Yosen Group Signs Reseller Agreement with Apple

HANGZHOU, China, Nov. 12, 2013 /PRNewswire/ -- Yosen Group, Inc. (stock symbol: YOSN) ("Yosen", or "the Company")  today announced the signing of an Authorized Apple PRC Reseller Agreement (the "Agreement") with Apple Computer Trading (Shanghai) Co. Ltd., a Shanghai, China based subsidiary of Apple Inc. ("Apple"). Through the execution of this Agreement, Yosen has been officially appointed as an authorized reseller of Apple products and services to customers in the People's Republic of China. 

This Agreement will allow Yosen to enjoy a number of unparalleled competitive advantages in many key aspects of a retailer from ordering, payment terms to marketing and pricing. For example, Yosen will be able to purchase directly from Apple or an authorized Apple distributor and can resell these products to customers at prices determined solely by Yosen itself. Yosen is granted the license to use the Apple trademarks and copyrights under Apple's guideline for marketing and promoting its product sale in China. In addition, Yosen will enjoy Apple's price protection policy under certain conditions. Yosen may also establish a line of credit with Apple to facilitate the payment for orders. With these terms in the Agreement, Yosen is anticipated to position well in competition.

Yosen's CEO Mr. Zhenggang Wang commented, "We are extremely excited about this appointment by Apple. Not only does this stand out as a clear recognition of Yosen by the world's best developer of communication and media devices, but also it provides us many enviable advantages in an increasingly competitive industry".

About Yosen Group, Inc.

Yosen Group is a leading wholesale distributor and retailer of 3C merchandise: computers, communication products and consumer electronics. The company specializes in wholesale distribution and retail sales of 3C products in Eastern China, focusing on products that make life more comfortable, convenient and connected. The company operates under the Yosen and Wang Da brand names. For more information, visit http://www.yosn.com/.

About Apple Inc.

Apple Inc. and its wholly-owned subsidiaries design, manufacture, and market mobile communication and media devices, personal computers, and portable digital music players worldwide. It also sells software, services, peripherals, networking solutions, and third-party digital content and applications related to its products. The company offers iPhone, a line of smartphones that comprise a phone, music player, and Internet device; iPad, a line of multi-purpose tablets based on Apple's iOS Multi-Touch operating system; Mac, a line of desktop and portable personal computers; and iPod, a line of portable digital music and media players, such as iPod touch, iPod nano, iPod shuffle, and iPod classic. It also provides Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and various accessories, service and support offerings, among others.    For more information, visit http://www.apple.com/.

About Apple Computer Trading (Shanghai) Co. Ltd.

Apple Computer Trading (Shanghai) Co. Ltd., based in Shanghai, China, operates as a subsidiary of Apple Inc.  It markets and sells mobile communication and media devices, personal computing products, and portable digital music players in China.

Safe Harbor Statement

Certain statements in this press release, constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements include, without limitation, statements regarding the Company's future performance. The Company has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs.  Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the periodic reports that are filed with the Securities and Exchange Commission.  All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors.  The Company undertakes no duty to update these forward-looking statements except as required by law.

For more information, please contact:

Xiaochun Yang
Tel: +86-571-2888-8036
Email: [email protected] 

SOURCE Yosen Group, Inc.