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with regards to the $3M shares traded.. it was just before the following Kickbutt news
China 3C Group Signs Marketing Agreement with Shenzhen Vogue
HANGZHOU, China, Feb. 25 /PRNewswire-Asia-FirstCall/ -- China 3C Group (''China 3C'' or the ''Company'') (OTC Bulletin Board: CHCG), a retailer and wholesale distributor of consumer and business products in China, today announced that it has signed a one year marketing agreement with Shenzhen Vogue Industries Co., Ltd ("Shenzhen Vogue"), a well-known producer of auto electronics and communication electronics in Southern China.
Under the terms of the agreement, one salesperson in each of China 3C's store-in-store locations will wear Shenzhen Vogue's promotional shirt for a period of one year to advertise Shenzhen Vogue's products. China 3C currently has over 1,000 store-in-store locations.
Shenzhen Vogue Industries Co., Ltd, founded in August 1997, is a high-tech company that integrates R&D, manufacturing, marketing and after-sale services. It is one of the largest and most well-known GPS manufacturers in Southern China. Shenzhen Vogue recorded approximately USD$150 million in annual sales in 2008.
Mr. Zhenggang Wang, CEO of China 3C, said, "We are pleased to announce this marketing partnership with Shenzhen Vogue, one of our recently announced suppliers. The marketing partnership is expected to provide China 3C with additional revenue and the net margin associated with this advertising agreement significantly exceeds the net margin in our core wholesale and retail businesses.
''China 3C has a large number of suppliers who are in need of marketing services and we plan to continue to develop unique advertising opportunities with our branded suppliers to optimize our profitability. We are one of the largest store-in-store consumer electronics retailers in Eastern China with an extensive customer base. Marketing through China 3C's retail locations are an efficient and cost-effective way for our suppliers to advertise directly to our large base of customers. Our cost to manage this service is minimal and we expect it to contribute to our profit performance this year.''
Guandong Chen, CEO of Shenzhen Vogue said, "We are very glad to enter into this marketing agreement with China 3C. China 3C has over one thousand retail locations in Eastern China with a high customer flow at each retail location. We strongly believe that our marketing partnership with China 3C can lead to increased product sales and brand visibility."
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