First Growth Appoints Norman Huang as General Manager of Chinese Operations
June 02 2014 - 11:39AM
Access Wire
VANCOUVER, BC / ACCESSWIRE / June
2, 2014 / First
Growth Holdings Ltd. ("First Growth" or the
"Company")
(TSX-V: FGH), is pleased to announce Norman Huang will be joining
the First Growth team as General Manager of Chinese Operations
based in Shanghai, China.
First Growth has been actively
researching opportunities in the Chinese market over the last 6
months. Significant effort has been placed on finding the right
team on the ground in China to complement our team in North
America. "I would like to welcome Norman to our Senior Management
team and look forward to working together." Stated Paul Guedes,
President of First Growth. "When you look at Norman's credentials
he is the perfect candidate to lead our business in China. Norman
has over 20 years experience in the wine and hospitality industry
in China and has worked in senior roles with some of the most
established wine groups in the Asian market like ASC Fine Wines and
Kerry Wines. Under Norman's leadership I am confident that First
Growth will establish itself as one of the best wine companies in
China"
Mr. Huang most recently was
the Greater China Marketing Director for Kerry Wines
which is one of the most recognized wine importer and
distribution companies in China. Mr. Huang oversaw the brand
management, trade marketing and wine education/training for the
company, he also was the Regional Director for North China where he
was responsible for setting up the business and development for
Kerry Wines in 14 provinces. Prior to Kerry Wines Mr. Huang was the
General Manager for ASC Fine Wines in the Southeast of China, ASC
Fine Wines was a pioneer in establishing the wine industry as we
know it today in China and is one of the largest and well known
wine importers. Mr. Huang was responsible for negotiating national
supply contracts for Wal-Mart and Sam's Club, he implemented
regional sales and promotions for international retailers like
Metro, Carrefour, Wal-Mart as well as leading hotels, restaurants
and sub-distributors.
"First Growth's entry into the
Chinese wine market marks a key milestone in executing our overall
business plan for rapid growth." commented Paul
Guedes. China's wine consumption over the past decade has increased
tremendously, placing China as one of the fastest growth wine
consumption countries in the world.
About First Growth
First Growth is a
Canadian-based company that identifies and develops
strong brands in the Canadian and international markets. Strong
brands have a global reach in today's modern world with the rapid
adoption of social media and advancements in technology. First
Growth recognizes the potential for certain brands to penetrate
international markets and will be focused on developing each one of
its brands to its fullest potential.
WineOnline Marketing Company
Ltd. is the first brand that First Growth will develop.
WineOnline, through its website WineOnline.ca, allows
customers to shop for great unique wines that are not readily
available in most stores, and have the wine delivered to your home
or office. The direct-to-customer online wine business in Canada is
far behind first world peer countries. First Growth views this as
an enormous opportunity for the right brand to establish itself as
the industry leader. Acquiring WineOnline, which is an established
brand in Ontario and has been since 2004, was the perfect
opportunity to grow an existing business into a national leading
online retailer.
Leveraging the relationships
that WineOnline has established with some of the best wineries
around the world, First Growth plans to import some of
those brands into China, one of the fastest growing wine markets in
the world. This emerging market is still in the infancy stage with
massive potential for exponential growth. First Growth's team has
intimate knowledge of the wine market in China that will assist in
our rapid entry into the wine market.
First Growth will be evaluating and
exploring other brands that have international opportunities for
growth and investing in them in order to create increased
shareholder value.
ON BEHALF OF FIRST GROWTH
HOLDINGS LTD.:
"J. Paul Guedes"
J. Paul Guedes
President
FOR MORE INFORMATION, PLEASE
CONTACT:
Corporate
Communications
Tel: 604.688.9588
Email: info@firstgrowthholdings.com
Neither the
TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Forward Looking
Statements
Certain
statements contained in this press release constitute
forward-looking information. These statements relate to future
events or future performance. The use of any of the words "could",
"intend", "expect", "believe", "will", "projected", "estimated" and
similar expressions and statements relating to matters that are not
historical facts are intended to identify forward-looking
information and are based on First Growth's current belief or
assumptions as to the outcome and timing of such future events.
Actual future results may differ materially. Those assumptions and
factors are based on information currently available to First
Growth. Risk factors that could cause actual results or outcomes to
differ materially from the results expressed or implied by
forward-looking information include, among other things: general
economic and business conditions and changes in the regulatory
regime. First Growth cautions the reader that the above list of
risk factors are not exhaustive. The forward-looking information
contained in this release is made as of the date hereof and First
Growth is not obligated to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, except as required by applicable securities laws.
Because of the risks, uncertainties and assumptions contained
herein, investors should not place undue reliance on
forward-looking information. The foregoing statements expressly
qualify any forward-looking information contained herein.
SOURCE: First Growth Holdings Ltd.
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