HONG KONG, Dec. 20, 2005 (PRIMEZONE) -- FP Group, Ltd. (Pink Sheets:FPGR) announced today that it has entered into an agreement with Yin Bond Trading ("Yin Bond"), a Peoples Republic of China ("PRC") based agency. Yin Bond has already provided FP Group, Ltd. ("FPG" or the "Company") with its first customer from them. The customer is in the tobacco industry. The tobacco industry is new to FPG. The Company will produce gift packaging services for one of the PRC government owned cigarette manufacturing companies. The services will include printing, packaging and shipping of the packaged product. Yin Bond has also introduced the Company to a major tea manufacturer. As with the tobacco company, FPG will produce gift packaging.
FPG's management made the decision to expand its selling efforts by entering into agreements with selling agencies. FPG Chairman and CEO Leo Wong stated, "In keeping with our strategic plan we have added our second sales agent in just a short period of time. As I've stated before utilizing agencies will speed up our anticipated growth. Sales made by Yin Bond will bring in over US$1,000,000 of additional revenue in 2006. This will bring the total of expected new revenue from sales agency relationships to over US$2,000,000 next year. Mr. Wong added that "We have now successfully branched out to new industries and look forward to the continued growth and we will continue to enter into other agreements such as this one in the near future."
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.