HONG KONG, Nov. 16, 2005 (PRIMEZONE) -- FP Group, Ltd. (Pink Sheets:FPGR) announced today that it has expanded its facility located in Shenzhen, China.
Shenzhen is located in the southern part of the Peoples Republic of China and is a major industrial area. FPG added 4,000 square feet to its current manufacturing plant. The area is dedicated to higher end printing and packaging and brings a new dimension to the Company. The first shipments have been made from this area to a major fashion designer.
FPG's management made the decision to invest in its operating facility as a result of substantial growth in its client base, some of which have special requirements for a higher level of service. FPG Chairman and CEO Leo Wong stated, "In order to meet new demands by our customers, we invested in excess of US$500,000 to accommodate this growth. The new facility should generate in excess of US$2,000,000 in the next 12 months and we should see a payback in less than 3 years." Mr. Wong added that, "This facility further sets our Company apart from its competitors in the quality we can deliver."
About FP Group, Ltd.:
FPG is a Peoples Republic of China-based company providing a full range of logistical management in the printing and packaging industry. FPG provides a one-step service including consultation, design, sourcing, printing, assembly and delivery of packaging needs. FPG's products include items for which they hold design patents in the PRC. For more information, please visit our corporate website: www.fpgroup.com.hk
FPG is continually developing new design and packaging concepts. Growth of FPG will come from additional business with its current customer base and attracting new customers as a result of the services and products they offer. FPG intends to take advantage of its market position by seeking other firms for the possibility of merger or acquisition.
Statement under the Private Securities Litigation Reform Act:
With the exception of the historical information contained in this release, statements above describing objectives or goals or our future plans are forward-looking statements and are subject to certain risks and uncertainties, including among other factors the ability of FPG to increase revenues in the future, the ability to maintain a positive cash flow, and the ability to retain existing customers and obtain new customers, its ability to create and market new packaging concepts, the printing and packaging business in general, future governmental regulation as well as other factors which could cause actual results or revenues to differ materially from those contemplated by these statements.