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CHCG - China 3C Group Signs Sales Agent Agreement for Panasonic Projectors
Friday April 21, 8:00 am ET


ZHEJIANG, China, April 21 /PRNewswire-FirstCall/ -- China 3C Group (OTC Bulletin Board: CHCG.OB - News), the parent company of two established electronic product distributors in Eastern China today announced that the Company has signed a sales agent agreement with Shanghai Hansen Office Appliance Company Limited, Shanghai, China, the authorized supplier of Panasonic projectors in Eastern China.



Under the terms of the agreement, China 3C Group will be an authorized sales agent of Panasonic projectors in Eastern China. The contract was effective as of April 20, 2006 and will run for one year. The Company will be selling models P1S12, U1X68, P1SDC and U1S70.

Mr. Zhenggang Wang, Chief Executive Officer, stated, "We are most pleased to have been designated as a sales agent for Panasonic projectors in Eastern China. This is a new product for us and it will extend our current product offerings to both existing and potential customers. The influx of foreign enterprises along with office modernization in Eastern China provides excellent market potential for projectors and we anticipate that this new product introduction will add to our revenues in 2006."

About China 3C Group

China 3C Group is a large-scale enterprise integrating the selling, circulation and modern logistics of 3C product (Communication Product, information technology products and digital products) in China through its two subsidiaries: Yiwu Yong Xin Telecommunication Company Limited, which is an authorized sales agent, focusing on the selling, circulation and modern logistics of fax machines and cord phone products in China, and Hangzhou Wang Da Electronics Company Limited, which is an authorized sales agent focusing on the selling, circulation and modern logistics of cell phones, cell phone products, IT products (including notebook or laptop computers), and digital products (including digital cameras, digital camcorders, MP3 players, PDA, flash disks, and removable hard disks) in China.