American Lorain Branded Youtiao Products Enter into over 400 Wal-Mart Stores in China
LINYI, China, Dec. 31, 2015 /PRNewswire/ — American Lorain Corporation (NYSE MKT: ALN) (“American Lorain” or the “Company”), an international processed snack foods, convenience foods, and frozen foods company based in the Shandong Province, China, today announced that the Company has gained high recognitions from Wal-Mart with respect to product quality and management capability. American Lorain branded Youtiao products will be supplied to over 400 Wal-Mart stores in China.
American Lorain and Wal-Mart have maintained a long-term and stable relation of cooperation in China. After detailed discussion and negotiation, Wal-Mart intends to sell Lorain branded Youtiao product over 400 stores across the country. As part of cooperation, Wal-Mart also agrees to promote Lorain branded Youtiao on its public platform, like Weibo and WeChat. The recent transaction with Wal-Mart will substantially drive the Company's revenue and further improve the Lorain brand awareness in China. This may also lead to other products supply opportunity to Wal-Mart in the future.
Mr. Si Chen, Chairman and CEO of American Lorain, commented, “We are all very excited that American Lorain and Wal-Mart have achieved a breakthrough in our cooperation. Soon, there will be over 400 Wal-Mart stores in China agreeing to only purchase Lorain branded Youtiao product. Our exclusive presence in the Youtiao category with these Wal-Mart stores helps to significantly to spread our brand recognition in China. We believe that this is just the beginning as we are working closely with Wal-Mart to launch more innovative products in the near future. We believe that it will bring more long-term benefits for the company and our shareholders.”
About American Lorain Corporation
American Lorain Corporation (NYSE: ALN) is China's leading chestnut, convenience food product and frozen food product manufacturer. The company currently has 13 world-class standards of food production lines, which can supply more than 200 kinds of product categories. For domestic trade, it has more than thirty offices, with its sales network covers large cities, medium-size cities and coastal open cities all over China. Regarding to international trade, the products are exported to more than 40 countries and regions, such as Japan, South Korea, the United States, Taiwan, Southeast Asia and Europe, which makes our company enjoys a high reputation in the international market. For more information on American Lorain Corporation, please visit: http://en.usalr.cn/index.html
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “to be,” “expects,” “anticipates,” “believes,” “estimates,” or similar expressions, involve known and unknown risks and uncertainties. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond American Lorain 's control, which may cause American Lorain 's actual results, performance or achievements to differ materially from those in the forward-looking statements. Actual results or events may differ from those anticipated or predicted in this press release, and the differences may be material. Further information regarding these and other risks, uncertainties or factors is included in American Lorain 's filings with the U.S. Securities and Exchange Commission. American Lorain does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
Johnny Zhou CFO
SOURCE American Lorain Corporation