Shenzhen, China, Feb. 28, 2022 (GLOBE NEWSWIRE) -- Meiwu Technology Company Limited (Fka: Wunong Net Technology Company Limited) (“Meiwu”), (NASDAQ: WNW), is pleased to announce that in January 2022, Meiwu has officially entered into the offline experience store market and plans to complete its online and offline closed-loop retail ecology under the sharing mode of the front-end social sharing & membership system and the back-end direct purchase & direct supply.
In January 2022, during a 9-day annual promotion, the amount of sales of Meiwu reached 1.5 times that of the same promotion period last year, and the amount of the order doubled. The empowerment of offline experience stores is indispensable for realizing such achievements.
The annual promotion of Meiwu in the past two years has become an online and offline joint promotion. During the promotion period this year, more than 50 experience stores participated and we provided more than 1,000 kinds of goods in more than 10 cities across the country with the strong support of 0.6 million registered members.
Due to the great responses from the customers of Meiwu’s offline experience stores, Meiwu’s online retail stores also witnessed increased interests from its customers.Meiwu’s offline experience store enables its online retail to change from simple online sales to more flexible and effective services. Furthermore, the experience store helps optimize the category structure and selection, and guide the preparation and marketing of online stores, reducing the shortage rate, improving the turnover rate and the movable sales, which in return helps reach and meet its customers’ needs at a deeper level.
In the next two years, Meiwu expects to develop more than 300 offline experience stores and expects to increase the operating revenue by 200% and the profit by 100%. Xinliang Zhang, CEO of the Company, commented: “The employees of Meiwu are doing a good job in the experience store with a solid attitude and making great strides to welcome Meiwu Technology in the future!”
About Meiwu Technology Company Limited
Meiwu Technology Company Limited is a British Virgin Islands company incorporated on December 4, 2018, and conduct our business in China through our subsidiaries and variable interest entity, Wunong Technology (Shenzhen) Co., Ltd. Currently we conduct our business through our online retail store on the website www.wnw108.com. Optimizing the Website and real-time data, we are able to respond to and match supply with demand for food products in keeping with consumer trends.
Safe Harbor Statement
Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate other future acquisitions; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting our profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in the Company’s filings with the Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release.
Contact
Meiwu Technology Company Limited
Xiaoyu Li
Email: meiwuBS@usmeiwu.com
