Cathay Announces First Shipment to Beijing Diplomatic Duty Free Stores in China
December 23 2015 - 8:10AM
InvestorsHub NewsWire
Ft. Lauderdale, FL -- December 23, 2015 -- InvestorsHub NewsWire
-- Santo Mining Corporation also known as Cathay Lifestyle
Group Inc., (OTCPINK:SANP),
(the "Company"), announced that its first shipment for the Beijing
Diplomatic Duty Free stores has been prepared and will ship out on
Tuesday by air cargo. The shipment includes over 500
boxes of luxury cigars with an average of 25 cigars per box. The
average retail cost of each cigar is approximately $20USD making
the retail value of this first shipment over $250,000USD. The
shipment will depart from Florida on Tuesday, December 27, 2015 and
arrive 36 hours later in Beijing, China. The product will be
available for sale in the Beijing Diplomatic Duty Free stores in
early January. Cathay projects that after this initial
shipment the company will continue to send at least one shipment of
equal or greater value per month to these specialty duty free
stores.
CEO Frank Yglesias commented: “I believe the partnership with these
Diplomatic Duty Free stores will prove to be a gateway for the
company into every Duty Free store in China. We are putting our
best foot forward to ensure that these stores have a superior
experience in regards to the quality of our product and the quality
of our customer service. Based on recent conversations with Mr. Li
Bin I believe that we may soon be shipping out between 2-3 orders
of this size every month to these stores.” (Mr. Li Bin is the
Executive Deputy General Manager of Beijing Duty Free Shops for
Diplomatic Missions).
Cathay will post photos later today through social channels and
otcmarkets.com of supporting paperwork concerning this shipment and
actual photos of this order.
About SANP
Cathay Lifestyle Group Inc., we are a lifestyle brand integration,
marketing, design, development, education and consultant for high
value sales channel of luxury lifestyle products in the leisure and
entertainment sector. We have a diverse portfolio of licensed
brands as well as a wide range of product categories. Our
partners include, membership clubs, golf clubs, financial services
groups, nightclubs, restaurants, lounges, sports bars, KTV’s, Duty
Free Stores, e-commerce channels and direct to consumers B2C across
Asia. Our services embody the interests, attitudes, and
opinions of an elite group of consumers that embrace a particular
culture. Our Lifestyle brands seek to inspire, guide, and motivate
people, with the goal of our products contributing to the
definition of the consumer's way of life. We operate off the
ideology that we must attract and connect people and brands to
ultimately spur, set and create new social phenomenon’s.
Website: http://www.cathaycigars.com
Email: mailto:info@cathay.asia
Facebook: http://www.facebook.com/cathaycigars
Twitter: http://www.twitter.com/cathayinvestors
FORWARD LOOKING STATEMENT This press release contains certain
"forward-looking" statements, as defined in the United States
Private Securities Litigation Reform Act of 1995 that involve a
number of risks and uncertainties. Statements, which are not
historical facts, are forward-looking statements. The Company,
through its management, makes forward-looking public statements
concerning its expected future operations, performance and other
developments. Such forward-looking statements are necessarily
estimates reflecting the Company's best judgment based upon current
information and involve a number of risks and uncertainties, and
there can be no factors that could cause actual results to differ
materially from those estimated by the Company. They include, but
are not limited to, the Company's ability to develop operations,
the Company's ability to consummate and complete the acquisition,
the Company's access to future capital, the successful integration
of acquired companies, government regulation, managing and
maintaining growth, the effect of adverse publicity, litigation,
competition, sales and other factors that may be identified from
time to time in the Company's public announcements.
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