HONG KONG, Jan. 11, 2005 (PRIMEZONE) -- FP Group, Ltd. (Pink Sheets:FPGR) announced today that the company has commenced trading on the Pink Sheets under the ticker symbol FPGR.
FP Group, Ltd. (FPG) is a cutting-edge integrator in the paper-products industry, providing a one-stop solution for companies wishing to manufacture in China, including product development, design, customization, manufacturing, quality control and packaging, as well as coordinating delivery and shipping for customers. The one-stop service starts from consultation, designing, sourcing, printing and assembling to final delivery. FPG already has created a global delivery network, and its sourcing department is expanding rapidly, as discussed in more detail below.
FPG's executive, administrative and sales offices are located in Hong Kong, and its manufacturing facilities are located in Shenzhen, China. FPG has approximately 650 employees. Its customers include a number of the largest big-box discount retailers in the world.
FPG originally was founded by Chairman Leo Wong as a printing firm in 2000. Using his industry experience, Mr. Wong has grown FPG consistently over its 4-year history. In order to create new revenue opportunities, FPG has diversified and expanded to offer a revolutionary business concept providing one-stop packaging and paper-products solutions to manufacturing companies, a US$400 billion industry annually. FPG works closely with customers and assists them with packaging design, sourcing of raw materials, manufacturing and distribution.
Mr. Wong stated that, "The last four years have seen our company grow at a rapid pace, and we have been able to achieve profitability throughout the expansion and diversification of our business. Diversification certainly has paid off for us. FPG boosted revenues by 250% from 2002 to 2004, and our revenue and profitability growth have continued in the current fiscal year. We have built a roster of customers with global name recognition, and see only more growth ahead. We are committed to expanding our core business, as well as introducing high-margin proprietary product lines."
Mr. Wong, aged 33, has 15 years of practical experience in the printing industry and he was a director of a well-known printing company in Shenzhen, China for four years before he founded FPG there. FPG has a complete management team in place to manage its hundreds of sales and production staff.
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. FP 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.