American Lorain Corporation Announces Sales Agreement With Shandong INZONE Malls, Ltd.
JUNAN COUNTY, China, June 14, 2011 /PRNewswire-Asia-FirstCall/ — American Lorain Corporation (NYSEAmex: ALN) (“American Lorain” or the “Company”), an international processed snack foods, convenience foods, and frozen foods company based in Shandong Province, China, today announced that the Company has signed a sales agreement with Shandong INZONE Malls, Ltd. (“INZONE”) to sell Lorain products to 19 supermarkets managed by INZONE.
According to the agreement, American Lorain will be directly supplying the INZONE supermarkets with 16 kinds of products, including lunch boxes, beans, frozen vegetables and french fries. The 19 supermarkets cover approximately 10 cities / counties within Shandong Province, including Jinan, the capital city of Shandong, as well as Taian, Laiwu, Binzhou, Dezhou, and Liaocheng.
American Lorain's Chairman and CEO, Mr. Si Chen, stated, “We are very pleased to have entered into the sales agreement with the INZONE supermarkets. This cooperation reflects our dedicated commitment to continuously expand our distribution channels and enhance the Company's brand equity. We will continue to execute on this strategy to strengthen the Company's leading position as an integrated processed foods manufacturer.”
About American Lorain Corporation
American Lorain Corporation products include chestnut products, convenience food products and frozen food products. The Company currently sells over 240 products to 26 provinces and administrative regions in China as well as to 42 foreign countries. The Company operates through its five direct and indirect subsidiaries and one leased factory located in China. For further information about American Lorain Corporation, please visit the Company's website at http://www.americanlorain.com.
About Shandong INZONE Malls, Ltd.
Shandong INZONE Malls, Ltd. is the retail subsidiary of the state-owned Shandong Commercial Group Ltd. whose businesses covering retailing, pharmaceutical, real estate with 2010 sales of RMB 37 billion. INZONE is listed in China A-share market and manages over 90 outlets including shopping malls, supermarkets, furniture, and logistics centers. INZONE also jointly owns over 140 supermarkets with Uni-President Group of Taiwan. For more information, please visit http://www.yinzuo.cn.
For more information, please contact:
At the Company:
American Lorain Corporation
Mr. David She, CFO
+86-10 8411 3393
SOURCE American Lorain Corporation