Deer Consumer Products, Inc. Announces Record Online Sales in China
"Deer" branded products named best selling products in their categories at China's largest online shopping mall
NEW YORK, March 11 /PRNewswire-FirstCall/ -- Deer Consumer Products, Inc. ("Deer") (Nasdaq: DEER) (website: http://www.deerinc.com), one of the world's largest designers and OEM/ODM manufacturers of home and kitchen electronics marketing to both global and China domestic consumers, announced today that "Deer" branded juicer and blender products are the best selling products in their categories at China's largest online shopping mall, Taobao.com.
Bill He, Chairman & CEO of Deer commented: "In the 4th quarter of 2009, Deer built up significant inventory to address anticipated domestic and international market demand. We are now able to timely deliver products to customers at record shipment levels. Deer has adopted a multi-tier marketing strategy towards the China domestic markets. In addition to record internet sales, online customers can also view our products in person at various retail stores, which could lead to greater sales in our other product categories. Deer is on track to further expand our brand name and significantly grow in China's domestic markets in 2010."
About Deer Consumer Products, Inc.
Deer Consumer Products, Inc. (http://www.deerinc.com) is a NASDAQ Global Market listed U.S. registered public company headquartered in China. Deer has a 15-year operating business as well as a strong balance sheet. Supported by more than 103 patents, trademarks, copyrights and approximately 2,000 company-trained seasonal and full-time staff, Deer is a leading designer, ODM/OEM manufacturer and global marketer of quality small home and kitchen electric appliances. Deer's product lines include blenders, juicers, soy milk makers and a large variety of other home appliances designed to make today's lifestyles simpler and healthier. With more than 100 global clients/branded products such as Black & Decker, Ariete, Disney, Toastmaster, Magic Bullet, Back to Basics and Wal-Mart, and rapidly expanding China domestic market footprint, Deer has enjoyed rapid sales and earnings growth in recent years.
Safe Harbor Statement
All statements in this press release that are not historical are forward-looking statements made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. There can be no assurance that actual results will not differ from the company's expectations. You are cautioned not to place undue reliance on any forward-looking statements in this press release as they reflect Deer's current expectations with respect to future events and are subject to risks and uncertainties that may cause actual results to differ materially from those contemplated. Potential risks and uncertainties include, but are not limited to, the risks described in Deer's filings with the Securities and Exchange Commission.
Contact Information: |
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Corporate Contact: |
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Ms. Helen Wang |
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Deer Consumer Products, Inc. |
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Tel: 011-86-755-86028285 |
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Email: [email protected] |
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SOURCE Deer Consumer Products, Inc.
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