HONG KONG, Jan. 11 /PRNewswire-FirstCall/ -- Asiamart, Inc. (OTC
 Bulletin Board: AAMA), a leading tourist retailer in Hong Kong that
 operates discount shopping centers, today announced that it has signed
 agreements with Golden Winning Ltd., and Holiday Travel (HK) Ltd., to bring
 additional tourists to its stores. Asiamart estimates that through these
 new relationships, an average of 4,000 additional visitors will be brought
 to Asiamart's stores per month.
     Golden Winning Ltd. is one of the top tour operators in Hong Kong. It
 specializes in outbound tours and is a member of the Hong Kong Taiwan
 Tourist Operators Association. Holiday Travel (HK) Ltd. is a prominent tour
 operator with its parent company based in Australia. It is a member of the
 Federation of Hong Kong Chinese Travel Agents Ltd.
     "We are excited about the new agreements which we expect will further
 strengthen our current relationships with travel agencies by increasing
 traffic to our shopping outlets," stated Alex Yue, Chairman and CEO. "The
 new business collaborations mark a successful and prosperous start to 2007.
 We are confident that they will help Asiamart expand rapidly while bringing
 the world of shopping pleasure to mainland Chinese tourists."
     About Asiamart, Inc.
     Asiamart, Inc., a Delaware corporation, is a retail and trading company
 based in Hong Kong focused on the outbound China tourist retail market.
 Asiamart operates a chain of outlets and discount shopping centers catering
 principally to tourists brought to its stores through a large network of
 travel companies and tour operators. Asiamart offers its customers select
 international brands in a wide range of merchandise categories including
 consumer electronics, cosmetics and skin care, dietary supplements, health
 care products and optical. For more details, see the company's latest
 quarterly report on Form 10-Q filed with the SEC on November 14, 2006.
     Cautionary Statement Regarding Forward Looking Information
     This press release contains forward-looking information about Asiamart
 that is intended to be covered by the safe harbor for forward-looking
 statements provided by the Private Securities Litigation Reform Act of
 1995. Forward-looking statements are statements that are not historical
 facts. These statements can be identified by the use of forward-looking
 terminology such as "believe," "expect," "may," "will," "should,"
 "project," "plan," "seek," "intend," or "anticipate" or the negative
 thereof or comparable terminology, and include discussions of strategy, and
 statements about industry trends and Asiamart's future performance,
 operations and products.
     This forward-looking information should be considered only in
 connection with "Risk Factors" in Asiamart's quarterly report on Form 10-Q
 filed with the SEC on November 14, 2006, and its other current and periodic
 reports filed with the SEC. Asiamart assumes no obligations to update any
 forward-looking statements or information set forth in this press release.
     Contact:
 
     Noelle Hon
     Asiamart, Inc.
     Chief Investor Relations Officer
     (852) 3580-8800
     Hong Kong SAR
 
     Adam Friedman
     Adam Friedman Associates, LLC
     (212) 981-2529  Ext. 18
     New York, New York
 
 

SOURCE Asiamart, Inc.