Avon Starts Direct Selling Test With the State's Approval
April 08 2005 - 5:00AM
PR Newswire (US)
Avon Starts Direct Selling Test With the State's Approval BEIJING,
April 8 /PRNewswire-FirstCall/ -- The Chinese Ministry of Commerce
and the State Administration for Industry and Commerce has
officially approved Avon Products (China) Co., Ltd. to be the first
company to test direct selling in Beijing, Tianjin, and Guangdong
Province in April. Andrea Jung, CEO of Avon Products Inc.
(NYSE:AVP), said: "We are so excited that we have received the
formal approval from the Chinese government. We are extremely
honored of this opportunity as it equally shows the government's
confidence and trust on Avon as a responsible and reliable direct
selling company in China. We will do our part and are committed to
deliver the objective and expectation of the government and look
forward to direct selling regulation." SK Kao, President of Avon
China rejoined: "The objective of the test is to help the
government find a suitable direct selling model that would fit the
needs of the Chinese consumers, promote social stability and help
protect consumers against illegal practices known as 'Chuan-xiao'.
We will keep doing what is right and responsible." Mr. Kao
continued: "The direct selling test is a preparation for a
successful implementation of the direct selling legislation. Avon
will strictly abide by the direct selling law and regulation when
they are issued." MEDIA CONTACTS: INVESTOR CONTACTS: Victor Beaudet
Renee Johansen (212) 282-5344 Rob Foresti (212) 282-5320 Sharon
Samuel (212) 282-5322 DATASOURCE: Avon Products Inc. CONTACT:
Victor Beaudet, +1-212-282-5344, or Sharon Samuel, +1-212-282-5322,
or Investors: Renee Johansen, +1-212-282-5320, or Rob Foresti,
+1-212-282-5320, all of Avon Products Inc. Web site:
http://www.avon.com/ Company News On-Call:
http://www.prnewswire.com/comp/079575.html
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