Peak Sport 2010-2011 Winter & Spring Sales Fair Received Encouraging Response
Winter Order Book Achieved 30.8% Growth
Footwear & Apparel Order Book Achieved 35.6% & 28.6% Growth Respectively
HONG KONG, June 2 /PRNewswire-Asia/ -- Peak Sport Products Co., Limited ("Peak Sport" or the "Company", HKEx Stock Code: 1968, together with its subsidiaries the "Group"), a well-known branded sport products company in China, announced an encouraging sales order results for its sales fair. The 2010 winter orders recorded a growth of 30.8% by value when compared to the same period last year. Footwear and apparel products recorded a growth by value of 35.6% and 28.6% respectively when compared to the same period last year.
The 2010-2011 winter & spring sales fair was held at Xiamen International Conference and Exhibition Center from 18 to 21 May. The theme of the sales fair was "High technology and environmentally friendly", and the Group launched a total of 563 new apparel and 288 new footwear products for the winter of 2010 and spring of 2011. The 2010 winter orders for the Group's footwear, apparel and accessory products have grown by 35.6%, 28.6% and 11.6% respectively by value when compared to the same period last year.
Mr. XU Zhihua, Chief Executive Officer and Executive Director said: "We are glad to achieve satisfactory results in this sales fair, reflecting a strong confidence from our distributors. We believe that Peak Sport will become an internationally renowned brand showing the culture and spirit of a Chinese sport brand through its strategies on international and professional branding, and increasing product offerings. In addition, with the Group's continuous effort to enhance its R&D and to strengthen its marketing strategies, the Group is confident to deliver sustainable growth in future."
About Peak Sport Products Co., Limited
Peak Sport Products Co., Limited is a leading branded sport products company in China and was listed on the Main Board of the Stock Exchange on 29 September 2009. Peak Sport is primarily engaged in designing, developing, manufacturing, distributing and marketing sport products (including footwear, apparel and accessories) under the "PEAK" brand. As at 31 March 2010, the number of Peak Sport's retail outlets has exceeded 6,400 and the Company's products are exported to over 70 countries. Peak Sport executes a focused international branding strategy and has become an exclusive official marketing partner of the NBA in China since October 2007. The Group has been maintaining long-term cooperative relationships with various basketball tournament organizers such as FIBA and Stankovic Cup.
Issued by Porda International (Finance) PR Group for and on behalf of Peak Sport Products Co. Limited. For further information, please contact:
Porda International (Finance) PR Group Ms. Keely Chan +852-3150-6760 firstname.lastname@example.org Ms. Kelly Fung +852-3150-6763 email@example.com Ms. Fiona Ko +852-3150-6750 firstname.lastname@example.org Ms. Karina Ng +852-3150-6737 email@example.com Fax: +852 3150 6728 Peak Sport Products Co., Limited Ms. Jacqueline Wong, IR Manager Tel: +852-3163-1380 Email: firstname.lastname@example.org
SOURCE Peak Sport Products Co., Limited