, targeting within the next three years at
selling and distributing Maca Noni
at 25,000 convenience stores of uSmile PetroChina, 400 convenience
stores of Guangdong Petroleum Co., Ltd, 129 convenience stores at
Chengdu Energy Gas Stations in Sichuan
Province, and no fewer than 300 self-service vending
machines within the next 12 months.
Ms. Jianshang Wang, the Chairwoman of the Board of Directors and
Chief Executive Officer of CIMG, commented: "The Company is in the
early stages of transforming itself into a leading digital
marketing, sales, and distribution company for consumer products.
Maca Noni is the first plant-based
beverage product launched by the Company in 2024 and the first
product for the company to explore the Chinese market. In the
future, the Company will launch more new products, develop
additional retail channels, accelerate business development, and
promote performance growth."
About CIMG Inc.
CIMG Inc. is a digital marketing, sales and distribution company
for various consumer products with focuses on food and beverages.
Dedicated to reshaping the digital marketing and distribution with
technological applications, the Company endeavors to create greater
commercial value for its business partners and therefore enhance
its own enterprise value and shareholders' value of their stake in
the Company. The Company has a professional branding and marketing
management system, which can quickly help partnering enterprises
achieve their connection, management, and operation of marketing
channels globally.
Forward-Looking Statements
This press release contains information about the Company's view
of its future expectations, plans and prospects that constitute
forward-looking statements. Actual results may differ materially
from historical results or those indicated by these forward-looking
statements as a result of a variety of factors including, but not
limited to, risks and uncertainties associated with its ability to
raise additional funding, its ability to maintain and grow its
business, variability of operating results, its ability to maintain
and enhance its brand, its development and introduction of new
products and services, the successful integration of acquired
companies, technologies and assets into its portfolio of products
and services, marketing and other business development initiatives,
competition in the industry, general government regulation,
economic conditions, dependence on key personnel, the ability to
attract, hire and retain personnel who possess the technical skills
and experience necessary for its operations, and its ability to
protect its intellectual property. The Company encourages you to
review other factors that may affect its future results in the
Company's annual reports and in its other filings with the
Securities and Exchange Commission.
For more information, please contact:
http://www.ccmg.tech
ir@ccmg.tech
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SOURCE CIMG Inc.
