HONG KONG, Nov. 18, 2016 /PRNewswire/ -- Heritage Printing Technology Corp. (PINKSHEET: HAGE) (OTCBB: HAGE)
Heritage Printing Technology Corp. is pleased to announce a major China based distributor. Synergy Tech Co. brings technology solutions to a breadth of markets, including telecommunications, information systems, transportation, medical, industrial and consumer electronics. The distribution company provides specialized services and expertise across the product lifecycle by connecting customers to the right technology at the right place at the right time and at the right price.
Synergy has operated since the pre- economic reform era, giving them an edge in terms of established infrastructure, government "guanxi" and network reach (especially in towns and counties) and is highly efficient at facilitating rural distribution which is a key play to distribution within the Asian markets. Heritage is very pleased to have a partnership with Synergy given their history and proven track record via the company's networks and channels in every country within Asia. Another great benefit to utilizing a China based distributor is having a complete understanding and solutions to the strict Government controls. Synergy is well aware of China's commercial regulations and communicate with relevant officials to avoid misunderstanding. Furthermore, the government has reduced state tax burdens and strengthened support for the logistics industry in recent years. Further government opinions and actions aim at establishing a modern distribution system, reducing the ratio of total logistics cost to GDP, enhancing the competence of large-sized distribution enterprises, adopting modern information technology, and improving the market environment
The company also has efficient business support system in the fields of logistics, public bidding, consultation, magazine media and realty management. Synergy Tech Co. is mainly engaged in the business of electronic components distribution, telecommunication business, imports and exports trade and exhibition services. It also has efficient business support system in the fields of logistics, public bidding, consultation, magazine media and realty management. With Synergy increasing efficiency for distribution, Heritage is now in a position to focus on product development while saving on expenses. This collaboration is conductive to achieving to substantial growth with a focus on new technology and products coming soon from Heritage Printing.
FORWARD LOOKING STATEMENT
This news release includes forward-looking statements that reflect Heritage Printing Technology Corp's current expectations about its future results, performance, prospects and opportunities. Heritage Printing Technology Corp. has tried to identify these forward-looking statements by using words and phrases such as "may", "will", "expects", "anticipates", "believes", "intends", "estimates", "should", "typical", "we are confident" or similar expressions. These forward-looking statements are based on information currently available to Heritage Printing Technology Corp. and are subject to a number of risks, uncertainties and other factors that could cause the Company's actual results, performance, prospects of opportunities in the remainder of 2016 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.
SOURCE Heritage Printing Technology Corp.