AP Henderson Group Announces Expansion of MP3 Business and Secures Distribution Agreement
LOS ANGELES, Aug. 3 /PRNewswire-FirstCall/ -- AP Henderson Group
(OTC Bulletin Board: APHG) subsidiary Hyundai MultiCAV Computer Shanghai, Co."HMCS") announced today that it expanded its MP3 player markets and also signed a regional distribution agreement with Fortune Telecom (FT) for distribution of its MP3 products in Northwestern part of China.
The Company anticipates benefiting from the extensive customer list and shortened distance between end users by utilizing Fortune Telecom's long-term commercial networks that reach throughout China.
Hyundai MultiCAV Computer Shanghai, Co. currently is also in negotiation with another MP3 wholesaler for distribution in Southeastern part of China.
The wholesale agreement with Fortune Telecom is estimated to generate $7.2 million (USD) in revenue on an annual basis.
The Hyundai MultiCAV Computer Shanghai, Co. MP3 player design,
"EMuse-200", recently received the CIW editor choice award in China. The "EMuse-200" design is also produced by Hyundai MultiCAV Computer in Korea.
This design has been praised as the "Royal" player in Korea due to the fact that it's often purchased by fashion-conscious consumers who purchase trendy and fashionable wares.
According to Jeffrey Co, AP Henderson Group's Chairman and CEO, "We elected to work with Fortune Telecom, because of its unblocked commercial network, and because their key target consumer group which is highly concentrated with young, modern and trendy customers. Overall, we shared the same philosophies and had identified the same target market."
Mr. Co continues, "With this agreement, AP Henderson Group, through its subsidiary Hyundai MultiCAV Computer Shanghai, Co., has once again demonstrated its capability to identify significant opportunity in the marketplace. It is news to no one that the market for music on MP3 and other
portable devices has exploded and is rapidly growing."
This agreement allows FT to distribute Hyundai MultiCAV Computer Shanghai, Co. products to its vast network of customers. Hyundai MultiCAV Computer Shanghai, Co. will also take advantage of co-marketing opportunities with Fortune Telecom.
About Fortune Telecom
Fortune Telecom, which was established in Hong Kong in 1992 and was listed on the Main Board of Hong Kong in 2000 (Number 110), is the leading company of distributor, retailer and value added service provider of mobile phones and digital products. Fortune Telecom distributes products manufactured by world- class telecommunications and technology companies such as 3Com, Alcatel, Kodak, Lucent, Motorola, NEC, Nokia, Palm, Siemens, and Sony.
Fortune Telecom possesses an extensive distribution and services network, with operations in Hong Kong, Beijing, Shanghai, Guangzhou, Chengdu and other major cities across the PRC. With 6000 terminal sales, FT has its own products sales outlets in
the sales field of nearly all core professional cell-phones, electrical home appliances and professional sales field of IT.
About AP Henderson Group
AP Henderson Group is an emerging company that utilizes its market presence in the United States and experience in the greater China region to identify and pursue available business opportunities. We intend to target valuable venture opportunities both in the high-technology and technology-
driven manufacturing industries. We made two acquisitions in 2004 in furtherance of our business plan. In January of 2004, we acquired Slide View Corp. Slide View is the sole beneficial owner of US Patent number 6,532,146 and 6,667,877, covering two versions of piggy-backed, side-by-side monitor screens in a laptop. In April of 2004, we acquired Hyundai MultiCAV Computer
Shanghai Co., Ltd., ("HMCS") a Chinese Company. HMCS is engaged in the business of design, manufacture, and marketing of computer hardware, computer peripheral equipment and consumer electronic products, including desktop computers, laptop computers, server communication equipments, LCD monitors,
LCD television, software and online gaming programs.
