HONG KONG, Nov. 11, 2005 (PRIMEZONE) -- FP Group, Ltd. (Pink Sheets:FPGR) announced today that it has begun servicing the food industry.
Working with expanded design capabilities from the group formed earlier this year (previously announced in January) FP Group, Ltd. ("FPG") has attracted two new clients in the food industry. These two new clients manufacture dry food products. This marks FPG's entrance into the food industry.
FPG President Mr. Leo Wong stated that, "The design partnership formed earlier this year has proven itself over and over again. We would not have been able to attract our two new clients without the improved design capability. This is only one of the many new industries we will service in the coming years. We estimated that the new design business will bring in additional revenue of at least US $2.5 Million annually, beginning in the current fiscal year. We are well on our way to achieving this goal."
FPG's objective is to enter as many new industries as possible, concentrating on consumer products where design is an important component of the marketing plans of those industries.
About FP Group, Ltd.:
FPG is a Peoples Republic of China-based company providing a full range of logistical management in the printing and packaging industry. FPG provides a one-step service including consultation, design, sourcing, printing, assembly and delivery of packaging needs. FPG's products include items for which they hold design patents in the PRC. For more information, please visit our corporate website: www.fpgroup.com.hk
FPG is continually developing new design and packaging concepts. Growth of FPG will come from additional business with its current customer base and attracting new customers as a result of the services and products they offer. FPG intends to take advantage of its market position by seeking other firms for the possibility of merger or acquisition.
Statement under the Private Securities Litigation Reform Act:
With the exception of the historical information contained in this release, statements above describing objectives or goals or our future plans are forward-looking statements and are subject to certain risks and uncertainties, including among other factors the ability of FPG to increase revenues in the future, the ability to maintain a positive cash flow, and the ability to retain existing customers and obtain new customers, its ability to create and market new packaging concepts, the printing and packaging business in general, future governmental regulation as well as other factors which could cause actual results or revenues to differ materially from those contemplated by these statements.